EFFECTS ON FRANCHISES Clause Samples

EFFECTS ON FRANCHISES. Upon any termination or expiration of the Term, RE/MAX JAPAN shall have the right upon notice to Regional Franchisee to have any and all right, title and interest of Regional Franchisee in Franchise Agreements revert to RE/MAX JAPAN or its designee. Upon such notice, (a) Regional Franchisee shall not directly or indirectly sell, assign, transfer or otherwise dispose of its interest as subfranchisor or grantor under any Franchise Agreement, authorize any substitution of the Marks licensed under the Franchise Agreements nor destroy or dispose of in any manner whatsoever (including the deletion of any information contained in any electronic medium) any agreements, documents, books or records relating to any Franchisee or Franchise Agreement; (b) all of the right, title and interest of Regional Franchisee as subfranchisor or grantor in all Franchise Agreements shall without further notice automatically revert to RE/MAX JAPAN (or its designee), Regional Franchisee acknowledging and agreeing that RE/MAX JAPAN shall have no obligation to pay any separate consideration for such reversion; (c) all Franchisees, including Affiliates of Regional Franchisee, shall have the right to continue to operate under their respective Franchise Agreements that are in effect at that time in accordance with the terms thereof, provided such Franchisees shall make all payments required under the Franchise Agreements to RE/MAX JAPAN or its designee; (d) Regional Franchisee shall not act in the capacity, in any manner whatsoever, of subfranchisor or grantor under any Franchise Agreements; (e) RE/MAX JAPAN or its designee shall have the unrestricted right to act as subfranchisor or grantor in all capacities under all Franchise Agreements and Regional Franchisee shall not, directly or indirectly, in any manner whatsoever interfere therewith; (f) Regional Franchisee shall pay to RE/MAX JAPAN in Japanese Yen an amount equal to all initial fees paid by Franchisees which are not yet earned; (g) Regional Franchisee shall promptly provide RE/MAX JAPAN a complete and accurate accounting of all advertising funds and promptly pay to RE/MAX JAPAN in Local Currency an amount equal to the balance of such funds, which RE/MAX JAPAN agrees to use in accordance with the Franchise Agreements; (h) Regional Franchisee shall execute such documents and do such things as RE/MAX JAPAN may request in connection with any of the foregoing matters; (i) Regional Franchisee appoints RE/MAX JAPAN and any officer of R...