Franchise Approval Criteria Sample Clauses

Franchise Approval Criteria. With respect to each Restaurant to be established pursuant to this Agreement, the Developer must first apply for and obtain franchise approval ("Franchise Approval") from BKC through BKC's standard franchise approval procedures, including without limitation, submitting the then current form of Multiple Franchise Application, Management Commitment Form, Capitalization Plan, and Preliminary Agreement. Notwithstanding any provision in this Agreement to the contrary, the Developer understands and agrees that, as a condition to the granting of a Franchise Approval, the Developer must have met all of BKC's then current operational, financial, legal, and other approval criteria at the time of application for a franchise (the "Expansion Criteria"). BKC may, in its sole and absolute discretion, waive Developer's non-compliance with any one or all of the Expansion Criteria with regard to any Restaurants developed under this Agreement. Franchise Approval shall not be unreasonably withheld. If Franchise Approval is not den fed by BKC by no later shall twenty (20) business days from the date on which BKC receives a written application from Developer which complies in all respects to the requirements in this Section 4.2.1, then Franchise Approval shall be deemed to have been given to Developer. The terms "operational," "financial" and "legal" as used in this Agreement shall include without limitation the following:
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Franchise Approval Criteria. Notwithstanding any provision in this Agreement to the contrary, the Developer understands and agrees that, as a condition to the granting of a franchise to operate a Burger King Restaurant, Developer must obtain from BKC at the time of Application, and maintain throughout the Term, franchise approval ("Franchise Approval") by meeting, and continuing to meet, in the sole discretion of BKC, all of BKC's then current "operational," "financial," "legal," "development" and other criteria and conditions for development, including, but not limited to, any conditions included in BKC's approval letter (the "Franchise Approval Criteria"). The terms "operational," "financial," "legal" and "development" as used above and elsewhere in this Agreement shall include, without limitation, the following:

Related to Franchise Approval Criteria

  • Course Approval Approval for dual credit shall be by the LEA and POSTSECONDARY INSTITUTION representatives on a course-by-course basis each semester based on the student’s prior coursework, career pathway, and/or academic readiness. There is no state limit to the number of credits a student may earn through dual credit in an academic term; however, the student must meet eligibility requirements.

  • State Approval of Replacement Personnel The Engineer may not replace the project manager or key personnel without prior consent of the State. The State must be satisfied that the new project manager or other key personnel is qualified to provide the authorized services. If the State determines that the new project manager or key personnel is not acceptable, the Engineer may not use that person in that capacity and shall replace him or her with one satisfactory to the State within forty-five (45) days.

  • New Project Approval Consultant and District recognize that Consultant’s Services may include working on various projects for District. Consultant shall obtain the approval of District prior to the commencement of a new project.

  • Project Approval The County may issue a Job Order Authorization for the Work, to include the firm-fixed-price of the Job Order and the project duration. Contractor agrees that all clauses of this Contract are applicable to any Job Order issued hereunder. The County reserves the right to reject a Contractor’s Quote based on unjustifiable quantities and/or methods, performance periods, inadequate documentation, or other inconsistencies or deficiencies on the Contractor’s part in the sole opinion of the County. The County reserves the right to issue a unilateral Job Order authorization for the Work if a Quote price cannot be mutually agreed upon. This is based upon unjustifiable quantities in the sole opinion of the County. The County also reserves the right to not issue a Job Order Authorization if the County’s requirement is no longer valid or the project is not funded. In these instances, the Contractor has no right of claim to recover Quote expenses. The County may pursue continuing valid requirements by other means where Contract was not reached with the Contractor.

  • Government Approval, Regulation, etc No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or other Person is required for the due execution, delivery or performance by the Borrower of this Amendment.

  • Authorization, Approval, etc No authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any other Person is required either (a) for the pledge by the Pledgor of any Collateral pursuant to this Pledge Agreement or for the execution, delivery, and performance of this Pledge Agreement by the Pledgor, or (b) for the exercise by the Collateral Agent of the voting or other rights provided for in this Pledge Agreement, or, except with respect to any Pledged Shares, as may be required in connection with a disposition of such Pledged Shares by laws affecting the offering and sale of securities generally, the remedies in respect of the Collateral pursuant to this Pledge Agreement.

  • FERC Approval Notwithstanding any other provision of this Appendix 2, no termination hereunder shall become effective until the Interconnected Entities and/or Transmission Provider have complied with all Applicable Laws and Regulations applicable to such termination, including the filing with the FERC of a notice of termination of the Interconnection Service Agreement, and acceptance of such notice for filing by the FERC.

  • Approval of Plans and Specifications The Plans and Specifications will conform to the requirements and conditions set out by applicable law or any effective restrictive covenant, and to all governmental authorities which exercise jurisdiction over the Leased Premises or the construction thereon.

  • Listing Approval The Shares to be delivered on the Closing Date or any Additional Closing Date, as the case may be, shall have been approved for listing on the Exchange, subject to official notice of issuance. If (i) any of the conditions specified in this Section 5 shall not have been fulfilled when and as provided in this Agreement, or (ii) any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Representative and its counsel, this Agreement and all obligations of the Underwriters hereunder may be cancelled on, or at any time prior to, the Closing Date or any Additional Closing Date, as the case may be, by the Representative. Notice of such cancellation shall be given to the Company in writing or by telephone or facsimile confirmed in writing.

  • HSR Approval The applicable waiting period under the HSR Act shall have expired or been terminated.

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