Common use of Franchise Approval Clause in Contracts

Franchise Approval. AFC shall have notified Seller and Purchaser in writing that it will grant approval of the assignment of Seller's franchise right to operate the Stores as Popeye's Famous Fried Chicken and Biscuits Restaurants to Purchaser and that Seller has satisfied all terms, conditions and requirements pertaining to the granting of said franchises.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Fast Food Operators Inc), Asset Purchase Agreement (Fast Food Operators Inc)

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Franchise Approval. AFC shall have notified Seller and Purchaser in writing that it will grant approval of the assignment of Seller's franchise right to operate the Stores Store as a Popeye's Famous Fried Chicken and Biscuits Restaurants Restaurant to Purchaser and that the Seller has shall have satisfied all terms, conditions and requirements pertaining to the granting of said franchisesfranchise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Fast Food Operators Inc)

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Franchise Approval. AFC shall have notified Seller and Purchaser in writing that it will grant approval of the assignment of Seller's franchise right to operate the Stores Store as a Popeye's Famous Fried Chicken and Biscuits Restaurants to Purchaser and that the Seller has shall have satisfied all terms, conditions and requirements pertaining to the granting of said franchisesfranchise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Fast Food Operators Inc)

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