Common use of Franchise Approval Clause in Contracts

Franchise Approval. Franchisor shall have granted to Purchaser and Guarantor the franchise rights to operate the Restaurants, and Purchaser and Guarantor shall have satisfied all terms, conditions, and requirements pertaining to the granting of such franchise rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (NPC Restaurant Holdings, LLC)

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Franchise Approval. Franchisor shall have granted to Purchaser and Guarantor the franchise rights to operate the Restaurants, and Purchaser and Guarantor shall have satisfied all terms, conditions, and requirements pertaining to the granting of such franchise rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (NPC Restaurant Holdings, LLC)

Franchise Approval. Franchisor Seller shall have granted to Purchaser and each Guarantor the franchise rights to operate the Restaurants, and Purchaser and Guarantor shall have satisfied all terms, conditions, and requirements pertaining to the granting of such franchise rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wendy's Co)

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Franchise Approval. Franchisor Seller shall have granted to Purchaser and each Guarantor the franchise rights to operate the Restaurants, and Purchaser and each Guarantor shall have satisfied all terms, conditions, and requirements pertaining to the granting of such franchise rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wendy's Co)

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