Common use of Franchise Documents Clause in Contracts

Franchise Documents. ARCO, through its division ARCO Products ------------------- Company ("APC"), and Buyer (i) have signed a Contract Dealer Gasoline Agreement (the "Gas Agreement") and a non-lessee am/pm Mini Market Agreement (the "Mini Market Agreement") for Buyer's operations at the Real Estate after the closing and (ii) have signed and have had notarized a Memorandum of Contract Dealer Gasoline Agreement in recordable form. The am/pm Mini Market Agreement will provide for the Franchise Fee as set forth in Section 1, which is included in the Purchase Price. The Gas Agreement and the Mini Market Agreement each must have a term of 15 years and be in ARCO's standard form.

Franchise Documents. ARCO, through its division ARCO Products ------------------- Company ("APC"APC|), and Buyer (i) have signed a Contract Dealer Gasoline Agreement (the "Gas Agreement") and a non-lessee am/pm Mini Market Agreement (the "Mini Market Agreement") for Buyer's operations at the Real Estate after the closing closing, and (ii) have signed and have had notarized a Memorandum of Contract Dealer Gasoline Agreement in recordable form. The am/pm Mini Market Agreement will provide for the Franchise Fee as set forth in Section 1, which is included in the Purchase Price. The Gas Agreement and the Mini Market Agreement each must have a term of 15 years and be in ARCO's standard form.