FRANCHISEE'S COVENANT Sample Clauses

FRANCHISEE'S COVENANT. NOT TO COMPETE FOLLOWING TERMINATION. Upon expiration or termination of this Agreement for any reason, Franchisee and, as applicable, its partners and its shareholders shall not, for a period of two (2) years thereafter, have any interest as an owner, manager, employee, operator or consultant or in any other capacity in any business, venture, program or enterprise the primary function of which is to provide temporary or permanent employee placement within the Territory or within fifty (50) miles of the Territory.
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FRANCHISEE'S COVENANT. NOT TO COMPETE DURING TERM OF AGREEMENT. Franchisee recognizes that Franchisor's Confidential Information is the underpinning of Franchisor's business, and protection of the Confidential Information is a matter of critical importance to Franchisor, and Franchisee acknowledges Franchisor's need to protect the Confidential Information against unauthorized use or disclosure as well as Franchisor's simultaneous need to encourage free exchange of ideas and information among Remedy franchisees. In addition, Franchisee acknowledges it will acquire significant knowledge and information concerning the business of Franchisor and that such business is very competitive. Competition by Franchisee with Franchisor's business during the term of, and after the expiration or termination of, this Agreement would severely injure Franchisor's business and impair the goodwill created by Franchisor. During the term of this Agreement, neither Franchisee, nor, as applicable, any shareholder, member or equity owner of Franchisee, nor any general partner, director, officer, manager, nor other key employee of Franchisee shall compete with the business of Franchisor by engaging, directly or indirectly in the Covered Business. For purposes of this Section 13.2.1 and Section 13.2.5 below, "engaging, directly or indirectly, in" shall mean engaging or having an interest in, directly or indirectly, as a shareholder, member, owner, general partner, director, officer, manager, or employee, or otherwise participating in, or allowing their skill, knowledge or experience to be used in connection with, the operation, management or control of a business or enterprise engaged in any aspect of the Covered Business. Accordingly, Franchisee (and if Franchisee is a corporation, limited liability company, partnership or other entity, each of Franchisee's principal owners that Franchisor may request) shall execute the Guaranty, Indemnification and Acknowledgment attached hereto as Exhibit E. Franchisee further acknowledges that participation in a Covered Business by a spouse or immediate family member of Franchisee, any shareholder, member or equity owner, general partner, director, officer, manager, or other key employee of Franchisee, shall be a violation of the terms of this Agreement for which Franchisor shall have the right to immediately terminate this Agreement pursuant to Section 23.2.
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FRANCHISEE'S COVENANT. Franchisee shall not suffer or permit any Prohibited Lien to be filed on the leased Premises. If a Prohibited Lien is filed then Franchisee shall, within thirty (30) days after receiving Notice of such filing (but in any case within fifteen (15) days after receipt of Notice commencement of foreclosure proceedings), commence and then prosecute appropriate action to cause such Prohibited Lien to be paid, discharged or bonded. Nothing in this Agreement shall be construed to restrict Franchisee's right to contest the validity of any Prohibited Lien and to pursue Franchisee's position to a final judicial determination.
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Related to FRANCHISEE'S COVENANT

  • LESSEE'S COVENANTS The Lessee hereby covenants with the Lessor as follows:

  • Employees Covenants a. From the Effective Date of this Agreement and continuing until the second (2nd) anniversary of Employee’s termination, Employee shall not interfere with the business of Hyperion by, directly or indirectly, personally or through others, soliciting or attempting to solicit, on Employee’s own behalf or on behalf of any other person or entity, the employment of any employee of Hyperion, or any of Hyperion’s affiliates. During this period, Employee shall not encourage or induce, or take any action that has the effect of encouraging or inducing, any employee of Hyperion, or any of Hyperion’s corporate affiliates, to terminate that employee’s employment.

  • Lessor's Covenants The Lessor covenants and agrees that, unless the Agent and the Lenders shall have otherwise consented in writing:

  • Landlord’s Covenant Upon payment by the Tenant of the rents and other charges herein provided, and upon the observance and performance of all the covenants, terms and conditions on Tenant’s part to be observed and performed, Tenant shall peaceably and quietly hold and enjoy the Premises for the term hereby demised without hindrance or interruption by Landlord or any other person or persons lawfully or equitably claiming by, through or under the Landlord, subject, nevertheless, to the terms and conditions of this Lease.

  • Vendor’s Covenants The Vendor will have performed and complied with all agreements, covenants and conditions as required by this Agreement.

  • LANDLORD'S COVENANTS The Landlord covenants with the Tenant:

  • Holdings Covenant Holdings and any Intermediate Holdings will not conduct, transact or otherwise engage in any business or operations other than (i) the ownership and/or acquisition of the Equity Interests of any Intermediate Holdings, Holdings, any IPO Shell Company and any wholly-owned subsidiary of Holdings formed in contemplation of an IPO to become the entity which consummates an IPO, (ii) the maintenance of its legal existence, including the ability to incur fees, costs and expenses relating to such maintenance, (iii) participating in tax, accounting and other administrative matters as a member of the consolidated group of Holdings and the Borrowers or any of their Subsidiaries, (iv) the performance of its obligations under and in connection with the Loan Documents, any documentation governing any Indebtedness or Guarantee permitted to be incurred or made by it under Article VI, the Acquisition Agreement, the Transactions, the other agreements contemplated by the Acquisition Agreement and the other agreements contemplated hereby and thereby, (v) financing activities, including any public offering of its common stock or any other issuance or registration of its Equity Interests for sale or resale not prohibited by this Agreement, including the costs, fees and expenses related thereto including the formation of one or more “shell” companies to facilitate any such offering or issuance, (vi) any transaction that Holdings or any Intermediate Holdings is permitted to enter into or consummate under Article VI (including, but not limited to, the making of any Restricted Payment permitted by Section 6.08 or holding of any cash or Permitted Investments received in connection with Restricted Payments made in accordance with Section 6.08 pending application thereof in the manner contemplated by Section 6.04, the incurrence of any Indebtedness permitted to be incurred by it under Section 6.01 and the making of (and activities as necessary to consummate) any Investment permitted to be made by it under Section 6.04), (vii) incurring fees, costs and expenses relating to overhead and general operating including professional fees for legal, tax and accounting issues and paying taxes, (viii) providing indemnification to officers and directors and as otherwise permitted in Section 6.09, (ix) activities as necessary to consummate and Permitted Acquisition or any other Investment permitted hereunder, (x) activities incidental to the consummation of the Transactions, (xi) activities reasonably incidental to the consummation of an IPO, including the IPO Reorganization Transactions and (xii) activities incidental to the businesses or activities described in clauses (i) to (xi) of this paragraph.

  • TENANT'S COVENANTS The Tenant covenants with the Landlord:

  • Pledgor’s Covenants The Pledgor represents, covenants and warrants that unless compliance is waived by the Bank in writing:

  • Borrower’s Covenants 3.1 As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:

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