Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of the written notice to approve or disapprove in writing, of the Franchisee’s proposed transfer, which approval shall not be unreasonably withheld. The Franchisee acknowledges that the proposed transferee shall be evaluated for approval by the Franchisor based on the same criteria as is currently being used to assess new franchisees of the Franchisor and that the Franchisor shall provide such proposed transferee, if appropriate, with such disclosures as may be required by state or federal law. If the Franchisee and its proposed transferee comply with all conditions for transfer set forth herein and the Franchisor has not given the Franchisee notice of its approval or disapproval within such period, approval is deemed granted.
Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of the written notice to approve or disapprove in writing, of the Marketer's proposed transfer. Written notice shall mean and include all documentation necessary to evaluate the transferee. The Marketer acknowledges that the proposed transferee shall be evaluated for approval by the Franchisor based on the same criteria as is currently being used to assess new marketers of the Franchisor and that the proposed transferee shall be provided, if appropriate, with such disclosures as may be required by state or federal law.
Franchisor's Approval of Transfer. Franchisor has thirty (30) days from the date of the written notice to approve or disapprove, in writing, Franchisee's proposed transfer (assuming the conditions specified in Section 16.2 above have been satisfied). Franchisee acknowledges that the proposed transferee shall be evaluated by Franchisor based on the same criteria as those currently being used to assess new franchisees and that the proposed transferee shall be provided with such disclosures required by state or federal law. Franchisor may review all information regarding the Restaurant that Franchisee gives the transferee, and Franchisor may give the transferee copies of any reports that Franchisee has given Franchisor or Franchisor has made regarding the Restaurant.
Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of the written notice of the proposed transfer to approve or disapprove in writing, of the Franchisee's proposed transfer. The Franchisee acknowledges that the proposed transferee shall be evaluated for approval by the Franchisor based on the same criteria as is currently being used to assess new franchisees of the Franchisor and that such proposed transferee shall be provided, if appropriate, with such disclosures as may be required by state or federal law. The Franchisor shall have the right to approve the material terms and conditions of the transfer, including, without limitation, the right to confirm that the price and terms of payment are not so burdensome as to affect adversely the transferee's operation of the Center. If the Franchisee (and/or the transferring owners) finance any part of the sale price of the transferred interest, if any, unless waived in writing by the Franchisor, the Franchisee and/or its owners must agree that all obligations of the transferee under or pursuant to any promissory notes, agreements or security interests reserved by the Franchisee or its owners in the assets of the Center or the Franchised Location shall be subordinate to the transferee's obligations to pay royalty fees, Advertising Contributions and other amounts due to the Franchisor and its affiliates and to otherwise comply with this Agreement. If the Franchisee and the proposed transferee comply with all conditions for assignment set forth herein and the Franchisor has not given the Franchisee notice of its approval or disapproval within the 30 day period, approval is deemed granted.
Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of the written notice to approve or disapprove in writing, of the Franchisee’s proposed transfer, which approval shall not be unreasonably withheld, delayed or conditioned, other than as set forth in this Agreement. The Franchisee acknowledges that the proposed transferee shall be evaluated for approval by the Franchisor based on the same criteria as is currently being used to assess new franchisees of the Franchisor and that the Franchisor shall provide such proposed transferee, if appropriate, with such disclosures as may be required by state or federal law. If the Franchisee and its proposed transferee comply with all conditions for transfer set forth herein and the Franchisor has not given the Franchisee notice of its approval or disapproval within such period, approval is deemed granted.
Franchisor's Approval of Transfer. Franchisor has thirty (30) days from the date of the written notice to approve or disapprove in writing AD's proposed transfer. Written notice shall mean and include all documentation necessary to evaluate the transferee. AD acknowledges that the proposed transferee shall be evaluated for approval by Franchisor based on the same criteria as are currently being used to assess new area directors of Franchisor and that such proposed transferee shall be provided, if appropriate, with such disclosures required by state or federal law. Franchisor may review all information regarding the Business that AD gives the transferee and give the transferee copies of any reports that AD has given Franchisor or Franchisor has made regarding the Business.
Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of notice from the Master Franchisee to approve or disapprove of the Master Franchisee's proposed assignment. The Master Franchisee acknowledges that the Franchisor may withhold approval of a proposed assignment or proposed transferee for any justifiable business reason, including without limitation, the transferee's financial capability or its suitability to act as the Franchisor's special agent in the Territory. Master Franchisee acknowledges that the transferee shall be evaluated based on Franchisor’s then current standards for Master Franchisees. If the Master Franchisee and its proposed transferee comply with all conditions for assignment set forth herein and the Franchisor has not given the Master Franchisee notice of its approval or disapproval within such period, approval is deemed granted.
Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of the written notice to approve or disapprove in writing, of the Franchisee's proposed assignment. The Franchisee acknowledges that the proposed transferee shall be evaluated for approval by the Franchisor based on the same criteria as is currently being used to assess new franchisees of the Franchisor and that such proposed transferee shall be provided, if appropriate, with such disclosures as may be required by state or federal law. If the Franchisee and its proposed transferee comply with all conditions for assignment set forth herein and the Franchisor has not given the Franchisee notice of its approval or disapproval within such period, approval is deemed granted.
Franchisor's Approval of Transfer. The Franchisor has thirty (30) days from the date of notice from the Master Franchisee to approve or disapprove the Master Franchisee's proposed assignment. The Master Franchisee acknowledges that the Franchisor may withhold approval of a proposed assignment or proposed transferee for any commercially reasonable cause, including without limitation, the transferee's financial capability or its suitability to act as the Franchisor's special agent in the Master Franchise Area, irrespective of how such financial capability or suitability compares to that of the Master Franchisee. If the Master Franchisee and its proposed transferee comply with all conditions for assignment set forth herein and the Franchisor has not given the Master Franchisee notice of its approval or disapproval within such period, approval is deemed granted. This paragraph 12.2 shall not apply if the proposed transferee is owned or controlled by at least 51% of the original shareholders of the Master Franchisee and the transaction is made for purposes of fiscal consolidation in accordance with applicable Mexican law.
