Lease of Centre Sample Clauses

Lease of Centre. Promptly following Franchisee’s receipt of acceptance, Franchisee shall proceed to negotiate a lease or purchase agreement for the site to which the acceptance relates. The Franchisor shall not unreasonably withhold its approval to the Franchisee’s review of a lease or purchase agreement or, any advice or recommendation offered by the Franchisor shall not constitute a representation or guarantee that the Franchisee will succeed at the Centre nor constitute an expression of the Franchisor's opinion regarding the terms of such lease or purchase agreement. The Franchisor shall be entitled to require that nothing therein contained is contradictory to or likely to interfere with the Franchisor's rights or the Franchisee's duties under this Agreement. A proposed lease shall include, among other items, the following terms and conditions: (a) The premises shall be used solely for the operation of a
Sample 1
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Lease of Centre. Promptly following Franchisee’s receipt of acceptance, Franchisee shall proceed to negotiate a lease or purchase agreement for the site to which the acceptance relates. The Franchisor shall not unreasonably withhold its approval to the Franchisee’s review of a lease or purchase agreement or, any advice or recommendation offered by the Franchisor shall not constitute a representation or guarantee that the Franchisee will succeed at the Centre nor constitute an expression of the Franchisor's opinion regarding the terms of such lease or purchase agreement. The Franchisor shall be entitled to require that nothing therein contained is contradictory to or likely to interfere with the Franchisor's rights or the Franchisee's duties under this Agreement. A proposed lease shall include, among other items, the following terms and conditions: (a) The premises shall be used solely for the operation of a Centre; (b) The lessor shall consent to Franchisee’s use of such proprietary marks and signage as Franchisor may prescribe for a Centre; (c) Franchisor shall have the option to assume all of Franchisee’s rights under the lease, including the right to assign or sublease, for all or any span of the remaining term of the lease, upon Franchisee’s default or termination under such lease or under the Franchise Agreement. Concurrently with the execution of the lease, Franchisee shall execute a conditional assignment assigning all Franchisee’s rights under the lease to Franchisor upon such termination of the lease or the applicable Franchise Agreement; (d) A provision requiring the lessor to provide the Franchisor with a copy of any written notice of deficiency sent by the lessor to the Franchisee and granting to the Franchisor in its sole discretion and sole option the right (but not the obligation) to cure any deficiency under the lease should the franchisee fail to do so within fifteen (15) days after the expiration of the period in which the franchisee may cure the default; (e) A provision allowing the Franchisor upon expiration or termination of the lease, to enter the premises and remove any signs containing the trade marks.
Sample 1

Related to Lease of Centre

  • Lease of Premises Landlord hereby demises and leases to Tenant for the Term of this Lease and upon the terms and conditions hereinafter set forth, and Tenant hereby accepts from Landlord, the Premises.

  • Use and Possession of Certain Premises Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

  • Construction of Certain Phrases (a) For purposes of this Agreement, references to the “Company” shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. (b) For purposes of this Agreement, references to “other enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants, or beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement.

  • Construction of certain terms In this Agreement:

  • Name of Building Tenant shall not use the name of the Building for any purpose other than as the address of the business conducted by Tenant in the Premises without the written consent of Landlord. Landlord reserves the right to change the name of the Building at any time in its sole discretion by written notice to Tenant and Landlord shall not be liable to Tenant for any loss, cost or expense on account of any such change of name.

  • Notice to Centrelink Where a decision has been made to terminate the employment of employees, the employer shall notify Centrelink thereof as soon as possible giving relevant information including the number and categories of the employees likely to be affected and the period over which the terminations are intended to be carried out.

  • Building Name Landlord reserves the right at any time and from time to time to change the name by which the Building is designated.

  • BUILDING NAME AND ADDRESS Tenant shall not utilize any name selected by Landlord from time to time for the Building and/or the Project as any part of Tenant's corporate or trade name. Landlord shall have the right to change the name, address, number or designation of the Building or Project without liability to Tenant.

  • Project or Building Name and Signage Landlord shall have the right at any time to change the name of the Project or Building and to install, affix and maintain any and all signs on the exterior and on the interior of the Project or Building as Landlord may, in Landlord’s sole discretion, desire. Tenant shall not use the name of the Project or Building or use pictures or illustrations of the Project or Building in advertising or other publicity or for any purpose other than as the address of the business to be conducted by Tenant in the Premises, without the prior written consent of Landlord.

  • RELOCATION OF PREMISES Landlord shall have the right to relocate the Premises to another part of the Building in accordance with the following: (a) The new premises shall be substantially the same in size, dimensions, configuration, decor and nature as the Premises described in this Lease, and if the relocation occurs after the Commencement Date, shall be placed in that condition by Landlord at its cost. (b) Landlord shall give Tenant at least thirty (30) days written notice of Landlord’s intention to relocate the Premises. (c) As nearly as practicable, the physical relocation of the Premises shall take place on a weekend and shall be completed before the following Monday. If the physical relocation has not been completed in that time, Base Rent shall axxxx in full from the time the physical relocation commences to the time it is completed. Upon completion of such relocation, the new premises shall become the “Premises” under this Lease. (d) All reasonable costs incurred by Tenant as a result of the relocation shall be paid by Landlord. (e) If the new premises are smaller than the Premises as it existed before the relocation, Base Rent shall be reduced proportionately or Tenant has the option to terminate the Lease Agreement. (f) The parties hereto shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if any.

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