Loss of Franchise. Licensee shall be in breach of this Agreement if at any time Licensee loses its operating authority, whether as a result of an action by any appropriate governmental entity, applicable law, or otherwise, to use the public streets or highways.
Loss of Franchise. This Agreement shall terminate automatically without any further liability on the part of the Company in the event the Company’s franchise with the Franchise Authority or any renewal thereof ceases to be in effect.
Loss of Franchise. Borrower loses any franchise, permission, license or right to sell or deal in any Collateral manufactured by OMC, Brunswick, and/or Genmar or any of their Subsidiaries and does not replace the manufacturers with product lines a person with knowledge of the marine industry would consider reasonable.
