No Further Right to Payment Sample Clauses

No Further Right to Payment. Upon termination or expiration of this Agreement, the Marketer forfeits all fees paid to the Franchisor and remains liable to the Franchisor for all amounts due to the Franchisor on the date of termination or expiration. The Marketer shall have no further right to receive payment of commissions or Service Fees from the Franchisor, except for those commissions or Service Fees which have been fully earned by the Marketer up through the date of such termination or expiration. For purposes of this Agreement, "fully earned" commissions shall mean commissions due on franchise sales for which all conditions described in Section 6.1 of this Agreement have been met or fulfilled for the purchase of a franchise for a PAK MAIL Center to be located within the Territory by the Marketer. "Fully earned" Service Fees shall mean those Service Fees which accrue up through the date of termination which are otherwise owed to the Marketer. The Franchisor shall have the right to immediately assume control of and manage all franchise sales in the Territory and to receive all Service Fees from Franchisees in the Territory. Any fully earned commissions or Service Fees which are due to the Marketer will be paid by the Franchisor in accordance with the provisions of Article 6 of this Agreement.
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No Further Right to Payment. 23 17.7. Continuing Obligations.....................................23 17.8. State and Federal Law......................................23
Sample 1
No Further Right to Payment. Upon expiration or termination of this Agreement, AD forfeits all fees paid to Franchisor and remains liable to Franchisor for all amounts then due to Franchisor. AD shall have no further right to receive payment of commissions or Royalty Fees from Franchisor, except for those commissions or Royalty Fees which have been fully earned by AD up through the date of expiration or termination. For purposes of this Agreement, "fully earned" commissions shall mean commissions due on franchise sales for which all conditions described in Section 6.1 have been fulfilled by AD for the purchase of a franchise for a QUIZNO'S Restaurant to be located within the Territory. "Fully earned" Royalty Fees shall mean those Royalty Fees which accrue up through the date of expiration or termination which are otherwise owed to AD. Franchisor shall have the right immediately to assume control of and manage all franchise sales in the Territory and to receive all Royalty Fees from Franchisees in the Territory. Any fully earned commissions or Royalty Fees which are due to AD will be paid in accordance with the provisions of Section 6.
Sample 1
No Further Right to Payment. Upon termination of this Agreement, Master Franchisee forfeits all fees paid to Franchisor and remains liable to Franchisor for all amounts due to Franchisor on the date of termination. Master Franchisee shall have no further right to receive payment of commissions or Royalty Fees from Franchisor, except for those commissions or Royalty Fees which have been fully earned by Master Franchisee up through the date of such termination and except for those commissions described in Section 6.6, if applicable. For purposes of this Agreement, "fully earned" commissions shall mean commissions due on franchise sales for which all conditions described in Section 6.1 have been met or fulfilled for the purchase of a franchise for a Fitness Together Personal Training Studio to be located within the Territory by Master Franchisee. "Fully earned" Royalty Fees shall mean those Royalty Fees which accrue up through the date of termination which are otherwise owed to Master Franchisee. Franchisor shall have the right to immediately assume control of and manage all franchise sales in the Region and to receive all Royalty Fees from Franchisees in the Territory. Any fully earned commissions or Royalty Fees which are due to Master Franchisee will be paid by Franchisor in accordance with the provisions of Section 6.
Sample 1

Related to No Further Right to Payment

  • No Further Rights After payment of the full amount of the liquidating distributions to which they are entitled, the General Partner, as holder of the Series A Preferred Units, will have no right or claim to any of the remaining assets of the Partnership.

  • No Further Liability The liability of the Company, its Affiliates and its Subsidiaries under this Agreement is limited to the obligations set forth herein and no terms or provisions of this Agreement shall be construed to impose any liability on the Company, its Affiliates, its Subsidiaries or the Committee in favor of any person or entity with respect to any loss, cost, tax or expense which the person or entity may incur in connection with or arising from any transaction related to this Agreement.

  • No Further Obligations Except as expressly provided above or as otherwise required by law, the Company will have no obligations to Employee in the event of the termination of this Agreement for any reason.

  • No Further Representations Except for the representations and warranties specifically set forth in this Article 3, neither it nor its Subsidiaries nor any other person makes or shall be deemed to make any representation or warranty to the other party, express or implied, at law or in equity, with respect to the transactions contemplated by this Agreement and it hereby disclaims any such representation or warranty whether by it or any of its officers, directors, employees, agents, representatives or any other person. It acknowledges and agrees that, except for the representations and warranties specifically set forth in this Article 3, neither the other party nor its Subsidiaries makes or shall be deemed to make any representation or warranty to it, express or implied, at law or in equity, with respect to the transactions contemplated by this Agreement.

  • No Further Changes 2.1 Other than the specific amendment agreed upon herein, all other terms of the Employment Agreement shall remain unchanged, shall be in full force and effect, and shall govern this Amendment.

  • No Further Obligation Except for the obligation to make the Capital Contribution required to be made by Section 4.1, the Member shall not have any obligation to provide funds to the Company, whether by Capital Contributions, loans, return of monies received pursuant to the terms of this Agreement or otherwise.

  • No Further Liability; Release In the event of Executive's termination of employment, payment made and performance by the Company in accordance with this Section 10 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives from any further obligation or liability with respect to Executive's rights under this Agreement. Other than payment and performance under this Section 10, the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to Executive or any other person under this Agreement in the event of Executive's termination of employment. The Company shall have the right to condition the payment of any severance or other amounts pursuant to this Section 10 upon the delivery by Executive to the Company of a release in the form satisfactory to the Company releasing any and all claims Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement.

  • No Further Ownership Rights All Merger Consideration paid upon the surrender for exchange of the Certificates representing Shares in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such Shares and, after the Effective Time, there shall be no further registration of transfers on the transfer books of the Surviving Corporation of the Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article II, subject to applicable Law in the case of Appraisal Shares.

  • No Further Modification Except as set forth in this Amendment, all of the terms and provisions of the Lease shall remain unmodified and in full force and effect.

  • No Further Adjustment Upon any such conversion, no adjustment to the Conversion Price shall be made for any declared but unpaid dividends on the Preferred Stock surrendered for conversion or on the Common Stock delivered upon conversion.

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