Opt-Out Application-Franchise Fee Sample Clauses

Opt-Out Application-Franchise Fee. For any given period of time after the Effective Date of this Franchise Agreement, that Grantor elects to Opt-Out of the Distribution Fund, or has already elected prior to the Effective Date to Opt-Out of the Distribution Fund, then Grantor shall be entitled to receive, and Grantee shall pay to Grantor, Franchise Fee payments pursuant to Article II, Section 10.A (Franchise Fee) and Article II, Section D.1 (Payment of Franchise Fee) of this Franchise Agreement, and all provisions of said Section 10.D.1 shall be operative, provided Grantee shall have ninety (90) days after the Grantor gives notice of its Opt- Out or Opt-In election to begin or to cease collecting and remitting such Franchise Fee payments. However, for any period of time that Xxxxxxx has elected to Opt-In the Distribution Fund, then the provisions of Section 10.D.1 (Payment of Franchise Fee) do not apply.‌‌
Sample 1
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Related to Opt-Out Application-Franchise Fee

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Definitions For purposes of this Agreement:

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Waiver The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other or subsequent breach.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Governing Law THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

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