Organization of Franchisee Sample Clauses

Organization of Franchisee. 33 19. TAXES, PERMITS, AND INDEBTEDNESS...........................35 20.
Sample 1
AutoNDA by SimpleDocs
Organization of Franchisee. 18.1 If Franchisee is a corporation, Franchisee shall comply with the following requirements:
Sample 1
Organization of Franchisee. 18.1 If Franchisee is a corporation, Franchisee shall comply with the following requirements: 18.1.1 Franchisee's charter or organizational documents shall at all times provide that its activities are confined exclusively to developing and operating Bruegger's Fresh Bagel Bakeries and/or bagel dough manufacturing sites; provided, however that such restriction shall automatically terminate at the time Franchisee (or its parent or successor) files a registration statement with the Securities and Exchange Commission covering sales of its shares to the public. 18.1.2 Franchisee shall promptly furnish to Franchisor copies of its articles of incorporation, bylaws, and other governing documents, and any amendments thereto, including the resolution of Franchisee's board of directors authorizing entry into this Agreement. 18.1.3 Until or unless Franchisee or its parent or success corporation begins offering its shares for sale to the public pursuant to a registration statement filed with the Securities and Exchange Commission, Franchisee shall maintain stop-transfer instructions against the transfer on its records of any equity securities. Each stock certificate of Franchisee shall conspicuously display on its face the following printed legend: The transfer of ownership of shares represented by this certificate is subject to the terms and conditions of an Agreement with Bruegger's Franchise Corporation. Reference is made to the provisions of the Agreement and to the Articles and Bylaws of the Corporation. 18.1.4 Until such time as Franchisee issues securities pursuant to a Public Offering (as defined in Section 14.3.3) in accordance with the terms of this Agreement, Franchisee shall maintain a current list of all owners of record and all beneficial owners of any class of voting securities of Franchisee and shall furnish the list to Franchisor upon request. 18.1.5 If Franchisee began operating a Bakery at the Approved Location before the execution of this Agreement, then, notwithstanding the foregoing Sections 18.1.1 and 18.1.3, Franchisee shall not be in violation of this Agreement so long as Franchisee limits it activities exclusively to developing and operating Bakeries and restricts the transfer of its shares of stock to only those transfers authorized by this Agreement.
Sample 1
Organization of Franchisee. 34 20.TAXES, PERMITS, AND INDEBTEDNESS...........................................35 21.
Sample 1
Organization of Franchisee 
Sample 1Sample 2Sample 3See All (10)

Related to Organization of Franchisee

  • Organization of Company The Company, a corporation duly organized, validly existing and in good standing under the laws of the State of Illinois and the Company is legally qualified to transact business in Illinois. The Company has full power and authority to own or lease and to operate and use its assets and to carry on its business at the Project. There is no pending or threatened proceeding for the dissolution, liquidation, insolvency, or rehabilitation of the Company.

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Organization of the Buyer The Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Organization of Borrower With respect to each Mortgage Loan, in reliance on certified copies of the organizational documents of the Borrower delivered by the Borrower in connection with the origination of such Mortgage Loan, the Borrower is an entity organized under the laws of a state of the United States of America, the District of Columbia or the Commonwealth of Puerto Rico. Except with respect to any Crossed Mortgage Loan, no Mortgage Loan has a Borrower that is an Affiliate of another Borrower under another Mortgage Loan. (An “Affiliate” for purposes of this paragraph (39) means, a Borrower that is under direct or indirect common ownership and control with another Borrower.)

  • Organization, etc The Purchaser has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to execute and deliver this Agreement and to perform the terms and provisions hereof.

  • Organization of Seller The Seller is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Organizational Existence Except as otherwise permitted by Section 3.6, each Credit Party will and will cause its Subsidiaries to at all times preserve and keep in full force and effect its organizational existence and all rights and franchises material to its business.

  • Incorporation and Organization The Corporation has been incorporated or formed, as the case may be, is organized and is a valid and subsisting corporation or partnership, as the case may be, under the laws of its jurisdiction of existence and has all requisite corporate power and capacity to carry on its business as now conducted or proposed to be conducted and to own or lease and operate the property and assets thereof.

  • Organization of Buyer Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Organization of the Trust AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!