Common use of Ownership and Management of Business Clause in Contracts

Ownership and Management of Business. The Marketer's Business shall at all times be under the direct, day-to-day, full-time supervision of the Marketer (or, if the Marketer is a partnership, corporation, limited liability company or other entity, the Principal Owner who shall have been approved by the Franchisor and who shall have satisfactorily completed the Franchisor's training program). The Marketer shall at all times during the term of this Agreement own and control the Business authorized hereunder. Upon the request of the Franchisor, the Marketer shall promptly provide satisfactory proof of such ownership. The Marketer represents that the Statement of Ownership, attached to this Agreement as Exhibit V and incorporated herein by reference, is true, complete, accurate and not misleading. The Marketer shall promptly provide the Franchisor with written notification if the information contained in the Statement of Ownership changes at any time during the term of this Agreement and shall comply with the applicable transfer provision contained in Article 15 of this Agreement. If the Marketer is not an individual, an individual or individuals designated by the Franchisor shall execute the Guaranty and Assumption of Marketer's Obligations attached hereto as Exhibit IV and incorporated herein by reference.

Ownership and Management of Business. The Marketer's Business shall at all times be under the direct, day-to-day, full-time supervision of the Marketer (or, if the Marketer is a partnership, corporation, limited liability company or other entity, the Principal Owner who shall have been approved by the Franchisor and who shall have satisfactorily completed the Franchisor's training program). The Marketer shall at all times during the term of this Agreement own and control the Business authorized hereunder. Upon the request of the Franchisor, the Marketer shall promptly provide satisfactory proof of such ownership. The Marketer represents that the Statement of Ownership, attached to this Agreement as Exhibit V and incorporated herein by reference, is true, complete, accurate and not misleading. The Marketer shall promptly provide the Franchisor with written notification if the information contained in the Statement of Ownership changes at any time during the term of this Agreement and shall comply with the applicable transfer provision contained in Article 15 of this Agreement. If the Marketer is not an individual, an individual or individuals designated by the Franchisor shall execute the Guaranty and Assumption of Area Marketer's Obligations attached hereto as Exhibit IV and incorporated herein by reference.

Ownership and Management of Business. The Marketer's Business shall at all times be under the direct, day-to-day, full-time supervision of the Marketer (or, if the Marketer is a partnership, corporation, limited liability company or other entity, the Principal Owner who shall have been approved by the Franchisor and who shall have satisfactorily completed the Franchisor's training program). The Marketer shall at all times during the term of this Agreement own and control the Business authorized hereunder. Upon the request of the Franchisor, the Marketer shall promptly provide satisfactory proof of such ownership. The Marketer represents that the Statement of Ownership, attached to this Agreement as Exhibit V IV and incorporated herein by reference, is true, complete, accurate and not misleading. The Marketer shall promptly provide the Franchisor with written notification if the information contained in the Statement of Ownership changes at any time during the term of this Agreement and shall comply with the applicable transfer provision contained in Article 15 of this Agreement. If the Marketer is not an individual, an individual or individuals designated by the Franchisor shall execute the Guaranty and Assumption of Area Marketer's Obligations attached hereto as Exhibit IV III and incorporated herein by reference.