REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE FRANCHISEE AND GUARANTOR Sample Clauses

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE FRANCHISEE AND GUARANTOR. 1.1 Each Franchisee and Guarantor represents and warrants that (i) each of the Franchise Agreements and BKL Leases are in full force and effect; (ii) to the best of their knowledge, there are no material defaults by BKC under any of the Franchise Agreements or BKL Leases and no event has occurred which, with the passage of time or the giving of notice, would constitute a material default by BKC under any of the Franchise Agreements or BKL Leases; (iii) they will continue to perform all obligations under those agreements; and (iv) the obligations of the Guarantor under the Guaranties are unaffected by this Agreement.
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