Reservation of Rights to Franchisor Sample Clauses

Reservation of Rights to Franchisor. (a) Franchisor may also acquire, develop, operate, licence and franchise other types of retail locations which may involve the distribution and sale of similar products and services but which operate under different trade marks and which may be located anywhere including nearby to the Approved Retail Locations and within the Franchised Territory, and in particular Franchisor may establish a lower-priced brand of athletic apparel intended for mall-based dedicated retail stores, and Franchisor shall incur no liability to Franchisee in connection therewith. (b) Franchisor may go public, or be acquired by or merge with a competing business which may involve the distribution and sale of similar products and services under different trade marks and which may have locations anywhere including nearby to the Approved Retail Locations and within the Franchised Territory, and Franchisor shall incur no liability to Franchisee in connection therewith. (c) Notwithstanding any other provision of this Agreement, Franchisor may itself or through an affiliate acquire, develop, operate, licence or franchise any form of business anywhere which is not specifically granted, franchised and licensed to Franchisee under this Agreement; and it may do so under the same, a similar or a different trade-mxxx; and any such form of business may be competitive with the franchised business but operate under a different trade-mxxx; and if any such business uses the same or a similar trade-mxxx, Franchisor will act in a commercially reasonable manner in the exercise of such rights and will endeavour through such use of the same or a similar trade mxxx to enhance the overall public recognition and goodwill thereof, and Franchisor shall incur no liability to Franchisee in connection therewith. Franchisor or its affiliates shall not operate, license or franchise any business which would be competitive with the franchised business within the Focus Area Exclusive Zone as set forth in Schedule “C” during the first twelve (12) months of the Initial Term of this Agreement.
Sample 1
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Reservation of Rights to Franchisor. Master Franchisee acknowledges that the rights granted hereunder are nonexclusive and Franchisor (on behalf of itself, its affiliates, and designees) retains the right in its sole discretion (and without compensation or obligation whatsoever to Master Franchisee unless specifically set forth herein): (a) to use, and to license others to use, the Marks and Licensed Methods for the operation of other Master Franchise Businesses at any location outside of the Territory; and (b) to solicit prospective Franchisees and to grant other persons franchises to operate Fitness Together Personal Training Studios at such locations within and outside of the Territory and on such terms and conditions as Franchisor deems appropriate and to itself own and operate such Fitness Together Personal Training Studios within the Territory (subject to its obligation to compensate Master Franchisee, as set forth in Section 6.5).
Sample 1
Reservation of Rights to Franchisor. AD acknowledges that the rights granted by this Agreement are nonexclusive, and Franchisor (and its affiliates and designees) retains the right (without compensation or obligation whatsoever to AD unless specifically set forth): (a) to contract with "Segment Specialists" to allow Segment Specialists to perform Site Services in the Territory, in which case AD shall not be required to perform and, to the extent not performed, shall not be compensated for any Site Services, as set forth in Section 6. A "Segment Specialist" means a person with whom Franchisor contracts to perform all or a portion of the Site Services for particular QUIZNO'S Restaurants to be located at sites within the Territory, such as malls or nontraditional sites such as airports, universities, medical facilities, and the like. Segment Specialists, such as mall consultants and others with special experience in locating and negotiating access to sites, may be used in order to facilitate the site selection process in specialized segments that are difficult to obtain by area directors. Franchisor reserves the right to determine when to use a Segment Specialist;
Sample 1
Reservation of Rights to Franchisor. (a) Franchisor may also acquire, develop, operate, licence and franchise other types of retail locations which may involve the distribution and sale of similar products and services but which operate under different trade marks and which may be located anywhere including nearby to the Approved Retail Locations and within the Franchised Territory, and in particular Franchisor may establish a higher-priced or lower-priced brand of apparel similar in design and composition to the Oqoqo Products and Franchisor shall incur no liability to Franchisee in connection therewith. (b) In the second (2nd) year of the initial term of this Agreement Franchisor or its principals shall have the right to purchase all assets located at or used in the operation of the Franchise Store and the entire equity ownership of Franchisee. Upon written notice of the exercise of such right or option from Franchisor, Franchisee shall sell the Franchised Store to Franchisor at a price determined as set for in schedule 4(b)(i). The closing of the sale of the assets of the Franchised Store or the equity of Franchisee, as the case may be, shall be completed on or before the sixtieth (60th) day following receipt by Franchisee of such notice, or on such other day as the parties reasonably agree. The purchase price payable by Franchisor to Franchisee pursuant to this paragraph shall be paid in 24 equal and consecutive monthly payments commencing on the closing of the sale and of the Franchisee’s Franchise and thereafter on the first day of each month until paid in full. (i) Buy-out price for the initial term is as follows: Year one (I) $500,000 plus 100% of Additional Amounts Year two (2) $400,000 plus 100% of Additional Amounts Year three (3) $300,000 plus 100% of Additional Amounts Year four (4) $200,000 plus 100% of Additional Amounts Year five (5) and any subsequent terms - $100,000 plus 100% of Additional Amounts (c) Notwithstanding any other provision of this Agreement, Franchisor may itself or through an affiliate acquire, develop, operate, licence or franchise any form of business anywhere which is not specifically granted, franchised and licensed to Franchisee under this Agreement; and it may do so using a similar or a different trade-mxxx; and any such form of business may be competitive with the franchised business but operate under a different trade-mxxx; and if any such business uses a similar trade-mxxx, Franchisor will act in a commercially reasonable manner in the exercise of su...
Sample 1

Related to Reservation of Rights to Franchisor

  • Reservation of Rights NYISO and Connecting Transmission Owner shall have the right to make unilateral filings with FERC to modify this Agreement with respect to any rates, terms and conditions, charges, classifications of service, rule or regulation under section 205 or any other applicable provision of the Federal Power Act and FERC’s rules and regulations thereunder, and Developer shall have the right to make a unilateral filing with FERC to modify this Agreement pursuant to section 206 or any other applicable provision of the Federal Power Act and FERC’s rules and regulations thereunder; provided that each Party shall have the right to protest any such filing by another Party and to participate fully in any proceeding before FERC in which such modifications may be considered. Nothing in this Agreement shall limit the rights of the Parties or of FERC under sections 205 or 206 of the Federal Power Act and FERC’s rules and regulations thereunder, except to the extent that the Parties otherwise mutually agree as provided herein.

  • Reservation of Right Not to Sell The Fund reserves the right to refuse at any time or times to sell any of its shares of beneficial interest (“shares”) hereunder for any reason deemed adequate by it.

  • Reservation of Right to Hold In some cases, we will not make all of the funds that you deposit by check available to you on the same business day that we receive your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. However, the first $225 of your deposit will be available on the first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

  • Reservation of Right to Revise Structure Buyer may at any time change the method of effecting the business combination contemplated by this Agreement if and to the extent that it deems such a change to be desirable; provided, however, that no such change shall (a) alter or change the amount of the consideration to be issued to holders of Company Common Stock as merger consideration as currently contemplated in this Agreement, (b) reasonably be expected to materially impede or delay consummation of the Merger, (c) adversely affect the federal income tax treatment of holders of Company Common Stock in connection with the Merger, or (d) require submission to or approval of the Company’s shareholders after the plan of merger set forth in this Agreement has been approved by the Company’s shareholders. In the event that Buyer elects to make such a change, the parties agree to execute appropriate documents to reflect the change.

  • RESERVATION OF RIGHTS AND OWNERSHIP PFU or its suppliers own the title, copyright, and other intellectual property rights in the Software. The Software is protected by copyright and other intellectual property laws and treaties. Except as expressly stated herein, this XXXX does not grant you any intellectual property rights in the Software. All rights not expressly granted are reserved by PFU and its suppliers.

  • Preservation of Rights No delay or omission of the Lenders or the Administrative Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the making of a Loan notwithstanding the existence of a Default or the inability of the Borrower to satisfy the conditions precedent to such Loan shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not preclude other or further exercise thereof or the exercise of any other right, and no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in writing signed by the Lenders required pursuant to Section 8.2, and then only to the extent in such writing specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall be available to the Administrative Agent and the Lenders until the Obligations have been paid in full.

  • Preservation of Rights to Amend Except as set forth in this Agreement, the rights of each member of the Parent Group and each member of the SpinCo Group to amend, waive, or terminate any plan, arrangement, agreement, program, or policy referred to herein shall not be limited in any way by this Agreement.

  • Modification of Rights The rights of the Optionee are subject to modification and termination in certain events as provided in this Option Agreement and the Plan.

  • Expiration of Rights The Rights will expire on the earliest of (a) 5:00 p.m., New York City time, on December 30, 2021 (b) the time at which the Rights are redeemed (as described in Section 6 below), and (c) the time at which the Rights are exchanged in full (as described in Section 7 below).

  • Amendment of Rights The terms of the Rights generally may be amended by the Board of Directors of the Company without the consent of the holders of the Rights, except that from and after such time as the Rights are distributed no such amendment may adversely affect the interests of the holders of the Rights (excluding the interest of any Acquiring Person).

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