Common use of Rights Upon Expiration Clause in Contracts

Rights Upon Expiration. At the end of the initial term hereof the Franchisee shall have the option to renew its franchise rights for one additional ten year term, by acquiring successor franchise rights, if the Franchisor does not exercise its right not to offer a successor franchise in accordance with Section 17.5 below and if the Franchisee: a. At least 30 days prior to expiration of the term, executes the form of Franchise Agreement then in use by the Franchisor; b. Has complied with all provisions of this Agreement during the current term, including the payment on a timely basis of all Royalties and other fees due hereunder. “Compliance” shall mean, at a minimum, that the Franchisee has not received any written notification from the Franchisor of breach hereunder more than four times during the term hereof;

Rights Upon Expiration. At the end of the initial term hereof the Franchisee shall have the option to renew its franchise rights for one additional ten year term, by acquiring successor franchise rights, if the Franchisor does not exercise its right not to offer a successor franchise in accordance with Section 17.5 below and if the Franchisee: a. At least 30 days prior to expiration of the term, executes the form of Franchise Agreement then in use by the Franchisor; b. Has complied with all provisions of this Agreement during the current term, including the payment on a timely basis of all Royalties and other fees due hereunder. “Compliance” "COMPLIANCE" shall mean, at a minimum, that the Franchisee has not received any written notification from the Franchisor of breach hereunder more than four times during the term hereof;

Rights Upon Expiration. At the end of the initial term hereof the Franchisee shall have the option to renew its franchise rights for one two additional ten year termterms of FIVE years each, by acquiring successor franchise rights, if the Franchisor does not exercise its right not to offer a successor franchise in accordance with Section 17.5 17.4 below and if the Franchisee: a. (a) At least 30 days prior to expiration of the term, executes the form of Franchise Agreement then in use by the Franchisor; b. (b) Has complied with all provisions of this Agreement during the current term, including the payment on a timely basis of all Royalties and other fees due hereunder. “"Compliance” " shall mean, at a minimum, that the Franchisee has not received any written notification from the Franchisor of breach hereunder more than four times during the term hereof;

Rights Upon Expiration. At the end of the initial term hereof the Franchisee shall have the option to renew its franchise rights for one two additional ten five year termterms, by acquiring successor franchise rights, if the Franchisor does not exercise its right not to offer a successor franchise in accordance with Section 17.5 17.4 below and if the Franchisee: a. (a) At least 30 days prior to expiration of the term, executes the form of Franchise Agreement then in use by the Franchisor; b. (b) Has complied with all provisions of this Agreement during the current term, including the payment on a timely basis of all Royalties and other fees due hereunder. “"Compliance” " shall mean, at a minimum, that the Franchisee has not received any written notification from the Franchisor of breach hereunder more than four times during the term hereof;