Termination of Franchise. Any franchise agreement in which the Borrowers, or any of them, are a party shall have been terminated or not renewed for any reason without the prior written consent of the Administrative Agent or the Borrowers, or any of them, shall have been notified that Buffalo Wild Wings or Bagger Dave’s intends either to terminate or not renew its franchise.
Termination of Franchise. A. If at any time City believes Grantee may not be adequately performing its obligations under this Agreement, City may request from Grantee written assurances of performance and a written plan to correct observed deficiencies in Xxxxxxx's performance if written notice of the same is provided by City. Failure to provide written assurances constitutes a separate ground to declare a default under this Agreement.
B. Grantee shall be in default of this Agreement and City may, in addition to any other legal or equitable remedies available to City, terminate the Grantee’s right to perform under the Franchise:
1. Should Grantee make a general assignment for the benefit of creditors, admit in writing its inability to pay its debts as they become due, file a voluntary petition in bankruptcy, be adjudged bankrupt or insolvent, file a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future statute, law, or regulation, filing any answer admitting or not contesting the material allegations of a petition filed against Grantee in any such proceeding, or seek, consent to, or acquiesce in, the appointment of any trustee, receiver, custodian or liquidator of Grantee or of all or any substantial part of the properties of Grantee, or if Grantee, its directors or shareholders, take action to dissolve or liquidate Grantee; or
2. Should Grantee commit a material breach of this Agreement and not cure such breach within ten (10) calendar days of the date of notice from City to Grantee demanding such cure; or, if such failure is curable but not curable within such ten (10) day period, within such period of time as is reasonably necessary to accomplish such cure. (In order for Grantee to avail itself of this time period in excess of 10 calendar days, Grantee must provide City within the 10 day period a written plan acceptable to City to cure said breach, and then diligently commence and continue such cure according to the written plan); or
Termination of Franchise. NFN shall use its best efforts to enter into an agreement with the City whereby, in the event of the termination of the Franchise for any reason, the City will agree to honor, and will cause (i) any subsequent holder or holders of the Franchise, or (ii) any entity that purchases substantially all of NFN's hard assets to honor, this Agreement. NFN agrees to use its best efforts to enter into such an agreement with the City within six months after commencement of the Initial Term.
Termination of Franchise. If the legal representative of Franchisee and all surviving shareholders, partners, or members of a business entity do not comply with the provisions of this Section 12.5 or do not propose a transferee acceptable to BRCB under the standards set forth in this Agreement, all rights licensed to Franchisee under this Agreement will immediately terminate and automatically revert to BRCB. BRCB will have the right and option, exercisable upon such termination, to purchase the building, fixtures, equipment, and supplies and inventory at a price to be agreed upon by the parties or, if no agreement as to the price is reached by the parties, at such price as may be determined by the appraisal process described in Section 15.7 of this Agreement. BRCB will give notice of its intent to exercise the option no later than twenty-one (21) days before termination.
Termination of Franchise. 8 4.3 Refund of Initial Fee.......................................9
Termination of Franchise. The Secretary of State shall at the end of the Franchise Period ensure that the Franchisee has no liability for any deficit in the Franchise Sections (other than for contributions due and payable by the Franchisee to the Franchise Sections for any period prior to the end of the Franchise Term) and shall have no right to benefit from any surplus which may exist in the Franchise Sections. For the avoidance of doubt, this paragraph 6 shall apply where the Franchise Services are either aggregated or disaggregated (for example, as a result of remapping).
Termination of Franchise. The City shall, at is sole discretion, have the right to terminate this franchise agreement without cause upon one hundred eighty
Termination of Franchise. E & C will have the right to terminate this Agreement at any time within one hundred twenty (120) days after the date of this Agreement if: (a) any required or other financial, personal or other information provided by the Franchisee to E & C is materially false, misleading, incomplete or inaccurate; (b) the Franchisee has not purchased or leased a site for the Franchised Location or has done so in a manner not in compliance with Article 2.4 and Article 11 of this Agreement; (c) the Franchisee fails to apply for and obtain a valid license for the service of food for its Alamo Grill-TM- Restaurant from the appropriate governmental agencies; (d) the Franchisee fails to apply for and obtain a valid liquor license for its Alamo Grill-TM- Restaurant from the ELEPHANT & CASTLE INTERNATIONAL, INC. 5 GTM/LEH/JAW 042199 ALAMO GRILL FRANCHISE AGREEMENT 475250.5 appropriate governmental authorities; or (e) the Franchisee (or its Operating Partner), the Franchisee's General Manager and the Franchisee's Chef fail to complete the training program described in Article 16.1 of this Agreement.
Termination of Franchise. E & C will have the right to terminate this Agreement at any time within one hundred twenty (120) days after the date of this Agreement if: (a) any required or other financial, personal or other information provided by the Franchisee to E & C is materially false, misleading, incomplete or inaccurate; (b) the Franchisee has not purchased or leased a site for the Franchised Location or has done so in a manner not in compliance with Article 2.4 and Article 11 of this Agreement; (c) the Franchisee fails to apply for and obtain a valid license for the service of food for its Alamo Grill-TM- Restaurant from the appropriate governmental agencies; (d) the Franchisee fails to apply for and obtain a valid liquor license for its Alamo Grill-TM- Restaurant from the appropriate governmental authorities; or (e) the Franchisee (or its Operating Partner), the Franchisee's General Manager and the Franchisee's Chef fail to complete the training program described in Article 16.1 of this Agreement.
Termination of Franchise. Elephant & Castle will have the right to terminate this Agreement at any time within one hundred twenty (120) days after the date of this Agreement if: (a) any required or other financial, personal or other information provided by the Franchisee to Elephant & Castle is materially false, misleading, ELEPHANT & CASTLE INTERNATIONAL, INC. 15 GTM/RCA 032999 FRANCHISE AGREEMENT F-78 426304 9 incomplete or inaccurate; (b) the Franchisee has not purchased or leased a site for the Franchised Location or has done so in a manner not in compliance with Article 2.4 and Article 11 of this Agreement; (c) the Franchisee fails to apply for and obtain a valid license for the service of food for its Elephant & Castle-Registered Trademark-Restaurant from the appropriate governmental agencies; (d) the Franchisee fails to apply for and obtain a valid liquor license for its Elephant & Castle-Registered Trademark-Restaurant from the appropriate governmental authorities; or (e) the Franchisee (or its Operating Partner), the Franchisee's General Manager and the Franchisee's Chef fail to complete the Elephant & Castle training program described in Article 16.1 of this Agreement.
