The Franchise Sample Clauses

The Franchise. Subject to the provisions of this AGREEMENT, SHOPPE COMPANY hereby grants FRANCHISEE the personal, limited right and license (the "FRANCHISE") to, during the TERM, operate the SHOP, at the SHOP PREMISES, in association with the MARKS, and in compliance with the SYSTEM STANDARDS.
Sample 1Sample 2
AutoNDA by SimpleDocs
The Franchise. Tenant acknowledges and agrees that Landlord and TeamCo have executed and delivered the Non-Relocation Agreement, that the same is in full force and effect in accordance with its terms, and that Tenant shall take no action to cause TeamCo to breach its obligations under the Non-Relocation Agreement.
Sample 1Sample 2
The Franchise. We have the exclusive right to license and franchise a concept and system (the “Hotel System”) associated with the establishment and operation of hotels under the name “HYATT® PLACE” and other Proprietary Marks (defined below) (collectively, “Hyatt Place Hotels”). Before signing this Agreement, you read our Uniform Franchise Offering Circular and independently investigated and evaluated the risks of investing in the hotel industry generally and acquiring a Hyatt Place Hotel franchise specifically. Following your investigation and recognizing the benefits that you may derive from being identified with the Hotel System, you wish to enter into this Agreement to obtain a franchise to use the Hotel System to operate a Hyatt Place Hotel located at ___________, ___________, ________(the “Hotel”).
Sample 1
The Franchise. 1 2 (e) On a non-exclusive basis, and to the extent transferable, copies of all (i) books, records and other financial information reflecting the operation of the Project; (ii) the preliminary, final and proposed building plans and specifications respecting the Project that are described on Exhibit C; and (iii) the appraisals, structural reviews, architectural drawings and other documents and engineering, soils, seismic, geologic and architectural reports, studies, certificates and other documents pertaining to the Project which are described on Exhibit C ("Reports and Plans"); and
Sample 1
The Franchise. RIGHTS, TERM, RENEWAL, AND FEES
Sample 1
The Franchise. 7 4. INFORMATION REQUIRED/RECEIVED FROM GRANTEE 7 5. GRANT OF FRANCHISE 7 Consistency with Federal and State Laws (7); General Ordinances (8) 6. DURATION 8 Term (8); Renewal (9) 7. USE OF STREETS 9 8. SYSTEM UPGRADE 12 9. REMOVAL 14 10. RIGHT OF GRANTORS TO PURCHASE THE SYSTEM 15 SERVICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 11. UNIVERSAL SERVICE 16 Line Extension Policy (16) 12. GENERAL REQUIREMENTS 16 Repairs (17); Emergency Alert System (17) 13. CUSTOMER SERVICE 18 FCC Standards (18); Customer information (18); Grantee Rules (18); Local business office (18); 24-hour service (18); Prompt repair (18); Equipment maintenance (19); Deposits (19); Disconnection (19); Security deposit (19); Refunds (19); Late fees (20) 14. TECHNICAL STANDARDS 20 Color, Stereo, and VIT Signals (21) 15. COMMUNITY, EDUCATIONAL AND GOVERNMENTAL ACCESS 21 Grantee use of Unused Access Channel (21); Support for Use of Access (22) 16. SERVICE TO GRANTORS 22 17. PROGRAMMING 23 REGULATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 18. REGULATION OF THE FRANCHISE 23 19. TRANSFERS 24 20. BOND 25 21. INDEMNIFICATION 25 22. INSURANCE 26 23. REPORTS 27 Contemporaneous reports (27); Annual Report (27); Special reports (28) 24. RATES 28 Promotional rates (28) 25. FRANCHISE FEES 29 26. RECEIVERSHIP AND FORECLOSURE 30 27. ENFORCEMENT 31 Termination (31); Liquidated Damages (32); Forbearance (33); Force Majeure (33)
Sample 1

Related to The Franchise

  • Grant of Franchise The start date may be in the future. The possibility to terminate depends on the franchise you are offering. Clearly, you cannot terminate on a whim when your Franchisee has spent large sums in setting up and may have taken a lease of ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Franchisee A “franchisee” is a retailer or distributor who is authorized or permitted, under a franchise, to use a trademark in connection with the sale, consignment, or distribution of motor fuel.

  • Franchise Matters (i) Comply in all material respects with all of its material obligations under the Franchise Agreements to which it is a party; (ii) appear in and defend any action challenging the validity or enforceability of any Franchise Agreement, except for such actions which, individually or in the aggregate, have not had and could not reasonably be expected to result in a Material Adverse Effect; (iii) give prompt notice to the Collateral Agent of (A) any written notice of default given by such Loan Party under any Franchise Agreement with respect to any Franchisee-operated Franchised Locations that generates more than $350,000 in revenues for the Loan Parties in the last Fiscal Year of the Loan Parties, (B) any written notice by a Franchisee with respect to any Franchisee-operated Franchised Locations that generates more than $350,000 in revenues for the Loan Parties in the last Fiscal Year of the Loan Parties that terminates or threatens to terminate such Franchise Agreement or withhold any payments under such Franchise Agreement, together with a copy or statement of any information submitted or referenced in support of such notices and any reply by the Loan Party or its Subsidiary, and (C) any notice or other communication received by it in which any other party to any Franchise Agreement declares a breach or default by a Loan Party or Subsidiary of any material term under such Franchise Agreement; (iv) provide Franchisees and prospective Franchisees with a Franchise Disclosure Document or other disclosure statement of similar import as required by 16 C.F.R. 436, and (v) promptly upon any material amendment, revision or modification (except for any new, modified, terminated or expired Franchise Agreement in the ordinary course of business) to the information on Schedule 6.01(q), deliver an updated Schedule 6.01(q) to the Collateral Agent.

  • Franchise Agreements The Franchise Agreements are in full force and effect and there is no default thereunder by any party thereto and no circumstance, condition or event has occurred that, with the passage of time and/or giving of notice, would constitute a default thereunder or entitle Franchisor to terminate any Franchise Agreement. All franchise fees, reservation fees, royalties, marketing fees and other sums and payable due under the Franchise Agreements have been paid in full or are current. A true, correct and complete copy of the Franchise Agreements, together with all amendments and ancillary agreements or side letters related thereto, have been delivered to Lender. The Loan, and the encumbrance of the Properties as security for the Loan, will not cause Borrower to violate any financial covenants contained in any Franchise Agreement.

  • Franchise Agreement (a) Except as provided in this Agreement, the Properties shall at all times be operated in accordance with the terms and conditions of the Franchise Agreements. Borrower shall, or shall cause Operating Lessee to cause Manager to, (i) pay all sums required to be paid by Borrower, Operating Lessee and/or Manager under the Franchise Agreements, (ii) diligently perform, observe and enforce all of the terms, covenants and conditions of the Franchise Agreements, (iii) promptly deliver to Lender a copy of any written notice to Borrower or Operating Lessee of any default by Borrower, Operating Lessee and/or Manager under the Franchise Agreements and notify Lender of any material default under the Franchise Agreements of which it is aware, (iv) promptly deliver to Lender a copy of any written notice to Franchisor of any default by Franchisor under the Franchise Agreements, (v) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditure plan, notice of non-performance, report and estimate (a) received by Borrower or Operating Lessee under the Franchise Agreements and (b) required to be delivered by Borrower, Operating Lessee and/or Manager to Franchisor under the Franchise Agreements, (vi) complete all work required under any PIP on or prior to the Outside Date, (vii) not modify or amend the Franchise Agreements to the extent such modification or amendment could reasonably be expected to have a Material Adverse Effect, and (viii) except as provided in clause (b) below not terminate, cancel, or replace the Franchise Agreements, nor replace the Franchisor, nor waive or release any of its rights and remedies under the Franchise Agreements in any material respect, without Lender’s prior written consent. Each request by Borrower for approval and consent by Lender pursuant to this Section 5.25 shall be in writing and contain a legend in capitalized bold letters on the top of the cover page stating: “LENDER’S RESPONSE IS REQUESTED WITHIN TEN (10) BUSINESS DAYS. LENDER’S FAILURE TO RESPOND WITHIN SUCH TIME PERIOD SHALL RESULT IN LENDER’S CONSENT BEING DEEMED TO HAVE BEEN GRANTED” and Borrower shall include the following documentation with such request all materials reasonably necessary in order for Lender to evaluate such matter. In the event that Lender fails to grant or withhold its approval and consent to such matter within such ten (10) Business Day period (and, in the case of a withholding of consent, stating the grounds therefor in reasonable detail), then, so long as no Event of Default is continuing, Lender’s approval and consent shall be deemed to have been granted. There shall be no administrative or approval fee in connection with this Section 5.25(a), but Borrower shall pay any out-of-pocket costs and expenses incurred by Lender.

  • Franchise Fees Lessee will maintain in full force and effect, and pay or cause to be paid all fees and other charges payable pursuant to, any Franchise Agreement with respect to the Hotel.

  • PERMITS, FRANCHISES Borrower possesses, and will hereafter possess, all permits, consents, approvals, franchises and licenses required and rights to all trademarks, trade names, patents, and fictitious names, if any, necessary to enable it to conduct the business in which it is now engaged in compliance with applicable law.

  • Corporate Franchises The Borrower will do, and will cause each of its Subsidiaries to do, or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its material rights, franchises and authority to do business; provided, however, that any transaction permitted by Section 8.02 will not constitute a breach of this Section 7.05.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!