Common use of Transfer of Franchise Clause in Contracts

Transfer of Franchise. Franchisee may not sell, assign, dispose of, or transfer in any manner whatsoever any interest in this Franchise or in the Facilities authorized by this Agreement, or any part of the Facilities, without prior written approval of City, which approval will not be unreasonably withheld. The City may impose reasonable conditions on any such approval, including but not limited to the requirement that the transferee acknowledge in writing and agree to be bound by the terms of this Agreement. City has the right to collect from Franchisee City’s actual administrative costs associated with processing a transfer request, including the cost of ascertaining the financial responsibility of the proposed transferee. Use of Franchisee’s Facilities by third parties shall not constitute an assignment or transfer of privileges for purposes of this Agreement.

Transfer of Franchise. Franchisee may shall not sell, assign, dispose of, lease or transfer in any manner whatsoever any interest in this Franchise Agreement or in the Facilities authorized by this AgreementFranchise, or any part of the Facilities, without prior written approval consent of City, which approval will consent shall not be unreasonably withheld. The City may impose reasonable conditions on its approval of any such approvaltransfer, including but not limited to the requirement that the transferee acknowledge in writing and agree to be bound by the terms of this Agreement. City has shall have the right to collect from Franchisee City’s actual administrative costs associated with processing a transfer request, including the cost of ascertaining the financial responsibility of the proposed transferee. Use of Franchisee’s Facilities by third parties shall not constitute an assignment or transfer of privileges for purposes of this Agreement.