Common use of Transfer to Affiliates Clause in Contracts

Transfer to Affiliates. Franchisor may Transfer this Agreement to any of its Affiliates that assumes Franchisor’s obligations to Franchisee and is reasonably capable of performing Franchisor’s obligations, without prior notice to, or consent of, Franchisee.

Appears in 4 contracts

Samples: Franchise Agreement (Moody National REIT II, Inc.), Franchise Agreement (Moody National REIT I, Inc.), Franchise Agreement (Moody National REIT II, Inc.)

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Transfer to Affiliates. Franchisor may Transfer this Agreement to any of its Affiliates that assumes assume Franchisor’s obligations to Franchisee Owner and is reasonably capable of performing Franchisor’s obligations, without prior notice to, or consent of, FranchiseeOwner.

Appears in 3 contracts

Samples: Franchise Agreement (Moody National REIT II, Inc.), Franchise Agreement (Moody National REIT I, Inc.), Franchise Agreement (Moody National REIT II, Inc.)

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