Common use of Unsatisfied Judgments; Levy; Foreclosure Clause in Contracts

Unsatisfied Judgments; Levy; Foreclosure. If any material judgment (or several judgments which in the aggregate are material) is obtained against the Franchisee and remains unsatisfied or of record for 30 days or longer (unless a supersedeas or other appeal bond has been filed); or if execution is levied against the Franchisee’s business or any of the property used in the operation of the ROCKY MOUNTAIN CHOCOLATE FACTORY Store and is not discharged within five days; or if the real or personal property of the Franchisee’s business shall be sold after levy thereupon by any sheriff, marshal or constable;

Appears in 5 contracts

Samples: Franchise Agreement (Rocky Mountain Chocolate Factory Inc), Franchise Agreement (Rocky Mountain Chocolate Factory Inc), Franchise Agreement (Rocky Mountain Chocolate Factory Inc)

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Unsatisfied Judgments; Levy; Foreclosure. If any material judgment (or several judgments which in the aggregate are material) is obtained against the Franchisee and remains unsatisfied or of record for 30 days or longer (unless a supersedeas or other appeal bond has been filed); or if execution is levied against the Franchisee’s 's business or any of the property used in the operation of the ROCKY MOUNTAIN CHOCOLATE FACTORY Store and is not discharged within five days; or if the real or personal property of the Franchisee’s 's business shall be sold after levy thereupon by any sheriff, marshal or constable;

Appears in 2 contracts

Samples: Franchise Agreement (Rocky Mountain Chocolate Factory Inc), Franchise Agreement (Rocky Mountain Chocolate Factory Inc)

Unsatisfied Judgments; Levy; Foreclosure. If any material judgment (or several judgments which in the aggregate are material) is obtained against the Franchisee and remains unsatisfied or of record for 30 days or longer (unless a supersedeas or other appeal bond has been filed); or if execution is levied against the Franchisee’s business or any of the property used in the operation of the ROCKY MOUNTAIN CHOCOLATE FACTORY «FRANCHISOR’S XXXX» Store and is not discharged within five days; or if the real or personal property of the Franchisee’s business shall be sold after levy thereupon by any sheriff, marshal or constable;

Appears in 1 contract

Samples: Franchise Agreement

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Unsatisfied Judgments; Levy; Foreclosure. If any material judgment (or several judgments which in the aggregate are material) is obtained against the Franchisee and remains unsatisfied or of record for 30 days or longer (unless a supersedeas or other appeal bond has been filed); or if execution is levied against the Franchisee’s business or any of the property used in the operation of the ROCKY MOUNTAIN CHOCOLATE FACTORY «FRANCHISOR’S MARK» Store and is not discharged within five days; or if the real or personal property of the Franchisee’s business shall be sold after levy thereupon by any sheriff, marshal or constable;

Appears in 1 contract

Samples: Franchise Agreement

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