Area Development Agreements definition

Area Development Agreements means all development agreements for Stores pursuant to which a Franchisee, developer or other Person obtains the rights to develop (in order to operate as a Franchisee) one or more Stores within a designated geographical area.
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Area Development Agreements shall have the meaning set forth in Section 3.9(a).
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Area Development Agreements has the meaning specified in Section 2.13(a) of this Agreement.
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Examples of Area Development Agreements in a sentence

  • You must be in full compliance with all your obligations under any and all Franchise Agreements and Area Development Agreements executed between you and us.

  • Subject to the Managing Standard and the terms of the Indenture, the Manager shall have the authority, on behalf of the Franchisor, to grant or withhold consents of the “franchisor” required under the Franchise Agreements and Area Development Agreements held by the Franchisor.

  • Franchisor and Area Developer have entered into a Termination Agreement which terminated their December 30, 1997 and July 6, 2000 Area Development Agreements (hereinafter, together with all amendments thereto, collectively referred to as “Old Agreements”).

  • The Land Use By-law is amended by deleting the number “2.3” and replacing it with “2A.9” from the following clause (b), of Section Fairview Area- Development Agreements, Reconstruction – Non-conforming Commercial Use .

  • For Area Development Agreements, depending on your experience and qualifications, we may impose requirements that include but are not limited to the experience and qualifications of the operating management of your stores.

  • Franchise Fees and Royalties: The Company sells exclusive rights to develop Cucos restaurants in designated territories (Area Development Agreements), as well as individual franchises for each restaurant.

  • The Area Development Agreements call for a nonrefundable fee paid to the Company in exchange for territorial exclusivity.

  • A total of 168 franchise restaurants are either open or under signed Area Development Agreements.

  • As a result of that Asset Purchase Agreement, PCPA claims that it acquired the right to enforce MHF’s Franchise Agreements and Area Development Agreements, including the agreements with the defendants here.

  • You and each entity that is controlled by, controlling or under common control with you (collectively, “your Affiliate”) must be in material compliance with all other agreements to which we and/or our affiliates are a party (including, without limitation, the Franchise Agreements and any other Area Development Agreements).


More Definitions of Area Development Agreements

Area Development Agreements means all development agreements for Stores pursuant to which a Franchisee, developer or other Person obtains the rights to develop (in order to operate as a Franchisee) one or more Stores within a designated geographical area. “Asset Disposition Collections” has the meaning set forth in Section 8.16 of the Base Indenture. “Asset Disposition Proceeds” means, with respect to any disposition of property by a Securitization Entity, other than dispositions resulting in Asset Disposition Collections, the excess, if any, of (i) the sum of cash and cash equivalents received in connection with such disposition (including any cash or cash equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) over (ii) the sum of (A) the principal amount of any Indebtedness that is secured by the applicable property and that is required to be repaid in connection with such disposition (other than Indebtedness under the Notes) to the extent such principal amount is actually repaid, (B) the reasonable and customary out-of-pocket expenses incurred by the Securitization Entities in connection with such disposition and (C) income Taxes reasonably estimated to be actually payable within two (2) years of such disposition as a result of any gain recognized in connection therewith. “Asset Disposition Proceeds Account” means the account maintained in the name of the Master Issuer, into which the Manager is required to cause Asset Disposition Proceeds to be deposited pursuant to Section 5.11(g) of the Base Indenture or any successor account established for the Master Issuer by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.2(b) of the Base Indenture. “Asset Disposition Reinvestment Period” has the meaning specified in Section 5.11(g) of the Base Indenture. “Authorized Officer” means, with respect to (i) any Securitization Entity, any officer who is authorized to act for such Securitization Entity in matters relating to such Securitization Entity, including an Authorized Officer of the Manager authorized to act on behalf of such Securitization Entity; (ii) Planet Fitness Holdings, in its individual capacity and in its capacity as the Manager, any officer who is authorized to act for Planet Fitness Holdings or any other officer of P...
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Related to Area Development Agreements

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Development Agreement has the meaning set forth in the Recitals.

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Redevelopment Agreement means an agreement between the

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Design Development Documents means the Drawings, Specifications and other documents prepared by the Trade Contractor that establish and describe the size and character of the Trade Contractor Work as to architectural, civil, structural, mechanical and electrical systems, graphics and signage, and other elements, and which include typical construction details, equipment layouts and specifications that identify major materials and systems.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Development Consent means the consent granted to the Development Application for the Development and includes all modifications made under section 4.55 of the Act.

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Collaboration Agreement has the meaning set forth in the Recitals.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co-ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Development Area means that area to which a development plan is applicable.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development begins to be carried out other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Collaborative agreement means a voluntary, written, or electronic arrangement between one

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Strategic Alliance Agreement means the Strategic Alliance Agreement among the Company, Ciba-Geigy Limited and Ciba-Geigy Corporation, dated as of September 29, 1995, as amended, and any of their respective permitted successors or assigns thereunder. 160 Annex A NOTICE OF GRANT PERFORMANCE ACCELERATED RESTRICTED STOCK UNITS HEXCEL CORPORATION INCENTIVE STOCK PLAN The following employee of Hexcel Corporation, a Delaware corporation (Hexcel) or a Subsidiary, has been granted performance accelerated restricted stock units in accordance with the terms of this Notice of Grant and the Agreement to which this Notice of Grant is attached. The terms below shall have the meanings ascribed to them below when used in the Agreement. ---------------------------------------------------- -------------------------- Grantee ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Address of Grantee ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Employee Number ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Employee ID Number ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Foreign Sub Plan, if applicable ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Grant Date December 2, 1999 ---------------------------------------------------- -------------------------- ---------------------------------------------------- -------------------------- Aggregate Number of PARS Granted ---------------------------------------------------- --------------------------

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Collaborative practice agreement means a written agreement

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Cluster development means a contiguous cluster or