Franchise Approval Period definition

Franchise Approval Period shall have the meaning assigned thereto in SECTION 3.4(a).
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Examples of Franchise Approval Period in a sentence

  • If the Buyer does not elect to terminate, to the extent permitted, on or before the expiration of the Franchise Approval Period, the ▇▇▇▇▇▇▇ Money shall remain non-refundable, except as otherwise expressly set forth in this Agreement, and the Buyer’s obligation to purchase the Property shall be conditional only as otherwise provided in accordance with the terms of this Agreement.

  • For avoidance of doubt, the additional New Franchise Approval Period shall not result in any extension of either Purchaser’s Due Diligence Contingency, the Due Diligence Period or the Closing Date.

  • If Purchaser fails to deliver to Seller and Escrow Agent a written notice of termination on or before the expiration of the Franchise Approval Period, Purchaser shall (x) no longer have any right to terminate this Agreement pursuant to this Section 6.3(b), and (y) be required to proceed with the transaction contemplated hereby.