Franchise Assets means the property, rights and liabilities designated as such pursuant to paragraph 1 of Schedule 14.4 (Designation of Franchise Assets) but excluding such property, rights or liabilities as shall, in accordance with the terms of the Franchise Agreement, cease to be so designated;
Franchise Assets means, with respect to the Franchise Holder, (a) the Contributed Franchise Agreements and all Franchisee Payments thereon; (b) the Contributed Development Agreements and all Franchisee Payments thereon; (c) the New Franchise Agreements and all Franchisee Payments thereon; (d) the New Development Agreements and all Franchisee Payments thereon; (e) all rights to enter into New Franchise Agreements and New Development Agreements; (f) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged, or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to the Franchise Holder under the Franchise Agreements or the Development Agreements and all guarantees of such obligations and the rights evidenced by or reflected in the Franchise Agreements or the Development Agreements; and (g) all payments, proceeds and accrued and future rights to payment on the items described in clauses (a) through (f).
Franchise Assets means, with respect to the Franchisor, (A) the Contributed Franchise Agreements, the Contributed Securitized Authorized Vendor Contracts, the Contributed Area Development Agreements, and all Royalty Payments, Vendor Commissions and Other Franchisee Payments payable thereunder or in respect thereof; (B) the New Franchise Agreements, New Securitized Authorized Vendor Contracts, the New Area Development Agreements and all Royalty Payments, Vendor Commissions and Other Franchisee Payments payable thereunder or in respect thereof; (C) all rights to enter into New Franchise Agreements, New Securitized Authorized Vendor Contracts and New Area Development Agreements; (D) all Webjoin Fees and Payment Processor Rebates; and (E) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged, or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to the Franchisor under the Franchise Agreements, Securitized Authorized Vendor Contracts or the Area Development Agreements, as applicable, and all guarantees of such obligations and the rights evidenced by or reflected in the Franchise Agreements, Securitized Authorized Vendor Contracts or the Area Development Agreements, as applicable. “Franchise Documents” means all Franchise Agreements (including master franchise agreements and related service or license agreements), Area Development Agreements and
Examples of Franchise Assets in a sentence
Additionally, I find this claim to be remote and beyond the contemplation of Hay River when it chose to exercise its option to acquire the Franchise Assets from NUL.
The transaction to be finalized by way of the PSA is more akin to a normal commercial transaction as the Franchise had terminated by its terms and the act of Hay River, in exercising its option to purchase the Franchise Assets, was not arbitrary or unfair in any way to NUL; that very possibility having been clearly set forth in the Act and in the Franchise Agreement itself which provided Hay River with that option.
However, the Commission noted some differences between China and the rest of the world.
The plans for mobilisation should be consistent with this requirement.In relation to the Great Western franchise specifically, it should be noted that some Class143 trains are Primary Franchise Assets and are therefore not secured via ROSCO leases.
Notwithstanding the contents of such schedule, DLRL or its representatives may at any time carry out any condition audits in relation to the Franchise Assets or audits of compliance by the Franchisee with its obligations in relation to management and maintenance of the Franchise Assets.
More Definitions of Franchise Assets
Franchise Assets means, (i) the Contributed Franchise Agreements and all Franchisee Payments thereon; (ii) the Contributed Development Agreements and all Franchisee Payments thereon; (iii) the New Franchise Agreements and all Franchisee Payments thereon; (iv) the New Development Agreements and all Franchisee Payments thereon; (v) all rights to enter into New Franchise Agreements and New Development Agreements; (vi) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged, or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to such Franchise Entity under the Franchise Agreements or the Development Agreements and all guarantees of such obligations and the rights evidenced by or reflected in the Franchise Agreements or the Development Agreements, in each case together with all payments, proceeds and accrued and future rights to payment thereon.
Franchise Assets means the property, rights and liabilities designated as such pursuant to paragraph 1 of Schedule 14.4 (Designation of Franchise Assets) but excluding such property, rights or liabilities as shall, in accordance with the terms of the Franchise Agreement, cease to be so designated; Franchise Commencement Date means the date and, where relevant, the time stated in the Certificate of Commencement as being the date on which (and, where relevant, the time at which) the Franchisee is to commence operating the Franchise Services;
Franchise Assets means collectively, (x) with respect to Taco Bxxx Franchisor, (i) all New Franchise Agreements for Branded Restaurants in the Securitization Jurisdiction and all Franchisee Payment Amounts thereon; (ii) all rights to enter into New Franchise Agreements for Branded Restaurants in the Securitization Jurisdiction; (iii) the Franchisee Notes, if any, with respect thereto; (iv) the Company-Owned Restaurant Master Franchise Agreements; and (v) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to Taco Bxxx Franchisor under its Franchise Agreements and all guarantees of such obligations and the rights evidenced by or reflected in such Franchise Agreements, including, without limitation, with respect to any Future Brand developed or acquired after the Original Closing Date and contributed to a Securitization Entity, and (y) with respect to Franchise Holder, (i) all Contributed Franchise Agreements and all Franchisee Payment Amounts thereon; (ii) the Franchisee Notes, if any, with respect thereto; and (iii) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to Franchise Holder under its Franchise Agreements and all guarantees of such obligations and the rights evidenced by or reflected in such Franchise Agreements, together, in each case, with all payments, proceeds and accrued and future rights to payment thereon.
Franchise Assets means collectively, with respect to each Franchisor (i) all Contributed Franchise Agreements and Contributed Development Agreements and all Franchisee Payment Amounts thereon; (ii) all New Franchise Agreements and New Development Agreements and all Franchisee Payment Amounts thereon, (iii) all rights to enter into New Franchise Agreements and New Development Agreements for Branded Locations; (iv) the Franchisee Notes, if any; and (v) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to the Franchisors under their respective Franchise Agreements and Development Agreements and all guarantees of such obligations and the rights evidenced by or reflected in such Franchise Agreements and Development Agreements, together, in each case, with all payments, proceeds and accrued and future rights to payment thereon.
Franchise Assets means, with respect to each Franchise Entity, (a) the Franchisee Notes and the Equipment Leases; and (b)(i) the Contributed Franchise Agreements and all Franchisee Payments thereon; (ii) the Contributed Development Agreements and all Franchisee Payments thereon; (iii) the New Franchise Agreements and all Franchisee Payments thereon; (iv) the New Development Agreements and all Franchisee Payments thereon; (v) all rights to enter into New Franchise Agreements and New Development Agreements; and (vi) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged, or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to such Franchise Entity under the Franchise Agreements or the Development Agreements and all guarantees of such obligations and the rights evidenced by or reflected in the Franchise Agreements or the Development Agreements, in each case together with all payments, proceeds and accrued and future rights to payment thereon.
Franchise Assets means the property, rights and liabilities
Franchise Assets has the meaning specified in the Indenture, provided, however, as used herein (other than in Section 4.5(b) hereof or where the term "Franchise Assets" is preceded by the word "Canadian"), "Franchise Asset" shall only refer to "Franchise Assets" located in the United States.