Franchise Restaurants definition
Examples of Franchise Restaurants in a sentence
A list of the Franchise Restaurants, Franchisees and Franchise Agreements is set forth on attached Schedule 3.22.1, and except as set forth in Schedule 3.22.1, there are no pending or granted, and to Seller's or Eateries' Knowledge, no claims of any Person to any, rights to develop ▇▇▇▇▇▇'▇ Mexican restaurants in any other domestic or international markets.
Manager shall provide assistance to Owner in providing any and all services of the franchisor/licensor to the Franchise Restaurants, including, without limitation, marketing, menu and promotions, accounting support, and personnel training.
At Closing but effective the Closing Date, Eateries shall transfer, assign and convey to Buyer, and Buyer shall assume, pursuant to the Assignment of Franchise Agreements (including any license agreements), all of Eateries' right, title and interest in and to the Franchise Agreements pertaining to the Franchise Restaurants, as set forth in Schedule 3.22.1, free and clear of all liens, security interests, and encumbrances.
However, given that the construction and appearance of Franchise Restaurants is critical to the continued success and viability of the System, Franchisee agrees that Franchisor will have absolute discretion in making such decision and Franchisee agrees to accept any of Franchisor's decisions as final.
In such capacity, the Partner shall be charged with the general supervision, operation, growth (at a rate not less than twenty-two (22) new Domestic Franchise Restaurants each Fiscal Year [hereinafter defined]) and management of the Concept including, without limitation, those objectives set forth on the Strategic Plan attached as Exhibit A hereto.
If Vistar fails or is unable to provide sufficient service from its other Distribution Centers, Company, with respect to its affected Company Restaurants, and affected Franchisees, with respect to their Franchise Restaurants shall be entitled to obtain Products from other distributors for the duration of the Force Majeure Event.
The remodels of the Wilmington, Delaware; Greenville, South Carolina; and Davenport, Iowa, Franchise Restaurants have been undertaken and completed in a good and workmanlike manner and all known defects or deficiencies of workmanship, materials or otherwise in respect of such remodelled Franchise Restaurants have been remedied.
As used in this Agreement, "annual salary" shall mean, at any time, the annual rate of salary then payable to the Officer pursuant to this Section 5(a) (before deduction of any amounts deferred under any deferred compensation plan of the Bank, any voluntary contributions to a 401(k) plan of the Bank, or any other deductions from income) and shall be exclusive of bonuses, incentive compensation or other compensation or benefits paid to or accrued for the Officer other than pursuant to this Section 5(a).
The shipment of and pricing for all partial case shipments (also known as "splits") shall be subject to the mutual agreement of Company (in the case of shipments to Company Restaurants) or the affected Franchisee (in the case of shipments to Franchise Restaurants).
Vistar will be entitled to conduct annual reviews of records of all Company Restaurants and of each Franchise Restaurant upon not less than twenty (20) days prior written notice to Company (with respect to records of Company Restaurants) or the affected Franchisee (with respect to records of Franchise Restaurants) to the extent required to verify compliance with the Minimum Purchase Requirements of this Letter Agreement.