Examples of Franchise Rights in a sentence
Franchise Rights The Company’s only significant identifiable intangible assets, other than goodwill, are rights under franchise agreements with manufacturers.
The Corporation pays a continuing monthly royalty of 3.5% of the gross sales in relation to the Franchise Rights and PUPS and purchases storage containers and certain PUPS related equipment from CPFI.
No agreements exist to sell, assign, lease, or license, any of Seller’s Assets except those listed and described on Schedule 4.5. No person other than Seller owns, is a party to or has any interest in any of the Franchise Agreement or Franchise Rights or any other agreement or instrument with the Purchaser or any Affiliate of the Purchaser which conveys franchise rights, area development rights or other similar rights with regard to the development of Xxxx’x Xxxxx Steak House restaurants.
Without limiting the generality of the foregoing, the Borrower shall, and shall cause each Subsidiary to, maintain at all times in full force and effect all Franchise Rights necessary to the ownership, operation and development of all franchised restaurant business conducted, or contemplated to be conducted, by the Borrower and such Subsidiaries, except with respect to Voluntary Store Closings and except with respect to any Applebee's Spinoff.
The Corporation pays a continuing monthly royalty of 3.5% of the gross sales in relation to the Franchise Rights for PUPS and purchases storage containers and certain PUPS related equipment from CPFI.