Franchised Unit definition

Franchised Unit. Franchised Business" or "Restaurant") at one location only, such location to be described as: Store Number: --------------------------------- Address: --------------------------------- --------------------------------- --------------------------------- --------------------------------- upon the terms and conditions herein contained and subject to the terms and conditions contained in the development agreement between Franchisor and Franchisee, dated , (the "Development Agreement"), which is incorporated herein by reference; and a license to use in connection therewith Franchisor's Proprietary Marks and the Chesapeake Bagel Bakery System.
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Franchised Unit. Franchised Business" or "Restaurant") at one location only, such location to be described as: Store Number:
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Franchised Unit means any restaurant to be operated by the Master Franchisee's franchisees. SECOND PARAGRAPH - The Master Franchisee may also develop partnerships with investors to open stores under the joint venture system, provided that all conditions set forth herein concerning operation of a BOB'S unit are duly maintained. LIFE OF THE AGREEMENT, NUMBER OF STORES TO BE OPENED AND TERM FOR OPENING THE BOB'S STORES.
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Examples of Franchised Unit in a sentence

  • Part (b) of Schedule 5.21 sets forth a complete and accurate list of all Franchised Unit Locations franchised by any Loan Party or any Subsidiary of a Loan Party as Franchisor to any Franchisee as of the Closing Date.

  • Franchisee hereby authorizes all of its suppliers and distributors to release to Franchisor, upon Franchisor's request, any and all of its books, records, accounts or other information relating to goods, products and supplies sold to Franchisee and/or the Franchised Unit.

  • The Franchised Unit shall not be opened for business prior to Franchisor's receipt of satisfactory evidence that all insurance required by this Agreement is in effect.

  • Franchisee covenants that, during the term of the Agreement, except as otherwise approved in writing by Franchisor, Franchisee or, alternatively, one designated management employee if that employee assumes primary responsibility for the operation of the Franchised Unit, shall devote full time, energy and best efforts to the management and operation of the Franchised Business.

  • Except as otherwise provided in this Agreement, the initial term of this Franchise Agreement (the "Term") shall expire on the twentieth (20th) anniversary of the date of commencement of operation of the Franchised Unit.

  • If at any time the Franchised Unit is proposed to be operated by an entity or individual other than the Franchisee, Franchisor reserves the right to review and approve the operating entity or individual and to require and approve an operating agreement prior to such party's assumption of operations.

  • Developer shall not, during the term of this Agreement or thereafter, communicate, divulge, or use for the benefit of any other person, persons, partnership, association, or corporation, any confidential information, knowledge, or know-how concerning the construction and methods of operation of any Franchised Unit which may be communicated to Developer, or of which Developer may be apprised, by virtue of Developer's operation under the terms of this Agreement.

  • The operation of the Franchised Unit by any party other than Franchisee, without Franchisor's prior written consent, shall be deemed a material default of this Agreement for which Franchisee may terminate this Agreement pursuant to the provisions of Section 15.02 hereof.

  • For all purposes under this Agreement, the date of commencement of operation of the Franchised Unit shall be the date verified in writing by Franchisor and delivered to Franchisee in a form substantially similar to the "Notice" attached hereto as Exhibit "A".

  • Franchisee agrees and shall be obligated to operate the Franchised Unit and perform hereunder for the full Term of this Agreement.


More Definitions of Franchised Unit

Franchised Unit means a restaurant facility consisting of real property (owned or leased by a Franchisee), equipment and other property, franchised by the Franchisor to the Franchisee pursuant to a Franchise Agreement.
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Franchised Unit. Franchised Business" or "Restaurant") at one location only, such location to be described as: Store Number: __________________________________________________ Address: __________________________________________________ __________________________________________________ __________________________________________________ __________________________________________________ upon the terms and conditions herein contained and subject to the terms and conditions contained in the development agreement between Franchisor and Franchisee, dated __________________________, (the "Development Agreement"), which is incorporated herein by reference; and a license to use in connection therewith Franchisor's Proprietary Marks and the Churchs System.
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Franchised Unit or "Franchised Business") at one location only, such location to be described as: Store Number: ______________________________________
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Related to Franchised Unit

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Dwelling unit means a single unit providing complete, independent living facilities for one or more persons, including permanent provisions for living, sleeping, eating, cooking and sanitation.

  • Palletized unit load means a MIL-STD-129 defined quantity of items, packed or unpacked, arranged on a pallet in a specified manner and secured, strapped, or fastened on the pallet so that the whole palletized load is handled as a single unit. A palletized or skidded load is not considered to be a shipping container. A loaded 463L System pallet is not considered to be a palletized unit load. Refer to the Defense Transportation Regulation, DoD 4500.9-R, Part II, Chapter 203, for marking of 463L System pallets.

  • Management Unit means an area established by the Commission for management purposes.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Unit and “Quality” means the unit and quantity specified in the schedule.

  • Cogeneration unit means a unit that is able to operate in cogeneration mode;

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Operating Unit means, for purposes of this part, primary and constituent operating units designated as such in the Department Order Series of the De- partment of Commerce and, in addi- tion, the Office of the Secretary.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Residential Unit means a home, apartment, residential condominium unit or mobile home, serving as the principal place of residence.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.