Franchised Units definition

Franchised Units means all Hungry Howie’s Units that were open and reporting sales to us for the entire fiscal year. In 2019, this excludes (1) 203 Florida units, (2) 33 Affiliated Units, (3) 16 Hungry Howie’s Units which opened or closed during the fiscal year, and (4) 4 “legacy units” which are not obligated to and do not report sales to us. In 2020, this excludes (1) 203 Florida units, (2) 32 Affiliated Units, (3) 21 Hungry Howie’s Units which opened or closed during the fiscal year, (4) 6 units that were closed for more than ten consecutive days during the entire fiscal year due to a force majeure event (e.g. COVID-19), and (5) 4 “legacy units” which are not obligated to and do not report sales to us. For 2019 and 2020, the Franchised Units are in 20 states. These Franchised Units have reasonably similar operations as those being offered for sale.
Sample 1
Franchised Units means all Hungry Howie’s Units that were open and reporting sales to us for the entire Measuring Period, excluding 203 Florida units, 33 Affiliated Units, 16 units which opened or closed during the Measuring Period, and 4 units which are not obligated to and do not report sales to us. Units located in the State of Florida are excluded because such units are owned by franchisees of H.H. Pizza, Inc., which operates under a license agreement with us. Subject to its license agreement, H.H. Pizza, Inc. deviates from the Hungry Howie’s system in certain respects, including its selection of menu items, standards and specifications, and marketing strategies. Affiliated Units are excluded because they are units owned by either an affiliate or an officer of ours. Units which opened or closed during the Measuring Period were excluded because they were not open for the entire Measuring Period. The Franchised Units are
Sample 1
Franchised Units or "SBC Retail Units") in the Territory;
Sample 1

Examples of Franchised Units in a sentence

  • Franchisee understands that such advertising and marketing is intended to maximize the public's awareness of the Franchised Units and the System, and that Franchisor accordingly undertakes no obligation to insure that any individual Franchisee benefits directly or on a pro rata basis from the placement, if any, of such advertising or marketing in its local market.

  • Existing Franchised Units and/or Franchised Units for which Franchise Agreements were previously executed 2.

  • Upon termination of this Agreement, Developer shall have no right to establish or operate any Franchised Unit for which a Franchise Agreement has not been executed by Franchisor and delivered to Developer at the time of termination; and Franchisor shall be entitled to establish, and to license others to establish, Franchised Units in the Development Area, except as may be provided under any other agreement which is then in effect between Franchisor and Developer.

  • Notwithstanding anything in this Agreement to the contrary, Developer understands and acknowledges that individual development rights to obtain franchises to establish and operate Franchised Units may not be transferred except in connection with a transfer of this Development Agreement, together with all remaining development options due to be developed under this Agreement, in accordance with the conditions set forth herein.

  • Submit to Franchisor, and obtain Franchisor's written approval of, the final and complete plans and specifications for the construction (or renovation) and decoration of the Franchised Unit, which must be in conformity with Franchisor's standards and specifications for Franchised Units, as set out in the current Confidential Operating Standards Manual (as defined in the Franchise Agreement) or otherwise in writing (hereinafter, the "Construction Plans").

  • The dataset employed is subdivided into forty- three (43) different sections some of which are listed as; Legal/ Incorporation name, Division of Parent, Franchised Units, Company owned Units, Total units, Global Sales, Franchise Fee, Royalty Rate, International Units, Total Investment.

  • MEMBERSHIP CATEGORY(Please check the appropriate box as indicated on first page of application)□ Subscriber Member□ Organizational MemberMEMBERSHIP INFORMATIONName Title Company Organization Name (if applicable) Mailing Address City State/Province Country Zip Code Telephone Fax E-mail # Franchisees # Franchised Units Enclose payment for annual dues.

  • Consolidated Units Company Owned Units Franchised Units Annual Sales Levels (000's)CHART 2:There were 101 franchised Food Court Popeyes Restaurants continuously operated during the period July 1, 2019 through June 30, 2020.

  • Positive displacement pumps eject a fixed amount of fluid into the hydraulic system per revolution of the pump shaft.

  • The District shall provide additional funding in an annual amount not to exceed $25,000 to provide mental health services for adjunct professors through Student Health Services.


More Definitions of Franchised Units

Franchised Units means each restaurant or other facility operated by a franchisee under a franchise agreement with Borrower as franchisor that (among other things) permits the franchisee to operate such restaurant or other facility, and/or to sell products, under one or more of the Brands.
Sample 1

Related to Franchised Units

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

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

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

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Common Units is defined in the Partnership Agreement.

  • 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.

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

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • Company Units has the meaning set forth in the Recitals.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

  • Placement Units shall have the meaning given in the Recitals hereto.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • 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.

  • Coop Shares Shares issued by a Cooperative Corporation.