New Franchise Agreement definition

New Franchise Agreement means the franchise license agreement to be entered into between Buyer and the Franchisor, granting to Buyer a franchise to operate the Hotel under the Brand on and after the Closing Date.

New Franchise Agreement means the franchise agreement to be entered into by the Company and the Franchisor at the Closing.

New Franchise Agreement shall have the meaning set forth in Section 2.10.1.

Examples of New Franchise Agreement in a sentence

• Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement, and Seller and Buyer shall diligently pursue obtaining each the same.

• As a condition to Closing, Buyer shall enter into the New Management Agreement and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure).

• Except as otherwise provided in this Contract, the New Franchise Agreement shall contain such terms and conditions as are acceptable to Buyer in its sole and absolute discretion.

• Prior to the expiration of the Review Period, Buyer and Franchisor shall agree on the form and substance of the New Franchise Agreement.

• Unless otherwise agreed by Buyer and Seller, the Closing on the Property (“Closing Date”) shall occur on a date selected by Buyer and agreed upon by Seller that is the later of (a) fifteen (15) business days after expiration of the Review Period or (b) the date Buyer receives the New Franchise Agreement executed by the Franchisor, provided in either case that all conditions to Closing hereunder have been satisfied.

More Definitions of New Franchise Agreement

New Franchise Agreement shall have the meaning assigned thereto in subsection 4.5(b).

New Franchise Agreement as defined in Section 5.8.

New Franchise Agreement means any Franchise Agreement entered into after the date hereof between NexCen or its Affiliate and a Franchisee, Franchisee Principal or its designee to open a new Franchise location.

New Franchise Agreement means that certain license agreement for the Hotel to be entered into at Closing in the form attached hereto as Exhibit B. “New Survey Defect” has the meaning set forth in Section V.C.3.

New Franchise Agreement means the form of franchise agreement authorized by BKAP to be used in the Territory entered into between Master Franchisee and a Franchisee, which grants the Franchisee the right to operate a Burger King Restaurant at a specific location. The form of New Franchise Agreement is attached to this Agreement as Exhibit F.

New Franchise Agreement means that certain New Franchise Agreement by and among the City, Arlington Sports Facility Development Authority, Inc., and Texas Rangers Baseball Partners, executed June 13, 2007, and any and all amendments thereto (and assignments thereof).

New Franchise Agreement means the franchise agreement by and between Purchaser and Franchisor pursuant to which Purchaser shall be granted the right to continue operating the Hotel as a Holiday Inn.