Retained Franchise definition

Retained Franchise means any Franchise for which by the Closing Date: (a) the Required Consent to transfer such Franchise to Buyer either was not obtained, has not been granted by operation of law, or the applicable Governmental Authority or its designee has taken public action to the effect, or has given written notice to Buyer or Seller of its, or its designee's assertion, that the Required Consent has not been granted by operation of law, or (b) a Governmental Authority has the right directly or indirectly to acquire all or any portion of a System, which right has not expired by its terms or expressly been waived or abandoned. The Retained Franchise includes not only the applicable Franchise, but also all of the Assets that are: (i) located in the Service Area of the Retained Franchise; and (ii) used solely for the operation of the portion of the System in the portion of the Service Area of the Retained Franchise.
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Retained Franchise means either a PARTY A Retained Franchise or a PARTY B Retained Franchise or both, as the context requires, and a "Matching Franchise" means either a PARTY A Matching Franchise or a PARTY B Matching Franchise or both, as the context requires.
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Retained Franchise has the meaning set forth in Section 9.07(a).
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Examples of Retained Franchise in a sentence

  • If Section 6.14 applies, the parties shall have reached agreement on the Retained Franchise Management Agreement.

  • If Section 6.14(a) applies, the parties shall have reached agreement on the Retained Franchise Management Agreement.

  • For purposes of this Agreement, the "Retained Franchise Amount" for a Retained Franchise shall be equal to the number of Equivalent Basic Subscribers served by Seller pursuant to such Retained Franchise multiplied by the Subscriber Adjustment Amount.

  • A PARTY B Matching Franchise may also be a PARTY B Retained Franchise.

  • For purposes of this Section 5.1, a "Retained Franchise" means either a PARTY A Retained Franchise or a PARTY B Retained Franchise or both, as the context requires, and a "Matching Franchise" means either a PARTY A Matching Franchise or a PARTY B Matching Franchise or both, as the context requires.

  • The parties hereto covenant and agree to act in good faith to obtain the approval or consent of any Governmental Authorities that have not consented to the transfer of any Retained Franchise.

  • Attainment of Objectives through UDP policies Meeting housing and employment needs in accessible locations within or close to main settlements;Stimulation of urban regeneration;Controlling pollution, flood risk and air quality; Protection of historic assets;Protection and creation of open space and sites of nature conservation value; andProvision of needed facilities in accessible locations.

  • The Retained Franchise Management Agreement shall provide that its term will continue with respect to each Retained Franchise until there is a Subsequent Transfer of such Retained Franchise, or such Retained Franchise is revoked as a result of the transactions described in this Section or a court orders the termination of the Retained Franchise Management Agreement with respect to such Retained Franchise.

  • If, on the date that is one (1) year from the date of the Closing Date, any Franchise Area shall not have become a Transferable Franchise Area, Buyer and the Seller with respect thereto shall nevertheless conduct a final Closing with respect to the Retained Franchise and Retained Assets relating to any such Franchise Area ("Final Closing"), at which such Seller shall assign, transfer, convey and deliver to Buyer, and Buyer shall acquire from such Seller, such Retained Franchise and Retained Assets.

  • The closing conditions in Articles 7 and 8 will not apply to any Retained Franchise transfer; provided, that the parties will negotiate in good faith to include appropriate conditions to the Subsequent Transfer in the Operating Agreements, including the condition that the portion of the Equity Consideration being issued be duly authorized, validly issued, fully paid and non-assessable and the issuance thereof not be subject to any preemptive or similar right.


More Definitions of Retained Franchise

Retained Franchise has the meaning set forth in Section 4.16.
Sample 1
Retained Franchise means either a PARTY A Retained Franchise or a PARTY B Retained Franchise or both, as the context requires, and a "Matching Franchise" means either a PARTY A Matching Franchise or a PARTY B Matching Franchise or both, as the context requires. 5.1.2 Similarly, with respect to each PARTY B Systems Franchise for which a PARTY B Required Consent necessary for the transfer thereof has not been obtained as of the Closing Date (such Systems Franchise and the PARTY B Assets pertaining thereto, hereinafter, a "PARTY B Retained Franchise"), the parties will negotiate in good faith to reach agreement on a PARTY A Systems Franchise (such Systems Franchise and the PARTY A Assets pertaining thereto, hereinafter, a "PARTY A Matching Franchise") that is to the greatest extent possible, like kind to PARTY B Retained Franchise for purposes of Section 1031 of the Code and the applicable exchange. A PARTY A Matching Franchise may also be a PARTY A Retained Franchise.
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Retained Franchise means either an RMG Retained Franchise or a IP-I Retained Franchise or both, as the context requires, and a "Matching Franchise" means either an RMG Matching Franchise or a IP-I Matching Franchise or both, as the context requires.
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Retained Franchise means either an AT&T Retained Franchise or a Comcast Retained Franchise or both, as the context requires, and a "Matching Franchise" means either an AT&T Matching Franchise or a Comcast Matching Franchise or both, as the context requires.
Sample 1
Retained Franchise means either an IPSE Retained Franchise or a Charter Retained Franchise or both, as the context requires, and a "Matching Franchise" means either an IPSE Matching Franchise or a Charter Matching Franchise or both, as the context requires.
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Retained Franchise means either a TCI Retained Franchise or an Insight Retained Franchise or both, as the context requires, and a "Matching Franchise" means either a TCI Matching Franchise or an Insight Matching Franchise or both, as the context requires.
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Related to Retained Franchise

  • Franchise means a written contract or agreement between two or more persons whereby one

  • 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.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Retained Contracts shall have the meaning set forth in Section 1.2(i).

  • Franchise Agreements means (a) the Franchise Agreements set forth on Part IV of Schedule 4.01(p) hereto, and (b) any Franchise Agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.01(r).

  • Subfranchisor means a person who is granted a master franchise.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Liquor store means a retailer, as defined in section 111 of the Michigan liquor control code of 1998, 1998 PA 58, MCL 436.1111, that is exclusively or primarily engaged in the sale of alcoholic liquor. The term does not include a retailer that is a retail food store.

  • Franchisor means Marriott International, Inc.

  • Franchise Area means the area within the jurisdictional boundaries of the City, including any areas annexed by the City during the term of this Franchise.

  • Retained Names and Marks has the meaning specified in Section 5.07.

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Liquor Licenses shall have the meaning set forth in Section 8.10.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Franchisee means a person to whom a franchise is granted.

  • License means any Copyright License, Patent License, Trademark License or other license of rights or interests.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Retained Group means, in respect of each Seller, that Seller, its subsidiaries and subsidiary undertakings from time to time, any holding company of the Seller and all other subsidiaries or subsidiary undertakings of any such holding company (excluding the Purchaser, that Seller’s Target Company and any subsidiaries or subsidiary undertakings of that Target Company);

  • Liquor License means any license, permit, registration, qualification or other approval required to sell, dispense or distribute alcoholic beverages under the Liquor Laws.

  • Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

  • Franchise insurance means an individual insurance policy provided through a

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Franchise Fee means a direct or indirect payment to purchase or operate a franchise. Franchise fee does not include any of the following:

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Liquor means beverages that are intended for human consumption containing over 1% alcohol by volume (e.g., spirits, wine, liqueur, coolers, cider or beer).