Successor Franchise Agreement definition

Successor Franchise Agreement has the meaning set forth in Section 3.2.
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Successor Franchise Agreement means the franchise agreement by and between BKC as franchisor, and Area Developer, as franchisee, pursuant to which, among other things, BKC grants Area Developer a renewal of the license to use the Burger King Marks in connection with the operation of an Existing Developer Restaurant or Acquired Restaurant. The Successor Franchise Agreement shall be in the form that has been previously negotiated between BKC and Area Developer.
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Successor Franchise Agreement means the franchise agreement you must sign at the commencement of any Successor Term to the term of this Agreement.
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Examples of Successor Franchise Agreement in a sentence

  • The terms of the Successor Franchise Agreement may be substantially different from the terms of this Agreement and may require the payment of different fees.

  • The Successor Franchise Agreement may contain provisions that differ materially from any and all of those contained in this Agreement except that no fees, dues or assessments will vary from those described herein with the exception of our right to charge an additional royalty fee of no more than one and one-half percent (1.5%) of Property Room Revenue.

  • The Successor Franchise Agreement will contain provisions consistent with those contained in this Agreement except for (i) our right to charge an additional royalty fee of no more than one and one-half percent (1.5%) of Property Room Revenue; and (ii) you and we will negotiate the Area of Protection for the Hotel for the Renewal Term to reflect then-current competitive market conditions.

  • During years 1 through 5 of the term of the Successor Franchise Agreement, Area Developer shall receive an Advertising Contribution reduction from the Base Fee for advertising contribution in the amount of 0.75% of monthly Gross Sales.

  • We will furnish you with one copy of or electronic access to the Manuals, on loan, to use for as long as this Agreement or a Successor Franchise Agreement remains in effect.

  • We must receive the fee from you at the time you sign the Successor Franchise Agreement.

  • Saint Mary Magdalen School has permission to post a picture of my son/daughter in its media.I do not grant Saint Mary Magdalen School permission to use photo images of my son/daughter or a sample of his/her work such as a poem, story, artwork, etc.

  • The term of each Successor Franchise Agreement shall be the remaining term of the original Franchise Agreement.

  • The qualifications and conditions for the second Successor Term will be described in the form of Successor Franchise Agreement signed upon the expiration of this Agreement.

  • The fees and other conditions for any later granting of subsequent Successor Franchises will be governed by the Successor Franchise Agreement (as described above).


More Definitions of Successor Franchise Agreement

Successor Franchise Agreement means the First Successor Franchise Agreement or the Second Successor Franchise Agreement, as the context requires.
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Related to Successor Franchise Agreement

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

  • 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.

  • 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).

  • 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.

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Enterprise Agreement means an agreement certified under the Workplace Relations Act 1996 (Cth) or approved under the Industrial Relations Act 1996 (NSW).

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • JV Agreement each partnership or limited liability company agreement (or similar agreement) between a North American Group Member or one of its Subsidiaries and the relevant JV Partner as the same may be amended, restated, supplemented or otherwise modified from time to time, in accordance with the terms hereof.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Franchisor means Marriott International, Inc.

  • Franchise insurance means an individual insurance policy provided through a

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

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

  • Training Agreement means an agreement registered under the provisions of the Industrial and Commercial Training Act 1985.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

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

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Construction Services Agreement (CSA) means the Construction Services Agreement, together with any duly authorized and executed amendments hereto.