System Restaurants definition
Examples of System Restaurants in a sentence
With respect to the implementation of such price and product changes, Seller shall use commercially reasonable efforts to implement such changes as promptly as reasonably practicable (taking into consideration the number and scope of changes requested, the number of Restaurants impacted by the change, the availability of Seller’s internal resources and other price and product changes then being implemented by Seller with respect to other System Restaurants).
Franchisee will, at all times, maintain the interior and exterior of the System Restaurants as well as the surrounding premises in a clean and orderly condition.
Franchisor, its affiliates, and their respective franchisees and licensees may, among other things, operate other types of facilities besides System Restaurants in the Protected Territory, including facilities that are identified by some or all of the Proprietary Marks.
The training programs, which may include more than one segment, will be structured to provide practical training in the implementation of the System Restaurant Concepts, and the operation of System Restaurants.
Advertising payments will then be spent for advertising to benefit Operator and/or all or regional operators of System Restaurants.
Franchisee will comply with all applicable laws and regulations governing the operation of its System Restaurants.
In the event of damage to the System Restaurants covered by insurance, the proceeds of any such insurance shall be used to restore the System Restaurants to their original condition as soon as possible unless such restoration is prohibited by the location lease or Company has otherwise consented in writing.
Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Indenture Administrator or the Trustee, as the case may be, the pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not the Issuer or a Guarantor or any Affiliate of the Issuer or a Guarantor.
In the event of any default under Article XIX.B., or any default under Article XIX.C. not cured within the time therein specified, Company may, as an alternative to termination, in its sole discretion, redefine the Territory as Company deems appropriate under the circumstances, and/or refuse to allow Operator to establish any additional System Restaurants pursuant to this Agreement.
The business of any Operator who has effected such a transaction, whether through the Operator, its parent, subsidiaries, or divisions, shall be confined exclusively to operating the System Restaurants licensed herein.