Transfer by Licensor. Licensor shall have the right to transfer or assign all or any part of its rights or obligations herein to any person or legal entity. If Licensor's assignee assumes all of the obligations of Licensor under this Agreement and sends written notice of the assignment so attesting, Licensee shall promptly execute a general release of Licensor, and any subsidiaries, partners, and Affiliates of Licensor, from claims against or liabilities of Licensor or such subsidiaries, partners, or Affiliates of Licensor to the extent that they arise under this Agreement.
Transfer by Licensor. In the event of the transfer and assignment by Licensor of its interest in this License and in the Store to a person expressly assuming Licensor's obligations under this License, Licensor shall thereby be released from any further obligations hereunder, and Licensee agrees to look solely to such successor in interest of Licensor for performance of such obligations. Any security given by Licensee to secure performance of Licensee's obligations hereunder may be assigned and transferred by Licensor to such successor in interest, and Licensor shall thereby be discharged of any further obligation relating thereto.
Transfer by Licensor. 14.1 Licensor may not make any sale, lease, license or transfer of any Site, unless such sale, lease, license or transfer is subject to the terms and conditions of this Agreement and the applicable SLA. Licensee's rights hereunder are not exclusive, and Licensor may grant to others rights in any Site coextensive with those of Licensee, so long as such other person or entity does not unreasonably interfere with the exercise by Licensee of the rights granted to it under this Agreement and any SLA.
Transfer by Licensor. Licensor shall have the right to Transfer all or any part of its rights or obligations herein to any person or legal entity.
Transfer by Licensor. This Agreement may be unilaterally assigned by Licensor and shall inure to the benefit of its successors and assigns. Licensee agrees and affirms that Licensor may sell itself, its assets, the Marks and/or the Bad Daddy’s System to a third-party; may go public; may engage in private placement of some or all of its securities; may merge, acquire other Entities, or be acquired by another Entity; and/or may undertake a refinancing, recapitalization, leveraged buyout or other economic or financial restructuring. Licensee further agrees and affirms that Licensor has the right, now or in the future, to purchase, merge, acquire or affiliate with an existing competitive or noncompetitive franchisee network, chain or any other business regardless of the location of that chain’s or business’ facilities, and to operate, franchise or license those businesses and/or facilities under the Marks or any other marks following Licensor’s purchase, merger, acquisition or affiliation, regardless of the location of these facilities, which Licensee acknowledges may be proximate to any of its Restaurants, but subject to Section 3.3 hereof; provided, that any use of the Marks in connection with the conversion of a restaurant to a Bad Daddy’s Restaurant that is located in the Licensed Territory or in the Area of Responsibility during the period in which Licensee has exclusive rights thereto hereunder shall require the prior written consent of Licensee. With regard to any of the above sales, assignments and dispositions, Licensee expressly and specifically waives any claims, demands or damages arising from or related to the loss of Licensor’s name, the Marks (or any variation thereof) and the Bad Daddy’s System and/or the loss of association with or identification of Licensor under this Agreement.
Transfer by Licensor. 14.1 This Licensing Agreement shall inure to the benefit of the successors and assigns of Licensor. Licensor shall have the right to sell, assign, transfer or otherwise dispose of or deal with any or all of its rights and obligations under this Licensing Agreement to any individual, firm, association, bank, lending institution, corporation or other third party as it may in its sole discretion deem appropriate. In the event of any such transfer, Licensor shall be released from any liability under this Licensing Agreement for the obligations transferred, except to the extent that such obligations relate to periods prior to such transfer.
Transfer by Licensor. Licensor may, at its option, transfer its interest in the Licensor Intellectual Property or this Agreement; provided, however, that Licensor shall not transfer any interest in the Licensor Intellectual Property unless the transferee agrees to be bound by the terms of this Agreement.
Transfer by Licensor. Provided that the transferee is capable of performing the obligations under this Agreement and the Strategic Partnership Agreement, and has agreed to be bound by the terms of the Strategic Partnership Agreement, Licensor shall have the right to directly or indirectly sell, assign, transfer, mortgage, pledge, charge or otherwise dispose of, encumber or deal with any or all of its rights and obligations under this Agreement to any individual, firm, association, bank, lending institution, corporation or other third party as it may in its discretion deem appropriate. Licensor shall have the right to appoint an area representative to deal with or carry out any or all of Licensor’s obligations to Sub-Licensee under this Agreement on Notice to Sub-Licensee.
Transfer by Licensor. The Licensor shall have the right to assign this Agreement, and all of its rights and privileges hereunder, to any person, firm, corporation or other entity provided that, with respect to any assignment resulting in the subsequent performance by the assignee of the functions of the Licensor, (i) the assignee shall, at the time of such assignment, be capable of performing the obligations of the Licensor hereunder, and (ii) the assignee shall expressly assume and agree to perform such obligations. Marco's Mexican Restaurants, Inc. LA [ ] Please initial after reading this page.
