New Franchisee definition

New Franchisee means a Person or group of Persons with an Information Services Franchise that was not, nor was any Affiliate thereof, prior to the Effective Date, occupying the Inalienable Property of the City pursuant to an agreement with the City, including but not limited to any agreement entered into pursuant to Chapter 14 of the City Charter, or by operation of law.
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New Franchisee means an entity that is not, as of the Effective Date and for three years after the Effective Date, operating under the Franchise granted by this Agreement any facilities which have been installed in the Inalienable Property prior to the Effective Date either pursuant to a previous or other franchise from the City or otherwise which have been transferred to the Franchisee’s ownership.
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New Franchisee means a Person that is neither an Existing Franchisee nor an Affiliate of Master Franchisee who is licensed by Master Franchisee to open and operate a Burger King Restaurant under a New Franchise Agreement.
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Examples of New Franchisee in a sentence

  • Senator Krier observed that this phenomenon happens a lot in his department.

  • If Franchisee enters into any new lease or extends any lease for tenancy of the New Franchisee Business extending beyond the Term, Franchisee acknowledges that Franchisee shall be doing so at its own risk.

  • Notwithstanding the preceding however, if the Company is a New Franchisee, then the amount payable under this Section 3.2.1 with respect to the first eighteen months of the Term shall not be, as to any calendar quarter, greater than the amount described in paragraph (b) above with respect to that quarter (even if the amount described in paragraph (a) above for such quarter would be greater the paragraph (b) amount for such quarter).

  • Gross Sales shall be defined as all revenue derived from the New Franchisee Business, at regular prices before any discounts or other allowance, as well as all income of any and every other kind related to the New Franchisee Business, System, or Proprietary Marks, the fair value of any non-monetary consideration received by Franchisee for any items or sales from the New Franchisee Business, and all proceeds of business interruption insurance policies for the New Franchisee Business.

  • Franchisor shall have the unconditional right to inspect the New Franchisee Business to assure quality control.

  • Franchisee hereby agrees to indemnify Franchisor, and all of Franchisor's agents, employees, and representatives against any and all damage, liability, and loss, as well as legal fees and costs incurred, however caused, as a result of the use, condition, construction, equipment, decorating, maintenance or operation of the New Franchisee Business.

  • The coverage shall begin as soon as Franchisee signs a lease for the New Franchisee Business.

  • Franchisor hereby grants, and Franchisee accepts under the terms and conditions of this Agreement, a limited, non-transferable, non-exclusive license to use the Proprietary Marks and the System to operate the New Franchisee Business in the Territory for the Term.

  • Upon closing of the Transaction, New Franchisee shall remain bound by the lawful terms and conditions of the Franchise.

  • However, if the Company is a New Franchisee, such $10,000 amount specified in this § 3.2.1.2 shall be reduced to $3,000 until but not including the first anniversary of the Effective Date and to $5,000 from the first anniversary of the Effective Date until but not including the second anniversary of the Effective Date; such amount shall be $10,000 from the second anniversary of the Effective Date until but not including the third anniversary of the Effective Date.


More Definitions of New Franchisee

New Franchisee shall have the meaning set forth in Section 2(b).
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New Franchisee means any Company, individual, partnership or -------------- otherwise (other than a Franchisee) who enters into a franchise agreement with the Group;
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New Franchisee means any new franchisee of a “Yogurtini” frozen yogurt store that becomes a new franchisee after the date of this Agreement solely as a result of the Service Provider’s efforts to sell such franchisee to the New Franchisee.
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Related to New Franchisee

  • Franchisee means a person to whom a franchise is granted. Franchisee includes the following:

  • Franchisor means a person who grants a franchise or master franchise, or an affiliate of such a person. Franchisor includes a subfranchisor with regard to its relationship with a franchisee, unless stated otherwise in this section.

  • 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.

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

  • Franchise Area means the present legal boundaries of the City as of the Effective Date, and shall also include any additions thereto, by annexation or other legal means as provided in this Agreement.

  • Developer means the legal or beneficial owner or owners of a lot or of any land proposed to be included in a proposed development, including the holder of an option or contract to purchase, or other person having an enforceable proprietary interest in such land.

  • 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.

  • tour operator means an organiser or retailer, other than the carrier, within the meaning of Article 2(2) and (3) of Directive 90/314/EEC;

  • Retailer means every person engaged in the business of making sales at retail, or for distribution,

  • Restaurant means a business location:

  • Hotel Site means the real property on which the Hotel is located or to be located, as approved by us.

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

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

  • Reseller is a category of CLECs who purchase the use of Finished Services for the purpose of reselling those Telecommunications Services to their End User Customers.

  • brand owner means a person or company who sells any commodity under a registered brand label ;

  • VAR means value-at-risk.

  • Market Operator means a person or persons who manages and/or operates the business of a regulated market. The market operator may be the regulated market itself;

  • Restaurants means a business that prepares and serves food and drinks to customers.

  • Licensed User means an employee, contractor or agent of Client who is authorized by Client to access and use the Licensed Software, to whom a password and user ID has been issued by Client and whose access to the Licensed Software has not been terminated, suspended or surrendered.

  • airport operator A natural or legal person authorized to manage or operate an airport. “Airport Tax” It is the amount charged to a Passenger for the use of the airport facilities that can be collected by THE CARRIER with prior authorization, either on the ticket or at each airport, and must be paid by the Passenger. “Airway Ticket or Ticket” (GENERAL DEFINITION). It is the document issued by THE CARRIER or its Authorized Agent as written proof of the transportation agreement. The term that will be used in this Agreement is ticket.

  • Kiosk means a department in a RIME Store.

  • Licensee has the meaning set forth in the preamble.

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

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • 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.

  • DRIVER / OPERATOR means an individual possessing sound mental and physical health who must be in possession of an appropriate professional Driving License and