Change of Franchise Clause Samples

The Change of Franchise clause establishes the terms and conditions under which a party to a franchise agreement may transfer, sell, or otherwise change their franchise affiliation. Typically, this clause outlines the procedures for notifying the franchisor, obtaining necessary approvals, and meeting any financial or operational requirements before a change can occur. For example, it may require the franchisee to pay a transfer fee or ensure the new franchisee meets certain qualifications. The core function of this clause is to maintain the integrity and standards of the franchise system by controlling how and to whom franchise rights can be transferred, thereby protecting the franchisor’s brand and business interests.
Change of Franchise. Lessee may change the existing franchise covering each Facility with the prior written consent of Lessor, which consent may be withheld in the sole and absolute discretion of Lessor.
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Change of Franchise. Tenant shall not alter, amend or terminate ------------------- the Franchise Agreement without Landlord's prior written consent. Notwithstanding anything else in this Lease, Landlord may, in its sole discretion, change the Franchise Agreement for the Facility upon sixty (60) days Notice to Tenant. Landlord shall be responsible for the payment of any termination fees under the Franchise Agreement. If the franchise fees under the new Franchise Agreement materially differ from those in the prior Franchise Agreement, the parties shall negotiate in good faith new Lease terms to account for the increase or decrease, as the case may be, in franchise fees.
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Change of Franchise. 64 34.4 Waiver of Presentment, Etc.................... 64
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Change of Franchise. 57 34.4 Waiver of Presentment, Etc..................................................... 57 ARTICLE XXXV......................................................................................... 58
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Change of Franchise. Tenant shall not alter, amend or terminate ------------------- the Franchise Agreement without Landlord's prior written consent. Notwithstanding anything else in this Lease, Landlord may, in its sole discretion, change the Franchise Agreement for the Facility upon sixty (60) days Notice to Tenant. Landlord shall be responsible for the payment of any termination fees under the Franchise Agreement. If the franchise fees under the new Franchise Agreement materially differ from those in the prior Franchise Agreement, the parties shall negotiate in good faith new Lease terms to account for the increase or decrease, as the case may be, in franchise fees. ARTICLE XL ---------- 40.1 Landlord Approval of Capital Expenditures. All Capital ----------------------------------------- Expenditures whether pursuant to the Capital Budget or otherwise shall be subject to the approval of Landlord, which approval shall extend both to the plans and specifications (including matters of design and decor) and to the contracting and purchasing of all labor, services and materials. Landlord shall have the right to require competitive bidding of contracts for Capital Improvements, review all bids and monitor costs, time, quality and performance. The foregoing restrictions shall not apply to emergency Capital Expenditures made by Tenant in amounts not to exceed $25,000, and with prior notice to Landlord (if possible under the circumstances).
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Change of Franchise. 48 39.3 Termination of Franchise Agreement.................................................................48 40.1 Landlord Approval of Capital Expenditures..........................................................48 40.2 Inventory..........................................................................................48 ARTICLE XLI......................................................................................................48 41.1
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Change of Franchise. Lessee may not change the existing franchise covering the Leased Property with the prior written consent of Lessor, which consent may be given or withheld at Lessor's sole discretion.
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Related to Change of Franchise

  • Change of agreement (a) We may at any time vary, modify, add to or delete the terms and conditions of this agreement and the Privacy Circular and we will notify you of any such changes in such manner as we may, in our reasonable discretion, deem fit. (b) If you do not accept such changes, you may terminate your card account in accordance with clause 10 within 10 days after we have given such notice of change. (c) If you retain or use the card or the PIN or otherwise operate the card account after we have given such notice of change, you will be deemed to have accepted such changes without reservation.

  • Change of Name The Company may by directors resolution authorize an alteration of its Notice of Articles in order to change its name or adopt or change any translation of that name.

  • CHANGE OF T-PIN The Account Holder may change his T-PIN from time to time in accordance with the Bank’s prescribed procedure then prevailing. The Bank shall be entitled, in its reasonable discretion but without liability and without giving any reason, to reject any selection made by the Account Holder as his substituted T-PIN; if the Bank so approves, such substituted T-PIN, shall take effect from the time of receipt by the Bank of such instructions from the Account Holder. The Account Holder shall take all steps not to select such numbers as a substitute T-PIN which may easily be ascertained or otherwise facilitate fraud or forgery.

  • Change of Name, Etc Immediately after the Closing, Purchaser will (a) change the name and logo on all documents, Branches and other facilities relating to the Assets and the Assumed Liabilities to Purchaser’s name and logo, (b) notify all persons whose Loans, Deposits or Safe Deposit Agreements are transferred under this Agreement of the consummation of the transactions contemplated by this Agreement, and (c) provide all appropriate notices to the OCC and any other Regulatory Authorities required as a result of the consummation of such transactions. Seller shall cooperate with any commercially reasonable request of Purchaser directed to accomplish the removal of Seller’s signage (or the removal of signage of an Affiliate of Seller, if applicable) by Purchaser and the installation of Purchaser’s signage by Purchaser; provided, however, that (i) all such removals and all such installations shall be at the expense of Purchaser, (ii) such removals and installations shall be performed in an environmentally friendly manner (including the recycling of such materials) and in such a manner that does not unreasonably interfere with the normal business activities and operations of the Branches and Purchaser shall repair any damage to the area altered to its pre-existing condition, (iii) such installed signage shall comply with the applicable Branch Lease and all applicable zoning and permitting laws and regulations, (iv) such installed signage shall have, if necessary, received the prior approval of the owner or landlord of the facility, and such installed signage shall be covered in such a way as to make Purchaser signage unreadable at all times prior to the Closing, but such cover shall display the name and/or logo of Seller (or of its Affiliates) in a manner reasonably acceptable to Seller and (v) if this Agreement is terminated prior to the Closing, Purchaser shall immediately and at its sole expense restore such signage and any other area altered in connection therewith to its pre-existing condition. During the fourteen (14) calendar day period following the Closing, Purchaser shall afford to Seller and its authorized agents and representatives reasonable access during normal business hours to the Branches to allow Seller the opportunity to confirm Purchaser’s compliance with the terms of this Section 7.9.

  • Change of Shift (a) Where the regular day, afternoon or night shift of an employee is to be changed, the employee shall be given forty-eight (48) hours’ notice of such change. 11.01 (b) If the employee is given less than forty-eight (48) hours’ notice of such shift change, he shall be paid at the rate of time and one-half (1 ½) for the first changed shift worked.