ENFORCEMENT, INSPECTION AND ASSISTANCE BY MASTER LICENSEE Sample Clauses

ENFORCEMENT, INSPECTION AND ASSISTANCE BY MASTER LICENSEE. Master --------------------------------------------------------- Licensee shall strictly enforce each and every Franchise Agreement for a Unit and shall require that Franchisees strictly comply with all of the terms and conditions of such Franchise Agreements. Master Licensee shall demand Franchisee compliance with all Territory System Standards and shall, in a diligent and reasonable manner, supervise and monitor the operation of all Units operated by Franchisees, including, without limitation, periodically inspecting Units for compliance with Quality Standards, preparing quality assurance inspection reports, furnishing assistance to Franchisees and Unit managers to correct deficiencies in operations or capital items, conducting follow-up inspections, diligently enforcing Franchisee reporting and payment obligations, auditing Franchisees to assure proper record-keeping and Gross Room Revenue reporting, assisting Franchisees to transfer ownership of their Units and franchises and, when necessary, terminating franchises and enforcing termination and post-termination rights against non-complying Franchisees. Master Licensee must issue a notice of default or similar formal notice of noncompliance if a Franchisee's account is more than sixty (60) days past due. Either Master Licensee or Company may suspend reservation system service to any Unit in default under this Agreement or its Franchise Agreement. Company will consult with Master Licensee before suspending reservation system service to Unit not owned or operated by Master Licensee or an Affiliate. Master Licensee must terminate a Franchise Agreement (or the franchise granted thereunder), subject to Legal Requirements, if the default is not cured or a reasonable plan to cure (under which the default is cured within 90 days after the date the original cure period expires) is not adopted with Master Licensee's consent within sixty (60) days after the notice to cure is sent by Master Licensee. Master Licensee's enforcement obligations under each Franchise Agreement may include the pursuit of legal remedies available under local law and cooperation with Company if Company seeks enforcement of any Franchise Agreement on behalf of Company or Master Licensee. In addition, Master Licensee shall require, and strictly enforce the requirement, that each Unit be equipped with a battery-operated or hard-wired smoke and fire alarm system and secure guest room locking and building access system. Master Licensee shall fu...
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ENFORCEMENT, INSPECTION AND ASSISTANCE BY MASTER LICENSEE. Master Licensee shall strictly enforce each and every License Agreement for a Shoppe and shall require that Licensees strictly comply with all of the terms and conditions of such License Agreements. Master Licensee shall demand Licensee compliance with all Territory System Standards and shall diligently and continuously supervise and monitor the operation of all Shoppes operated by Licensees, including, without limitation, periodically inspecting Shoppes for compliance with Territory System Standards, preparing quality assurance inspection reports, furnishing assistance to Licensees and Friendly's Shoppe Managers to correct deficiencies in operations or capital items, conducting follow-up inspections, diligently enforcing Licensee reporting and payment obligations, auditing Licensees to assure proper record-keeping and Gross Sales and Revenue reporting and, when necessary, terminating licenses and enforcing termination and post-termination rights against non-complying Licensees. Master Licensee's enforcement obligations under each License Agreement may include the pursuit of legal remedies available under local law and cooperation with Company if Company seeks enforcement of any License Agreement on behalf of Company or Master Licensee.
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Related to ENFORCEMENT, INSPECTION AND ASSISTANCE BY MASTER LICENSEE

  • Inspection of Agreement A copy of this Agreement shall be available at all reasonable times at the principal corporate trust office of the Warrant Agent for inspection by the holder of any Warrant Certificate. The Warrant Agent may require such holder to submit his Warrant Certificate for inspection by it.

  • Audit, Inspection and Visitation The Adviser shall make available to the Trust during regular business hours all records and other data created and maintained pursuant to the foregoing provisions of this Agreement for reasonable audit and inspection by the Trust or any regulatory agency having authority over the Trust.

  • Compliance with Law and Agreements; Maintenance of Licenses The Borrower shall comply, and shall cause each Subsidiary to comply, in all material respects with all Requirements of Law of any Governmental Authority having jurisdiction over it or its business (including the Federal Fair Labor Standards Act and all Environmental Laws). The Borrower shall, and shall cause each of its Subsidiaries to, obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property and to conduct its business as conducted on the Closing Date. The Borrower shall not modify, amend or alter its certificate or articles of incorporation or bylaws, other than in a manner which does not adversely affect the rights of the Lenders or the Agent.

  • Termination of Information and Inspection Covenants The covenants set forth in Sections 2.1 and 2.2 shall terminate as to Investors and be of no further force or effect when the sale of securities pursuant to a registration statement filed by the Company under the Act in connection with the firm commitment underwritten offering of its securities to the general public is consummated or when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur.

  • Maintenance of Licenses The Owner Trustee will obtain and maintain any licenses that the Administrator informs the Owner Trustee are required to be obtained or maintained by the Owner Trustee under the laws of any State in connection with the Owner Trustee’s duties and obligations under the Transaction Documents.

  • Notification of Breach / Compliance Reports The Adviser shall notify the Trust immediately upon detection of (i) any material failure to manage any Fund in accordance with its investment objectives and policies or any applicable law; or (ii) any material breach of any of the Funds’ or the Adviser’s policies, guidelines or procedures. In addition, the Adviser shall provide a quarterly report regarding each Fund’s compliance with its investment objectives and policies, applicable law, including, but not limited to the 1940 Act and Subchapter M of the Code, as applicable, and the Fund’s policies, guidelines or procedures as applicable to the Adviser’s obligations under this Agreement. The Adviser agrees to correct any such failure promptly and to take any action that the Board may reasonably request in connection with any such breach. Upon request, the Adviser shall also provide the officers of the Trust with supporting certifications in connection with such certifications of Fund financial statements and disclosure controls pursuant to the Xxxxxxxx-Xxxxx Act. The Adviser will promptly notify the Trust in the event (i) the Adviser is served or otherwise receives notice of any action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, public board, or body, involving the affairs of the Trust (excluding class action suits in which a Fund is a member of the plaintiff class by reason of the Fund’s ownership of shares in the defendant) or the compliance by the Adviser with the federal or state securities laws or (ii) an actual change in control of the Adviser resulting in an “assignment” (as defined in the 0000 Xxx) has occurred or is otherwise proposed to occur.

  • Maintenance and Access to Records Keep adequate records, in accordance with GAAP, of all its transactions so that at any time, and from time to time, its true and complete financial condition may be readily determined, and promptly following the reasonable request of the Lender, make such records available for inspection by the Lender and, at the expense of the Borrower, allow the Lender to make and take away copies thereof.

  • Production of Witnesses; Records; Cooperation (a) After the Effective Time, except in the case of a Dispute between Parent and SpinCo, or any members of their respective Groups, each Party shall use its commercially reasonable efforts to make available to the other Party, upon written request, the former, current and future directors, officers, employees, other personnel and agents of the members of its respective Group as witnesses and any books, records or other documents within its control or which it otherwise has the ability to make available without undue burden, to the extent that any such person (giving consideration to business demands of such directors, officers, employees, other personnel and agents) or books, records or other documents may reasonably be required in connection with any Action in which the requesting Party (or member of its Group) may from time to time be involved, regardless of whether such Action is a matter with respect to which indemnification may be sought hereunder. The requesting Party shall bear all costs and expenses in connection therewith.

  • Inspection and Access Landlord and its agents, representatives, and contractors may enter the Premises at any reasonable time to inspect the Premises and to make such repairs as may be required or permitted pursuant to this Lease and for any other business purpose. Landlord and Landlord’s representatives may enter the Premises during business hours on not less than 48 hours advance written notice (except in the case of emergencies in which case no such notice shall be required and such entry may be at any time) for the purpose of effecting any such repairs, inspecting the Premises, showing the Premises to prospective purchasers and, during the last year of the Term, to prospective tenants or for any other business purpose. Landlord may erect a suitable sign on the Premises stating the Premises are available to let or that the Project is available for sale. Landlord may grant easements, make public dedications, designate Common Areas and create restrictions on or about the Premises, provided that no such easement, dedication, designation or restriction materially, adversely affects Tenant’s use or occupancy of the Premises for the Permitted Use. At Landlord’s request, Tenant shall execute such instruments as may be necessary for such easements, dedications or restrictions. Tenant shall at all times, except in the case of emergencies, have the right to escort Landlord or its agents, representatives, contractors or guests while the same are in the Premises, provided such escort does not materially and adversely affect Landlord’s access rights hereunder.

  • Termination of Licenses In the event of a termination of this Agreement by COMPANY pursuant to Article 9.2. 9.3 or 9.4 or by SELEXIS pursuant to Article 9.2 or 9.3, all and any rights and licenses granted under this Agreement shall terminate upon termination of this Agreement, except for the licenses which have become perpetual pursuant to Article 3.1.3.

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