Extra-Territorial Restaurant Caps Sample Clauses

Extra-Territorial Restaurant Caps. During the Term the Extra-Territorial Restaurant Cap is 10 New Developer Restaurants. Any Extra-Territorial Restaurants developed and opened by Area Developer during the Term, up to the Extra-Territorial Restaurant Cap shall count towards the Cumulative Opening Target and fulfillment of Area Developer’s obligations under the Development Schedule and shall be treated as a New Developer Restaurant under the terms of this Agreement including, but not limited to, the amount of Franchise Fees, Royalty and Advertising Contribution set forth in this Agreement. Any Extra-Territorial Restaurants developed and opened by Area Developer during the Term in excess of the applicable Extra- Territorial Restaurant Cap shall not count towards the fulfillment of Area Developer’s obligations under the Development Schedule and the amount of Franchise Fees, Royalty and Advertising Contribution set forth in the New Developer Restaurant Franchise Agreements for such Restaurants shall be the Base Fee amounts for the entire term of such New Developer Restaurant Franchise Agreements.
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Related to Extra-Territorial Restaurant Caps

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  • SERVICE XXXX USE A. Controlled Affiliate recognizes the importance of a comprehensive national network of independent BCBSA licensees which are committed to strengthening the Licensed Marks and Name. The Controlled Affiliate further recognizes that its actions within its Service Area may affect the value of the Licensed Marks and Name nationwide.

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