Common use of Financial Status Statement Clause in Contracts

Financial Status Statement. A statement by ▇▇▇▇▇▇▇▇▇▇’s Chief Executive Officer either: (i) that in the prior Contract Year there have been no material changes in Franchisee’s financial status or condition; or (ii) describing any material changes in Franchisee’s financial status or condition during that Contract Year.

Appears in 2 contracts

Sources: Franchise Agreement, Franchise Agreement