Franchise Rights. Publisher shall have a right of first refusal and last refusal rights (matching rights for all offers made and received) to publish any prequel or sequel to the Product. The terms of such rights shall be negotiated in good faith. In the event the Product sells over 150,000 units, Publisher shall automatically have the right to publish a prequel or sequel and Developer agrees that development costs will not to exceed $300,000 excluding any third-party licensing fee..
Franchise Rights. Seller is in material compliance with the terms, conditions and obligations set forth in the Franchise Agreements for the Stores.
Franchise Rights. Not permit any change, termination, or loss of its or any Subsidiary's rights to operate as a franchisee of Pizza Hut, Inc., which would have a material adverse affect on the Company and its Subsidiaries taken as a whole.
Franchise Rights. Notwithstanding anything elsewhere herein provided, nothing contained in this Agreement shall abrogate, limit or affect any obligation of Licensee under any franchise granted to Licensee.
Franchise Rights. [Intentionally omitted].
Franchise Rights. Lessee owns all of the rights and privileges relative to the franchise rights associated with Roadhouse Grill restaurants, including, without limitation, any and all trade secrets, tradenames and trademarks relative thereto (collectively, the "Franchise Rights"), free and clear of any and all rights, liens, interests, claims, and encumbrances, except for the rights and privileges granted to Lessee's approved franchisees. Lessee has the right to operate the Premises as a Roadhouse Grill restaurant during the Lease Term.
Franchise Rights. NPCI will not and will not permit the Company or any Guarantor to take any action or fail to take any action which results in the loss of any franchise agreement, license, or other permit which would preclude NPCI, the Company or such Guarantor from operating such franchise under the name "Pizza Hut," or such other names as are designated in the respective franchise agreements if such loss materially adversely affects the business operations or profitability of NPCI or the Company and such Guarantors taken as a whole. In addition to, and not in limitation of, the foregoing restrictions, NPCI shall, and shall cause each Subsidiary which is a Pizza Hut franchisee to, (i) in the case of any such Subsidiary, on or before June 30, 1997, amend its organizational documents and other agreements to the extent necessary to comply with the provisions of its respective franchise agreement relating to restrictions on the disposition of ownership interests and (ii) in the case of NPCI, on or before June 30, 1997 amend its organizational documents and other agreements to the extent necessary to comply with provisions of its respective franchise agreement relating to restrictions on the disposition of ownership interests or, in the alternative in the case of NPCI, deliver to the holders and maintain in full force and effect the agreement of Pizza Hut, Inc. substantially in the form of the letter agreement dated May 14, 1997, attached hereto as Exhibit I, without material breach or violation of such letter agreement. (9)
Franchise Rights. Back Yard Burgers, Inc. will grant Individuals the exclusive option to purchase the franchise rights for the cities of Hot Springs, Malvern, Arkadelphia and Bryant, Arkansas. The purchase price will be the price in effect under the then current Back Yard Burgers, Inc. Uniform Franchise Offering Circular. This option, if not exercised, will expire if this Agreement is terminated, or December 31, 2003, whichever is sooner.
Franchise Rights. Except as disclosed in SCHEDULE 4.7 annexed hereto, the Seller is in compliance in all material respects with all of its obligations under its franchise agreements for its Volkswagen and Volvo dealerships, and neither the Seller nor either of the Stockholders has received any notice of any pending default, event of default or termination or threatened termination thereunder. To the best of the Seller's and the Stockholders' knowledge, the franchisors under such agreements are in compliance in all material respects with their respective obligations under such franchise agreements. Neither the Seller nor either of the Stockholders has any reason to believe that such franchisors will not consent (to the extent required under such franchise agreements) to the assignment of such franchise agreements to the Buyer hereunder, and the continued operation of the Business by the Buyer from and after the Closing Date.
Franchise Rights. 2 B. Management Rights 2 C. Development Rights 2 D. Equipment and Tenant Improvements 3 E. Software Rights 3 F. Trademark and Service Xxxx Rights 3 G. Inventory and Restaurant Cash 3
