Franchise System Clause Samples
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Franchise System. You acknowledge and agree that Bendigo Telco is a member of a franchise system and that the Services are provided to Bendigo Telco by certain Suppliers. We will provide you Services using, at our discretion, services and facilities of Suppliers or those of our own.
Franchise System. The Company does not operate and has not operated any franchise system other than the PlayLive Nation franchise system. The Company is the only Person that has sold PlayLive Nation Franchises.
Franchise System. Other than the Franchise System, no member of the Company Group has owned or operated any franchise system. The Franchise System has not been operated outside the U.S.
Franchise System. During the period from the date hereof until the earlier of the Closing and the termination of this Agreement in accordance with its terms, each member of Company Group will continue to operate in the ordinary course of business with regard to the Franchisees, the Franchise Agreements and the operation of the Franchise System, subject to any limitations or restrictions imposed under applicable Franchise Laws as a result of the execution and delivery of this Agreement and the transactions contemplated hereby, and no member of the Company Group shall, without the prior written consent of the Buyer, and whether or not in the ordinary course of business, (i) rescind or cancel any Franchise Agreement, (ii) materially amend, modify, terminate, renew, not renew, or consent to a transfer or assignment of any Franchise Agreement or any Franchised Business, (iii) purchase any Franchised Business, or exercise any option to purchase or right of first refusal related to any Franchised Business, (iv) enter any Contract related to any Franchise Agreement or Franchised Business, whether with a Franchisee or a third party, or (v) offer or sell Franchised Businesses or Franchise Agreements. To the extent Delivery Dudes Franchise System, LLC desires or is required to amend any FDDs to disclose the transaction contemplated by this Agreement, or changes related to the transaction, or other matters, the Seller shall provide Buyer with the proposed FDD changes for Buyer’s review, sufficiently in advance of issuing and filing any amended FDD, to provide Buyer with a reasonable opportunity to comment on and approve such changes.
Franchise System