Common use of Franchise Clause in Contracts

Franchise. The Purchaser or its designee shall have received, at the Purchaser's option and expense, an assignment or transfer of any existing franchise agreement currently applicable to the Hotel or a new franchise agreement from Holiday Inn Worldwide (the "Franchisor"), together with an estoppel certificate from the existing franchisor in form and substance acceptable to the Purchaser, which the Seller agrees to use its best efforts to obtain.

Franchise. The Purchaser or its designee shall have received, at the Purchaser's option and expense, an assignment or transfer of any existing franchise agreement currently applicable to the Hotel or a new franchise agreement from Holiday Inn Worldwide Choice Hotels International, Inc. (the "Franchisor"), together with an estoppel certificate from the existing franchisor in form and substance acceptable to the Purchaser, which the Seller agrees to use its best efforts to obtain.

Franchise. The Purchaser or its designee shall have received, at the --------- Purchaser's option and expense, an assignment or transfer of any existing franchise agreement currently applicable to the Hotel or a new franchise agreement from Holiday Inn Worldwide Choice Hotels International (the "Franchisor"''), together with an estoppel certificate from the existing franchisor Franchisor in form and substance acceptable to the Purchaser, which the Seller agrees to use its best efforts to obtain.

Franchise. The Purchaser or its designee shall have received, at --------- the Purchaser's option and expense, an assignment or transfer of any existing franchise agreement currently applicable to the Hotel or a new franchise agreement from Holiday Inn Worldwide Choice Hotels International (the "Franchisor"''), together with an estoppel certificate from the existing franchisor Franchisor in form and substance acceptable to the Purchaser, which the Seller agrees agree to use its best efforts to obtain.

Franchise. The Purchaser or its designee shall have received, at the --------- Purchaser's option and expense, an assignment or transfer of any existing franchise agreement currently applicable to the Hotel or a new franchise agreement from Holiday Inn Worldwide Coporation (the "Franchisor"''), together with an estoppel certificate from the existing franchisor Franchisor in form and substance acceptable to the Purchaser, which the Seller agrees agree to use its best efforts to obtain.

Franchise. The Purchaser or its designee shall have received, at the Purchaser's option and expense, an assignment or transfer of any existing franchise agreement currently applicable to the Hotel or a new franchise agreement from Holiday Inn Worldwide Promus Hotels (the "Franchisor"), together with an estoppel certificate from the existing franchisor Franchisor in form and substance acceptable to the Purchaser, which the Seller agrees Sellers agree to use its best efforts to obtain.