Franchisee Default Clause Samples

Franchisee Default. If Franchisor declares Franchisee to be in default under the Franchise Agreement, Franchisor may enforce the Franchise Agreement directly against Owner as if Owner were the Franchisee under the Franchise Agreement, and Owner and shall perform, or cause to be performed, the provisions of the Franchise Agreement including, without limitation, Section III on fees, Section VI on operation of the Hotel, Section XIV on insurance and Section XXI on indemnification.

Franchisee Default. The Director may terminate this AGREEMENT, in whole or in part, upon the occurrence of a Franchisee Default and Notice to FRANCHISEE at the times provided in subsection C.

Franchisee Default. Any of the following shall be a Franchisee Default: 32.1.1 the occurrence of an Insolvency Event in relation to the Franchisee or the Guarantor; 32.1.2 the Franchisee being Controlled by a person or persons other than Keolis S.A. or Amey UK plc (provided that changes in the shareholders of Keolis S.A. or Amey UK plc (or their parent undertakings) shall not constitute a Franchisee Default for the purposes of this limb), or the Shareholders holding shares in the Franchisee which are different from their respective shareholding proportions as at the date of this Agreement; 32.1.3 the Franchisee or any of its Affiliates sells, transfers, leases or otherwise disposes of the whole or any part (which is material in the context of the performance of its obligations in this Agreement) of its undertakings, properties or assets by a single transaction or a number of transactions (whether related or not and whether at the same time or over a period of time) without prior consent of DLRL, but in the case of an Affiliate, only if the disposal would have, in the reasonable opinion of DLRL, a material effect on the ability of the Franchisee to perform its obligations in this Agreement; 32.1.4 the occurrence of an event of default under any of the Ancillary Agreements;

Franchisee Default. Franchisee Default" shall mean the occurrence of a” Default" or a “Termination Default” as defined or provided for in the Franchise Agreement.

Franchisee Default. 13.1 Notice of Default and/or Termination of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ Agreement. A. To Combo Units Operated by Miami Subs ("Company-Operated Combo").

Franchisee Default. Franchisor will copy Lender on any notice of default or termination issued to Franchisee under a Franchise Agreement. Lender shall have the right, but not the obligation, upon notice to Franchisor to cure such default on behalf of Franchisee during the time period for cure established in the default notice for any default under the Franchise Agreement. For any default under the Franchise Agreement other than a default of Article III or Section VII.E of the Franchise Agreement, or a default set forth in Sections XVII.B.9 or XVII.B.10 of the Franchise Agreement or a default under Paragraph 8 of the Amendment between Franchisee or Franchisor dated _________, Franchisor shall extend Lender's right to cure for such reasonable period of time beyond the cure period established in the default notice (but in no event for more than an additional thirty (30) days if: (i) the default is not related to health or safety as determined by Franchisor; (ii) the default is susceptible to cure by Lender; (iii) Lender notifies Franchisor of Lender's agreement to cure the default as soon as reasonably possible but no later than the two (2) days prior to expiration of the cure period established in the default notice; (iv) all royalties, fees, charges and other amounts due to Franchisor or any of its affiliates under the Franchise Agreement or in connection with the Hotel are kept current; (v) Lender diligently pursues the cure of the default; and (vi) the Hotel is at all times operated in accordance with the Franchise Agreement except for the specific default described in the default notice. Notwithstanding anything to the contrary stated herein, Lender shall have no obligation to cure any default on behalf of Franchisee. For the avoidance of doubt, Lender and Franchisor agree that after the Franchisee's applicable cure period established in the default notice for LaSalle Bank, N.A. _______________, 2003 Page 2 any default under any Franchise Agreement, for any default that Lender is entitled to an additional cure period under this Section 1, Lender shall have the additional cure period set forth in this Section 1, however if said default is not cured within the applicable cure period established in the default notice and the additional Lender cure period set forth in this Section 1, Franchisor shall have the right to terminate said Franchise Agreement and all of the other Franchise Agreements without any further right of Lender or Franchisee to cure any defaults. Lender and Fr...

Franchisee Default. The following constitute Franchisee Defaults: