Preferred Vendor Programs Sample Clauses

Preferred Vendor Programs. In addition to our approval of approved suppliers, we may develop certain programs and terms under which we, our affiliates, certain franchise owners or others receive certain negotiated benefits or terms from approved suppliers (“Preferred Vendor Programs”). You must follow all of our policies and procedures for participation in or termination of Preferred Vendor Programs (“Program Rules”). We can refuse or terminate your participation in Preferred Vendor Programs without terminating your Franchise Agreement. And, our Program Rules may include all requirements that you agreed to, and you must agree to, only place or display at the Restaurant (interior and exterior) such signs, emblems, lettering, logos and display materials that we periodically approve in connection with Preferred Vendor Programs. We may, in connection with our Preferred Vendor Programs, designate one or more approved suppliers as an exclusive or the exclusive supplier or suppliers of types, models or brands of Restaurant Materials or Operating Assets or other business services that we approve for EVOS® Restaurants as meeting our specifications and standards in such preferred vendors or other preferred vendors may be required by us to pay to us, the System Fund or through our affiliates, in a manner we designate, monies or provide other benefits as condition of our designation of them as preferred vendors or permission for them to serve as an approved supplier or preferred vendor (collectively “Preferred Vendors”). We may require, and certain approved suppliers we designate as Preferred Vendors may require, that you agree to enter into certain agreements with them (subject to our approval) in connection with our designation of them as Preferred Vendors or approved suppliers or your participation in the Preferred Vendor Program (“Preferred Vendor Agreements”). We may require that we be a party to such Preferred Vendor Agreements with Preferred Vendors. You acknowledge and agree that: (a) monies or other remuneration that we receive in connection with Preferred Vendor Programs or other benefits we receive from Preferred Vendors or approved suppliers is fair and appropriate compensation to us in connection with our active efforts to evaluate them as Preferred Vendors or approved suppliers, our ongoing efforts to monitor and evaluate whether they continue to meet our requirements for participation as Preferred Vendors or approved suppliers and our administration of Preferred Vendor Programs; ...