Common use of STORE OPENING Clause in Contracts

STORE OPENING. FRANCHISEE agrees to have the STORE ready to open for business within one hundred eighty (180) days after obtaining possession of the Premises. FRANCHISEE agrees not to open the STORE for business without COMPANY's prior written approval, which will not be granted until: (1) COMPANY determines that the STORE has been constructed, decorated and equipped in accordance with the approved plans and specifications; (2) FRANCHISEE and the manager of the STORE have completed all required training to COMPANY's satisfaction; (3) the initial franchise fee and all other amounts due to COMPANY under this Agreement and any and all other related agreements to which FRANCHISEE is a party have been paid; (4) COMPANY has been furnished with evidence of insurance coverage as required pursuant to Paragraph I of Section 5 of this Agreement; and (5) representatives of COMPANY are available to be present at the opening of the STORE to assist FRANCHISEE with such opening, if COMPANY, deems such assistance to be advisable. FRANCHISEE agrees to open the STORE for business within ten (10) days after receipt of such written notice of approval from COMPANY. COMPANY shall provide FRANCHISEE with such supervisory assistance and guidance in connection with the opening and initial operations of the STORE as COMPANY deems appropriate.