Common use of Termination by Franchisee Clause in Contracts

Termination by Franchisee. Franchisee shall have the right to terminate this Agreement if Franchisor materially fails to comply with this Agreement and fails to cure its default within thirty (30) days after delivery of written notice of the default from Franchisee. Notwithstanding the foregoing, if the breach is curable but is of a nature which cannot reasonably be cured within such thirty (30) day period and Franchisor has commenced and is continuing to make good faith efforts to cure the breach, Franchisor shall be given an additional reasonable period of time to cure the same, and this Agreement shall not terminate. Any termination by Franchisee other than in accordance with this Section will be deemed a termination by Franchisee without cause.

Appears in 3 contracts

Samples: Agreement, Agreement, Franchise Agreement (Quiznos Corp)

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Termination by Franchisee. Franchisee shall have the right to terminate this Agreement Agreement, if Franchisor materially fails to comply with this Agreement and fails to cure its default within thirty (30) 30 days after delivery of written notice of the default from Franchisee. Notwithstanding the foregoing, if the breach is curable curable, but is of a nature which cannot be reasonably be cured within such thirty (30) -day period and Franchisor has commenced and is continuing to make good faith efforts to cure the breachbreach during such 30-day period, Franchisor shall be given an additional reasonable period of time to cure the same, and this Agreement shall not terminate. Any termination by Franchisee other than in accordance with this Section will be deemed a termination by Franchisee without cause.

Appears in 1 contract

Samples: Franchise Agreement (Quiznos Corp)

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