Franchise Assets means the property, rights and liabilities designated as such pursuant to paragraph 1 of Schedule 14.4 (Designation of Franchise Assets) but excluding such property, rights or liabilities as shall, in accordance with the terms of the Franchise Agreement, cease to be so designated;
Franchise Assets means, with respect to the Franchise Holder, (a) the Contributed Franchise Agreements and all Franchisee Payments thereon; (b) the Contributed Development Agreements and all Franchisee Payments thereon; (c) the New Franchise Agreements and all Franchisee Payments thereon; (d) the New Development Agreements and all Franchisee Payments thereon; (e) all rights to enter into New Franchise Agreements and New Development Agreements; (f) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged, or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to the Franchise Holder under the Franchise Agreements or the Development Agreements and all guarantees of such obligations and the rights evidenced by or reflected in the Franchise Agreements or the Development Agreements; and (g) all payments, proceeds and accrued and future rights to payment on the items described in clauses (a) through (f).
Franchise Assets means, (i) the Contributed Franchise Agreements and all Franchisee Payments thereon; (ii) the Contributed Development Agreements and all Franchisee Payments thereon; (iii) the New Franchise Agreements and all Franchisee Payments thereon; (iv) the New Development Agreements and all Franchisee Payments thereon; (v) all rights to enter into New Franchise Agreements and New Development Agreements; (vi) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged, or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to such Franchise Entity under the Franchise Agreements or the Development Agreements and all guarantees of such obligations and the rights evidenced by or reflected in the Franchise Agreements or the Development Agreements, in each case together with all payments, proceeds and accrued and future rights to payment thereon.
Examples of Franchise Assets in a sentence
Permit any Unrestricted Subsidiary to (i) own, or possess the right to use, any Intellectual Property, or (ii) own any of the material economic rights derived from any Intellectual Property, in each case with respect to clause (i) or (ii), covering the Cystic Fibrosis Drug Franchise Assets.
It shall be the responsibility of DLRL to undertake all repairs, replacements and rectification works required to make good any damage to any Franchise Assets resulting from a Force Majeure Event.
And with that, Madam President, if it's okay with you, I would like to yield to Senator Champagne.
Notwithstanding the contents of such schedule, DLRL or its representatives may at any time carry out any condition audits in relation to the Franchise Assets or audits of compliance by the Franchisee with its obligations in relation to management and maintenance of the Franchise Assets.
The plans for mobilisation should be consistent with this requirement.In relation to the Great Western franchise specifically, it should be noted that some Class143 trains are Primary Franchise Assets and are therefore not secured via ROSCO leases.
More Definitions of Franchise Assets
Franchise Assets means, collectively, with respect to Arby’s Franchisor, (i) all Contributed Franchise Agreements and Contributed Development Agreements and all Franchisee Payment Amounts thereon; (ii) all New Franchise Agreements and New Development Agreements for Branded Restaurants in the Securitization Jurisdictions and all Franchisee Payment Amounts thereon; (iii) all rights to enter into New Franchise Agreements and New Development Agreements for Branded Restaurants in the Securitization Jurisdictions; (iv) the Franchisee Notes, if any; and (v) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to Arby’s Franchisor under its respective Franchise Agreements or Development Agreements and all guarantees of such obligations and the rights evidenced by or reflected in the Franchise Agreements or the Development Agreements, including, without limitation, with respect to any Future Brands developed or acquired after the Closing Date and contributed to a Securitization Entity, together, in each case, with all payments, proceeds and accrued and future rights to payment thereon.
Franchise Assets means, with respect to the Franchisor, (A) the Contributed Franchise Agreements, the Contributed Securitized Authorized Vendor Contracts, the Contributed Area Development Agreements, and all Royalty Payments, Vendor Commissions and Other Franchisee Payments payable thereunder or in respect thereof; (B) the New Franchise Agreements, New Securitized Authorized Vendor Contracts, the New Area Development Agreements and all Royalty Payments, Vendor Commissions and Other Franchisee Payments payable thereunder or in respect thereof; (C) all rights to enter into New Franchise Agreements, New Securitized Authorized Vendor Contracts and New Area Development Agreements; (D) all Webjoin Fees and Payment Processor Rebates; and I any and all other property of every nature, now or hereafter transferred, mortgaged, pledged, or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to the Franchisor under the Franchise Agreements, Securitized Authorized Vendor Contracts or the Area Development Agreements, as applicable, and all guarantees of such obligations and the rights evidenced by or reflected in the Franchise Agreements, Securitized Authorized Vendor Contracts or the Area Development Agreements, as applicable.
Franchise Assets means the property, rights and liabilities designated as such pursuant to paragraph 1 of Schedule 14.4 (Designation of Franchise Assets) but excluding such property, rights or liabilities as shall, in accordance with the terms of the Franchise Agreement, cease to be so designated; Franchise Commencement Date means the date and, where relevant, the time stated in the Certificate of Commencement as being the date on which (and, where relevant, the time at which) the Franchisee is to commence operating the Franchise Services;
Franchise Assets means collectively, (x) with respect to Taco Bxxx Franchisor, (i) all New Franchise Agreements for Branded Restaurants in the Securitization Jurisdiction and all Franchisee Payment Amounts thereon; (ii) all rights to enter into New Franchise Agreements for Branded Restaurants in the Securitization Jurisdiction; (iii) the Franchisee Notes, if any, with respect thereto; (iv) the Company-Owned Restaurant Master Franchise Agreements; and (v) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to Taco Bxxx Franchisor under its Franchise Agreements and all guarantees of such obligations and the rights evidenced by or reflected in such Franchise Agreements, including, without limitation, with respect to any Future Brand developed or acquired after the Original Closing Date and contributed to a Securitization Entity, and (y) with respect to Franchise Holder, (i) all Contributed Franchise Agreements and all Franchisee Payment Amounts thereon; (ii) the Franchisee Notes, if any, with respect thereto; and (iii) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to Franchise Holder under its Franchise Agreements and all guarantees of such obligations and the rights evidenced by or reflected in such Franchise Agreements, together, in each case, with all payments, proceeds and accrued and future rights to payment thereon.
Franchise Assets means, collectively, with respect to Wingstop Franchisor (i) all Contributed Franchise Agreements and Contributed Development Agreements and all Franchisee Payment Amounts thereon; (ii) all New Franchise Agreements and New Development Agreements and all Franchisee Payment Amounts thereon, (iii) all rights to enter into New Franchise Agreements and New Development Agreements for Branded Restaurants; (iv) the Franchisee Notes, if any; and (v) any and all other property of every nature, now or hereafter transferred, mortgaged, pledged or assigned as security for payment or performance of any obligation of the Franchisees or other Persons, as applicable, to Wingstop Franchisor under its Franchise Agreements and Development Agreements and all guarantees of such obligations and the rights evidenced by or reflected in such Franchise Agreements and Development Agreements, together, in each case, with all payments, proceeds and accrued and future rights to payment thereon.
Franchise Assets all real and personal property of the Company or any Subsidiary sold or otherwise transferred to any franchisee of the Company or such Subsidiary pursuant to the company's on-going franchise program, in the ordinary course of such program and pursuant to customary documentation of the Company or such Subsidiary for such purpose.
Franchise Assets means the property, rights and liabilities