Franchise Interest definition
Examples of Franchise Interest in a sentence
Accordingly, Purchaser has not asked that Seller make any representation or warranty whatsoever regarding the Franchise Interest.
Purchaser hereby represents and warrants that the assignment of the Franchise Interest to him is authorized under the Operating Agreement of Metro dated May 28, 1998 (the "Operating Agreement") and no consent or approval of Metro or any of its members is required for such transfer.
Seller owns a fifty percent interest (the "Franchise Interest") in Metro Franchising Commissary, L.L.C. ("Metro").
The Stockholders of Seller shall have approved the sale of the Franchise Interest to Purchaser.
The purchase price for the Franchise Interest (the "Purchase Price") shall be $1,000,000 payable by Purchaser in cash at Closing.
As soon as practicable following the date of this Agreement, the Company shall prepare (subject Purchaser's approval of the form and substance) and file with the SEC a Proxy Statement (the "Proxy Statement") which will recommend that the stockholders of the Company approve the Articles Amendment, the sale of the Franchise Interest to ▇▇▇▇▇ and any other matter necessary or desirable in Purchaser's opinion to consummate the transactions contemplated hereby (the "Stockholder Approval Items").
Upon the terms and subject to the conditions set forth in this Agreement, at the Closing (defined herein), Seller shall sell, transfer, assign and convey to Purchaser, and Purchaser shall purchase from Seller, all of Seller's right, title and interest in and to the Franchise Interest.
To the knowledge of APT and its Subsidiaries, no event has occurred that would prevent either APT or any of its Subsidiaries from obtaining any Franchise, easement, equipment rental, interconnection agreement or other contractual right necessary for the future conduct of the business of each PCS System in which it has any Franchise Interest, as now contemplated.
To the knowledge of Aerial and its Subsidiaries, no event has occurred that would prevent either Aerial or any of its Subsidiaries from obtaining any Franchise, easement, equipment rental, interconnection agreement or other contractual right necessary for the future conduct of the business of each PCS System in which it has any Franchise Interest, as now contemplated.
Aerial or one of its Subsidiaries, as the case may be, plan to obtain the respective Franchise, easement, equipment rental, interconnection agreement, and other contractual rights necessary for the conduct of the business as now conducted of each PCS System in which it has any Franchise Interest and is in compliance with all material terms and conditions therewith.