Franchise right definition

Franchise right means any government or statutory conferred right to engage in a specific business.
Sample 1

Examples of Franchise right in a sentence

  • Franchise right received by the franchisee from the franchisor either directly or indirectly cannot be transferred to other party with any reasons and ways whatsoever and places wherever, except the franchise agreement contains the clause as referred to in Article of the Government Regulation Number 42 Year 2007.

  • City hereby grants to Contractor, on the terms and conditions set forth herein, the Exclusive Franchise, right and privilege to collect, remove and dispose of, in a lawful manner, Solid Waste, Recyclable Materials, and Organic Materials accumulating in the City’s Service Area that are required to be accumulated and offered for collection to the Contractor in accordance with the City’s Municipal Code, for the Term of and within the scope set forth in this Agreement.

  • In consideration of and as part of the compensation for the Franchise, right, privilege and authority granted herein, the Grantee, its successors and assigns, agree to furnish and shall furnish telecommunications and related services to the Town, the inhabitants thereof, and to persons and corporations within and beyond the Town limits.

  • AND WHEREAS the first part has offered to grant to the Second Part a Franchise right of the first Part, to carry on the Computer Training Business under the same name and style of Xxxxxx Xxxxxx Youth Computer Saksharta Mission (RGYCSM)Vill & P.O - Dakshin Chatra, P.s- Baduria, Dist – North 24 Parganas, and the Second part has agreed to become a Franchise of the First Part.

  • Popularity of biogas plants as quality cooking fuel to rural homes and orgnic manure have created good avenue for livestock solid and liquid wastes.

  • Intangible assets recorded in the book declared by the enterprise include franchise rights of wastewater treatment, details of which are shown as follows: No. Item Date of acquirement Statutory/expected useful life Type/ CategoryOriginalrecorded value (RMB) Book value(RMB) 1 Franchise rights of wastewater treatmentTotal 2011/5/1 30 years Franchise right 24,457,760.42 24,457,760.42 15,865,591.73 15,865,591.73 2.

  • Mhilst there are a number of franchise areas within Sydney, the Sydney Franchise right to be granted to BBX following the implementation of the Share and Unit Sale is currently the largest franchise area in Sydney.

  • For example, SU did not and could not have assigned or transferred any Franchise right to make gas sales to Reata, because Reata stopped selling gas in Edinburg on March 25, 1987, and SU did not buy or merge with RGV until September 30, 1993.63 SU did not assign or transfer any Franchise rights to any other PG&E entity without the City’s consent either.

  • The Floating Interest Rate applicable to an Interest Period shall be determined by Lender as set forth herein; provided, however, that LIBOR for the Interest Period commencing on the Closing Date through and including March 14, 2013 shall be 0.2030%.

  • Subject to the terms and conditions of this Agreement, City grants to Company, and Company accepts from City, the exclusive Franchise, right and privilege to provide Solid Waste Collection, transfer, transport, Recycling, processing, and Disposal services at all Commercial and Industrial Premises, and Multi-Family Customers receiving Refuse Bin service but not Refuse Cart service, within the City.

Related to Franchise right

  • Franchisee means a person to whom a franchise is granted. Franchisee includes the following:

  • Franchise Fee means a direct or indirect payment to purchase or operate a franchise. Franchise fee does not include any of the following:

  • Franchisor means a person who grants a franchise or master franchise, or an affiliate of such a person. Franchisor includes a subfranchisor with regard to its relationship with a franchisee, unless stated otherwise in this section.

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Franchise Area means the present legal boundaries of the City as of the Effective Date, and shall also include any additions thereto, by annexation or other legal means as provided in this Agreement.

  • Subfranchisor means a person who is granted a master franchise.

  • Franchise insurance means an individual insurance policy provided through a

  • New Franchise Agreement means the franchise license agreement to be entered into between Buyer and the Franchisor, granting to Buyer a franchise to operate the Hotel under the Brand on and after the Closing Date.

  • Secured Treasury Management Agreement means any Treasury Management Agreement between any Loan Party and any Treasury Management Bank; provided, that for any of the foregoing to be included as a “Secured Treasury Management Agreement” on any date of determination by the Administrative Agent, the applicable Treasury Management Bank (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination.

  • Franchise Agreements means (a) the Franchise Agreements set forth on Part IV of Schedule 4.01(p) hereto, and (b) any Franchise Agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.01(r).

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Vehicle Term with respect to each Lease Vehicle shall extend from the Vehicle Lease Commencement Date through the earliest of:

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Eligible Ground Lease means a ground lease containing terms and conditions customarily required by mortgagees making a loan secured by the interest of the holder of the leasehold estate demised pursuant to a ground lease, and shall include the following: (a) a remaining term (exclusive of any unexercised extension options) of 30 years or more from the date the applicable Property first becomes an Eligible Property; (b) the right of the lessee to mortgage and encumber its interest in the leased property without the consent of the lessor; (c) the obligation of the lessor to give the holder of any mortgage Lien on such leased property written notice of any defaults on the part of the lessee and agreement of such lessor that such lease will not be terminated until such holder has had a reasonable opportunity to cure or complete foreclosures, and fails to do so; (d) reasonable transferability of the lessee’s interest under such lease, including ability to sublease; and (e) clearly determinable rental payment terms which in no event contain profit participation rights.

  • Management Agreement means the agreement to be entered into between the Borrower and the Manager providing for the ship management and crewing services of the Vessel, such agreement to be in the form and on the terms and conditions required by the Agent;

  • Management Area means the land and waters to which this Act applies by operation of section 4, and includes any land the subject of an agreement under section 11(1)(a);

  • Protected Space Operations means all Launch or Transfer Vehicle activities, ISS activities, and Payload activities on Earth, in outer space, or in transit between Earth and outer space in implementation of the IGA, MOUs concluded pursuant to the IGA, implementing arrangements, and contracts to perform work in support of NASA's obligations under these Agreements. It includes, but is not limited to:

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Qualified Ground Lease means each of the ground leases or ground subleases set forth on Schedule 1.01(d) hereto and for a Future Property means any ground lease (a) which is a direct ground lease or ground sublease granted by the fee owner of real property or a master ground lessee from such fee owner, (b) which may be transferred and/or assigned without the consent of the lessor (or as to which the lease expressly provides that (i) such lease may be transferred and/or assigned with the consent of the lessor and (ii) such consent shall not be unreasonably withheld or delayed) or subject to certain reasonable pre‑defined requirements, (c) which has a remaining term (including any renewal terms exercisable at the sole option of the lessee) of at least twenty (20) years, (d) under which no material default has occurred and is continuing, (e) with respect to which a Lien may be granted without the consent of the lessor (but subject to customary requirements regarding the nature of the holder of such Lien and prior notice to the lessor), (f) which contains customary and reasonable lender protection provisions, including, without limitation, provisions to the effect that (i) the lessor shall notify any holder of a Lien in such lease of the occurrence of any default by the lessee under such lease and shall afford such holder the option to cure such default, and (ii) in the event that such lease is terminated, such holder shall have the option to enter into a new lease having terms substantially identical to those contained in the terminated lease and (g) which otherwise contains no non-customary terms that are material and adverse to the lessee.

  • Security Management Plan means the Supplier's security management plan prepared pursuant to paragraph 3 of schedule 2 an outline of which is set out in paragraph 2.7 of the Order Form as updated from time to time;

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Show Management means Questex Expositions, Questex LLC, its co-sponsors and their respective agents, employees and affiliates; (d) “Hall Manage- ment” means the owner or manager of the facility in which the Show is conducted, and its employees and agents; and (e) “Hall” means the facility in which the Show is conducted.

  • Outside Entity means any:

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.