Franchise Schedule definition
Examples of Franchise Schedule in a sentence
Since the beginning of the Franchise Schedule Period, all Company FDDs that the Company or any of its Subsidiaries have used to offer and sell Franchises have contained the information required by Franchise Laws and have otherwise been prepared and delivered to prospective Company Franchisees in compliance with applicable Franchise Laws in all material respects.
The Company has made available to Parent and Merger Sub true and complete copies of: (A) each such Company FDD; (B) copies of the listed franchise registrations, notices of exemption, and any orders, decrees issued to, from, or by any state authority under any Franchise Laws during the Franchise Schedule Period; and (C) financial performance representations, if any, used outside of the Company FDDs during the Franchise Schedule Period in connection with the offer or sale of Company Franchises.
Since the beginning of the Franchise Schedule Period, none of the Company or any of its Subsidiaries have, in any Company FDD or in any registration, application or filing with any Governmental Authority made any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading.
As of the Closing Date, except as set forth on the Franchise Schedule, no franchisee association (either independent or sponsored by Borrower) is currently in place on the Closing Date.
Except as set forth on the Franchise Schedule, no right of rescission, set-off, counterclaim or defense with respect to any Franchise Document has been asserted or threatened in writing.
The Franchise Schedule sets forth the name, address and telephone number of each and every current Franchisee, including the city, state and country location of the Restaurant, area development, master franchise or other franchise relationship.
Borrower is duly registered in accordance with all applicable state and foreign laws in which Borrower has issued and maintains or otherwise offers a Franchise as listed on the Franchise Schedule.
Except as set forth on the Franchise Schedule, there is no material term, obligation, understanding or agreement that would modify any material term of a Franchise Agreement or any right or obligation of a party thereunder which is not reflected on the face of such Franchise Agreement (including any offers or promises with respect to any future or contingent subsidies, rebates, discounts, advances or allowances to, or for the benefit of, any or all Franchisees).
Except as set forth in the Franchise Documents and on the Franchise Schedule, there is no limitation on the right of the Company and its Subsidiaries to expand the business and operations of the Company and its Subsidiaries, including the operation and/or franchising of J▇▇▇▇▇ Rockets restaurants as currently conducted or currently proposed to be conducted into any geographic location in the United States.
The Franchise Schedule sets forth a true, correct and complete list of all Franchise Documents (and all amendments thereto and all side letters affecting the obligations of any party thereunder) to which the Company or any of its Subsidiaries is a party or by which any of their properties or assets are bound and any understandings, commitments and agreements to enter into any of the foregoing.