GAC Franchise Agreement definition

GAC Franchise Agreement means any Contract (and written or oral amendment or modification thereto) between GACCF or NexCen or their respective Affiliate, as a party and as the case may be, and a Franchisee or Franchise Principal, as a counter-party and as the case may be, pertaining to and evidencing the grant of a GAC Franchise.
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Examples of GAC Franchise Agreement in a sentence

  • Except as expressly provided herein to the contrary, each GAC Franchise Agreement shall remain in full force and effect in accordance with and subject to its respective terms and conditions.

  • Notwithstanding anything to the contrary set forth herein or in any GAC Franchise Agreement, if a Franchisee ceases to be a party to a GAC Franchise Agreement in effect as of the date hereof, such Franchisee shall immediately pay NexCen an amount equal to the difference between (x) such Franchisee’s Royalty Payment in respect to such GAC Franchise Agreement minus (y) any Increased Royalty Payments previously made by such Franchisee under this Section 6 in respect to such GAC Franchise Agreement.

  • Notwithstanding anything to the contrary set forth herein or in any GAC Franchise Agreement, if a Franchisee ceases to be a party to a GAC Franchise Agreement in effect as of the date hereof, such Franchisee shall immediately pay NexCen an amount equal to the difference between (x) such Franchisee's Royalty Payment in respect to such GAC Franchise Agreement minus (y) any Increased Royalty Payments previously made by such Franchisee under this Section 6 in respect to such GAC Franchise Agreement.

  • Notwithstanding anything set forth in any GAC Franchise Agreement, each Franchisee agrees that on the tenth day of each month following the Closing Date (each a "Payment Date") until the sixtieth (60th) month following the Closing Date, each Franchisee shall pay to NexCen or its Affiliates, an increased royalty payment under each GAC Franchise Agreement (each, an "Increased Royalty Payment").

  • Notwithstanding anything set forth in any GAC Franchise Agreement, each Franchisee agrees that on the tenth day of each month following the Closing Date (each a “Payment Date”) until the sixtieth (60th) month following the Closing Date, each Franchisee shall pay to NexCen or its Affiliates, an increased royalty payment under each GAC Franchise Agreement (each, an “Increased Royalty Payment”).

Related to GAC Franchise Agreement

  • 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.

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

  • 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.

  • 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).

  • 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.

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

  • Enterprise Agreement means an agreement certified under the Workplace Relations Act 1996 (Cth) or approved under the Industrial Relations Act 1996 (NSW).

  • 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.

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

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

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Vendor Agreement means a contractual agreement for ancillary services or commodities which are not material for the provision of services under the head contract.

  • Franchise insurance means an individual insurance policy provided through a

  • Franchisor means Marriott International, Inc.

  • Reseller Agreement means the separate agreement between Customer and Reseller regarding the Services. The Reseller Agreement is independent of and outside the scope of This Agreement.

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures, contained in Annex 1A to the WTO Agreement;

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • Use Agreement means a written agreement between a primary licensee and a Type S applicant or licensee that specifies the designated area of the Type S licensee, the days and hours in which the Type S licensee is assigned to use the common-use area, any allocation of responsibility for compliance pursuant to Section 40196, and an acknowledgement that the Type S licensee has sole and exclusive use of the common- use area during the Type S licensee’s assigned time period.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Easement Agreement means any conditions, covenants and restrictions, easements, declarations, licenses and other agreements which are Permitted Encumbrances and such other agreements as may be granted in accordance with Section 19.1.

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Software License Agreement means the particular Software License Agreement to which these Terms and Conditions are attached and incorporated into by reference.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.