Hooters definition
Examples of Hooters in a sentence
The balance, if any, to EW Common and Florida Hooters at the rate of 33 1/3 % and 66 2/3 %, respectively, in pari passu.
Interestingly, as the foregoing passage indicates, the Hooters court invoked another doctrine that is part of the general law of contract: the implied covenant of good faith and fair dealing.
Except as described in Section 1.6.3 of this Agreement, the Initial Franchise Fee shall be deemed fully-earned and nonrefundable upon Franchisee’s execution of this Agreement, in consideration of the administrative and other expenses HOA incurs in granting Franchisee its Franchise and in further consideration of HOA’s lost or deferred opportunities to grant Hooters System franchises to others.
HOA may develop advertising programs for the promotion of the Proprietary Marks or merchandise offered at Hooters restaurants, and Franchisee must comply with the requirements of such programs.
On such termination, HOA will retain one-third (1/3) of the Initial Franchise Fee set forth in Section 4.2 of this Agreement to compensate HOA for its costs and administrative expenses spent in granting Franchisee its Franchise, and for its lost or deferred opportunities to grant Hooters System franchises to others.
Landlord shall defend, indemnify, save and hold the Tenant Parties free, clear and harmless from any and all Losses of any kind whatsoever in connection with, arising out of or by reason of the Hooters Renovation other than as a direct and entire result of any gross negligence or willful misconduct of Tenant.
In furtherance of the foregoing, EW Common shall return the $4,000,000 to Florida Hooters concurrent with the occurrence of the earlier of the following events: (y) any re-financing or repayment of the New Financing, or (z) any sale, transfer, assignment or contribution of the Assets to any other person or entity and in either such event, the $4,000,000 shall be distributed to, or paid to, Florida Hooters immediately after payment of the New Financing.
Franchisee agrees to this concept of Reasonable Business Judgment in acknowledgment of the fact that HOA should have at least as much discretion in administering the Hooters System as a corporate board of directors has in directing a corporation and because the long-term interests of the Hooters System, all franchisees and owners of franchised businesses in the Hooters System, and HOA and its owners, taken together, require that HOA have the latitude to exercise Reasonable Business Judgment.
HOA has taken, and shall take or cause to be taken, all steps reasonably necessary to preserve and protect the ownership and validity in Brazil of the Proprietary Marks that HOA has designated for use in the Hooters System in Brazil.
In order to provide for inevitable but unpredictable changes to technological needs and opportunities, Franchisee agrees that HOA shall have the right to establish, in writing, reasonable new standards for the implementation of technology in the Hooters System; and Franchisee agrees that it shall abide by those reasonable new standards established by HOA as if this Section 9 were periodically revised by HOA for that purpose.