Hub Location definition
Examples of Hub Location in a sentence
As of their respective dates, the SEC Documents (including all exhibits and schedules thereto and documents incorporated by reference therein) complied as to form in all material respects with the Exchange Act and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not false or misleading.
For purposes of this remedy, non-achievement of the Service Level at a Gateway - Hub Location that causes non-achievement of the same Service Level at other Locations will be counted as one event of non-achievement.
We need not send representatives to your Annex Locations (even if this is your first KIDVILLE Facility franchise) or to a third or subsequent Hub Location you develop.
Subject to this Agreement’s terms, we grant you a franchise (the “Franchise”) to operate a KIDVILLE Facility (the “FACILITY”) within the Territory, and to use the Franchise System in its operation, for a term (the “Term”) beginning on the Effective Date and expiring ten (10) years from the date on which your Hub Location (defined below) commences operation.
You agree to pay us a one-time and, except as provided in Subsection 4.A.(1), nonrefundable initial franchise fee equal to One Hundred Eighty Thousand Dollars ($180,000), which consists of Seventy-Five Thousand Dollars ($75,000) for the Hub Location and Thirty-Five Thousand Dollars ($35,000) for each Annex Location you have agreed to develop within the Territory (a minimum of three (3)).
The Hub Location is the larger, main operating center for the Franchise at which you will provide all required Services and sell all required Products associated with a KIDVILLE Facility and maintain your primary management, administrative, staffing, and training functions.
For purposes of this remedy, non-achievement of the Service Level at a Gateway - Hub Location that causes non- achievement of the same Service Level at other Locations will be counted as one event of non-achievement.
Any transfer of the FACILITY must include all assets of the Hub Location and all Annex Locations.
Except as provided in subparagraph (6) below, we (and any affiliates that we have from time to time) may not during the Term establish and operate, or grant to others the right to establish and operate, another KIDVILLE Facility the Hub Location for which is physically located within the Territory.
We will send our representative(s) to your Hub Location before you begin conducting Classes or during your first semester (i.e., four months) of operation (at our option).