MFOC definition
Examples of MFOC in a sentence
MFOC may require MFFB to deliver an accounting statement to MFOC in connection with each such payment, in a form reasonably satisfactory to MFOC.
MFOC agrees to provide all franchisees with written notification, in a form approved by CCF, of the existence of this Agreement and the nature and purpose of the funding being provided by CCF under this Agreement.
The parties agree that all of the funding described in this Agreement will be paid to MFOC for the benefit of the entire ▇▇▇.
Neither MFOC nor CCF shall make use of any of the other party's trademarks or logos without the prior written consent of that party, and all use of the other party's trademarks shall inure to the benefit of trademark owner.
MFOC represents and warrants that the terms of the Franchise Agreements authorize MFOC, among other things: (i) to establish those products and materials to be used in the System; (ii) to require that each Franchisee sell or offer for sale only those products, foods, Beverages and other menu items that have been expressly approved by MFOC; and (iii) to designate and approve marketing and advertising programs for the System.
CCF's termination right as set forth in the "Termination" section shall constitute the sole basis of the parties' agreement relating to the rights of CCF in the event that the MFOC or any successor or assignee terminate this Agreement pursuant to this "Transfers and Assignments" provision or otherwise.
MFOC and CCF each represent and warrant that they have the unrestricted right to enter into this Agreement and to make the commitments contained in this Agreement.
MFOC agrees to provide CCF with prompt written notice of any event that terminates its rights to fulfill any of the provisions of this Agreement or that causes MFOC's right on behalf of the System as contemplated by this Agreement to become unenforceable during the Term.
On a quarterly basis of each calendar year throughout the Term, MFOC will provide such financial information, including financial statements, letters that MFOC receives from lenders, representations of MFOC officers, and representations that MFOC receives from auditors, as CCF reasonably requests to confirm that no defaults or material adverse changes have occurred.
MFOC agrees to hold CCF harmless from any and all claims or other costs and liabilities arising out of CCF's payment of funding to MFOC or out of MFOC's failure to provide required disclosures to Franchisees.