Multi-Unit Development Agreement definition

Multi-Unit Development Agreement means any written or oral contract, agreement, arrangement, license, obligation, promise or undertaking, including any amendments thereto, that is legally binding (including any addendum to any Franchise Agreement) pursuant to which any of the Group Companies grants or has granted the right or option (whether or not subject to certain conditions or qualifications) to acquire any Franchise, including any area license or franchise agreements, multi-unit license or franchise agreements, master license or franchise agreements and similar agreements that cover the development or franchising of Franchises within any area.
View Source

Examples of Multi-Unit Development Agreement in a sentence

  • No Franchisee Party is operating under Multi-Unit Development Agreement or Franchise Agreement that is oral, not fully executed by all parties thereto, or expired.

  • All FDDs that any of the Group Companies has used to offer or sell Multi-Unit Development Agreement rights or Franchises at any time have contained all information required by Franchise Laws and have otherwise been prepared and delivered to prospective Franchisee Parties in compliance with Franchise Laws.

  • Except as disclosed on Schedule 3.21(h), the Group Companies have been, and are in, material compliance with all Multi-Unit Development Agreements, and Franchise Agreements (including the Manuals), and have not received any written or, to the knowledge of the Company, oral notice, demand or claim from a Franchisee Party that any of the Group Companies is in material default under any Multi-Unit Development Agreement or Franchise Agreement.

  • There are no material oral or verbal agreements modifying any of the existing Multi-Unit Development Agreements or Franchise Agreements and none of the Group Companies has waived any material right or benefit of any Group Company, or any material obligation of any Franchisee Party, under any existing Multi-Unit Development Agreement or Franchise Agreement.

  • No existing Multi-Unit Development Agreement or Franchise Agreement is subject to any right of rescission, set-off, counterclaim or defense.

  • The consummation of the transactions contemplated by this Agreement will not cause the violation, breach, acceleration of any right, or termination of any Multi-Unit Development Agreement or Franchise Agreement or give rise to a right of rescission of a Multi-Unit Development Agreement or Franchise Agreement.

  • Effective on ratification of the Collective Agreement, the Board shall conduct teacher performance appraisals in compliance with the Education Act and its Regulations.

  • Except pursuant to the existing Multi-Unit Development Agreements, Franchise Agreements and the offerings listed in the current FDD, none of the Group Companies has entered into nor is bound by any agreements, promises or undertakings (whether written or oral) with any Franchisee Party to reduce current or future franchise fees, royalty fees, advertising fees or other fees under any existing Multi-Unit Development Agreement or Franchise Agreement or any such agreement to be signed after the Signing Date.

  • Except pursuant to the existing Multi-Unit Development Agreements, Franchise Agreements and the offerings listed in the current FDD, none of the Group Companies has entered into nor is bound by any agreements, promises or undertakings (whether written or oral) with any Franchisee Party to reduce current or future franchise fees, royalty fees, advertising fees or other fees under any existing Multi-Unit Development Agreement or Franchise Agreement or any such agreement to be signed after the date hereof.

Related to Multi-Unit Development Agreement

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Development Agreement has the meaning set forth in the Recitals.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.