Examples of Qualified Franchisor in a sentence
Notwithstanding the foregoing, Borrower or Operating Tenant may terminate a Franchise Agreement provided that Borrower simultaneously enters into a Replacement Franchise Agreement with a Qualified Franchisor.
In the event that any Franchise Agreement expires or is terminated (without limiting any obligation of Borrower to obtain Lender’s consent to any termination or modification of any Franchise Agreement in accordance with the terms and provisions of this Agreement), Borrower shall cause Mortgage Borrower and Baltimore Owner to promptly enter into a Replacement Franchise Agreement with Franchisor or Qualified Franchisor, as applicable.
Head checks are completed at school on an as needed basis.Fairview Independent Schools Attendance Policy 09.123 Excused Absences An excused absence or tardiness is one for which work may be made up, such as:1.
In connection with the replacement of Manager with a Qualified Manager, Borrower shall: (A) execute and cause Qualified Manager to execute an assignment of management agreement and subordination of management fees in the form then used by Lender and (B) execute and cause Qualified Franchisor to execute an assignment of franchise agreement and subordination of franchise fees in the form then used by Lender, as applicable.
In the event that the Franchise Agreement expires or is terminated (without limiting any obligation of Operating Lessee to obtain Lender’s consent to any termination or modification of the Franchise Agreement in accordance with the terms and provisions of this Agreement), Operating Lessee shall promptly replace the Franchisor with a Qualified Franchisor approved by Lender on terms and conditions satisfactory to Lender.