Subfranchisor definition
Examples of Subfranchisor in a sentence
Schedule 4.19 sets forth the name of each Franchisee and Subfranchisor, his territory, the address of each Franchisee's and Subfranchisor's office, and the scheduled renewal or expiration date of each Franchisee's and Subfranchisor's franchise agreement.
Subfranchisor agrees to comply with all local laws, orders, codes and ordinances applicable to Subfranchisor's business.
Except as set forth on Schedule 4.19, as of the date hereof, there is no material dispute between any of the Conveyed Entities or any of their Subsidiaries, on one hand, and any Franchisee or Subfranchisor, on the other hand.
Subfranchisor shall not be deemed in material default of any provision hereunder if Subfranchisor is diligently pursuing a remedy of such breach, and such breach is one that can be remedied by the actions of Subfranchisor.
Subfranchisor hereby agrees that it will join Franchisor's subfranchisor advertising cooperative association.