Successor Franchise Agreement definition

Successor Franchise Agreement has the meaning set forth in Section 3.2.
Sample 1Sample 2Sample 3
Successor Franchise Agreement means the franchise agreement by and between BKC as franchisor, and Area Developer, as franchisee, pursuant to which, among other things, BKC grants Area Developer a renewal of the license to use the Burger King Marks in connection with the operation of an Existing Developer Restaurant or Acquired Restaurant. The Successor Franchise Agreement shall be in the form that has been previously negotiated between BKC and Area Developer.
Sample 1Sample 2Sample 3
Successor Franchise Agreement means the franchise agreement you must sign at the commencement of any Successor Term to the term of this Agreement.
Sample 1

Examples of Successor Franchise Agreement in a sentence

  • In an economy with very limited legal institutions, the conflicts of interest between large and small shareholders were the main concern of corporate governance.

  • The terms of the Successor Franchise Agreement may be substantially different from the terms of this Agreement and may require the payment of different fees.

  • The board of review of the City of Wisconsin Rapids, Wisconsin, shall be made up of five residents of the city, none of whom shall occupy any public office or be publicly employed.

  • Upon the execution of this Agreement, Franchisor shall lend to Franchisee one copy of the Manuals, unless Franchisee purchased the Licensed Restaurant from an existing franchisee or Franchisee has entered into this Agreement as a Successor Franchise Agreement.

  • Franchisee acknowledges that its right to enter into a Successor Franchise Agreement, and the continuation of the Term of the Franchise Agreement, shall be subject to the continuation of Franchisee’s right to occupy the Location.

  • Concurrently with the execution of the applicable Successor Franchise Agreement, Franchisee shall, and shall cause each of its Affiliates to, execute and deliver to Franchisor a general release, on a form prescribed by Franchisor of any and all known and unknown claims against Franchisor and its Affiliates and their officers, directors, agents, shareholders and employees.

  • The Successor Franchise Agreement may contain provisions that differ materially from any and all of those contained in this Agreement except that no fees, dues or assessments will vary from those described herein with the exception of our right to charge an additional royalty fee of no more than one and one-half percent (1.5%) of Property Room Revenue.

  • The First Successor Franchise Agreement shall include terms substantially similar to the above Sections 3.3.1 through 3.3.3 regarding the form and manner of Franchisee exercising its Successor Franchise Right and entering into the Second Successor Franchise Agreement.

  • The qualifications and conditions for the second Successor Term will be described in the form of Successor Franchise Agreement signed upon the expiration of this Agreement.

  • If Franchisee signs a Successor Franchise Agreement, Franchisee will be required to pay the Monthly Brand Licensing Fee set forth therein.


More Definitions of Successor Franchise Agreement

Successor Franchise Agreement means the First Successor Franchise Agreement or the Second Successor Franchise Agreement, as the context requires.
Sample 1

Related to Successor Franchise Agreement

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • New Franchise Agreement means the franchise license agreement to be entered into between Buyer and the Franchisor, granting to Buyer a franchise to operate the Hotel under the Brand on and after the Closing Date.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Franchise Agreements means (a) the Franchise Agreements set forth on Part IV of Schedule 4.01(p) hereto, and (b) any Franchise Agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.01(r).

  • Franchise Area means the present legal boundaries of the City as of the Effective Date, and shall also include any additions thereto, by annexation or other legal means as provided in this Agreement.

  • Management Agreement means the agreement to be entered into between the Borrower and the Manager providing for the ship management and crewing services of the Vessel, such agreement to be in the form and on the terms and conditions required by the Agent;

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Enterprise Agreement means an agreement certified under the Workplace Relations Act 1996 (Cth) or approved under the Industrial Relations Act 1996 (NSW).

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

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

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Franchisor means a person who grants a franchise or master franchise, or an affiliate of such a person. Franchisor includes a subfranchisor with regard to its relationship with a franchisee, unless stated otherwise in this section.

  • Franchise insurance means an individual insurance policy provided through a

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Franchise Fee means a direct or indirect payment to purchase or operate a franchise. Franchise fee does not include any of the following:

  • Training Agreement means an agreement registered under the provisions of the Industrial and Commercial Training Act 1985.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Franchisee means a person to whom a franchise is granted. Franchisee includes the following:

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Construction Services Agreement means this Construction Services Agreement, together with any duly authorized and executed amendments hereto.