Termination of Franchise Agreement. To place Owner and Franchisee in default and to terminate this Agreement and the Franchise Agreement, in which event Owner and Franchisee shall be obligated, jointly and severally, to pay Franchisor the applicable liquidated damages as set forth in Section XVIII.E of the Franchise Agreement.
Appears in 3 contracts
Samples: Relicensing Franchise Agreement (Apple REIT Eight, Inc.), Relicensing Franchise Agreement (Apple REIT Eight, Inc.), Relicensing Franchise Agreement (Apple REIT Eight, Inc.)
Termination of Franchise Agreement. To place Owner and Franchisee in default and to terminate this Agreement and the Franchise Agreement, in which event Owner and Franchisee shall be obligated, jointly and severally, to pay Franchisor the applicable liquidated damages pursuant to a termination occurring with Special Circumstances as set forth in at Section XVIII.E of the Franchise Agreement.
Appears in 3 contracts
Samples: Franchise Agreement, Franchise Agreement (Apple REIT Seven, Inc.), Franchise Agreement (Apple REIT Seven, Inc.)
