Examples of Franchise Agreements in a sentence
For the avoidance of doubt, the inclusion of the CAA in the definition of Ancillary Agreements shall in no way be construed as an admission by either of the Parties as to the status or effect, if any, of the CAA on the Franchise Agreements, and the Parties reserve all rights under the CAA, the Bankruptcy Code, and other applicable law regarding the CAA or with respect to the CAA as it may relate to the Franchise Agreements.
For purposes of this Agreement, prior, affirmative consent, as necessary and applicable, shall be deemed to have been granted by Pizza Hut (in writing) under the applicable Franchise Agreements for the closure of the Closing Restaurants (as defined below).
For the avoidance of doubt, the Debtors retain their rights to relocate a Restaurant due to any unavoidable loss of Restaurant occupancy rights in accordance with the Franchise Agreements.
Following the earlier of the Effective Date, the appointment of a Chapter 11 Trustee, or an order converting the Chapter 11 Cases to Chapter 7, any and all Restaurant closures shall be subject to the Debtors’ or Reorganized NPCI’s, as applicable, then-current closure obligations under the then-applicable Franchise Agreements governing such Restaurants.
Following the Closure Deadline, with respect to any Approved Restaurants that have not been closed, the Debtors or Reorganized NPCI may only close such Restaurants subject to then-current closure obligations under the then-applicable Franchise Agreements governing such Restaurants.