Contracts and Franchises Clause Samples
The "Contracts and Franchises" clause defines the rights and obligations of the parties regarding entering into, maintaining, or transferring contracts and franchise agreements. Typically, this clause outlines the procedures for approval, assignment, or termination of such agreements, and may specify conditions under which a party can grant or operate a franchise. Its core function is to ensure that all contractual and franchise relationships are managed transparently and in accordance with agreed terms, thereby reducing disputes and clarifying each party's authority and responsibilities.
Contracts and Franchises. The Borrower shall maintain in force all contracts and franchises necessary for the conduct of the Borrower’s business and for the operation of the Real Property in accordance with good commercial practice.
Contracts and Franchises. To the best of the Borrower’s knowledge, all contracts and franchises necessary for the conduct of the Borrower’s business and for the operation of the Real Property in accordance with good commercial practice are in force.
Contracts and Franchises. Borrower shall comply with all agreements or instruments to which it is a party or by which it or any of its properties (now owned or hereafter acquired) may be subject or bound and shall maintain any and all franchises it may have or hereafter acquire, provided that Borrower shall not be deemed to be in violation of this SECTION 7.13 as a result of any failure to comply with any agreement if such failure would not have Material Adverse Effect.
Contracts and Franchises. 7.14. Consents..................................................... 7.15.
Contracts and Franchises. Each Loan Party shall comply with all agreements or instruments to which it is a party or by which it or any of its properties (now owned or hereafter acquired) may be subject or bound and shall maintain any and all franchises material to its business which it may have or hereafter acquire; provided, however, that such Loan Party shall not be deemed to be in violation of this Section 7.15 as a result of failures that in the aggregate would not have a Material Adverse Effect.
Contracts and Franchises. 45 7.16 Site Leases and Consents......................................................................45 7.17
Contracts and Franchises. All contracts and franchises necessary for the conduct of the Mortgagor's business and for the operation of the Real Property in accordance with good commercial practice are in force.
Contracts and Franchises. The Mortgagor shall maintain in force all material contracts and franchises necessary for the conduct of the Mortgagor’s business and for the operation of the Real Property in accordance with good commercial practice.
Contracts and Franchises. Borrower and Guarantor shall comply with all agreements or instruments to which it is a party or by which it or any of its properties (now owned or hereafter acquired) may be subject or bound and shall maintain any and all franchises it may have or hereafter acquire, provided that Borrower and Guarantor shall not be deemed to be in violation of this Section 7.13 as a result of any failure to comply with any agreement if such failure would not have Material Adverse Effect.
Contracts and Franchises. The Borrower shall maintain in force all contracts and franchises necessary for the conduct of the Borrower’s business and for the operation of the Real Property in accordance with good commercial practice. Open-End Mortgage, Security Agreement & Fixture Filing GTJ Portfolio, Shelton, Connecticut AEGON Loan No. 10520105