Common use of Default for Material Breach of Other Agreements Clause in Contracts

Default for Material Breach of Other Agreements. Franchisee will be in default if Franchisee fails to carry out in all respects its obligations under any lease, mortgage, equipment agreement, promissory note, conditional sales contract, or other contract materially affecting the Coffee Bar to which Franchisee is a party or by which Franchisee is bound, whether or not BRCB is a party thereto, including but not limited to the Area Development Agreement, if any, or any other franchise agreement between Franchisee and BRCB, or if Franchisee’s lease for the Premises is terminated for reason of default by Franchisee.

Appears in 2 contracts

Sources: Franchise Agreement, Franchise Agreement