No Further Right to Payment Clause Samples

No Further Right to Payment. Upon termination or expiration of this Agreement, the Marketer forfeits all fees paid to the Franchisor and remains liable to the Franchisor for all amounts due to the Franchisor on the date of termination or expiration. The Marketer shall have no further right to receive payment of commissions or Service Fees from the Franchisor, except for those commissions or Service Fees which have been fully earned by the Marketer up through the date of such termination or expiration. For purposes of this Agreement, "fully earned" commissions shall mean commissions due on franchise sales for which all conditions described in Section 6.1 of this Agreement have been met or fulfilled for the purchase of a franchise for a PAK MAIL Center to be located within the Territory by the Marketer. "Fully earned" Service Fees shall mean those Service Fees which accrue up through the date of termination which are otherwise owed to the Marketer. The Franchisor shall have the right to immediately assume control of and manage all franchise sales in the Territory and to receive all Service Fees from Franchisees in the Territory. Any fully earned commissions or Service Fees which are due to the Marketer will be paid by the Franchisor in accordance with the provisions of Article 6 of this Agreement.
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No Further Right to Payment. 23 17.7. Continuing Obligations.....................................23 17.8. State and Federal Law......................................23
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No Further Right to Payment. Upon expiration or termination of this Agreement, AD forfeits all fees paid to Franchisor and remains liable to Franchisor for all amounts then due to Franchisor. AD shall have no further right to receive payment of commissions or Royalty Fees from Franchisor, except for those commissions or Royalty Fees which have been fully earned by AD up through the date of expiration or termination. For purposes of this Agreement, "fully earned" commissions shall mean commissions due on franchise sales for which all conditions described in Section 6.1 have been fulfilled by AD for the purchase of a franchise for a QUIZNO'S Restaurant to be located within the Territory. "Fully earned" Royalty Fees shall mean those Royalty Fees which accrue up through the date of expiration or termination which are otherwise owed to AD. Franchisor shall have the right immediately to assume control of and manage all franchise sales in the Territory and to receive all Royalty Fees from Franchisees in the Territory. Any fully earned commissions or Royalty Fees which are due to AD will be paid in accordance with the provisions of Section 6.
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No Further Right to Payment. Upon termination of this Agreement, Master Franchisee forfeits all fees paid to Franchisor and remains liable to Franchisor for all amounts due to Franchisor on the date of termination. Master Franchisee shall have no further right to receive payment of commissions or Royalty Fees from Franchisor, except for those commissions or Royalty Fees which have been fully earned by Master Franchisee up through the date of such termination and except for those commissions described in Section 6.6, if applicable. For purposes of this Agreement, "fully earned" commissions shall mean commissions due on franchise sales for which all conditions described in Section 6.1 have been met or fulfilled for the purchase of a franchise for a Fitness Together Personal Training Studio to be located within the Territory by Master Franchisee. "Fully earned" Royalty Fees shall mean those Royalty Fees which accrue up through the date of termination which are otherwise owed to Master Franchisee. Franchisor shall have the right to immediately assume control of and manage all franchise sales in the Region and to receive all Royalty Fees from Franchisees in the Territory. Any fully earned commissions or Royalty Fees which are due to Master Franchisee will be paid by Franchisor in accordance with the provisions of Section 6.
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Related to No Further Right to Payment

  • No Further Rights After payment of the full amount of the liquidating distributions to which they are entitled, the holders of Series B Preferred Units will have no right or claim to any of the remaining assets of the Partnership.

  • No Further Claims (a) The parties bound by this agreement acknowledge that this Agreement settles all claims in relation to the terms and conditions of employment of the employees to whom it applies and agree that they will not pursue any extra claims during the term of this Agreement. (b) Subject to an employer meeting its obligations to consult arising under this Agreement or a contract of employment, it is not the intent of this provision to inhibit, limit or restrict an employer’s right or ability to introduce change at the workplace.

  • No Further Obligations Except as expressly provided above or as otherwise required by law, the Company will have no obligations to Employee in the event of the termination of this Agreement for any reason.

  • No Further Representations Except for the representations and warranties made by Target in this Article IV (as qualified by the Target Disclosure Memorandum), neither Target nor any other Person makes or has made any express or implied representation or warranty with respect to Target or its Subsidiaries or the respective businesses, operations, assets, liabilities, or conditions (financial or otherwise) of Target or its Subsidiaries, and Target hereby disclaims any such other representations or warranties. In particular, without limiting the foregoing disclaimer, neither Target nor any other Person makes or has made any representation or warranty to Company or any other Person with respect to (i) any financial projection, forecast, estimate, budget, or prospective information relating to Target or any of its Subsidiaries or the respective businesses of Target and its Subsidiaries or (ii) except for the representations and warranties made by Target in this Article IV, any oral or written information presented, delivered, or made available to Company or its Subsidiaries, or any of their representatives, in the course of their due diligence investigation of Target and its Subsidiaries or their negotiation of this Agreement or otherwise in the course of the transactions contemplated hereby. Target also acknowledges and agrees that (i) except as expressly set forth in Article V (including the related portions of the Company Disclosure Memorandum), neither Company nor any other Person makes or has made any express or implied representation or warranty with respect to Company or its Subsidiaries or the respective businesses, operations, assets, liabilities, or conditions (financial or otherwise) of Company or its Subsidiaries and (ii) any such other representations or warranties are specifically disclaimed and Target did not rely on any representation or warranty not contained in Article V (as qualified by the Company Disclosure Memorandum) when making its decision to enter into this Agreement and will not rely on any such representation or warranty in deciding to consummate the transactions contemplated by this Agreement.

  • No Further Changes 2.1 Other than the specific amendment agreed upon herein, all other terms of the Employment Agreement shall remain unchanged, shall be in full force and effect, and shall govern this Amendment.