STORE OPENING Clause Samples

STORE OPENING. MARRIOTT agrees that it will not open its first STORE for business without the COMPANY's prior approval. Immediately following the COMPANY's approval, MARRIOTT shall then open such STORE for business. Thereafter, MARRIOTT shall give the COMPANY prior written notice at least two (2) weeks in advance of any subsequent opening of any STORE, and the COMPANY's approval shall be deemed given unless within five (5) business days following receipt of such notice the COMPANY objects to such opening based upon valid and prudent reasons consistent with the terms and conditions of this Agreement.

STORE OPENING. FRANCHISEE agrees to have the STORE ready to open for business within one hundred eighty (180) days after obtaining possession of the Premises. FRANCHISEE agrees not to open the STORE for business without COMPANY's prior written approval, which will not be granted until: (1) COMPANY determines that the STORE has been constructed, decorated and equipped in accordance with the approved plans and specifications; (2) FRANCHISEE and the manager of the STORE have completed all required training to COMPANY's satisfaction; (3) the initial franchise fee and all other amounts due to COMPANY under this Agreement and any and all other related agreements to which FRANCHISEE is a party have been paid; (4) COMPANY has been furnished with evidence of insurance coverage as required pursuant to Paragraph I of Section 5 of this Agreement; and (5) representatives of COMPANY are available to be present at the opening of the STORE to assist FRANCHISEE with such opening, if COMPANY, deems such assistance to be advisable. FRANCHISEE agrees to open the STORE for business within ten (10) days after receipt of such written notice of approval from COMPANY. COMPANY shall provide FRANCHISEE with such supervisory assistance and guidance in connection with the opening and initial operations of the STORE as COMPANY deems appropriate.

STORE OPENING. FRANCHISEE shall not open the STORE for business without the COMPANY's prior approval. FRANCHISEE agrees to complete the development and open the STORE for business within one hundred twenty (120) days of execution of this Agreement.

STORE OPENING. You agree to complete development of the Store and have the Store ready to open within a reasonable time after obtaining possession of the site for the Store. If you do not open the Store within six (6) months from the effective date of this Agreement, we will have the option to terminate this Agreement upon the giving of written notice to you.

STORE OPENING. You agree not to open the STORE for business until: (1) we approve the STORE and site plan as developed in accordance with our specifications and standards; (2) management and store employee training has been completed to our satisfaction; (3) the franchise fee and all other amounts then due to us have been paid; (4) we have been furnished with copies of all insurance policies required by this Agreement, or such other evidence of insurance coverage and payment of premiums as we request or accept; and (5) other items which we may reasonably require. <PAGE> 12 You must properly staff the STORE prior to opening to handle normally high volumes related to the opening of the STORE. We will supply an operating team that will assist you for a minimum of seven (7) days in the opening of the STORE. If you are developing several STORES pursuant to a Development Agreement, this team will be made available at no charge for the first STORE, one-half of a team will be made available at no charge for the second STORE, a field consultant will be made available at no charge for the third STORE and will be discretionary by us thereafter. "No charge" means we will be responsible for the team's travel, room and board and salaries but you will be responsible for all other charges or expenses.

STORE OPENING. You agree not to open the STORE for business as an IGA Store until we notify you in writing that the STORE meets our standards and specifications for an IGA Store and you provide us certificates for all required insurance policies.

STORE OPENING. You agree to complete development of the Store and have the Store ready to open within a reasonable time after obtaining possession of the site for the Store and in accordance with the lease or other agreement for occupancy of the premises. If you do not open the Store within six

STORE OPENING. LICENSE OWNER agrees not to open the Store for business until: (1) COMPANY notifies LICENSE OWNER in writing that all of LICENSE OWNER's obligations pursuant to Paragraphs A, B, C and D of this Section 4 have been fulfilled; and (2) preopening training of Store personnel has been completed to COMPANY's satisfaction; and (3) all amounts then due to COMPANY and its Affiliates have been paid and all required Guaranties are executed and delivered to COMPANY; and (4) COMPANY has been furnished with copies of all insurance policies required pursuant to this Agreement, or such other evidence of insurance coverage and payment of premiums as COMPANY requests. LICENSE OWNER agrees to comply with these conditions and to be prepared to open the Store for business within one hundred twenty (120) days after the date of this Agreement. COMPANY's determination that LICENSE OWNER has met all of COMPANY's pre-opening requirements shall not constitute a waiver of non-compliance by LICENSE OWNER or of COMPANY's right to demand full compliance with such requirements. LICENSE OWNER further agrees to open the Store for business and commence conduct of business at the Store pursuant to this Agreement within five (5) days after COMPANY gives notice to LICENSE OWNER stating that the Store is ready for opening.

STORE OPENING. 11.1 Franchisee agrees not to open the STORE for business until: (a) Franchisor approves the STORE and site plan as developed in accordance with Franchisor’s specifications and System Standards; (b) All required training has been completed to Franchisor’s satisfaction; (c) Franchisee is in compliance with all Franchise Agreements, Development Agreements, and Commissary Facility Agreements, including the payment of the Initial Franchise Fee and all other amounts then due to Franchisor; (d) Franchisor has been furnished with copies of all insurance policies required by this Agreement, or such other evidence of insurance coverage and payment of premiums as Franchisor requests or accepts; and (e) Other items which Franchisor may reasonably require have been furnished to Franchisor. 11.2 Franchisee must properly staff the STORE prior to opening. Franchisor will supply at no charge an opening team that will assist Franchisee for a minimum of seven (7) days in the opening of the STORE. However, if Franchisee is developing several Krispy Kreme Stores or Commissary Facilities pursuant to a Development Agreement, this team will be made available at no charge for the first Krispy Kreme Store or Commissary Facility, one-half of a team will be made available at no charge for the second Krispy Kreme Store or Commissary Facility, a field consultant will be made available at no charge for the third Krispy Kreme Store or Commissary Facility and a field consultant may or may not be made available at no charge for any subsequent Krispy Kreme Stores or Commissary Facilities, at Franchisor’s sole discretion. “No charge” means Franchisor will be responsible for the team’s travel, room and board, and salaries, but Franchisee will be responsible for all other charges or expenses.