Laserfiche WebLink
200103276 <br />STATE OF NE Unit No. 6320 <br />COUNTY OF <br />DAYS INNS WORLDWIDE, INC. <br />DECLARATION OF LICENSE AGREEMENT <br />The undersigned DAYS INNS WORLDWIDE, INC., a Delaware corporation (the <br />"Company ") and YOGI MOTEL, INC., a Nebraska corporation, ( "Licensee ") declare as <br />follows: <br />1. A License Agreement, dated as of Z�N ,`7�� has been executed by <br />the parties pursuant to which the Company has granted to Licensee the right and license to operate <br />certain lodging premises located at 2620 N. Diers Ave., Grand Island, NE 68803, a legal <br />description of which premises is attached hereto as Exhibit A (the "Premises "), as a "DAYS INN" <br />facility. Such identification and operation is subject to the terms of the License Agreement and the <br />policies and standards established by the Company from time to time, provided that Licensee is <br />solely responsible for the safety, security, operations and maintenance of the Premises, employment <br />of all employees, agents and contractors, and the debts and contracts associated therewith. <br />2. The term of the license to operate the Premises under the "DAYS INN" name extends <br />from the date Licensee is authorized by the Company to open using the "DAYS INN" name for a <br />period of fifteen years, subject to earlier termination as provided in the License Agreement. The <br />license terminates at the earliest to occur of the Term's expiration, Termination or a Transfer as <br />defined in the License Agreement. The license and the License Agreement may not be transferred, <br />assigned, delegated, pledged, hypothecated, donated or conveyed without the prior written consent <br />of the Company. The License Agreement establishes certain conditions that must be satisfied in <br />connection with any transfer. The request for consent must be submitted with the Company's <br />standard license application and approved before the transfer of the Premises. The Company will <br />require the transferee to pay its Relicense and Application Fees and execute its standard form of <br />License Agreement then offered to new licensees prior to approving the transfer. Transfers in <br />violation of the License Agreement are void and cause the license to terminate without notice (or <br />after such other procedure as may be prescribed by local law). The Company will provide no <br />services to the transferred Premises until the transferee executes the documentation required by the <br />Company. <br />3. The Company has also licensed Licensee to use certain computer software necessary to <br />connect the Premises with the Company's central reservation system. Such software license may <br />not be transferred, assigned, delegated, donated, hypothecated, pledged or conveyed without the <br />Company's prior written consent. The software license terminates concurrently with the license <br />granted under the License Agreement. <br />4. The Company loans certain manuals and confidential materials to Licensee for use at the <br />Premises. The Company retains ownership of such manuals and confidential materials and may <br />require the return of the same at any time. All software furnished under the software license, all <br />70046.15/ 19/99 1 <br />