Business Development Transactions Sample Clauses

Business Development Transactions. The Manager will enter into Business Development Transactions on behalf of the Securitization Entities. To enter into Business Development Transactions, the Manager may, without limitation, (a) develop a restaurant and subsequently sell such restaurant to one or more Franchisees; (b) purchase an asset and subsequently resell such asset to one or more Franchisees (excluding any Refranchising Asset Dispositions); and (c) resell, transfer or otherwise dispose of a Franchise Arrangement or Franchised POD Lease that results in the replacement of a Franchise Arrangement or Franchised POD Lease with one or more New Franchise Arrangements or Franchised POD Leases, including, without limitation, any resale, transfer, termination or creation (or combination thereof) of a Securitization Entity’s interest in a Franchise Arrangement or Franchised POD Lease. The consideration for any Business Development Transaction may consist of cash, a Franchisee Promissory Note, other non-cash consideration agreed by the Manager in accordance with the Managing Standard or any combination thereof. The Manager may engage in Business Development Transactions with current and future Franchisees. The Manager shall deposit or cause to be deposited all Business Development Transaction Receipts into the applicable Concentration Account. Within three (3) Business Days following receipt of any Business Development Transaction Receipts, the Manager shall transfer such amounts to an account maintained by the Manager or a Sub-Manager, as applicable, to fund, or to reimburse itself for, current or future Business Development Transaction Expenses. Within three (3) weeks after the end of each Monthly Fiscal Period, the Manager shall transfer to the Collection Account an amount equal to the Business Development Transaction Net Gain with respect to the Monthly Fiscal Period immediately preceding such date.
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Business Development Transactions. Except as set forth on Section 2.25 of the Company Disclosure Schedule, none of the Acquired Companies has entered into any Contract to provide goods or services in exchange for anything other than cash payment, including, without limitation, any barter or reciprocal sales transactions or any other similar transaction.
Sample 1
Business Development Transactions. Notwithstanding anything to the contrary in this Article VII or elsewhere in this Agreement or the other Loan Documents, all Business Development Transactions shall be permitted (including, without limitation, under the last sentence of Section 7.5) under this Agreement; provided, that, if such Business Development Transaction would, but for this Section 7.14, be expressly prohibited by this Agreement (a “Specified Business Development Transaction”, then, on and after the date on which the Borrower completes the first Specified Business Development Transaction, Borrower shall at all times maintain Qualified Cash in an amount not less than 125% of the then outstanding principal of all Term Loan Advances; provided that, this requirement shall not apply if the net cash proceeds from such Specified Business Development Transaction are applied to prepay the Obligations in full substantially simultaneously with the closing of such Specified Business Development Transaction.”
Sample 1

Related to Business Development Transactions

  • Business Development Provide advice and assistance in business growth and development of Party B. 业务发展。对乙方的业务发展提供建议和协助。

  • Business Development Company Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

  • Status as Business Development Company The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

  • Business Development Company Status The Company, during a period of at least 12 months from the Closing Time, will use its commercially reasonable efforts to maintain its status as a business development company; provided, however, the Company may cease to be, or withdraw its election as, a business development company, with the approval of the board of directors and a vote of stockholders as required by Section 58 of the 1940 Act or any successor provision.

  • Clinical Development Licensee will have sole responsibility for and sole decision making over the clinical development of any Product arising from the Research Program in the Field. Notwithstanding the foregoing, if Licensee wishes to conduct clinical development of a Development Candidate at Penn and Penn has the clinical expertise, interest and ability to run such a trial as assessed at Penn’s sole discretion, such a study will be conducted under a separate Clinical Trial Agreement to be negotiated by the Parties prior to initiation of such study. Such separate clinical trial agreement will include a detailed clinical development plan, including costs and time lines for conducting the Clinical Trial.

  • Mergers, Acquisitions, Sales, etc The Borrower will not be a party to any merger or consolidation, or purchase or otherwise acquire all or substantially all of the assets or any stock of any class of, or any partnership or joint venture interest in, any other Person, or, sell, transfer, convey or lease all or any substantial part of its assets, or sell or assign with or without recourse any Loan, Contracts, Related Security or other Collateral or any interest therein (other than pursuant to and in accordance with the Transaction Documents).

  • Mergers and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, become a party to any merger or consolidation, or agree to or effect any asset acquisition or stock acquisition (other than the acquisition of assets in the ordinary course of business consistent with past practices) except the merger or consolidation of one or more of the Subsidiaries of the Borrower with and into the Borrower, or the merger or consolidation of two or more Subsidiaries of the Borrower.

  • Research and Development (i) Advice and assistance in relation to research and development of Party B;

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • Information Systems Acquisition Development and Maintenance Security of System Files. To protect City Information Processing Systems and system files containing information, Service Provider will ensure that access to source code is restricted to authorized users whose specific job function necessitates such access.

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