Franchisee Notes Sample Clauses

Franchisee Notes. (a) The Company shall pledge or cause to be pledged Eligible Franchisee Notes in an outstanding unpaid principal amount equal to 1.25 multiplied by the then outstanding principal balance of the Loans (the "Minimum Secured Amount"). The Company shall first pledge Company Franchisee Notes which constitute Eligible Franchisee Notes. To the extent the aggregate unpaid principal balance of such Company Franchisee Notes is less then the Minimum Secured Amount, Xxxxxxxx XXX, Sterling Vision California and/or Sterling DKM shall pledge BOS Franchisee Notes, California Franchisee Notes and DKM Franchisee Notes, respectively, to cover the shortfall. To the extent the Company, Xxxxxxxx XXX, Sterling Vision California or Sterling DKM, collectively, do not have Eligible Franchisee Notes in an aggregate unpaid principal amount equal to the Minimum Secured Amount, the Company shall not be deemed to be in default under this Section 6.13, if the Company, Sterling DKM, Sterling Vision California and/or Xxxxxxxx XXX, has pledged to the Bank Eligible Franchisee Notes in an amount not less than the outstanding principal amount of the Loans and the Company maintains Eligible Royalty Receivables and/or Eligible Rent Receivables in an aggregate amount equal to (x) the sum of the pledged Eligible Franchisee Notes less (y) the Minimum Secured Amount; provided, however, the aggregate amount of Eligible Rent Receivables pledged hereunder shall not exceed $250,000. Eligible Franchisee Notes pledged pursuant to this Section 6.13 shall be held by the Bank pursuant to the terms of the applicable Debt Pledge Agreement. The Bank shall be granted a security interest in all Royalty Receivables and Rent Receivables pursuant to the applicable Security Agreement.
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Franchisee Notes. As of the applicable New Asset Addition Date with respect to a Franchisee Note, acquired or entered into on such New Asset Addition Date:
Franchisee Notes. Unless prohibited by Applicable Law, Borrower hereby authorizes Agent to execute and file any such financing statement on Borrower's behalf. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof.
Franchisee Notes. All the original Franchisee Notes, duly indorsed in favor of the Lender, and the original copy (or a copy thereof, certified as true and correct by the Borrower) of all Franchisee Documents related thereto and as generally described in Schedule 1 hereto;
Franchisee Notes 

Related to Franchisee Notes

  • Notes If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) (promptly after the Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Loans.

  • The Equipment Notes Section 2.01 Authorization, Issuance and Authentication of the Equipment Notes;

  • Exchange Notes The 4.875% Notes due 2026 of the same series under the Indenture as the Notes, to be issued to Holders in exchange for Registrable Notes pursuant to this Agreement.

  • Subordinated Notes The Subordinated Notes have been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchasers in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, and will constitute legal, valid and binding obligations of the Company and enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

  • New Notes For so long as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”) shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes (“Amended Notes”) or additional notes (“New Notes”) reallocating the principal of the Note or Notes that it owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing a Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal balance of the Note or Notes being amended or created, provided that (i) the aggregate principal balance of the Amended Notes and New Notes following such amendments is no greater than the principal balance of the Amended Notes and New Notes prior to such amendments, (ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part prior to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder holding the New Notes shall notify each other Holder, as applicable, and, if any other Note has been included in a securitization, the parties under each applicable PSA, in writing (which may be by email) of such modified allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders for the purpose of reflecting such reallocation of principal or such severing of a Note, (2) if a Note is severed into “component” notes, such component notes shall each have their same rights as the respective original Note, (3) the definition of the term “Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect the New Notes and (4) if Note A-1 is severed into “component” notes, another note (or one of the New Notes) may be substituted for Note A-1 in the definition of “Designated Holder” and “Directing Holder” and the definitions of “Lead Note” and “Lead Securitization” and “Non-Directing Holder” will be revised accordingly. Neither Rating Agency Confirmation nor approval of the Directing Holder shall be required for any amendments to this Agreement required to facilitate the terms of this Section 18(a). The Resizing Holder whose Note is being reallocated or split pursuant to this Section 18(a) shall reimburse the other Holders for all costs and expenses incurred by the other Holders in connection with the reallocation or split.

  • Sale of Notes and Securitization Borrower acknowledges and agrees that the Lender may sell all or any portion of the Loan and the Loan Documents, or issue one or more participations therein, or consummate one or more private or public securitizations of rated single- or multi-class securities (the “Securities”) secured by or evidencing ownership interests in all or any portion of the Loan and the Loan Documents or a pool of assets that include the Loan and the Loan Documents (such sales, participations and/or securitizations, collectively, a “Securitization”). At the request of Lender, and to the extent not already required to be provided by Borrower under this Agreement, Borrower shall use reasonable efforts to provide information not in the possession of Lender or which may be reasonably required by Lender in order to satisfy the market standards to which Lender customarily adheres or which may be reasonably required by prospective investors and/or the Rating Agencies in connection with any such Securitization including, without limitation, to:

  • Value Label Notes Iss Rev PRB Prebound edition In the US, a book that was previously bound, normally as a paperback, and has been rebound with a library-quality hardcover binding by a supplier other than the original publisher. See also the <Publisher> and <RelatedProduct>composites for other aspects of the treatment of prebound editions in ONIX 9 SCH School edition An edition intended specifically for use in schools 0 SIG Signed edition Individually autographed by the author(s) 33 SMP Simplified language edition An edition that uses simplified language (Finnish ‘Selkokirja’) 8 SPE Special edition Use for anniversary, collectors’, de luxe, gift, limited (but prefer codes NUM or UNN as appropriate), autographed (but prefer code SIG as appropriate) edition. Use <EditionStatement> to describe the exact nature of the special edition 1 30 STU Student edition Where a text is available in both student and teacher’s editions 0 TCH Teacher’s edition Where a text is available in both student and teacher’s editions; use also for instructor’s or leader’s editions, and for editions intended exclusively for educators where no specific student edition is available 0 36 UBR Unabridged edition Where a title has also been published in an abridged edition; also for audiobooks, regardless of whether an abridged audio version also exists 0 28 ULP Ultra large print edition For print sizes 20pt and above, and with typefaces designed for the visually impaired – see also LTE 6 28 UNN Edition with unnumbered copies A limited edition in which each copy is not individually numbered – but where the actual number of copies is strictly limited. Use <EditionStatement> to give details of the number of copies printed 30 UXP Unexpurgated edition Content previously considered ‘offensive’ has been restored 0 28 VAR Variorum edition Content includes notes by various commentators, and/or includes and compares several variant texts of the same work 0 28 List 22 Language role code 0 01 Language of text 0 02 Original language of a translated text Where the text in the original language is NOT part of the current product 0 03 Language of abstracts Where different from language of text: used mainly for serials 0 04 Rights language Language to which specified rights apply 0 05 Rights-excluded language Language to which specified rights do not apply 0 06 Original language in a multilingual edition Where the text in the original language is part of a bilingual or multilingual product 5 07 Translated language in a multilingual edition Where the text in a translated language is part of a bilingual or multilingual product 5 08 Language of audio track For example, on a DVD. Use for the only available audio track, or for an alternate language audio track when the original language audio is also present (code 11), or is missing (code 10) 7 35 09 Language of subtitles For example, on a DVD 7 10 Language of original audio track Where the audio in the original language is NOT part of the current product 35

  • General Notes 1. The listing below, may or may not contain all of the potential Project Design Criteria for a Project.

  • Fixed Rate Notes If this Note is specified on the face hereof as a “Fixed Rate Note”:

  • Guidance notes 2. The number of the clause which requires the data is shown in the left hand column for each statement however other clauses may also use the same data

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