Restaurant Concepts Sample Clauses
The 'Restaurant Concepts' clause defines and outlines the specific themes, styles, or operational models that a restaurant will follow under an agreement. It typically details the type of cuisine, branding elements, and unique features that distinguish the restaurant, such as a fast-casual burger bar, a fine dining Italian eatery, or a themed café. By clearly specifying these concepts, the clause ensures both parties have a mutual understanding of the intended business model and helps prevent disputes over deviations from the agreed-upon restaurant identity.
Restaurant Concepts. So long as no Default has occurred and is continuing or would be caused thereby, make investments in restaurant concepts and joint ventures (including, without limitation, by the issuance of Guarantees of the obligations of such restaurant concepts and joint ventures), and whether directly or through one or more Subsidiaries, for the operation of restaurants so long as the total amount of all such investments at any time (after subtracting therefrom the amount of cash returns received on any such investments) does not exceed, when aggregated with all investments in Subsidiaries described in and permitted under subclause (B) to clause (vii) of this Section 5.20, ten percent (10%) of the sum of (A) Borrower's Stockholders Equity at any time PLUS (B) the amount of the TECONS at such time;
Restaurant Concepts. Notwithstanding any other prohibition or restriction thereon heretofore existing in respect of investment in restaurant concepts and joint ventures under Section 5.20(x) of the Credit Agreement, so long as no Default has occurred and is continuing or would be caused thereby, the Borrower may invest up to $1,000,000, in the aggregate, in the "San Marzano" restaurant con▇▇▇▇/▇▇int venture subsequent to the Amendment Date (the amount of investment by the Borrower therein as of the Amendment Date being zero); provided, however, that, subsequent to the Amendment Date no further investments may be made pursuant to said Section 5.20(x), of whatever sort, in any restaurant concept or joint venture except for the aforementioned "San Marzano" investment.
Restaurant Concepts. So long as no Default has occurred and is continuing or would be caused thereby, the Lessee may invest up to $1,000,000, in the aggregate, in the "San Marzano" restaurant ▇▇▇▇▇pt/joint venture subsequent to the Amendment Date (the amount of investment by Lessee therein as of the Amendment Date being zero); provided, however, that, subsequent to the Amendment Date no further investments may be made pursuant to said Section 5.20(x), of whatever sort, in any restaurant concept or joint venture except for the aforementioned "San Marzano" investment.
7. Amendment to Existing Section 5.19(k): Section 5.19(k) of the Participation Agreement (Other Advances) is hereby amended by deleting Section 5.19(k) in its entirety and substituting in its place the following revised Section 5.19(k):