BK Assets definition

BK Assets means those Real Properties which are 100% owned by the Consolidated Parties as of the Closing Date (but not purchased following the Closing Date) with respect to which there exists a currently effective franchise agreement with Burger King Corporation.
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BK Assets means all right, title and interest, at the time of Closing, of ASD, the other Sellers and their respective Affiliates (including the B&K Companies and their Subsidiaries) in the B&K Business and in all Assets primarily used or primarily held for use in connection with the B&K Business (excluding the Excluded Assets and excluding IT Assets and any Intellectual Property and any real property and any interests therein, except to the extent specifically included pursuant to one or more of the clauses below in this definition) including:
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Examples of BK Assets in a sentence

  • If any Party determines, after the Closing Date, that any of ASD or the Retained Subsidiaries owns any B&K Assets that should have been transferred to the Asset Buyers hereunder, then the relevant Seller shall transfer, assign and convey, or shall cause such B&K Asset to be transferred, assigned and conveyed, to the Buyer or its designee without any consideration therefor.

  • Each Buyer has conducted its own evaluation of the B&K Business and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of its purchase of the applicable B&K Companies Stock, the Joint Venture Interests and the B&K Assets and of its assumption of the International Assumed Liabilities or Americas Assumed Liabilities, as the case may be.