Company Owned Restaurants definition

Company Owned Restaurants means, collectively, the Branded Restaurants that are owned and operated by any Non-Securitization Entity.
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Company Owned Restaurants means each restaurant that satisfies the following requirements: (1) the Borrower or a Consolidated Subsidiary has a direct or indirect ownership interest in the entity that owns such restaurant; (2) the entity that owns and operates such restaurant is organized as a partnership or limited liability company in which the Borrower or a Consolidated Subsidiary is a general partner or managing member; or (3) the Borrower or a Consolidated Subsidiary Controls the entity that owns and operates such restaurant.
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Examples of Company Owned Restaurants in a sentence

  • Except for Company Owned Restaurants and Development Joint Ventures, neither the Borrower nor any Subsidiary is a general partner in any Joint Venture, other than a Subsidiary that is a corporation, the sole assets of which consist of its interest in such Joint Venture.

  • Except for Company Owned Restaurants and Development Joint Ventures, the Borrower shall not become a general partner in any general or limited partnership or joint venture, or permit any of its Subsidiaries to do so, other than any Subsidiary that is a corporation and the sole assets of which consist of its interest in such partnership or joint venture.

  • AD shall not receive any Sales Services Commissions for QUIZNO'S Restaurants owned and operated by Franchisor or its affiliates or designees ("Company Owned Restaurants") in the Territory, if any, or as provided in Section 6.1.

  • The Buyer understands that the number of such Company Owned Restaurants on the Closing Date, and covered by the Exclusive Distribution Agreement, may be less than the number of Company Owned Restaurants on the date hereof as a result of the ongoing refranchising process by the Restaurant Companies.

  • During the term of this Agreement, Licensor shall be paid a commission in an amount equal to 25% of the total initial franchise fees paid to Company ("SITE SERVICES COMMISSION") by any Qualified Bain's Franchisee, payable within 00 xxys after the Qualified Bain's Franchisee's Bain's Deli rxxxxxxant commences xxxxxxions, upon Licensor's completion of the Site Services as described in Section 6.2. Licensor shall not receive Site Services Commissions for Company Owned Restaurants.

  • Attached hereto as Exhibit Q is a list of the Company Owned Restaurants on the date hereof.

Related to Company Owned Restaurants

  • Company Owned Real Property shall have the meaning set forth in Section 3.12(a).

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Minority Owned Business Enterprise or "MBE" means a firm awarded certification as a minority owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a minority owned and controlled business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are United States citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest in the corporation, partnership, or limited liability company or other entity is owned by one or more women who are United States citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

  • Company Owned IP means all Intellectual Property rights owned or purported to be owned by the Company or any of the Company Subsidiaries.

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Women-owned business concern means a concern which is at least 51 percent owned by one or more women; or in the case of any publicly owned business, at least 51 percent of its stock is owned by one or more women; and whose management and daily business operations are controlled by one or more women.

  • Company-Owned IP Rights means Company IP Rights that are owned by the Company or any of its Subsidiaries.

  • Woman owned business means a woman owned business that is a continuing, independent, for profit business which performs a commercially useful function, and is at least fifty-one percent (51%) owned and controlled by one or more women; or, in the case of any publicly owned business, at least fifty-one percent (51%) of the stock of which is owned and controlled by one (1) or more women and whose management and daily business operations are under the control of one (1) or more women.

  • Retail Store – means any business facility that sells goods directly to the consumer whether for or not-for-profit, including, but not limited to, retail stores, restaurants, pharmacies, convenience and grocery stores, liquor stores, as well as seasonal and temporary businesses.

  • Minority-owned business means a business concern which is at least 51% owned by one or more minority persons, or in the case of a corporation, at least 51% of the stock in which is owned by one or more minority persons; and the management and daily business operations of which are controlled by one or more of the minority individuals who own it.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Grocery store means any retail establishment, the business of which consists of the sale of food, food products, or beverages for consumption off the premises.

  • Investor-Owned Residential Loan means a Loan, excluding advances made pursuant to a Home Equity Loan, that is secured by a mortgage on a one- to four family residences or stock of cooperative housing associations that is not owner-occupied or the borrower’s primary residence.

  • Amazon means Xxxxxx.xxx, Inc., 0000 00xx Xxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxxxx 00000.

  • Wholly Owned Restricted Subsidiary of any Person means any Wholly Owned Subsidiary of such Person which at the time of determination is a Restricted Subsidiary of such Person.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.