Complete Execution definition

Complete Execution means, with respect to each license agreement executed by the Paketeria, (i) a fully executed license agreement between Paketeria and a licensee, (ii) the licensee shall pay the Paketeria, and/or provide the Paketeria with evidence of sufficient financing to fund the payment of, both the license fee required pursuant to the license agreement and the reasonable "build-out" costs of such licensee's store, and (iii) if necessary, acceptance of such [licensee/license agreement] by the Kreditanstalt fur ▇▇▇▇▇▇▇▇▇▇▇▇.