CORPORATE OUTLETS definition
CORPORATE OUTLETS means all outlets in which Fountain Beverages are sold that are owned or operated by MSC; restaurants operated under the Miami Subs Grill and Mr. Submarine trademarks and outlets operated under another concept name are included in the definition. The parties acknowledge that there are currently eleven Corporate Outlets. The term "FRANCHISED OUTLETS" means all Miami Subs Grill and all Mr. Submarine outlets owned or operated by authorized franchisees and/or licensees of MSC (collectively, the "FRANCHISEES"), as well as any other type of outlet in which Fountain Beverages are served that is owned or operated by a Franchisee. The terms "MSC SYSTEM" and the "SYSTEM OUTLETS" refer to Corporate and Franchised Outlets in the aggregate, including any Corporate Outlets that MSC opens or acquires, or any additional Franchised Outlets that MSC authorizes after this Agreement is signed. Outlets acquired by MSC that are governed by another agreement with Company that is validly assigned to MSC as part of the acquisition will not be considered Corporate Outlets and will not be covered by this Agreement until the prior agreement with Company expires or is terminated by mutual agreement of the parties. The term "PARTICIPATING FRANCHISEES" refers to those Franchisees that elect to participate in Company's program and the term "PARTICIPATING FRANCHISED OUTLETS" refers to the outlets owned by Participating Franchisees. When used in this Agreement, the following terms shall have the meanings set forth below: