Equity Store definition

Equity Store means a Person in which the Borrower or any of its Subsidiaries has invested capital or to which it has made loans in accordance with the business practice of the Borrower and its Subsidiaries of making equity investments in Persons, and making or guaranteeing loans to such Persons, for the purpose of assisting such Persons in acquiring, remodeling, refurbishing, expanding or operating one or more retail grocery stores and pursuant to which such Persons are permitted or required to reduce the Borrower's or the Subsidiary's equity interest to a minority position over time, and (b) "Business Development Program" means the business practice of the Borrower and its Subsidiaries of making or guaranteeing loans to, or making equity investments in, third parties engaged in the retail grocery business in exchange for long-term supply agreements with the Borrower or any Subsidiary.
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Equity Store means a Person in which the Company or any of its Subsidiaries has invested capital or to which it has made loans in accordance with the business practice of the Company and its Subsidiaries of making equity investments in Persons, and making or guaranteeing loans to such Persons, for the purpose of assisting such Persons in acquiring, remodeling, refurbishing, expanding or operating one or more retail grocery stores and pursuant to which such Persons are permitted or required to reduce the Company's or the Subsidiary's equity interest to a minority position over time, and (b) "Business Development Program" means the business practice of the Company and its Subsidiaries of making or guaranteeing loans to, or making equity investments in, third parties engaged in the retail grocery business in exchange for long-term supply agreements with the Company or any Subsidiary.
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Equity Store means any Person participating in the Equity Store Program.
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Related to Equity Store

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

  • 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.

  • 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.

  • Retail tobacco store means a retail store utilized primarily for the sale of tobacco products and accessories and in which the sale of other products is merely incidental.

  • Wholly-Owned means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which (other than (x) director’s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable Law) are owned by such Person and/or by one or more wholly owned Subsidiaries of such Person.