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.
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.
Equity Store means any Person participating in the Equity Store Program.