Franchise Leases definition

Franchise Leases means all leases, subleases and other agreements or Contracts pursuant to which the Company or any of its Subsidiaries has granted a Franchisee the right to lease, use or occupy any Real Property. Notwithstanding the foregoing, the term “Franchise Leases” does not include any Franchise Agreements.
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Franchise Leases has the meaning assigned to it in Section 4.6.
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Examples of Franchise Leases in a sentence

  • The Company shall enter into the Property Management Agreement and the Franchise Leases promptly after the acquisition of the Properties.

  • Except as otherwise expressly provided herein, the Company shall not enter into any other contracts with a Member or any Affiliate of a Member or modify, amend or terminate the Contribution Agreement, the Purchase Agreements, the Capital Expenditures Agreement, the Franchise Leases or the Property Management Agreement or any other agreement between the Company and a Member or an Affiliate of a Member without the specific prior written approval of all the Members.

  • Notwithstanding the foregoing, without the consent of Storage, the Company shall not give notice preventing the automatic renewal of the Property Management Agreement or terminate the Property Management Agreement or the Franchise Leases, except pursuant to Article XI or at such time that Storage is not longer a member of the Company.

  • Defendants have constructive and physical possession/dominion and control over, and have intentionally interfered with certain Franchise Leases and associated telephone numbers, the Franchise Assets, confidential materials provided to Defendants, and customer lists, records, files, and the like.

  • In the event the tenant is given an option to purchase the Real Property and improvements which are subject to a lease, the purchase price will be the greater of the fair market value thereof, or not less than 115% of the lease Rent Cost Basis, except that with respect to Franchise Leases representing not more than 20% of the Aggregate Eligible Loan Value and approved by the Deal Agent, such requirement shall not apply.

  • As such, Liberty has a right to possess certain Franchise Leases and associated telephone numbers, the Franchise Assets, confidential materials provided to Defendants, and customer lists, records, returns, and the like.

Related to Franchise Leases

  • Franchise Agreements means (a) the Franchise Agreements set forth on Part IV of Schedule 4.01(p) hereto, and (b) any Franchise Agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.01(r).

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Leases means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • Franchise Area means the present legal boundaries of the City as of the Effective Date, and shall also include any additions thereto, by annexation or other legal means as provided in this Agreement.

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • FF&E Leases means all leases of any FF&E and other contracts permitting the use of any FF&E at the Improvements that are assumed by Buyer.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Real Estate Leases is defined in Section 4.7.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

  • Company Leases shall have the meaning set forth in Section 3.12(a).

  • New Franchise Agreement means the franchise license agreement to be entered into between Buyer and the Franchisor, granting to Buyer a franchise to operate the Hotel under the Brand on and after the Closing Date.

  • Equipment Leases has the meaning set forth in Section 2.1.9.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Subleases means the sublease(s) and other documentation listed in Part [3B] of the Schedule;]

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Material Leases has the meaning set forth in Section 3.7(a).