Franchise Partner Program definition
Franchise Partner Program means the optional financing and business structuring program offered by the Sponsor to a limited number of qualified restaurant operators, such operators to be determined by the Sponsor in its sole discretion, which provides such restaurant operators a business structure for organizing, owning and funding the establishment and operation of restaurants doing business under operating concepts owned by Sponsor.
Franchise Partner Program means the optional financing and business structuring program offered by the Borrower to a limited number of qualified restaurant operators, such operators to be determined by the Borrower in its sole discretion, which provides such restaurant operators a business structure for organizing, owning and funding the establishment and operation of restaurants doing business under operating concepts owned by the Borrower.
Franchise Partner Program means the optional financing and business structuring program offered by the Lessee to a limited number of qualified restaurant operators, such operators to be determined by the Lessee in its sole discretion, which provided such restaurant operators a business structure for organizing, owning and funding the establishment and operation of restaurants doing business under operating concepts owned by the Lessee.
Examples of Franchise Partner Program in a sentence
At all times that an Initial Eligible Restaurant is subject to a Mortgage, such Initial Eligible Restaurant shall be situated on real property owned in fee by Borrower or a Guarantor located in a state of the United States or the District of Columbia and not be part of the Franchise Partner Program and not be owned or operated by a Traditional Franchisee.