Franchise restaurant definition

Franchise restaurant means a restaurant that has been endowed or granted authority by a restaurant chain to use its name, trademarks, service marks and to distribute or sell its products.
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Franchise restaurant shall have the meaning set forth in Section 4.16(b).
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Examples of Franchise restaurant in a sentence

  • Borrower shall operate (or cause its tenants to operate) the Property as a Franchise restaurant and shall not cease nor permit the tenant to close such operation without Lender's prior written consent.

  • Total payment is to be made 25% before the execution of the agreement between the Franchisor and the Franchisee, 50% one month after the execution of agreement and the remaining 25% 2 days before the opening of the Franchise restaurant.

  • Borrower shall maintain the Premises as a Franchise restaurant throughout the Term.

  • Notwithstanding the foregoing, after the anniversary of the Second Loan Year and provided no Event of Default exists (as hereinafter defined), Borrower shall have the right to close for business only one Franchise restaurant at any particular time during the Term, provided Borrower pays Lender all sums due as set forth in Article 9 hereof at the earlier of the sale of such closed Franchise restaurant or one hundred eighty (180) days from such closing of a Franchise restaurant.

  • Total payment is to be made 25% before the signing of the agreement between the Franchisor and the Franchisee, 50% one month after the signing of agreement and the remaining 25% 2 days before the opening of the Franchise restaurant.

Related to Franchise restaurant

  • Restaurant means a business location:

  • Franchise Area means the entire geographic area within the City as it is now constituted or may in the future be constituted.

  • Franchisee means a person to whom a franchise is granted.

  • Restaurants means a business that prepares and serves food and drinks to customers.

  • 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.