Franchise Rights definition

Franchise Rights mean the rights of a franchisee of any Loan Party or Subsidiary within any specified geographic area.

Franchise Rights means all rights, privileges and interests of the Borrower and its Consolidated Subsidiaries to own, operate and develop franchised restaurants as a franchisee, whether now or hereafter existing, and whether with respect to the operation of any "Applebee's" restaurants or otherwise.

Franchise Rights means all of the Ownership Rights and Option Rights of the Seller.

Examples of Franchise Rights in a sentence

• The Corporation pays a continuing monthly royalty of 3.5% of the gross sales in relation to the Franchise Rights for PUPS and purchases storage containers and certain PUPS related equipment from CPFI.

• The Corporation pays a continuing monthly royalty of 3.5% of the gross sales in relation to the Franchise Rights and PUPS and purchases storage containers and certain PUPS related equipment from CPFI.

• The Corporation also pays a continuing monthly royalty of 3.5% of the gross sales in relation to the Franchise Rights and PUPS and purchases storage containers and certain PUPS related equipment from CPFI.

• Franchise Rights The Company’s only significant identifiable intangible assets, other than goodwill, are rights under franchise agreements with manufacturers.

• During your Initial Term and if you are awarded Successor Franchise Rights, you may qualify for a reduced Percentage Royalty (Graduated Reduced Royalty) as follows, (i) for Gross Revenue of between $500,001 and $1,000,000 you will pay a Graduated Reduced Royalty of 4%; then, (ii) for Gross Revenue over $1,000,000 you will pay a Graduated Reduced Royalty of 2%.

More Definitions of Franchise Rights

Franchise Rights means any and all rights relating to the ownership, operation and development of one or more restaurants branded as “Hurricane Grill & Wings”.

Franchise Rights has the meaning described in Section 6.E.

Franchise Rights means all rights, privileges and interests of Lessee and its Consolidated Subsidiaries to own, operate and develop franchised restaurants as a franchisee, whether now or hereafter existing, and whether with respect to the operation of any "Applebee's" restaurants or otherwise.

Franchise Rights means any and all rights relating to the ownership, operation and development of one or more Xxxx’x Xxxxx Steak House franchise restaurants pursuant to the Franchise Agreements.

Franchise Rights is defined in Section 5.18(b).

Franchise Rights means any and all rights relating to the ownership, operation and development of one or more restaurants branded as Ponderosa Steakhouse, Bonanza Steakhouse, Bonanza Steak & BBQ or Coles Backyard Grill.

Franchise Rights means any and all rights relating to the ownership, operation and development of one or more Ruth’s Chris Steak House franchise restaurants pursuant to the Franchise Agreements.