Franchised Properties definition
Franchised Properties means those real properties listed on Exhibit C upon which Persons that are not Affiliates of any Borrower (other than Dave Anderson) operate Famous Dave’s restaurant businesses pursuant to franchise agreements between a Borrower or its Affiliates, as franchisor, and such other Persons, as franchisees
Franchised Properties means those real properties listed on Exhibit C upon which Persons that are not Affiliates of any Borrower (other than ▇▇▇▇ ▇▇▇▇▇▇▇▇) operate Famous Dave’s restaurant businesses pursuant to franchise agreements between a Borrower or its Affiliates, as franchisor, and such other Persons, as franchisees
Franchised Properties means (i) the Boca Raton Property, (ii) the Mandalay Beach Property and (iii) the Nashville Property.
Examples of Franchised Properties in a sentence
Debtor has delivered to Lender true, correct and complete copies in all material respects of the Leases relating to each of the Franchised Properties.
Subject to the provisions contained in this Agreement, each of the Franchised Properties shall continue to be leased to Franchisees pursuant to the Leases and, at Closing, Debtor shall assign the Leases to Lender pursuant to the Mortgages.
More Definitions of Franchised Properties
Franchised Properties means the Properties listed on Exhibit D attached hereto and incorporated herein by reference and any other Property for which a Debtor Party hereafter enters into a Franchise Partner Agreement. “Franchised Units” means all locations at which a Permitted Concept is operated by a Franchisee, including pursuant to a Franchise Partner Agreement. “Franchisee” or “Franchisees” means those parties listed on Exhibit D and their respective successors, assigns and replacements and any new franchisee entering into a Franchise Partner Agreement. “GAAP” means generally accepted accounting principles consistently applied. “Governmental Authority” means any governmental authority, agency, department, commission, bureau, board, instrumentality, court or quasi-governmental authority of the United States, the state where the Properties are located or any political subdivision thereof. “Indemnified Parties” means Lender and any Affiliate of Lender, the trustees under the Mortgages, if applicable, any Person who is servicing or will have serviced the Loan (in their capacity as a servicer), any Person in whose name the encumbrance created by any of the Mortgages is or will have been recorded, Persons who may hold or acquire or will have held a full or partial interest in the Loan (including, but not limited to, investors or prospective investors in any Securitization, participation or transfer, as well as custodians, trustees and other fiduciaries who hold or have held a full or partial interest in the Loan for the benefits of third parties), as well as the respective directors, officers, shareholders, partners, members, employees, agents, servants, representatives, affiliates, subsidiaries, participants, successors and assigns of any and all of the foregoing (including, but not limited to, any other person or entity who holds or acquires or will have held a participation or other full or partial interest in the Loan or the Properties, whether during the term of the Loan or as a part of or following a foreclosure of the Loan and including, but not limited to, any successors by merger, consolidation or acquisition of all or a substantial portion of Lender’s assets and business); provided, however, in no event shall the foregoing be deemed to include any Person (other than Lender or any Affiliate of Lender) that acquires any Property or any portion thereof (i) at a foreclosure sale or pursuant to a deed in lieu thereof or any similar transaction under applicable Legal Requireme...
Franchised Properties means (i) the LAX Property and (ii) any Substitute Property that is operated pursuant to a Franchise Agreement.