Licence and Royalty Agreement definition

Licence and Royalty Agreement means the amended and restated licence and royalty agreement dated December 22, 2010, as amended from time to time, whereby the Partnership granted Food Services a licence to use the A&W Marks in Canada.

Licence and Royalty Agreement means the licence and royalty agreement dated November 26, 2004, as amended, or amended and restated from time to time, between MarksLP and Second Cup pursuant to which Second Cup was granted the licence to use the Second Cup Marks and agreed to pay a royalty to MarksLP;

Licence and Royalty Agreement means the licence and royalty agreement dated November 26, 2004 between MarksCo and Second Cup pursuant to which Second Cup was granted the Licence and agreed to pay the Royalty to MarksCo.

Examples of Licence and Royalty Agreement in a sentence

• On January 1 of each year (the Adjustment Date), the restaurants subject to the Licence and Royalty Agreement are adjusted for new restaurants opened for at least 60 days preceding such Adjustment Date in the previous fiscal year.

• The Partnership has granted SIR a 99-year licence to use the SIR Rights in most of Canada in consideration for a Royalty, payable by SIR to the Partnership, equal to 6% of the revenues of the restaurants included in the Royalty Pooled Restaurants (the Licence and Royalty Agreement).

• Under the terms of the Licence and Royalty Agreement, SIR may be required to pay a Make-Whole Payment in respect of the reduction in revenues for restaurants permanently closed during a reporting period.

• The Fund’s equity income is dependent upon the revenues generated by SIR for the restaurants subject to the Licence and Royalty Agreement.

• The Partnership’s royalty income is determined based on 6% of the revenues from certain SIR Restaurants subject to the Licence and Royalty Agreement between the Partnership and SIR.

• System sales for any period and for any Keg restaurant located in Canada and the United States, as defined in the Licence and Royalty Agreement, means the gross sales by such Keg restaurants for such period.

• Food Services is paid for the additional royalty stream related to the sales of the net new restaurants, based on a formula set out in the Amended and Restated Licence and Royalty Agreement.

• It is also the purpose of the Agreement to provide, to the extent permitted by law, for the inclusion at a subsequent date of such additional Local Government Entities organized and existing under the Constitution or laws of the State of Washington as may desire to become parties to this Agreement andm Members of the Agency, subject to approval by the Board of Directors.

• Partnership royalty income is 6% of pooled revenue in accordance with the Licence and Royalty Agreement, plus a Make-Whole Payment for closed restaurants, from the date of closure to December 31 of the year closed.

• Under the Intercreditor Agreement, absent a default or event of default under the Credit Agreement, ordinary payments to the Fund and the Partnership can continue and the Partnership can exercise any and all of its rights to preserve the trademarks and related intellectual property governed by the Licence and Royalty Agreement.

More Definitions of Licence and Royalty Agreement

Licence and Royalty Agreement means the Amended and Restated Licence and Royalty Agreement dated December 22, 2010 between the Partnership and Food Services providing for, inter alia, the licence by the Partnership to Food Services of the use of the trade marks described therein, and the payment by Food Services to the Partnership of a royalty as specified therein for the use of such trade marks, and headed Amended and Restated Licence and Royalty Agreement, as the same may be amended and supplemented from time to time and in effect.

Licence and Royalty Agreement means the agreement dated the date hereof between the Partnership and SIR providing for, inter alia, the licence by the Partnership to SIR of the use of the SIR Rights, and the payment by SIR to the Partnership of a royalty as specified therein for the use of the SIR Rights (as it may be amended from time to time);

Licence and Royalty Agreement means the licence and royalty agreement dated September 26, 2014 between the FW Partnership and OJFG providing for, among other things, the licence by the FW Partnership to OJFG of the use of the FW Rights, and the payment by OJFG to the FW Partnership of a royalty as specified therein for the use of the FW Rights.

Licence and Royalty Agreement means the amended and restated licence and royalty agreement dated 5 September 2003 made between (1) Lomar and (2) International Hotel Licensing Company S.à x.x.;