Qualified Restaurant definition

Qualified Restaurant means, with respect to a given calendar month, a Participating RN Restaurant located in the United States that offered Upromise Member Incentives at least twelve (12) days during such calendar month.
View Source
Qualified Restaurant. A “Qualified Restaurant” is a “Dunkin’ Donuts” or “Dunkin’ Donuts/▇▇▇▇▇▇-▇▇▇▇▇▇▇” restaurant: (a) that is located in the Territory; (b) that has been open to serve the public for a full Fiscal Period prior to the Fiscal Period as to which any Revenue Sharing Payment is to be made; (c) that, as of the time a Revenue Sharing Payment is due to be made, is neither the subject of (i) a Notice To Cure that was issued by the Franchisor for a default under the Franchise Agreement for the restaurant and that is beyond any applicable cure period; nor (ii) a Notice of Termination issued by the Franchisor; and (d) as to which the Franchisee and all Franchisee Parties have signed and delivered to DBI a Participation Agreement. Term This Participation Agreement shall have a term of twenty (20) years from the date of DBI’s launch of K-Cups in the CPG program. DBI will meet with franchisee members of the BAC CPG sub-committee (a new sub-committee to be created with respect to the CPG Program) in the year 2030 to discuss the possibility of extending the Term of the revenue sharing arrangement that is the subject of this Participation Agreement, but DBI makes no commitment that it ultimately will extend the Term, or the terms on which it would be willing to do so. DBI’s contracts with its vendors may extend beyond the Term; however, the Revenue Sharing Payments that are described in this Participation Agreement shall be limited to the Term. Territory The fifty states of the United States, plus the District of Columbia.
View Source
Qualified Restaurant means a restaurant, snack bar, café, bistro, delicatessen, catering facility, or other food service establishment that provides at least five menu items made from Permitted Products;
View Source

Examples of Qualified Restaurant in a sentence

  • In addition, RN shall ensure that each calendar month: (A) an average of at least seventy percent (70%) of the RN Restaurants located in the United States (calculated in accordance with the terms set forth below) are Qualified Restaurants, and (B) there are an average of at least 7,000 Qualified Restaurant locations (collectively, the “Monthly Minimums”).

  • For purposes of calculating the 7,000 Qualified Restaurant minimum, any Qualified Restaurant with a Click Through Requirement that is consented to by Upromise in excess of the 5% permitted above shall be excluded from the calculation.

  • Interest on a Capitalized Lease Obligation or Qualified Restaurant Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Issuer to be the rate of interest implicit in such Capitalized Lease Obligation or Qualified Restaurant Lease Obligation in accordance with GAAP.

  • Landlord shall be entitled to unreasonably withhold its consent to the sublease or assignment of the Leased Premises to a Qualified Restaurant provided it releases, in writing, Guarantor from Guarantor’s liability on the Guaranty.

  • The Franchise Agreement is the underlying franchise agreement for the Qualified Restaurant between you and DBI’s affiliate (Dunkin’ Donuts Franchising LLC).

Related to Qualified Restaurant

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • Qualified facility means a permanent facility within this state equipped for the production of motion pictures, television shows, or digital media production that meets all of the following requirements:

  • Qualified REIT Subsidiary means any Subsidiary of the General Partner that is a “qualified REIT subsidiary” within the meaning of Section 856(i) of the Code.

  • Qualified Reservist Distribution means a distribution (i) from an IRA or elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (ii) to an individual ordered or called to active duty after September 11, 2001 (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (iii) made during the period beginning on the date of the order or call and ending at the close of the active duty period.

  • Qualified User means a person (e.g., employee, consultant, contingent staff) who: (1) is a user of a Qualified Device, or (2) accesses any server software requiring an Enterprise Product Client Access License or any Enterprise Online Service. It does not include a person who accesses server software or an Online Service solely under a License identified in the Qualified User exemptions in the Product Terms.