Examples of Restaurant Leases in a sentence
The Manager may, but shall not be required to, collect and administer tenant improvement allowances and similar amounts, if any, received from landlords with respect to the New Franchised Restaurant Leases.
Any such amounts received from landlords shall be collected and maintained in one or more accounts in the name of the Manager, and will be utilized by the Manager for improvements, renovations or other capital expenditures in respect of real property subject to New Franchised Restaurant Leases or, to the extent any such funds represent a reimbursement of such expenditures previously made by the Manager, may be retained by the Manager.
The Manager shall be responsible for collecting and administering tenant improvement allowances and similar amounts received from landlords with respect to the Franchised Restaurant Leases.
During an interim suspension, a student may be denied access to Housing and Residential Programs/or the University campus/facilities/events.
The Parent Borrower and Holdings shall, and shall cause the other Restricted Subsidiaries to, timely perform all of their material obligations under the Franchise Agreements and Restaurant Leases , except where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
The Master Issuer shall not, and shall not permit any other Securitization Entity to, enter into any lease of real property (other than in connection with any Permitted Asset Disposition or New Contributed Restaurant Leases, New Franchised Restaurant Leases or New Retained Restaurant Leases).
In accordance with the provisions of the Bidding Procedures Order, the Debtors have served the Restaurant Leases Cure Account Notice (Docket No. upon the Creative Lessors.
The Standalone Restaurants are: Stand AloneRestaurants Krispy Kreme 204,504Chick-fil-A134,850Total9,354 Four Restaurant Leases were available to determine market rent they are: Comp #CitySizeDateTenantTermsRate40Cascade Twp.6166Listing $25.0041Grand Rapids5600Listing $30.00 42 Grand Rapids 6775 2/16Bravo Cucina 10 years $35.8043Walker22657/8Qdoba5 years$35.03 Based on the comparables Respondent concluded to market rent for Krispy Kreme is $22.50 sf with Chick-fil-A at $35.00 sf.
To the extent that (i) any Creative Lessor / lease counterparty has executed the Supplemental Order or (ii) has failed to timely object to (a) the Restaurant Leases Cure Account Notice (Docket No. 319) or (b) to the assumption/assignment or designation of its Creative Lease, such Creative Lessor / lease counterparty is deemed to have consented to (x) the Final Cure Cost and (y) the assignment of its respective Creative Lease to Creative pursuant to the Creative Sale.
CONCLUSION AND PRAYER WHEREFORE, the Debtors respectfully request entry of an providing for the sale of the Restaurant Assets as set forth above, and the assumption and assignment of the Designated Restaurant Leases as set forth herein.