Royalty Pool definition

Royalty Pool means, in any period, all Pizza Pizza and Pizza 73 Restaurants for which System Sales is to be determined for such period, as described under "Licence and Royalty — The Pizza Pizza and Pizza 73 Royalty".

Royalty Pool means, in any period, all Boston Pizza Restaurants for which Franchise Revenue is to be determined for such period, as described under “License and Royalty – The Royalty”.

Royalty Pool means, in any period, all Boston Pizza Restaurants whose Franchise Sales form the basis on which the Royalty is payable by BPI to Royalties LP, and Distribution Income is payable by BP Canada LP to Holdings LP, as described under “License and Royalty – The Royalty”, and “Description of BP Canada LP – Available Cash / Distributions”.

Examples of Royalty Pool in a sentence

• This is done to ensure that the distribution based on December KRL Royalty Pool system sales, which is paid the following month in January, is recorded in the period it was earned for income tax purposes.

• In return for adding these net sales to the Royalty Pool, KRL receives the right to indirectly acquire additional Fund units (the “Additional Entitlement”).

• The Class B units were issued to KRL in return for adding net sales from new Keg restaurants to the Royalty Pool and are entitled to a preferential proportionate distribution and a residual distribution based on the incremental royalty paid to the Partnership.

• Similarly, on the Adjustment Date, the Royalty Pool is adjusted to include the forecasted system sales from new Pizza 73 restaurants opened on or before September 1 of the prior year, less any Pizza 73 restaurants permanently closed during the calendar year.

• The Class D units were issued to KRL in return for adding net sales from new Keg restaurants to the Royalty Pool and are entitled to a preferential proportionate distribution and a residual distribution based on the incremental royalty paid to the Partnership.

More Definitions of Royalty Pool

Royalty Pool means, initially, the Initial Cafés, and subsequently consists of the most recently adjusted number of Second Cup cafés to be used for determining System Sales for a particular Payment Period.

Royalty Pool means the A&W restaurants in respect of which the Royalty is payable pursuant to the terms of the Licence and Royalty Agreement, as adjusted from time to time.

Royalty Pool means, in any period, all Keg restaurants for which System Sales is to be determined for such period, as described under “Licence and Royalty — The Royalty”.

Royalty Pool at any time means the Initial A&W Outlets and the Additional A&W Outlets at such time, and for greater certainty, does not include the Permanently Closed A&W Outlets.

Royalty Pool means, in any period, all Pizza Pizza and Pizza 73 Restaurants for which System Sales is to be determined for such period.

Royalty Pool. ’ means the most recently adjusted number of Second Cup cafe´s to be used for determining System Sales for a particular month.

Royalty Pool means 50% of all subscription revenue collected by SP less, sales commissions, agency fees, bad debt, refunds, rebates, makegoods, or other costs directly associated with promoting the SP Service which shall not exceed 20% of all subscription revenue.