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".

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• The parties hereto agree that the amendment procedure with respect to the Royalty Pool shall be completed in accordance with the terms and procedures set out in the Licence and Royalty Agreement.

• The parties agree that the amendment procedure with respect to the Royalty Pool shall be completed in accordance with the terms and procedures set out in the Licence and Royalty Agreement.

• On each Adjustment Date, Partnership and Food Services shall amend Schedule A by listing the Additional A&W Outlets that are included in the Royalty Pool as at the Determination Date in respect of such Adjustment Date, and deleting the A&W Outlets that have Permanently Closed in the Reporting Period ended immediately prior to such Adjustment Date.

• Royalty on Authorized Minerals extracted from the Royalty Pool Area shall be paid by Lessee to Lessor in accordance with the Agreement.

• Lessee shall be solely responsible for all costs and expenses associated with the development of any facilities necessary for extraction, processing and sale of Authorized Minerals in the Royalty Pool Area (the “Facilities”).

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 the “Royalty Pool” established under, and defined as such in, the Licence and Royalty Agreement;

Royalty Pool means, in any period, all Boston Pizza Restaurants for which Franchise Revenue is to be determined for such period.

Royalty Pool means for any period, all FW Restaurants in respect of which OJFG is required to a pay a royalty to FW Partnership pursuant to and in accordance with the terms and provisions of the Licence and Royalty Agreement.