Spur Group definition

Spur Group means Spur Group (Pty) Limited (Registration Number: 1999/011042/07), and any company related or inter-related to Spur Group, as contemplated in section 2 of the Companies Act No. 71 of 2008, as amended (together, the “Spur Group Parties”). All rights granted in favour of Spur Group in terms of this Agreement shall be deemed to be for the benefit of the Spur Group Parties by way of a stipulation for the separate benefit of each company within the Spur Group, and such benefit may be accepted by any company within the Spur Group at any time after the date of execution hereof (and the fact that any such benefits may not be enforceable by any one of such companies shall not affect its enforceability by Spur Group or any other company within the Spur Group).

Spur Group means Spur Group (Pty) Liited and any compay related or inter-related to Spur (as contemplated in section 2 of the Companies Act No.71 of 2008, as amended).

Spur Group means Spur Group (Pty) Limited, being the company that owns the trademarks, trade name and business model licensed to its John Dory’s Fish, Sushi & Grill Restaurants.

Examples of Spur Group in a sentence

• Magnacorp has defended the action and alleges that Spur Group repudiated the franchise agreement, in that the cancellation thereof was unlawful.

• Spur Group denies the repudiation of the franchise agreement and maintains that the cancellation was valid.

• During the prior year, with effect from 1 June 2017, a subsidiary, Opilor (Pty) Ltd (in which the group has a 68% equity interest) sold the business of RocoMamas Green Point to a newly-established entity, Green Point Burger Joint (Pty) Ltd, two thirds of which is owned by wholly-owned subsidiary, Spur Group (Pty) Ltd, and the remaining third by 70%-owned subsidiary, RocoMamas FranchiseCo (Pty) Ltd.

• The tax court found in favourof Spur Group, but SARS has appealed the ruling.

• The respondent, Big G Restaurants (Pty) Ltd (the taxpayer), is a franchisee that operates restaurants in terms of various written franchise agreements with the franchisor, Spur Group (Pty) Ltd.

• As reported in note 44.1 on page 159 of the annual integrated report for the year ended30 June 2017, SARS had previously issued additional assessments to wholly-owned subsidiary, Spur Group (Pty) Ltd (“Spur Group”), in respect of the 2005 to 2012 years of assessment totalling R22.034 million (comprising R13.996 million in additional income tax and R8.038 million in interest).

• In January 2018, wholly-owned subsidiary, Spur Group, instituted legal action against Magnacorp 544 CC (“Magnacorp”), for outstanding franchise and marketing fees in the amount ofR0.078 million.

• Magnacorp had previously operated a Spur Steak Ranch franchise restaurant in Tzaneen, South Africa, but Spur Group cancelled the franchise agreement after Magnacorpbreached the terms of the franchise agreement.

• The amount of any allowance deducted under sub-section (2) in any year of assessment shall be deemed to be income received by or accrued to the taxpayer in the following year of assessment.” The applicant, Big G Restaurants (Pty) Ltd (Big G), is a franchisee operating a number of Spur and Panarottis restaurants in terms of written franchise agreements concluded with a franchisor, the Spur Group (Pty) Ltd (Spur Group).

• It is hardly likely that within the Spur Group Big G’s franchise agreements are unique.

More Definitions of Spur Group

Spur Group means Spur Group (Pty) Limited and any company related or inter-related to John Dory’s (as contemplated in section 2 of the Companies Act No. 71 of 2008, as amended).

Spur Group means Spur Group (Pty) Limited, being the holding company of Nikos.