Third-Party Brand definition
Third-Party Brand means any restaurant brand operated at an Individual Property where such restaurant brand is not owned by Master Lease Guarantor or its Close Subsidiaries (regardless of whether such Individual Property is subleased by a Pass-Through Subsidiary). As of the Closing Date, the Third-Party Brands are Cheeseburger in Paradise, ▇▇▇ ▇▇▇ ▇▇▇▇▇▇’▇ and Sterling’s Bistro.
Third-Party Brand is a type of Third Party Products that includes a third party’s name, trade names, logos, and service and trade marks.
Examples of Third-Party Brand in a sentence
Borrower represents and warrants that each Individual Property is currently leased to Master Lessee pursuant to the Master Lease, is operated as one or more Restaurant Locations under a Concept or a Third-Party Brand, and is occupied and operated pursuant to a Concept Sublease, an RLP Sublease or an Unaffiliated Sublease, and may also be subject to the Specified Prior Subleases.
Each Individual Property is used exclusively as a Concept or Third-Party Brand property and other appurtenant and related uses, except for the portions of the property subleased pursuant to the Specified Prior Subleases.