Third Party Franchisees definition
Examples of Third Party Franchisees in a sentence
The Inventory and Equipment (other than vehicles or Equipment out for repair and other than Inventory and Equipment with, in the aggregate, a de minimis value) of the Loan Parties are not stored with a bailee, warehouseman, or similar party (other than Third Party Franchisees) and are located only at, or are in-transit between or to, the locations identified on Schedule 4.25 (as such Schedule may be updated pursuant to Section 5.12).
The Inventory and Equipment (other than vehicles or Equipment out for repair and other than Inventory and Equipment with, in the aggregate, a de minimis value) of Holdings, the Borrower and its Subsidiaries are not stored with a bailee, warehouseman, or similar party (other than Third Party Franchisees) and are located only at, or are in-transit between or to, the locations identified on Schedule 4.25 (as such Schedule may be updated pursuant to Section 5.12).