Total Restaurant Losses definition
Total Restaurant Losses means the total cumulative annual net losses incurred in the operation of the Levy Restaurants during the period commencing January 1, 1992 and ending on the earlier of the date of such calculation or December 31, 2004. Each ST Levy Payment shall be paid by Tower Owner to ST within forty-five (45) days after delivery of the annual Cash Flow and Distribution Statement to Tower Owner. The Letter Agreement dated as of February 3, 1993, with respect to the repayment to Sears of losses from the Levy Restaurants is hereby terminated, and the agreement of the parties pursuant to the preceding grammatical paragraph is herein referred to as the "Levy Reimbursement Agreement."