Additional Restaurants definition

Additional Restaurants means, at any time, Boston Pizza Restaurants which are not included in the Royalty Pool at such time.

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Additional Restaurants means, at any time, Pizza Pizza Restaurants that were open on or prior to December 31 of the previous year and Pizza 73 Restaurants that were open on or prior to September 1 of the previous year and not permanently closed prior to the Adjustment Date and which were not previously included in the Royalty Pool.

Additional Restaurants means, at any time, Keg restaurants owned and operated by KRL or its subsidiaries or owned by Keg franchisees and operated under franchise agreements with KRL or its subsidiaries, and which are not included in the Royalty Pool at such time.

Examples of Additional Restaurants in a sentence

Such Taxes and fees shall be paid by the Sellers, other than (a) sales and use taxes relating to Listed Assets owned by a Restaurant Entity purchased pursuant to Section 10.07(b) and the assets of the Additional Restaurants purchased pursuant to Section 10.07(c), which shall be paid by the Purchaser, and (b) real estate transfer taxes relating to the Real Property of such Additional Restaurants, which shall be paid one-half by the Purchaser and one-half by the Sellers.
The parties also acknowledge that the Purchase Price has been computed on the assumption that the Additional Restaurants will be completed and opened by the Company at its sole expense within 12 months after the Closing (the "Termination Date").
Seller shall not be required to obtain an extension of the terms of the respective leases for the Additional Restaurants.
Additionally, once constructed, any decision regarding the continued operation of some or all of the Initial Restaurant or the Additional Restaurants, if any, will rest solely with HRI and may be influenced by factors unrelated to the business of the Partnership.
Hops has agreed to grant to Toomy the option to participate in the development and operation of the Initial Restaurant and certain Additional Restaurant(s) (as defined herein) in the Territory (as defined herein), if any, pursuant to the terms and conditions contained herein.
IMED may not use the Technology for research and development or other purposes without DEBIOTECH's prior written consent; provided, however, that IMED shall be entitled to conduct research and development on the Cassette Sets, but not the Cassette itself.
In the event that Toomy fails to timely accept a Hops Offer or TC or Toomy fail to timely negotiate and execute the agreements necessary to develop and operate such Additional Restaurant(s) as provided in Section 4 hereof, Hops shall be free to develop and operate the Additional Restaurant(s) described in the Hops Offer (i) on its own, directly or indirectly through one or more subsidiaries or related entities, or (ii) with any third party upon such terms as Hops shall, in its sole discretion, elect.
Toomy acknowledges that some of the restaurants that may be developed, directly or indirectly, by Hops (other than the Initial Restaurant or the Additional Restaurants to be developed hereunder) may directly or indirectly compete with the restaurants to be developed and operated hereunder.
With respect to Additional Restaurants pursuant to Section 2(a) hereof, the Option Fee shall be paid by Toomy to Hops immediately prior to the time that Hops, HSF, the Partnership or any Second-Tier Partnership makes a financial commitment for the property for the Additional Restaurant either by means of lease or purchase agreement.
The parties hereto understand that Toomy's participation in the Initial Restaurant and the Additional Restaurants, if any, will be through TC.

More Definitions of Additional Restaurants

Additional Restaurants means each Restaurant identified on Schedule 1.01A.

Additional Restaurants has the meaning assigned to it in Section 1.1(a).

Additional Restaurants means restaurant(s) (in addition to the Initial Restaurant) to be developed and operated in the Territory prior to the expiration or termination of Toomy's rights hereunder.

Additional Restaurants means up to two (2) restaurants (in addition to the Initial Restaurant) to be developed and operated in the Territory prior to the expiration or termination of RMRP's rights hereunder.