BK Restaurant definition

BK Restaurant means any one of the BK Restaurants.
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Examples of BK Restaurant in a sentence

  • Under the Successor Policy as currently in effect, BKC must determine whether or not a BK Restaurant should be rebuilt.

  • In addition to the foregoing, BKC, separate and apart from implementation of the Successor Policy, from time to time may request that the Partnership acquire property adjacent to a Restricted Restaurant Property for purposes of permitting expansion of the BK Restaurant or related facilities (such as parking) located on such Restricted Restaurant Property.

  • If BKC determines that a BK Restaurant should be rebuilt under the Successor Policy and BKC elects to pay the cost of rebuilding, then the terms of the lease with respect to such BK Restaurant is extended and the BKC Franchisee's guaranteed "minimum rental" payable under such lease is adjusted.

  • In connection with such extensions and/or renewals, the Successor Policy, in order to help ensure that the BK Restaurant system remains competitive, makes provision for the replacement, reconstruction, expansion and/or other improvement (collectively, "rebuilding") of existing BK Restaurants owned or leased by BKC and leased or subleased to BKC Franchisees if such BK Restaurants meet certain criteria established by BKC.

  • In the event the guaranteed minimum rent payable pursuant to any lease with respect to a Restricted Restaurant Property is adjusted in connection with the rebuilding of a BK Restaurant pursuant to the Successor Policy, then notwithstanding any other provision of the Agreement or of the Successor Policy, the "fair market value of the original property" for purposes of determining the amount of such adjustment shall be equal to the replacement cost of such property, as determined by the Appraiser.

  • If BKC determines that a BK Restaurant should be rebuilt under the "Successor Policy" and BKC elects to pay the cost of rebuilding, then the term of the lease with respect to such BK Restaurant is extended and the BKC Franchisee's guaranteed "minimum rental" payable under such lease is adjusted.

  • In connection with such extensions and/or renewals, the "Successor Policy," in order to help ensure that the BK Restaurant system remains competitive, makes provision for the replacement, reconstruction, expansion, and/or other improvement (collectively "rebuilding") of existing BK Restaurants owned or leased by BKC and leased or subleased to BKC Franchisees if such BK Restaurants meet certain criteria established by BKC.

  • In the event the guaranteed minimum rent payable pursuant to any lease with respect to a Restricted Restaurant Property is adjusted in connection with the rebuilding of a BK Restaurant pursuant to the "Successor Policy," then notwithstanding any other provision of the Agreement or of the "Successor Policy," the "fair market of the original property for purposes of determining the amount of such adjustment shall be equal to the replacement cost of such property, as determined by the Appraiser.

  • Under the BKC "Successor Policy" as currently in effect, BKC must determine whether or not a BK Restaurant should be rebuilt.

Related to BK Restaurant

  • Restaurant means a business location:

  • Restaurants means a business that prepares and serves food and drinks to customers.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.

  • Casino means a casino as defined in section 1 of the KwaZulu-Natal Gaming and Betting Act, 2010 (Act No. 8 of 2010);