Class 2 Additional Entitlements definition

Class 2 Additional Entitlements means the right to acquire additional Units that BPI receives in return for adding net additional Distribution Income to the Royalty Pool in respect of the 1.5% increased Franchise Sales Participation on Adjustment Dates occurring from and after January 1, 2016.

Examples of Class 2 Additional Entitlements in a sentence

  • In return for adding this net Franchise Sales to the Royalty Pool, Boston Pizza receives Class B Additional Entitlements and Class 2 Additional Entitlements (defined in note 10).

  • The Security services agencies / company should provide Trained Person as security personnel with sound health.

  • Although pure egalitarianism is rarely suggested any longer, less stringent applications of egalitarianism still remain, such as a belief that a more equal distribution of income and/or wealth is preferable to a less equal distribution (Suranovic (2000: 290)).

  • In return for adding this net Franchise Sales to the Royalty Pool, Boston Pizza receives Class B Additional Entitlements and Class 2 Additional Entitlements (defined below).

  • Success in addressing SE CASC partner priorities depends on collaborations between USGS and its University host consortium.Appendix A: Detailed SE CASC science priorities, goals, and potential opportunities Science Priority 1 - Exposure: Improve partner understanding of what climate and land use change processes and associated biophysical stressors will look like on the land and water they manage.

  • In the first quarter of 2019, adjustments to Royalty and Distribution payments and Class B Additional Entitlements and Class 2 Additional Entitlements were made based on the actual performance of eight net new additional Boston Pizza Restaurants added to the Royalty Pool on January 1, 2018 and the effective tax rate paid by the Fund in 2018.

  • In return for adding net additional Royalty and Distribution from the five net new Boston Pizza Restaurants added to the Royalty Pool, BPI received 255,019 Additional Entitlements (representing 80% of the total Additional Entitlements), comprised of 185,469 Class B Additional Entitlements and 69,550 Class 2 Additional Entitlements, and the Holdback was 63,755 Additional Entitlements (representing 20% of the total Additional Entitlements), comprised of 46,367 Class B Holdback and 17,388 Class 2 Holdback.

  • As a result of the Deficiency, The Company did not receive any Class 2 Additional Entitlements on January 1, 2023.

  • In return for adding net additional Royalty revenue, BPI receives the right to indirectly acquire additional Fund units (the “ Class B Additional Entitlements” and together with Class 2 Additional Entitlements, the “Additional Entitlements”).

  • In the first quarter of 2020, adjustments to Royalty and Distribution payments and Class B Additional Entitlements and Class 2 Additional Entitlements were made based on the actual performance of five net new additional Boston Pizza Restaurants added to the Royalty Pool on January 1, 2019 and the effective tax rate paid by the Fund in 2019.

Related to Class 2 Additional Entitlements

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;