Financed Franchisee definition

Financed Franchisee means any Franchisee (other than a Subsidiary) which has duly executed and delivered Financed Franchisee Loan Documents.
Sample 1Sample 2
Financed Franchisee has the meaning specified in the Facilities Agreement.
Sample 1
Financed Franchisee means (i) BC Northwest, L.P., a Delaware limited ------------------- partnership, (ii) Boston West, L.L.C., a Delaware limited liability company, and (iii) Platinum; provided, that any such Person shall no longer be a "Financed -------- Franchisee" if it becomes a Subsidiary of any Borrower.
Sample 1

Examples of Financed Franchisee in a sentence

  • Neither the Company nor any of its Subsidiaries is, and each Financed Franchisee has duly represented to the Company that it is not, an "investment company," or a company "controlled" by an "investment company," within the meaning of the Investment Company Act of 1940, as amended.

  • Notwithstanding the foregoing the Borrower may (i) in its ordinary course of business, amend, restate, supplement, replace, terminate, modify or waive any provision of any Pledged Note (including any underlying instrument pursuant to which such Pledged Note is issued), and (ii) exercise its rights to convert debt or exercise options for equity in any Financed Franchisee at any time, each as permitted by the Facilities Agreement.

  • Except for (i) the security interest created by this Agreement, (ii) Liens otherwise permitted under Section 6.1 of the Credit Agreement, and (iii) junior Liens on property held as collateral by the Grantor pursuant to the Financed Franchisee Loan Documents; provided that such junior Liens secure purchase money Debt of the lienor, the Grantor owns the Collateral free and clear of any Lien.

  • Schedule II hereto sets forth, as of the Friday immediately preceding the Effective Date (and as of the Friday immediately preceding any date of delivery pursuant to Section 3.8(6) of any subsequent Schedule II), a complete and accurate list of the addresses of each Store and whether such Store is operated by the Company, a Restricted Subsidiary, a Financed Franchisee or a Franchisee which is not a Financed Franchisee.

  • Promptly after the execution and delivery (a) by a Financed Franchisee of any Financed Franchisee Loan Documents, copies of such Financed Franchisee Loan Documents and (b) by a Financed Subsidiary of any Financed Subsidiary Loan Documents, copies of such Financed Subsidiary Loan Documents; Financed Franchisee and Financed Subsidiary quarterly financial statements.

  • A certificate of the Secretary of the Borrower certifying a true and correct copy of the participation agreement (the "Participation Agreement") pursuant to which the Borrower has conveyed a ninety-nine percent participation interest in the Financed Franchisee Loan Documents referenced in clause (3) (a) of Section 6.7 of the Credit Agreement (the "Subject Loan Documents").

Related to Financed Franchisee

  • Franchisee means a person to whom a franchise is granted.

  • Franchisor means Marriott International, Inc.

  • Financed Vehicle means an automobile or light-duty truck van or minivan, together with all accessions thereto, securing an Obligor’s indebtedness under the respective Receivable.

  • Subfranchisor means a person who is granted a master franchise.

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

  • New Franchise Agreement means the franchise license agreement to be entered into between Buyer and the Franchisor, granting to Buyer a franchise to operate the Hotel under the Brand on and after the Closing Date.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Financed Equipment is all present and future Eligible Equipment in which Borrower has any interest, the purchase of which is financed by an Equipment Advance.

  • Gaming Facility means any gaming establishment, facility and other property or assets ancillary or related thereto or used in connection therewith, including, without limitation, any casinos, hotels, resorts, theaters, parking facilities, timeshare operations, retail shops, restaurants, other buildings, land, golf courses and other recreation and entertainment facilities, marinas, vessels and related equipment.

  • Franchise Agreements means (a) the Franchise Agreements set forth on Part IV of Schedule 4.01(p) hereto, and (b) any Franchise Agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.01(r).

  • Adult foster care facility means an adult foster care facility licensed under the adult foster care facility licensing act, 1979 PA 218, MCL 400.701 to 400.737.

  • School vehicle means any school bus, school van, other school vehicle and private vehicle used to transport students or staff members to and from school or any school-sponsored activity or event.

  • Child care facility or “facility” means a child care center, a preschool, or a registered child development home.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • School facility means and includes any structure, building or

  • Franchise Area means the area within the jurisdictional boundaries of the City, including any areas annexed by the City during the term of this Franchise.

  • Residential child care facility means a twenty-four-hour residential facility where children live together with or are supervised by adults who are not their parents or relatives;

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Guest means an individual who meets the requirements of Subsection 32B-6-407(9).

  • passenger vehicle means a motor vehicle (other than a motor cycle or invalid carriage) constructed solely for the carriage of passengers and their effects and adapted to carry not more than twelve passengers exclusive of the driver, and not drawing a trailer;

  • Approved Servicer shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • 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.

  • Primary Cardholder means the person who applied for a Card, whose name is on the Account and who a Card is issued to. Purchase means any Transaction other than a Cash Advance.