Franchise Interest definition

Franchise Interest any direct or indirect ownership in any Person that is a Cellular Entity.
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Franchise Interest means a direct or indirect ownership in any Person that is a Cellular Entity. GAAP means generally accepted accounting principles of the Accounting Principles Board of the American Institute of Certified Public Accountants and the Financial Accounting Standards Board which are applicable from time to time.
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Franchise Interest of any Person means any direct or indirect ownership interest in any other Person that is a PCS Licensee. As used herein, an ownership interest means the lesser of a relevant Person's voting or equity interest.
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Examples of Franchise Interest in a sentence

  • Upon the terms and subject to the conditions set forth in this Agreement, at the Closing (defined herein), Seller shall sell, transfer, assign and convey to Purchaser, and Purchaser shall purchase from Seller, all of Seller's right, title and interest in and to the Franchise Interest.

  • The purchase price for the Franchise Interest (the "Purchase Price") shall be $1,000,000 payable by Purchaser in cash at Closing.

  • As soon as practicable following the date of this Agreement, the Company shall prepare (subject Purchaser's approval of the form and substance) and file with the SEC a Proxy Statement (the "Proxy Statement") which will recommend that the stockholders of the Company approve the Articles Amendment, the sale of the Franchise Interest to Xxxxx and any other matter necessary or desirable in Purchaser's opinion to consummate the transactions contemplated hereby (the "Stockholder Approval Items").

  • The Stockholders of Seller shall have approved the sale of the Franchise Interest to Purchaser.

  • Seller owns a fifty percent interest (the "Franchise Interest") in Metro Franchising Commissary, L.L.C. ("Metro").

  • APT or one of its Subsidiaries, as the case may be, plan to obtain the respective Franchise, easement, equipment rental, interconnection agreement, and other contractual rights necessary for the conduct of the business as now conducted of each PCS System in which it has any Franchise Interest (other than any PCS System with respect to Alaska or Guam) and is in compliance with all material terms and conditions therewith.

  • The ratio of inward to outward mobility on the French side is about 1:7.

  • Aerial or one of its Subsidiaries, as the case may be, plan to obtain the respective Franchise, easement, equipment rental, interconnection agreement, and other contractual rights necessary for the conduct of the business as now conducted of each PCS System in which it has any Franchise Interest and is in compliance with all material terms and conditions therewith.

  • To the knowledge of Aerial and its Subsidiaries, no event has occurred that would prevent either Aerial or any of its Subsidiaries from obtaining any Franchise, easement, equipment rental, interconnection agreement or other contractual right necessary for the future conduct of the business of each PCS System in which it has any Franchise Interest, as now contemplated.


More Definitions of Franchise Interest

Franchise Interest means the Company's 50% interest in Metro Franchising Commissary, LLC.
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Franchise Interest any direct or indirect ownership in any Person that is a CMRS Entity.
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Franchise Interest means a direct or indirect ownership in any Person that is a Cellular Entity.
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Related to Franchise Interest

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Profits Interest means an interest in the Company that is intended to be classified as a profits interest within the meaning of Internal Revenue Service Revenue Procedure 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the Internal Revenue Service or other Law) for U.S. federal income tax purposes, including the Class C Common Incentive Units.

  • Developed exclusively at private expense means development was accomplished entirely with costs charged to indirect cost pools, costs not allocated to a government contract, or any combination thereof.

  • Insurable interest as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Separate property As used in this agreement, the term "Separate Property" means all rights and interests in property of any kind, including contingent interests, owned by each party on the effective date of this agreement. The term "Separate Property", as used in this agreement, is further defined below.

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

  • Asset Interest is defined in Section 2.1(b).

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Net Profits Interest means an interest in a Producing Property which entitles the holder thereof to a share of the gross revenues from oil and gas production from the Producing Property less all operating, production, development, transportation, transmission and marketing expenses, severance, sales, ad valorem and excise taxes (including the windfall profit tax) attributable to such production.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • State property means any building, land, or other real property owned, leased, or occupied by any department, agency, or instrumentality wholly owned by the State, unless, with respect to any building, land, or other real property leased or rented by the State, the lease or rental agreement shall prohibit the establishment of such vending facilities.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Common Interest means the limited liability company membership interest represented by the Common Units owned by a Common Member in the Company at any particular time, including the right of such Common Member to any and all benefits to which a Common Member may be entitled as provided in the Act, this Agreement, or otherwise, together with the obligations of such Common Member to comply with all terms and provisions of this Agreement and the Act.