Franchisee Loans definition

Franchisee Loans means loans made by the Borrower, at its discretion, to Persons signing with Borrower or a Subsidiary either a new franchise agreement or new management agreement in connection with a change of brand of the hotel property owned or operated by any such Person to a brand owned by the Borrower or any Subsidiary, or a change in management of a hotel property owned or operated by any such Person to the Borrower or any Subsidiary as manager, to facilitate the acquisition of furniture, fixtures and equipment necessitated by the change in brand or management.
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Franchisee Loans means loans made by Borrower to a franchisee of Borrower in the ordinary course of business (1) generally in the amount of up to $100,000 to finance the operations of such franchisee, and (2) in the amount of up to $1,000,000 to finance the purchase by such franchisee of the franchise business.
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Franchisee Loans means loans or other extensions of credit made by Lender under Franchisee Loan Documents, together with all related rights of Lender and its assigns (including rights in respect of collateral and guarantees).
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Examples of Franchisee Loans in a sentence

  • Lender may sell or grant interests in Franchisee Loans to a Purchaser that funds itself (wholly or partially) by issuing commercial paper.

  • An important possible application of graduates is in the field of high-temperature plasma in the development of methods and diagnostics of the realstate of tokamak walls (laser methods are the only ones that allow reliable remote online diagnostics of reactor walls in contact with high-temperature plasma).

  • Lender may sell or grant interests in Franchisee Loans to a Purchaser that funds itself (wholly or partially) by borrowing loans or obtaining other credit from banks, insurance companies or other credit providers (such banks, insurance companies or other credit providers or any assignees of the foregoing being herein called "Other Credit Providers") or by selling assets (including Franchisee Loans or interests therein) to Other Credit Providers.

  • Make any loans or advances to any Person, except for Franchisee Loans.

  • Lender may also borrow or obtain other credit directly from Other Credit Providers or sell assets (including Franchisee Loans or interests therein) to Other Credit Providers.

  • Make any Investments, other than temporary short-term investments of cash in Permitted Investments, or engage in any business or undertake any activity other than in connection with the Loan and Approved Franchisee Loans.

  • Each of the Franchisee Borrowers is a Franchisee of the Parent Guarantor and the Parent Guarantor acknowledges that it will derive substantial benefit from the making of the Franchisee Loans by the Servicer, on behalf of the Lenders, and the issuance of the Franchisee Letters of Credit by the Servicer, on behalf of the Lenders.

  • In conclusion, the preemptive model has no effect on the patients´waiting time in the queue or system.

  • Nothing set forth in this Article 9 shall be deemed to affect the Sponsor's obligation upon the occurrence of a Credit Event to immediately repurchase all Startup Franchisee Loans and Startup Franchisee Loan Commitments and to immediately deposit an amount equal to the Maximum Established Franchisee Recourse Amount with the Servicer to be placed in the Cash Collateral Account and to continue to comply with the provisions of Section 10.3(a) and (b) with respect thereto.

  • The obligations of the Lenders to make Loans, of the Servicer to make Franchisee Loans on behalf of the Lenders, of the Servicer to issue Franchisee Letters of Credit and of the Issuing Bank to issue Letters of Credit are conditioned on, among other things, the execution and delivery by the Guarantors of this Subsidiary Guaranty Agreement.


More Definitions of Franchisee Loans

Franchisee Loans as defined in Section 9.7(a).
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Related to Franchisee Loans

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.

  • Approved Lender is defined in Section 12.1.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Extended Loans has the meaning specified in Section 2.17(a).