Franchisee Note definition

Franchisee Note means any franchisee note entered into by a Franchise Entity or any franchisee note or other franchisee financing agreement entered into in order to finance the payment of franchisee fees or other amounts owing by a Franchisee.

Franchisee Note means any franchisee note or other franchisee financing agreement entered into in order to finance the payment of franchisee fees, amounts payable by Franchisees in connection with Refranchising Asset Dispositions or other amounts owing by a Franchisee.

Franchisee Note means each note issued after the Closing Date by a Franchisee and owing to Taco Xxxx Franchisor or Franchise Holder, as applicable.

Examples of Franchisee Note in a sentence

• Notwithstanding the provisions set forth in clauses (a) and (b) above, the Master Issuer and the Guarantors shall not be required to perfect any security interest in any fixtures (other than through a central filing of a UCC financing statement) or any Franchisee Note.

• Notwithstanding the provisions set forth in clauses (a) and (b) above, the Master Issuer and the Guarantors shall not be required to perfect any security interest in any fixtures (other than through a central filing of a UCC financing statement), any Franchisee Note or, except as provided in Section 8.37, any real property, leases on real property owned or rents on real property owned.

• Name of Prospective Franchisee: …………………………………………………………… Signature of Prospective Franchisee: Note – Electronic or Digital signing may be substituted for signing of this receipt.

• Sl.no.Location of service centerContact person with addressTelephone / Mobile No. Owned Franchisee Note: A verified photo copy (duly stamped) of Photo I/Card (Govt.

More Definitions of Franchisee Note

Franchisee Note means a promissory note, naming a Grantor as payee, that evidences indebtedness of a franchisee, which note has a face amount not in excess of $1,000,000 and a duration not in excess of twelve (12) months.

Franchisee Note means a promissory note duly executed and delivered to a Borrower or any Subsidiary by a Person that is a franchisee of a retail outlet of such Borrower or such Subsidiary, including any amendment, modification, renewal or replacement of such promissory note.

Franchisee Note means any franchisee note or other franchisee financing agreement entered into in order to finance the payment of franchisee fees or other amounts owing by a Franchisee. “Franchisee Payments” means all amounts payable to a Securitization Entity by Franchisees, whether directly or indirectly, pursuant to the Franchise Documents, including Royalty Payments and Other Franchisee Payments, but excluding Excluded Amounts. “Franchisor” means Planet Fitness Franchising LLC, a Delaware limited liability company, and its successors and assigns. “Franchisor Capital Account” means the account maintained in the name of the Franchisor and any Additional Securitization Entity that from time to time acts as the franchisor with respect to New Franchise Agreements and New Securitized Area Development Agreements, as applicable, into which such Securitization Entity causes amounts to be deposited pursuant to Section 5.2(d) of the Base Indenture or any successor account established by such Securitization Entity for such purpose pursuant to the Base Indenture. “Future Brand” means any name or Trademark (including any Trademarks related to, based on or derivative thereof, but excluding the Planet Fitness Brand or any Trademark owned by the Securitization Entities as of the Initial Closing Date) that (i) is acquired or developed by Holdco or any of its Subsidiaries and subsequently contributed to one or more Securitization Entities in a manner consistent with the terms of the Related Documents or (ii) that is acquired or developed by the Master Issuer or any one or more Securitization Entities in a manner consistent with the terms of the Related Documents. “GAAP” means the generally accepted accounting principles in the United States promulgated or adopted by the Financial Accounting Standards Board and its predecessors and successors in effect from time to time; provided that, for purposes of computing the Holdco Leverage Ratio (including any financial and accounting terms included in the components thereof), or determining whether an obligation constitutes a Capitalized Lease Obligation, GAAP shall mean generally accepted accounting principles in the United States promulgated or adopted

Franchisee Note means each note issued after the Original Closing Date by a Franchisee and owing to Arby’s Franchisor.

Franchisee Note means each note issued after the Closing Date by a Franchisee and owing to Wingstop Franchisor.