Franchisee Notes definition

Franchisee Notes means any promissory notes or other evidence of indebtedness from time to time made by one or more franchisees or area developers of the Borrower and payable to the order of the Borrower or any of its Subsidiaries to evidence loans and/or advances of operating funds to such franchisees or area developers in the ordinary course of the Borrower’s business.
Sample 1Sample 2Sample 3
Franchisee Notes in Section 1.01 is hereby amended to read in its entirety as follows:
Sample 1Sample 2
Franchisee Notes means, collectively, the Company Franchisee Notes, the DKM Franchisee Notes, the BOS Franchisee Notes and the California Franchisee Notes.
Sample 1Sample 2

Examples of Franchisee Notes in a sentence

  • Attached hereto as Schedule 8 is a true and correct list of all promissory notes, Franchisee Notes and other evidence of Indebtedness (in each case, other than Excluded Franchisee Notes) held by each Loan Party, including all intercompany notes.

  • To the extent the aggregate unpaid principal balance of such Company Franchisee Notes is less then the Minimum Secured Amount, Xxxxxxxx XXX, Sterling Vision California and/or Sterling DKM shall pledge BOS Franchisee Notes, California Franchisee Notes and DKM Franchisee Notes, respectively, to cover the shortfall.

  • To the best of the Borrower's knowledge, none of the Franchisee Notes are subject to any defenses, offsets, counterclaims or adjustments of any kind.

  • The aggregate principal amount of all Franchisee Notes shall be reserved under the Line of Credit and shall not be available for borrowings thereunder.

  • To the extent that collections on Franchisee Notes exceeded the “Remittance Amount,” the excess would be placed into the Reserve.

  • Payments received on the Eligible Franchisee Notes pledged pursuant to the Debt Pledge Agreements shall be subject to the terms of the Debt Pledge Agreement applicable thereto.

  • The Company shall first pledge Company Franchisee Notes which constitute Eligible Franchisee Notes.

  • Eligible Franchisee Notes pledged pursuant to this Section 6.13 shall be held by the Bank pursuant to the terms of the applicable Debt Pledge Agreement.

  • In the event the Borrower receives any payments on account of any of the Franchisee Notes after the date of this Agreement, it shall hold such payments in trust for the Lender and promptly deliver all such payments to the Lender, together with any necessary indorsements thereof.

  • All of the Franchisee Notes and the Franchisee Documents will, on or before the Closing, be delivered to the Lender and will set forth all the terms and provisions thereof; and there are no agreements or understandings of any kind between the Borrower and the obligors under the Franchisee Notes regarding the Franchisee Notes except as set forth in those instruments and documents.


More Definitions of Franchisee Notes

Franchisee Notes has the meaning set forth in (S)2(c) below.
Sample 1
Franchisee Notes. Collectively, the Existing Franchisee Notes and New Franchisee Notes.
Sample 1
Franchisee Notes means all present and future promissory notes and other instruments and agreements now or hereafter evidencing or relating to obligations owed to Borrower by its franchisees, including, without limitation, obligations owed for fees and other amounts in respect of distribution rights granted to such franchisees by Borrower, and obligations relating thereto, and obligations owed by franchisees for the purchase of snack foods.
Sample 1
Franchisee Notes has the meaning set forth in Section 2.01(g).
Sample 1

Related to Franchisee Notes

  • Notes shall have the meaning assigned to such term in the recitals.

  • Mortgage Notes means, collectively, the promissory notes aggregating $310,000,000 principal amount issued pursuant to the Mortgage Note Agreements, dated December 12, 1991 and executed by the Operating Partnership, together with and any loan agreement and security documents executed in connection therewith, any and all instruments given in renewal, extension, modification, or rearrangement of or in substitution or replacement for any one or more of the foregoing described promissory notes and other documents, whether given to the original purchaser thereof (or its designee) or any other Person and other documents.

  • Fundserv Notes means Notes purchased through Fundserv.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Subordinate Notes means the B Notes and the C Notes, individually or collectively, as the context may require.

  • Asset Backed Notes (the "Class A-2 Notes"), Class A-3 4.30% Asset Backed Notes (the "Class A-3 Notes"), Class A-4 4.36% Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes"), Class B 4.52% Asset Backed Notes (the "Class B Notes"), Class C 4.72% Asset Backed Notes (the "Class C Notes") and Class D 6.76% Asset Backed Notes (the "Class D Notes" and, together with the Class A Notes, the Class B Notes and the Class C Notes, the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-1 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. Interest on and principal of the Notes will be payable in accordance with the priority of payments set forth in Section 8.2 of the Indenture.

  • Senior Unsecured Notes means $2,000,000,000 in aggregate principal amount of the Borrower’s 9.000% senior notes due 2025 issued pursuant to the Senior Unsecured Notes Indenture on the Closing Date.

  • Separate Notes has the meaning set forth in the Pledge Agreement.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Seller Notes means the series of unsecured, subordinated promissory notes in the initial aggregate principal amount of $100 million issued to Globetrotter Co-Investment B LP and to the selling equity holders of Lakeland Holdings, LLC (including the intragroup back-to-back notes issued by certain Debtors to other Debtors related thereto) and the guarantees provided by Lakeland Seller Finance, LLC in respect thereof, in connection with that certain Sale and Merger Agreement dated as of November 8, 2017, by and among WS Holdings Acquisition, Inc., as Purchaser, WS Holdings, Inc. as Blocker Corp., Lakeland Holdings, LLC as the Company, Lakeland Merger Sub II, LLC as Merger Sub, Globetrotter Co-Investment B LP as Blocker Seller and, solely in its capacity as Representative in accordance with the terms of the Sale and Merger Agreement, Metalmark Management II LLC.

  • Indenture Notes means the Notes.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Lead Securitization Notes means Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D, Note A-1-E, Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5 for so long as any such note is included in the Lead Securitization.

  • Permitted Notes means and include (i) any Permitted Junior Notes and (ii) any Permitted Pari Passu Notes.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Public Notes means the Notes that have been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. As of the Closing Date, the Public Notes include the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, other than any Notes held by the Depositor (or any other entity whose separate existence from the Trust is disregarded for federal income tax purposes).

  • Equipment Notes means, at any time, the Series A Equipment Notes, the Series B Equipment Notes and the Series C Equipment Notes, collectively, and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures.

  • Senior Secured Notes Documents means the Senior Secured Notes Indenture, the Senior Secured Notes Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any supplemental indenture, any security document relating to the Senior Secured Notes and/or the Senior Secured Notes Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Unsecured Notes means the Borrower’s $700,000,000 10.75% Senior Notes due 2023 issued pursuant to the Unsecured Notes Indenture dated as of July 31, 2015.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • Note A-5 Securitization means the first sale by the Note A-5 Holder of all or a portion of Note A-5 to a depositor who will in turn include such portion of Note A-5 as part of the securitization of one or more mortgage loans.

  • Secured Notes means those 7.625% Senior Secured Notes due 2021 issued by the Borrower pursuant to the Secured Notes Indenture.

  • Senior Notes Documents means the Senior Notes, the Senior Notes Indenture, the Senior Notes Guarantees and all other documents executed and delivered with respect to the Senior Notes or the Senior Notes Indenture.