Franchisor Comfort Letter definition

Franchisor Comfort Letter means, for each Collateral Property, a comfort letter or similar instrument from the related Franchisor to Administrative Agent acknowledging the Loan and providing certain assurances, in form and substance reasonably satisfactory to Administrative Agent.
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Franchisor Comfort Letter. – means a letter agreement to be executed between Franchisor, Borrower and/or Operating Lessee, as the case may be, and Administrative Agent with respect to any Franchise Agreement.
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Franchisor Comfort Letter means that certain letter agreement from the Approved Franchisor, for the benefit of Lender, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance therewith.
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Examples of Franchisor Comfort Letter in a sentence

  • See Section 3.1 for more information on O&M activities that should be performed on these systems.


More Definitions of Franchisor Comfort Letter

Franchisor Comfort Letter means an estoppel and recognition letter agreement between Franchisor and Lender, which letter agreement shall be acceptable to Lender, which acceptance will not be unreasonably withheld, delayed or conditioned and, after the occurrence of a Securitization, Lender shall have received written confirmation from the Rating Agencies that the terms of such letter agreement will not result in a downgrade, withdrawal or qualification of the initial, or if higher, then current ratings of the Securities.
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Franchisor Comfort Letter means a letter agreement to be executed between Franchisor, Borrower and/or Operating Lessee, as the case may be, and Administrative Agent with respect to any Franchise Agreement.
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Franchisor Comfort Letter means the letter agreement to be executed by Franchisor and the Acquiror effective on the Closing Date, which is in the form of Item 11 of the Master Addendum.
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Franchisor Comfort Letter means that certain letter agreement dated as of the Closing Date among Borrower, Franchisor and Agent.
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Related to Franchisor Comfort Letter

  • Comfort Letter has the meaning given to that term in subsection 6.1(k)(i) hereto;

  • comfort letters signed by the Company's independent public accountants who have examined and reported on the Company's financial statements included in the registration statement, to the extent permitted by the standards of the American Institute of Certified Public Accountants, covering substantially the same matters with respect to the registration statement (and the prospectus included therein) and (in the case of the accountants' "comfort" letters) with respect to events subsequent to the date of the financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' "comfort" letters delivered to the underwriters in underwritten public offerings of securities, to the extent that the Company is required to deliver or cause the delivery of such opinion or "comfort" letters to the underwriters in an underwritten public offering of securities;

  • Private Letter Ruling shall have the meaning set forth in the Recitals.

  • Company Counsel means Xxxxxxxx LLP, with offices located at 000 Xxxxx Xxxxxx Xxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxx 00000.

  • Regulatory Agreement means the regulatory agreement between HPD and the Owner establishing certain controls upon the operation of the Exemption Area during the term of the Exemption.

  • Company U.S. Counsel means Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx, Professional Corporation.

  • Bond Counsel means an attorney or firm of attorneys of nationally recognized standing on the subject of municipal bonds satisfactory to the Director.

  • Underwritten Net Cash Flow means, as of any date of determination, the excess of: (i) for the twelve (12) month period ending on such date, the sum of (A) the lesser of (1) GPR multiplied by 94.0%, and (2) Actual Rent Collections, and (B) Other Receipts; over (ii) for the twelve (12) month period ending on such date, the sum of (A) Operating Expenses, adjusted to reflect exclusion of amounts representing non-recurring expenses, (B) Underwritten Capital Expenditures and (C)

  • Favorable Opinion of Bond Counsel means an opinion of Bond Counsel addressed to the Issuer and the Trustee to the effect that the action proposed to be taken is authorized or permitted by the laws of the Commonwealth and this Indenture and will not, in and of itself, adversely affect any exclusion of interest on the Bonds from gross income of the owners thereof for federal income tax purposes.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Placement Agency Agreement means that certain Placement Agency Agreement by and between the Company and the Placement Agent, dated as of the date hereof.

  • Regulatory Services Agreement means the agreement between BSEF and the Regulatory Services Provider whereby the Regulatory Services Provider provides market surveillance and trade practice surveillance functions as well as other compliance related services to the SEF operated by BSEF.

  • Disclosure Counsel means the Special Counsel designated by the Corporation to be responsible for the drafting and delivery of the Corporation’s disclosure documents such as preliminary official statements, official statements, re-offering memorandums or private placement memorandums and continuing disclosure agreements.

  • Applicable Insurance Regulatory Authority means the insurance department or similar insurance regulatory or administrative authority or agency of the jurisdiction in which the Company is domiciled.

  • Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).

  • self-assessment ’ means a determination of the amount of tax payable under a tax Act by a taxpayer and—

  • Purchaser Counsel has the meaning set forth in Section 6.2(a).

  • Special Flood Hazard Area means an area that FEMA’s current flood maps indicate has at least a one percent (1%) chance of a flood equal to or exceeding the base flood elevation (a 100-year flood) in any given year.

  • Disclosure Document means any registration statement (including the Form 10) filed with the SEC by or on behalf of any Party or any member of its Group, and also includes any information statement (including the Information Statement), prospectus, offering memorandum, offering circular, periodic report or similar disclosure document, whether or not filed with the SEC or any other Governmental Authority, in each case that describes the Separation or the Distribution or the SpinCo Group or primarily relates to the transactions contemplated hereby.

  • Special Counsel means an "independent legal counsel" as defined in Reg. §270.0-1(a)(6) promulgated under the 1940 Act, and such counsel shall be selected by a majority of the Independent Non-Party Directors.

  • Special Flood Hazard Area (SFHA means the land in the floodplain subject to a one percent (1%) or greater chance of being flooded in any given year, as determined in Article 3, Section B of this ordinance.

  • Second opinion means an opportunity or requirement to obtain a clinical evaluation by a provider other than the one originally making a recommendation for a proposed health service to assess the clinical necessity and appropriateness of the initial proposed health service.

  • Expansion to an existing manufactured home park or subdivision means the preparation of additional sites by the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads).

  • Placement Agent Agreement means that certain placement agent agreement dated as of the date hereof between the Company and the Placement Agent.