Franchisor Comfort Letters definition

Franchisor Comfort Letters means letters from -------------------------- the franchisor under the Franchise Agreement in favor of the Purchaser (or such designee of Purchaser as may take title to the Property, provided Purchaser advises Seller of such designee at least thirty (30) days prior to Closing) and any Mortgagee, substantially in the forms attached as Exhibits E-1 and E-2 or in ------------ --- such other form as the franchisor, Purchaser or Purchaser's designee or Mortgagee, as applicable, shall agree, provided that such other form substantially covers the matters set forth in said Exhibits E-1 and E-2. ------------ ---
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Franchisor Comfort Letters means the comfort letter from Franchisor under each Franchise Agreement delivered in connection with this Agreement, as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.
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Franchisor Comfort Letters means collectively, with respect to each Franchise Agreement covering a Borrowing Base Property, a letter agreement by and among a Qualified Franchisor, the applicable Loan Party and Administrative Agent with respect to such Franchise Agreement or assignment of such Franchise Agreement, in each case, substantially in the form then used by Administrative Agent (or such other form reasonably acceptable to Administrative Agent), executed and delivered to Administrative Agent at Borrowers’ sole cost and expense.
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Examples of Franchisor Comfort Letters in a sentence

  • As between Purchaser and Seller, the cost of seeking consents including, without limitation, any transfer or assumption fees incurred in connection therewith, Franchisor Comfort Letters and Estoppel Certificates shall be borne solely by Seller.

  • As between Purchaser and Seller, the cost of seeking consents including, without limitation, any transfer or assumption fees incurred in connection therewith, Franchisor Comfort Letters and Estoppel Certificates and/or the approval of the Condominium Association shall be borne solely by Seller.


More Definitions of Franchisor Comfort Letters

Franchisor Comfort Letters means letters from -------------------------- franchisor under the Franchise Agreement in favor of the Purchaser (or such designee of Purchaser as may take title to the Property, provided Purchaser advises Seller of such designee at least thirty (30) days prior to Closing) and any Mortgagee, substantially in the forms attached as Exhibits E-1 and E-2 or in ------------ --- such other form as the franchisor, Purchaser or Purchaser's designee or Mortgagee, as applicable, shall agree, provided that such other form substantially covers the matters set forth in said Exhibits E-1 and E-2. ------------ --- 1.34. "Full Service Hotels" shall mean hotels with a ------------------- restaurant and meeting facilities and may have some or all of the following: conference facilities, banquet space, lounge areas, gift shops, recreational facilities (including swimming pool), and guest services (including room service, valet service and laundry).
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Franchisor Comfort Letters. With respect to each Mortgage Loan secured by a hospitality property with respect to which a franchisor comfort letter exists, (A) (i) such comfort letter is freely assignable and (ii) all steps necessary for the Trust to have the full benefit of the comfort letter have been taken or shall be taken by the Seller within the timeframes contemplated under such comfort letter, including, without limitation, notification by the Seller to the franchisor of any such assignment, or (B) the related franchisor has delivered to the Trustee a replacement comfort letter in favor of the Trust containing the same terms and conditions as the original comfort letter. EXHIBIT C EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES Numerical references are to the corresponding Mortgage Loan representations and warranties set forth in Exhibit B to the Mortgage Loan Purchase Agreement. Numbers and titles correspond to the representation number and corresponding titles in the related Mortgage Loan representations and warranties. The loan numbers correspond to the control numbers listed in Annex A to the Prospectus Supplement. Any exception listed below in respect of a particular representation or warranty shall also be deemed to apply to any other applicable representation or warranty.
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Franchisor Comfort Letters. With respect to each Mortgage Loan secured by a hospitality property with respect to which a franchisor comfort letter exists, (A) (i) such comfort letter is freely assignable and (ii) all steps necessary for the Trust to have the full benefit of the comfort letter have been taken or shall be taken by the Seller within the timeframes contemplated under such comfort letter, including, without limitation, notification by the Seller to the franchisor of any such assignment, or (B) the related franchisor has delivered to the Trustee a replacement comfort letter in favor of the Trust containing the same terms and conditions as the original comfort letter. EXHIBIT C GG11 - EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES -------------------------------------------------------------------------------- Representation Description of Exception --------------------------------------------------------------------------------
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Franchisor Comfort Letters means letters from the franchisor under the Franchise Agreement in favor of the Purchaser (or such designee of Purchaser as may take title to the Property, provided Purchaser advises Seller of such designee at least thirty (30) days prior to Closing) and any Mortgagee, substantially in the forms attached as Exhibits E-1 and E-2 or in such other form as the franchisor, Purchaser or Purchaser's designee or Mortgagee, as applicable, shall agree, provided that such other form substantially covers the matters set forth in said Exhibits E-1 and E-2.
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Related to Franchisor Comfort Letters

  • 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 has the meaning set forth in the recitals.

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

  • Company U.S. Counsel means Xxxxxx Xxxxxx Xxxxxxxxx Xxxx and Xxxx LLP, with offices located at 00 Xxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000.

  • 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)

  • Applicable Insurance Regulatory Authority means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in (x) the state or other jurisdiction in which such Insurance Subsidiary is domiciled or (y) to the extent asserting regulatory jurisdiction over such Insurance Subsidiary, the insurance department, authority or agency in each state or other jurisdiction in which such Insurance Subsidiary is licensed, and shall include any Federal insurance regulatory department, authority or agency that may be created in the future and that asserts regulatory jurisdiction over such Insurance Subsidiary.

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

  • 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.

  • Underwriters means the underwriters named in Schedule A to the Underwriting Agreement.

  • self-assessment means an assessment made by a taxpayer or his representative under section 28;

  • Favorable Opinion of Bond Counsel means an opinion or opinions of nationally recognized bond counsel to the effect that the action proposed to be taken is authorized or permitted by the Certificate and will not adversely affect the exclusion of interest on the Bonds from gross income for purposes of federal income taxation.

  • Special Counsel means one special counsel to the Holders, for which the Holders will be reimbursed by the Company pursuant to Section 4.

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

  • Initial Environmental Examination or “IEE” means an initial environmental examination for a Subproject, including any update thereto, prepared and submitted by the Borrower pursuant to the requirements set forth in the EARF and cleared by ADB;

  • 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.

  • Placement Agency Agreement means the Placement Agency Agreement by and between the Company and the Placement Agent dated the date hereof.

  • 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.

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

  • Purchaser’s Counsel means Xxxxxx Xxxxxx Xxxxxxx LLP.

  • Fee and Expense Application means the motion to be filed by Class Counsel, in which they will seek approval of an award of attorneys’ fees, costs, and expenses, as well as an Incentive Award for the Class Representative.

  • Public expense means that the LEA either pays for the full cost of the evaluation or ensures that the evaluation is otherwise provided at no cost to you, consistent with the provisions of Part B of the IDEA, which allow each State to use whatever State, local, Federal and private sources of support are available in the State to meet the requirements of Part B of the Act.

  • Initial Engineering Report means the engineering report concerning Oil and Gas Properties of Loan Parties dated as of June 30, 2016, prepared internally by the Borrower.

  • Secondary Market Transaction shall have the meaning set forth in Section 11.1 hereof.