Examples of Initial Restaurant in a sentence
This policy of non- discrimination and harassment is not limited to employees and potential employees, but extends to how the Company treats its partners, investors, customers and other constituencies.
With respect to the first three Restaurant Properties to be acquired with Advances made pursuant to this Agreement (the "Initial Restaurant Properties") Agent and Lessor shall have received an appraisal indicating a fair market value of such Restaurant Property upon the completion of the related Restaurant Improvements of no less than the projected Project Costs for the applicable Restaurant Improvements and otherwise in form and substance reasonably satisfactory to Agent and Lessor.
No oral representations have been made or oral information furnished to Toomy or his advisors in connection with his review of the documents, records and books pertaining to the Partnership, the Initial Restaurant and the proposed Additional Restaurants that were in any way inconsistent with such documents, records and books.
Toomy acknowledges that some of the restaurants that may be developed, directly or indirectly, by Hops (other than the Initial Restaurant or the Additional Restaurants to be developed hereunder) may directly or indirectly compete with the restaurants to be developed and operated hereunder.
No oral representations have been made or oral information furnished to RMRP or the RMRP Principals or their respective advisors in connection with his review of the documents, records and books pertaining to the Partnership, the Initial Restaurant and the proposed Additional Restaurants that were in any way inconsistent with such documents, records and books.
It is hereby agreed by the parties that the Initial Restaurant will be located in Plantation (Broward County), Florida and will be owned indirectly by the Partnership through a Second-Tier Partnership known as "Hops of Plantation, Ltd." which will initially be owned as follows: HSF will own a 1% interest as the sole general partner; HSF will own a 0.1% as a limited partner; and the Partnership will own a 98.9% interest as a limited partner.
If you choose to open more than three (3) Restaurants, your Initial Development Fee will be calculated as follows: $35,000 for the Initial Restaurant that we will grant you the right to open and operate under the Development Agreement, plus $25,000 for each Additional Restaurant that you are granted the right to open under the Development Agreement.
Additionally, once constructed, any decision regarding the continued operation of some or all of the Initial Restaurant or the Additional Restaurants, if any, will rest solely with HSF and may be influenced by factors unrelated to the business of the Partnership.
If Hops and HRI are unable to locate and secure a site for the Initial Restaurant within one (1) year of the date of this Agreement, (i) this Agreement shall become null and void and of no further force or effect, except that RMRP and its principals shall continue to be bound by the provisions of Section 6 hereof, and (ii) Hops shall promptly refund to RMRP the fee paid with respect to the Initial Restaurant as set forth in Section 1(c) below, without interest.
Toomy and/or his advisors have had a reasonable opportunity to ask questions of and receive answers from representatives of Hops and HSF concerning the Partnership, the Initial Restaurant and the proposed Additional Restaurants, and to obtain additional information, to the extent possessed or obtainable without unreasonable effort or expense, necessary to verify the accuracy of the information contained in all documents and materials that have been made available to him and/or his advisors.