Permitted Concept definition

Permitted Concept means the concept set forth for a particular Site in the Collateral Table or such other concept as may be approved by Lender in its sole discretion for a particular Site.

Permitted Concept means a hotel and Cambria Suites.

Permitted Concept means a Xxxxxxx Inn hotel.

Examples of Permitted Concept in a sentence

• The Premises is in compliance with all applicable zoning requirements, and the use of the Premises as a Permitted Concept does not constitute a nonconforming use under applicable zoning requirements.

• All required licenses and permits, both governmental and private, to use and operate the Premises as a Permitted Concept are in full force and effect, except for such licenses and permits the failure of which to obtain has not had, and would not reasonably be expected to result in, a Material Adverse Effect.

• Adequate public utilities are available at the Premises to permit utilization of the Premises as a Permitted Concept and all utility connection fees and use charges will have been paid in full prior to delinquency.

• All required licenses and permits, both governmental and private, to use and operate the Premises as a Permitted Concept shall be maintained in full force and effect.

• Borrower will obtain and maintain in full force and effect at all times all permits that are required to use and operate each Site as a Permitted Concept, including any required liquor licenses.

More Definitions of Permitted Concept

Permitted Concept means a Friendly's restaurant.

Permitted Concept means, with respect to each Site and each New Property, a “Zoe’s Kitchen” restaurant.

Permitted Concept means a Famous Dave's restaurant or other restaurant or retail concept approved in writing by FFCA in its reasonable discretion.

Permitted Concept means a Tumbleweed restaurant.

Permitted Concept means the operation of each Premises as a recognized, regionally or nationally branded convenience store or convenience store brand used by Lessee for substantially all of its stores, with facilities for the sale of gasoline, which sells gasoline under the brand name "Fina" (or any variant thereof or successor brand thereto) or under any other national or brand name for gasoline having a similar or greater name recognition in the market area in which the Premises are located or any other brand to which Lender consents, in Lender's reasonable discretion.

Permitted Concept means a hotel and SpringHill Suites.

Permitted Concept means a hotel using the Savannah Suites trade name or any other trade name reasonably acceptable to Lender and related operations.