Restaurant Assets definition

Restaurant Assets mean assets used in or in connection with the operation of restaurants by XxxxXxxx.
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Restaurant Assets means the personal property and fixtures purchased by Ark Shuckers pursuant to the Ark Shuckers Purchase Agreement.
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Restaurant Assets means all equipment, furniture, materials, decorations and other items located in the Leased Premises as of the Commencement Date and used in connection with the restaurant, lounge and food services business operated from the Leased Premises prior to the Commencement Date, but excluding all food and beverage products;
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Examples of Restaurant Assets in a sentence

  • Loss (Gain) on Restaurant Assets: For fiscal 2011 the gain on restaurant assets was $184,000 compared to a loss of $199,000 in fiscal 2010.

  • The Tenant covenants to use the Leased Premises and the Restaurant Assets solely for the purpose of operating the Business.

  • The Tenant accepts the Leased Premises and the Restaurant Assets under this Agreement entirely as they are as of the date hereof.

  • The decrease in loss from operations for the fiscal year is due primarily to matters discussed in the "Restaurant Operating Costs", "General and Administrative Costs", "Franchise Costs" and "Loss (Gain) on Restaurant Assets" sections above.

  • Section 4.1 Definition of Change of Control 16 Section 4.2 Restrictions on Transfer of Partnership Securities 16 Section 4.3 Transfers to Subsidiaries and Related Parties 18 Section 4.4 Signatories Jointly and Severally Liable 18 Section 4.5 Change of Control of SIR 18 Section 4.6 Acquisition of Pledged Shares 20 Section 4.7 Acquisition of Restaurant Assets 20 Section 4.8 Restrictions on Transfer of Units.

  • At the end or sooner determination of the Term, the Tenant will surrender and yield up to the Landlord the Leased Premisesand the Restaurant Assets in good repair and in a neat and clean condition, free and clear of all waste material, debris and rubbish, all to the reasonable satisfaction of the Landlord, reasonable wear and tear excepted.

  • The Tenant acknowledges and confirms that it has agreed to lease the Leased Premises and the Restaurant Assets after having examining them and confirmed that they are, as of the date of this Agreement, in a good state of repair and suitable for the Business.

  • The Tenant will not, and will not permit any other person to use or occupy the Leased Premises or the Restaurant Assets or any part thereof for any illegal or unlawful purpose or for any business or purpose not specifically authorized by the Landlord in this Agreement or otherwise in writing in advance.

  • Simultaneously, Delta sold all assets acquired from Columbia not directly related to casino operations, including the Grand Station Hotel, to Great Southern for a purchase price of $2.1 million pursuant to the Horizon Casino Hotel and Restaurant Assets Spin-Off Agreement (Stip.

  • Upon termination or expiration of this Agreement without renewal the Franchisor shall have the irrevocable option to purchase from the Franchisee all the tangible assets of the Restaurant ("Assets").


More Definitions of Restaurant Assets

Restaurant Assets means any and all assets used in connection with and regularly located at the Restaurant including any furniture, fixtures, equipment, signage, decorations, leasehold improvements and betterments, telephone numbers, any right, title or interest to any personal property leases or the Lease or other right to occupy the premises of the Restaurant and any right, title or interest to this Agreement or the Franchise.
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Restaurant Assets means the assets used in the operation of the Business.
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Restaurant Assets means those assets related to Sellers’ Restaurant operations, excluding any Intellectual Property. “Restaurants” means each of the restaurants located as set forth on Schedule 1.1(c), which restaurants are being acquired pursuant to this Agreement. “Restaurant Services” means the operation and management of Keke’s Breakfast Cafe quick service, casual dining, fast casual, family dining, take-out, catering and similar restaurant services, including (i) the sale of apparel, souvenirs and similar incidental retail goods and products related to such services and (ii) the online or on-demand delivery of food prepared through such services. “Schedules” means the disclosure schedules of Sellers and Purchasers, as applicable, accompanying this Agreement. “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. “Seller Closing Certificate” means a certificate, dated as of the Closing Date and signed by a duly authorized officer of each Seller, that each of the conditions set forth in Section 8.1(a) and Section 8.1(b) have been satisfied. “Seller IP” means the Owned Intellectual Property and Licensed Intellectual Property. “Seller Secretary’s Certificate” means a certificate of the Secretary (or equivalent officer) of each Seller certifying that attached thereto are certified copies of each Seller’s Organizational Documents, and true and complete copies of all resolutions of each Seller’s board of directors and shareholders or manager and members, as applicable, approving the execution, delivery and performance of this Agreement and the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby, and certifying the names of the officers of each Seller authorized to sign this Agreement, the Transaction Documents and the other documents to be delivered hereunder and thereunder. “Seller Tax” means any Tax, if and to the extent that any Seller is or may be potentially liable under applicable Law, under Contract or on any other grounds (including, but not limited to, as a transferee or successor, under Code Section 6901 or Treasury Regulation Section 1.1502-6, as a result of any Tax sharing or other agreement, or by operation of law) for any such Tax). “Seller Tax Return” means any return, election, declaration,...
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Restaurant Assets means all assets and property rights of any kind or character, wherever located, whether tangible or intangible (including goodwill), whether or not reflected on the Seller's books or records, currently used by the Seller in connection with the Restaurant Business, as further described in the following clauses 1.2.1 through 1.2.13, as they exist on the Closing Date; provided, however, that the Restaurant Assets shall not include the excluded assets listed on Exhibit 1.2 ("Excluded Assets"):
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Related to Restaurant Assets

  • Restaurant means a business location:

  • Restaurants means a business that prepares and serves food and drinks to customers.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Independent Assets or Operations means, with respect to any such parent company, that such parent company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Issuer and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such parent company, is more than 3.0% of such parent company’s corresponding consolidated amount.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.

  • Building Equipment shall have the meaning set forth in the Security Instrument.

  • Current Assets of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper in accordance with GAAP.

  • Operating Area means those areas on-shore in India in which company or its affiliated company may from time to time be entitled to execute such services/operations.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Gaming Equipment means any and all gaming devices, gaming device parts inventory and other related gaming equipment and supplies used in connection with the operation of a casino, including (without limitation), slot machines, gaming tables, cards, dice, chips, tokens, player tracking systems, cashless wagering systems, electronic betting systems, mobile gaming systems and associated equipment which are located at the Casino Components, owned or leased by Operating Company or Mortgage Borrower and used or useable exclusively in the present or future operation of slot machines and live games at the Casino Component, together with all improvements and/or additions thereto.

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Subject Assets is defined in Section 2.2(c).

  • IT Assets means Software, systems, servers, computers, hardware, firmware, middleware, networks, data communications lines, routers, hubs, switches and all other information technology equipment, and all associated documentation, in each case, used or held for use in the operation of the Business.

  • Digital Assets means electronic files for which a fee has been paid that are downloaded and stored on home electronic equipment, computers or mobile phones. “Digital assets” does not include downloaded files pertaining to “your” “business”.

  • Qualified machinery and equipment means all new industrial

  • Cemetery merchandise means merchandise described in section 4(1)(k)(i).

  • Qualified buildings means construction of new structures,