Examples of Restaurant Leases in a sentence
The Manager shall be responsible for collecting and administering tenant improvement allowances and similar amounts received from landlords with respect to the Franchised Restaurant Leases.
Any such amounts received from landlords shall be collected and maintained in one or more accounts in the name of the Manager, and will be utilized by the Manager for improvements, renovations or other capital expenditures in respect of real property subject to New Franchised Restaurant Leases or, to the extent any such funds represent a reimbursement of such expenditures previously made by the Manager, may be retained by the Manager.
Any such amounts received from landlords shall be collected and maintained in one or more accounts in the name of the Manager, and will be utilized by the Manager for improvements, renovations or other capital expenditures in respect of real property subject to Franchised Restaurant Leases or, to the extent any such funds represent a reimbursement of such expenditures previously made by the Manager, may be retained by the Manager.
The Manager may, but shall not be required to, collect and administer tenant improvement allowances and similar amounts, if any, received from landlords with respect to the New Franchised Restaurant Leases.
The Master Issuer shall not, and shall not permit any other Securitization Entity to, enter into any lease of real property (other than in connection with any Permitted Asset Disposition or New Contributed Restaurant Leases, New Franchised Restaurant Leases or New Retained Restaurant Leases).
The Parent Borrower and Holdings shall, and shall cause the other Restricted Subsidiaries to, timely perform all of their material obligations under the Franchise Agreements and Restaurant Leases , except where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
The Parent Borrower and Holdings shall, and shall cause the oth- er Restricted Subsidiaries to, timely perform all of their material obligations under the Franchise Agreements and Restaurant Leases , except where the failure to do so would not, individually or in the aggregate, reasonably be ex- pected to have a Material Adverse Effect.
Excexx xxx the Xxxxx, xxxh Seller has good and marketable title to each and, collectively, all of the Assets, free and clear of any and all liens, agreements, restrictions, claims, security interest, pledges, charges, equities and other encumbrances, subject to the rights of the landlords under the Restaurant Leases.
Accordingly, BRAI shall ensure that none of the Subsidiaries materially defaults on any of the Restaurant Leases and that (subject to Section 17A) each such lease is renewed or extended before it expires.
Seller has not assigned, mortgaged or otherwise transferred, amended or encumbered, voluntarily or involuntarily, the Restaurant Leases or its interest therein except as specifically stated herein.