Restaurant Property definition
Examples of Restaurant Property in a sentence
Failure of BKC to provide such written notice within the Election Period shall constitute a refusal by BKC to purchase such Restricted Restaurant Property pursuant to the Offer.
The offer of such Restricted Restaurant Property to BKC (the "Offer") shall be made in writing and shall be accompanied by a true and correct copy of the bona fide written offer.
Subject to the provisions of Section 8.4(b), if the Partnership receives a bona fide written offer from an independent third party to acquire in a transfer all or any part of any Restricted Restaurant Property that the Partnership intends to accept, subject to this Section 8.4(c), then the Partnership shall offer such Restricted Restaurant Property to BKC at the price and on the terms and conditions (including timing and manner of payment) contained in such bona fide written offer.
BKC in no event shall be entitled to any fee or other payment from the Partnership in connection with the rebuilding of a Restricted Restaurant Property under the Successor Policy.
The obligation of BKC to make payments to the Partnership under this Section 8.6(b) in connection with a rent reduction granted hereunder shall continue until the lease under which such rent reduction is granted terminates or expires, notwithstanding any intervening sale or other disposition by the Partnership of the Restricted Restaurant Property with respect to which such rent reduction is granted.