Royalty Pool definition

Royalty Pool means, in any period, all Pizza Pizza and Pizza 73 Restaurants for which System Sales is to be determined for such period, as described under "Licence and Royalty — The Pizza Pizza and Pizza 73 Royalty".

Royalty Pool means, in any period, all Boston Pizza Restaurants for which Franchise Revenue is to be determined for such period, as described under “License and Royalty – The Royalty”.

Royalty Pool means, in any period, all Boston Pizza Restaurants whose Franchise Sales form the basis on which the Royalty is payable by BPI to Royalties LP, and Distribution Income is payable by BP Canada LP to Holdings LP, as described under “License and Royalty – The Royalty”, and “Description of BP Canada LP – Available Cash / Distributions”.

Examples of Royalty Pool in a sentence

• Similarly, on the Adjustment Date, the Royalty Pool is adjusted to include the forecasted system sales from new Pizza 73 restaurants opened on or before September 1 of the prior year, less any Pizza 73 restaurants permanently closed during the calendar year.

• Subject to the Amended and Restated Exchange Agreement, PPL has the right to exchange one Class B or Class D Unit indirectly for that number of shares equal to the Class B Exchange Multiplier or Class D Exchange Multiplier, respectively, applicable at the date of such exchange, as described under “Licence and Royalty Adjustment of the Royalty Pool Changes in the Restaurants in the Royalty Pool”.

• Annually, on January 1 (the “Adjustment Date”), the Royalty Pool is adjusted to include the forecasted system sales from new Pizza Pizza restaurants opened on or before December 31 of the prior year, less system sales from any Pizza Pizza restaurants that have been permanently closed during the year.

• The parties hereto agree that the amendment procedure with respect to the Royalty Pool shall be completed in accordance with the terms and procedures set out in the Licence and Royalty Agreement.

• Concurrent with the acquisition of the Pizza 73 Rights and Marks, the Partnership granted PPL an exclusive and unlimited licence to use the Pizza 73 Rights and Marks in exchange for PPL paying a 9% royalty on the system sales of all Pizza 73 restaurants included in the Royalty Pool.

More Definitions of Royalty Pool

Royalty Pool means, initially, the Initial Cafés, and subsequently consists of the most recently adjusted number of Second Cup cafés to be used for determining System Sales for a particular Payment Period.

Royalty Pool means the A&W restaurants in respect of which the Royalty is payable pursuant to the terms of the Licence and Royalty Agreement, as adjusted from time to time.

Royalty Pool at any time means the Initial A&W Outlets and the Additional A&W Outlets at such time, and for greater certainty, does not include the Permanently Closed A&W Outlets.

Royalty Pool means, in any period, all Keg restaurants for which System Sales is to be determined for such period, as described under “Licence and Royalty — The Royalty”.

Royalty Pool means for any period, all FW Restaurants in respect of which OJFG is required to a pay a royalty to FW Partnership pursuant to and in accordance with the terms and provisions of the Licence and Royalty Agreement.

Royalty Pool means, in any period, all Boston Pizza Restaurants for which Franchise Revenue is to be determined for such period.

Royalty Pool. ’ means the most recently adjusted number of Second Cup cafe´s to be used for determining System Sales for a particular month.