Take 5 Franchisor definition

Take 5 Franchisor means Take 5 Franchisor SPV LLC, a special purpose Delaware limited liability company and a direct, wholly owned subsidiary of the Franchisor Holdco.
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Take 5 Franchisor means Take 5 Franchisor SPV LLC, a special purpose Delaware limited liability company and a direct, wholly owned subsidiary of the Franchisor Holdco. “Take 5 IP” means the portion of the Securitization IP relating to the Take 5 Brand. “Take 5 License Agreement” means the Take 5 License Agreement, dated as of the Series 2018-1 Closing Date, by and between Take 5 Franchisor, as licensor, and Take 5 Properties, as licensee, as amended, supplemented or otherwise modified from time to time. “Take 5 Monthly Fiscal Period” means the following fiscal periods of Take 5 Franchisor and Take 5 Properties: (a) with respect to each 52-week fiscal year of Take 5 Franchisor and Take 5 Properties, the first 5-week fiscal period and the remaining two four-week fiscal periods in each Quarterly Fiscal Period and (b) with respect to each 53-week fiscal year of Take 5 Franchisor and Take 5 Properties (i) one 5-week fiscal period and the remaining two four-week fiscal periods for each of the first three Quarterly Fiscal Periods in such fiscal year, and (ii) an initial 5-week fiscal period, the subsequent four- week fiscal period, and the xxxxx 0-week fiscal period in the fourth Quarterly Fiscal Period of such fiscal year. “Take 5 Oil” means Take 5 Oil Change, LLC, a Delaware limited liability company. “Take 5 Properties” means Take 5 Properties SPV LLC, a newly formed, special purpose Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, which owns the Securitization-Owned Locations and related Securitization-Owned Location Assets for the Take 5 Brand contributed thereto on the Series 2018-1 Closing Date and thereafter.
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Related to Take 5 Franchisor

  • Franchisor means a refiner or distributor who authorizes or permits, under a franchise, a retailer to use a trademark in connection with the sale, consignment, or distribution of fuel.

  • Franchisee means a person to whom a franchise is granted. Franchisee includes the following:

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

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