TPR Business definition

TPR Business means the set of business activities that Franchisor authorizes its franchisees to conduct under the TPR Method, as that term is defined in the Franchise Agreements and further defined in the Addendum to Franchise Agreement dated May 31, 1995. The Sellers and Buyer agree that "TPR Business" shall not include any interactive teaching system not requiring the attendance of students at any fixed premises ("Distance Learning"). If any entity that becomes a guarantor under this Section (a "Guarantor") reorganizes its corporate structure, transfers or sells the assets associated with the TPR Business, or creates or acquires wholly-owned subsidiaries to operate all or a portion of the TPR Business, Buyer and the Guarantor shall cause the successor to the Guarantor's interest in the TPR Business to execute the Guaranty or to assume the Note.
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TPR Business means the provision of the TPR Services as heretofore carried on by TPR and as the same may evolve and change as contemplated in the License and Service Provider Agreement but excluding the activities to be carried on by the Province identified in Sections 7.2(5) to 7.2(8) inclusive of the License and Service Provider Agreement.
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Examples of TPR Business in a sentence

  • The Sellers and Buyer agree that "TPR Business" shall not include any interactive teaching system not requiring the attendance of students at any fixed premises ("Distance Learning").

  • For ex- ample, ANQP can be used for discovering which credentials can be used to authenticate to a hotspot.

  • For purposes of this Section, "TPR Business" means the set of business activities that Franchisor authorizes its franchisees to conduct under the TPR Method, as that term is defined in the Franchise Agreements and further defined in the Addendum to Franchise Agreement dated May 31, 1995.

  • If the entity that will assume the Sellers' obligations under the Leases is not Buyer or a successor owner of the TPR Business (as defined in Section 4.2.1 below), and if necessary to obtain the lessor's consent to the assignment of a Lease or the release of a Stockholder's obligations under a guarantee of a Lease, Buyer (or the affiliate of Buyer that then owns the TPR Business) shall offer a guaranty of the lessee's financial obligations under the Lease.

  • If the TPR Business is divided among multiple entities, each of them shall be deemed a successor for purposes of this provision and shall execute the Guaranty (or assume the Note).

  • If the TPR Business is divided among multiple entities, each of them shall be deemed a successor for purposes of this provision and shall execute the Guaranty (or assume each Note).

  • The consultants will deliver the followings: NoNoNo All reports must be written in excellent English and Vietnamese, well formatted and will be submitted to PMU/HTD-VAST, UNDP for approval.

  • If any entity that becomes a guarantor under this Section (a "Guarantor") reorganizes its corporate structure, transfers or sells the assets associated with the TPR Business, or creates or acquires wholly-owned subsidiaries to operate all or a portion of the TPR Business, Buyer and the Guarantor shall cause the successor to the Guarantor's interest in the TPR Business to execute the Guaranty or to assume the Note.

Related to TPR Business

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Former Business means any corporation, partnership, entity, division, business unit, business or set of business operations that has been sold, conveyed, assigned, transferred or otherwise disposed of or divested (other than solely in connection with the Restructuring), in whole or in part, or the operations, activities or production of which has been discontinued, abandoned, liquidated, completed or otherwise terminated, in whole or in part, in each case, by either Group prior to the Distribution Time.

  • Similar Business means (1) any business conducted or proposed to be conducted by the Borrower or any of its Restricted Subsidiaries on the Closing Date, and any reasonable extension thereof, or (2) any business or other activities that are reasonably similar, ancillary, incidental, complementary or related to, or a reasonable extension, development or expansion of, the businesses in which the Borrower and its Restricted Subsidiaries are engaged or propose to be engaged on the Closing Date.

  • Active Trade or Business means the active conduct (determined in accordance with Section 355(b) of the Code) of the business conducted by the WRECO Group members. For these purposes, members shall include only those members that are part of WRECO’s “separate affiliated group” within the meaning of Section 355(b)(3)(B) of the Code.

  • Minority Business means a business:

  • Primary sector business means an individual, corporation, limited liability company,

  • Micro Business means a company which either:

  • Other Business(es means any business activity we or our Affiliates engage in, other than the licensing of the Hotel.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Acquired Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Business has the meaning set forth in the Recitals.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Sold Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Licensed Business means the activities connected with the conveyance of

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Company Business means the business of the Company as presently conducted.

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Restricted Business has the meaning set forth in Section 6.10(a).