Qualified Project

Qualified Project. Means a Project that satisfies the following conditions (all as determined in the reasonable discretion of the Developer, Franchisor and Tenant)

Qualified Project. Means a Project that satisfies the following conditions (all as determined in the reasonable discretion of the Developer, and Tenant): i. Developer has entered into a valid and binding contract to purchase the Property. ii. All material approvals from the Tenant of the Concept have been obtained. iii. Developer has identified an investor to acquire the Property (the "Investor"). iv. The Investor has approved the Project. v. The Investor has secured financing with respect to the acquisition and... development of the Property, including, but not limited to, a loan commitment or equity approval. View More