Document:

Exhibit 10.16

                                AMENDMENT
                                   TO
                              LOAN AGREEMENT

     THIS AMENDMENT TO LOAN AGREEMENT  ("Amendment") is made effective as of
November 30, 2001 (the "Effective Date") by and between SHONEY'S PROPERTIES
GROUP 2, LLC, a Delaware limited liability company ("Debtor"), and GE CAPITAL
FRANCHISE FINANCE CORPORATION, a Delaware corporation, successor by merger to
FFCA FUNDING CORPORATION ("FFC").

                         PRELIMINARY STATEMENT

     Debtor and FFC entered into that certain Loan Agreement dated as of
September 6, 2000 (the "Loan Agreement").

     The Loan Agreement provided for FFC to provide the Loans to Debtor for
the Premises, with each Loan to be evidenced by a Note and secured by a first
priority security interest in the corresponding Premises pursuant to a
Mortgage.

     This Amendment to Loan Agreement is being executed and delivered by
Debtor and FFC as a result of the payoff of all amounts owed by Debtor under
that certain Promissory Note dated as of September 6, 2000 executed by Debtor
in favor of FFC (the "Note") and the consequent release of the released
premises described on attached Exhibit A (the "Released Property") from the
provisions of the Loan Agreement between Debtor and FFC and all of the
related Loan Documents (as that term is defined in the Loan Agreement).  For
purposes of this Amendment, all capitalized terms used and not otherwise
defined herein shall have the meaning ascribed to such terms as are contained
in the Loan Agreement.

                              AGREEMENT

     In consideration of the mutual agreements contained herein and other
good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree to amend the Loan Agreement as
follows:

     1. DEFINITIONS.  All references to the Loan Agreement and the Loan
Documents referring to "FFCA", or any other definitions in the Loan Agreement
containing the term "FFCA" in all or part of its defined term, such as "FFCA
Entities", "FFCA Payments", etc., shall be amended to mean and refer to "FFC"
which means GE Capital Franchise Finance Corporation, a Delaware corporation,
and successor by merger to both FFCA Acquisition Corporation and FFCA Funding
Corporation.

     2. DELETION; CONTINUING OBLIGATIONS.

     (i)   On and after the Effective Date:  the Released Property shall be
deemed, and is hereby, deleted and removed as one of the Premises for all
purposes of the Loan Agreement; the

                                     1

Released Property shall be excluded from the aggregate Fixed Charge Coverage
Ratio requirement set forth in the Loan Agreement and the Master Lease; the
Released Property shall be excluded from the definition of "Premises" as that
term is defined and used in the Loan Agreement and other Loan Documents; and
other defined terms in the Loan Agreement and other Loan documents shall be
deemed modified to exclude the corresponding information for the Released
Property, as appropriate.

     (ii)  Exhibit A to the Loan Agreement is hereby modified to delete the
address and FFC File Number for the Released Property.

     (iii) Notwithstanding the deletion and removal of the Released Property
from the Loan Agreement, this Amendment and such deletion and removal shall
not surrender, relinquish, discharge or release and shall not be interpreted
or construed as modifying, amending, terminating, limiting or affecting in
any manner Debtor's obligations and liabilities to FFC and the other FFC
Entities which have accrued or arisen under the Loan Agreement with respect
to the Released Property prior to the Effective Date of this Amendment,
including, without limitation, the following (the "Debtor's Continuing
Obligations"):

          (a) the indemnification and hold harmless obligations of Debtor to
the Indemnified Parties, including, without limitation, FFC, set forth in the
Loan Agreement, including, without limitation, the provisions of Section 12
thereof;

          (b) Debtor's obligations and liabilities arising under the Loan
Agreement which have accrued as to the Released Property prior to the
Effective Date; and

          (c) the provisions of the Loan Agreement which the Loan Agreement
provides shall survive the expiration or termination thereof.

Debtor shall be obligated to pay and perform all of the Debtor's Continuing
Obligations in accordance with the corresponding terms and provisions of the
Loan Agreement.

     3. NO FURTHER AMENDMENTS.  Except as specifically modified, amended or
changed herein in connection with the Released Property, all terms and
provisions of the Loan Agreement shall remain in full force and effect,
unchanged and unmodified.  Without limiting the generality of the foregoing,
the representations, warranties and covenants of Debtor made in the Loan
Agreement  are hereby restated and affirmed.

     4. COUNTERPARTS.  This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original.

     5. EXHIBIT.  The exhibits attached hereto are incorporated herein by
this reference as though fully set forth herein.

                                     2

     IN WITNESS WHEREOF Debtor and FFCA have executed this Amendment as of
the date first above written.

                                  GE CAPITAL FRANCHISE FINANCE CORPORATION,
                                  a Delaware corporation, successor by merger
                                  to FFCA FUNDING CORPORATION

                                  By: /s/ Andrew G. Kent
                                      --------------------------------------
                                      Andrew G. Kent
                                      Senior Vice President, Associate
                                      General Counsel and Assistant Secretary

                                  SHONEY'S PROPERTIES GROUP 2, LLC, a
                                  Delaware limited liability company

                                  By:  Shoney's, Inc., a Tennessee
                                       corporation, its managing member

                                  By:  /s/ F. E. McDaniel, Jr.
                                       -------------------------------------
                                  Name: F. E. McDaniel, Jr.
                                        ------------------------------------
                                  Its:  Secretary
                                        ------------------------------------

                                     3

STATE OF ARIZONA    )
                    ) SS.
COUNTY OF MARICOPA  )

     The foregoing instrument was acknowledged before me on November 28, 2001
by Andrew G. Kent, Senior Vice President, Associate General Counsel and
Assistant Secretary of GE CAPITAL FRANCHISE FINANCE CORPORATION, a Delaware
corporation, successor by merger to FFCA Funding Corporation, on behalf of
the corporation.

                                           /s/ Michelle D. Stewart
                                           ----------------------------------
                                           Notary Public
My Commission Expires:

12-11-01
----------------------

STATE OF TENNESSEE  )
                    )ss
COUNTY OF DAVIDSON  )

     The foregoing instrument was acknowledged before me on November 20, 2001
by F. E. McDaniel, Secretary of Shoney's, Inc., a Tennessee corporation,
managing member of Shoney's Properties Group 2, LLC, a Delaware limited
liability company, on behalf of the corporation and limited liability
company.

                                           /s/ Sandra L. Leftwich
                                           ----------------------------------
                                           Notary Public
My Commission Expires:

3-26-2005
----------------------

                                     4

EXHIBIT A - LEGAL DESCRIPTION OF THE RELEASED PROPERTY

Omitted due to immateriality.Exhibit 10.21

        PARTIAL TERMINATION OF MASTER LEASE AND PARTIAL MUTUAL RELEASE

     THIS PARTIAL TERMINATION OF MASTER LEASE AND PARTIAL MUTUAL RELEASE
(this "Partial Termination Agreement") is made effective and entered into as
of October 31, 2001 (the "Effective Date"), by and between SHONEY'S
PROPERTIES GROUP 2, LLC, a Delaware limited liability company ("Lessor"),
whose address is 1727 Elm Hill Pike, Nashville, Tennessee 37210, and
SHONEY'S, INC., a Tennessee corporation ("Lessee"), whose address is 1727 Elm
Hill Pike, Nashville, Tennessee 37210.

                                 WITNESSETH:

     WHEREAS, Lessor is the owner of that certain real estate legally
described in Exhibit A attached hereto, together with all rights, privileges
and appurtenances associated therewith, and all buildings, fixtures and other
improvements now located thereon (the "Released Premises");

     WHEREAS, Lessor, as lessor, and Lessee, as lessee, entered into that
certain Master Lease dated as of  September 6, 2000, with respect to the
Released Premises and other properties (as amended from time to time, the
"Master Lease");

     WHEREAS, Lessor and Lessee wish to (i) execute this Partial Termination
Agreement as a result of Lessor's payoff of all amounts owed by Lessor to GE
Capital Franchise Finance Corporation, a Delaware corporation, successor by
merger to FFCA Funding Corporation ("FFC"), under that certain Promissory
Note executed by Lessor for the benefit of FFC dated as of September 6, 2000
(the "Note") and the consequential release of the Released Premises from the
provisions of the Loan Agreement between Lessor and FFC and the related Loan
Documents (as that term is defined in the Loan Agreement), and (ii) provide
for, among other things, the removal of the Released Premises, but not any
other properties, from the scope and effect of the Master Lease, effective as
of the Effective Date;

     WHEREAS, the parties intend that all of the properties subject to the
Master Lease other than the Released Premises (the "Remaining Premises") will
remain subject to the terms and provisions of the Master Lease (as the same
may be modified or amended as a result of this Partial Termination
Agreement); and

     WHEREAS, Lessor and Lessee desire to partially terminate the Master
Lease solely as to the Released Premises and all of their rights and
obligations as to the Released Premises, except as otherwise set forth in
this Partial Termination Agreement.

     NOW, THEREFORE, in consideration of the mutual agreements contained
herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Lessor and Lessee agree as
follows:

     1. As to the Released Premises only, the Master Lease is hereby
terminated as of the Effective Date; provided, however, such partial
termination shall not be construed or interpreted as: (a) terminating,
limiting or affecting in any manner the obligations and liabilities of Lessee
pursuant to the Master Lease as to the Remaining Premises, and such
obligations under the

Master Lease as to the Remaining Premises shall survive any partial
cancellations or partial termination of the Master Lease and the Master Lease
shall remain in full force and effect as to such Remaining Premises and shall
survive the execution and delivery of the instruments contemplated by the
release of the Released Premises, except that the partial termination shall
cause an adjustment in the amount of the Base Annual Rental and Additional
Rental from the amounts otherwise payable in accordance with the terms of the
Master Lease as follows: The term "Base Annual Rental" shall mean TWO MILLION
TWO HUNDRED NINETY NINE THOUSAND EIGHT HUNDRED NINETY AND 28/100 DOLLARS
($2,299,890.28), effective as of October 31, 2001; or (b) modifying,
amending, terminating, limiting or affecting in any manner the obligations
and liabilities of Lessee pursuant to the Master Lease as set forth in the
following Section 2.

     2. As to the Released Premises only, Lessee hereby surrenders,
relinquishes and releases unto Lessor all of its right, title and interest in
and to the Master Lease and the Released Premises, and in consideration of
the release of the remainder of the term of the Master Lease as it pertains
to the Released Premises and other good and valuable consideration, Lessor
hereby agrees that Lessee shall be discharged, relieved and released from any
liability for rents or other charges and all other Master Lease obligations
arising and accruing with respect to the Master Lease as to the Released
Premises only from and after the Effective Date; provided, however, such
partial surrender, relinquishment, discharge and release shall not be
interpreted or construed as modifying, amending, terminating, limiting or
affecting in any manner (the "Continuing Obligations"):

          (i)   Lessee's obligations and liabilities arising under the Master
Lease which have accrued as to the Released Premises prior to the Effective
Date;

          (ii)  Lessee's indemnification and hold harmless obligations to
Lessor set forth in Section 19 of the Master Lease as to the Released
Premises; and

          (iii) any obligations and liabilities of Lessee to Lessor which
have accrued prior to the Effective Date that are contained in any estoppel
certificate relating to the Released Premises delivered by Lessee to Lessor
under the Master Lease.

As to the Released Premises, Lessee shall be obligated to pay and perform all
of the Continuing Obligations in accordance with the corresponding terms and
provisions of the Master Lease.

     3. Lessee agrees to and does hereby release and discharge Lessor, its
employees, officers, directors, shareholders, agents, representatives,
affiliates, successors and assigns, as applicable (collectively, the
"Released Parties"), from all claims, and demands of any nature (known or
unknown, matured or unmatured) whatsoever which Lessee may now have or
hereafter have or claim to have against any of the Released Parties with
respect to the Master Lease and/or the Released Premises, whether arising on,
prior to or after the Effective Date.

     4. Pursuant to Section 1 of this Partial Termination Agreement, upon the
execution and delivery of this Partial Termination Agreement by the parties,
the parties acknowledge and agree that this partial termination shall have no
effect on the Remaining Premises and/or the

                                     2

Master Lease as it applies to such Remaining Premises and an appropriate
notation of the removal of the Released Premises shall be made by Lessor to
Exhibit A of the Master Lease and Lessee shall be deemed to request Lessor to
make such notation, deleting the Released Premises from such Exhibit A and
thereafter no further amendment, modification or change shall be required to
be made to the Master Lease.

     5. This Partial Termination Agreement sets forth all of the terms,
conditions and understandings between Lessor and Lessee with respect to the
partial termination of the Master Lease, and there are no terms, conditions
or understandings, either oral or written, between the parties hereto with
regard to the partial termination of the Master Lease other than as set forth
herein.  No alteration, amendment, change or addition to this Partial
Termination Agreement shall be binding unless reduced to writing and signed
by all of the parties hereto.

     6. This Partial Termination Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective successors and
assigns.

     7. This Partial Termination Agreement may be executed in one or more
counterparts, each of which shall be deemed an original.

                [Remainder of Page Intentionally Left Blank]

                                     3

     IN WITNESS WHEREOF, Lessor and Lessee have caused this Partial
Termination Agreement to be duly executed as of the Effective Date.

                                  LESSOR:

                                  SHONEY'S PROPERTIES GROUP 2, LLC, a
                                  Delaware limited liability company

                                  By: Shoney's, Inc., a Tennessee
                                      corporation, its managing member

                                  By  /s/ Jeff Hammers
                                      --------------------------------------
                                  Printed Name   Jeff Hammers
                                                 ---------------------------
                                  Its   Vice President Real Estate
                                        ------------------------------------

                                  LESSEE:

                                  SHONEY'S, INC., a Tennessee corporation

                                  By /s/ Jeff Hammers
                                     ---------------------------------------
                                  Printed Name  Jeff Hammers
                                                ----------------------------
                                  Its  Vice President Real Estate
                                       -------------------------------------

                                     4

STATE OF TENNESSEE )
                   )ss
COUNTY OF DAVIDSON )

     Before me, the undersigned, a Notary Public of the state and county
mentioned, personally appeared Jeff Hammers, with whom I am personally
acquainted (or proved to me on the basis of satisfactory evidence), and who,
upon oath, acknowledged himself to be the VP Real Estate of Shoney's, Inc.,
a Tennessee corporation and the managing member of Shoney's Properties Group
2, LLC, the within named bargainor, a Delaware limited liability company, and
that he as such VP Real Estate of the managing member of Shoney's Properties
Group 2, LLC, executed the foregoing instrument for the purpose therein
contained, by personally signing the name of Shoney's Properties Group 2,
LLC, by himself as VP Real Estate of the managing member.

     Witness my hand and seal, at office in Nashville, Tennessee this 25 day
of January, 2002.

                                           /s/ Pamela Tidwell
                                           ----------------------------------
                                           Name: Pamela Tidwell
                                                 ----------------------------
                                           Notary Public
                                                        [SEAL]
My Commission Expires: 11-26-05
                       --------

STATE OF TENNESSEE )
                   )ss
COUNTY OF DAVIDSON )

     Before me, the undersigned, a Notary Public of the state and county
mentioned, personally appeared Jeff Hammers, with whom I am personally
acquainted (or proved to me on the basis of satisfactory evidence), and who,
upon oath, acknowledged himself to be the VP Real Estate of Shoney's, Inc.,
the within named bargainor, a corporation, and that he as such VP Real
Estate, executed the foregoing instrument for the purpose therein contained,
by personally signing the name of the corporation by himself as VP Real
Estate.

     Witness my hand and seal, at office in Nashville, Tennessee this 25 day
of January, 2002.

                                           /s/ Pamela Tidwell
                                           ---------------------------------
                                           Name: Pamela Tidwell
                                                 ---------------------------
                                           Notary Public

                                                         [SEAL]
My Commission Expires: 11-26-05
                       --------

                                     5

EXHIBIT A - LEGAL DESCRIPTION OF RELEASED PREMISES

Omitted due to immateriality.

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