Common use of Establishment of the Senior Subordinated Notes Interest Reserve Account Clause in Contracts

Establishment of the Senior Subordinated Notes Interest Reserve Account. On or prior to the Closing Date, the Master Issuer shall establish and maintain with the Trustee the Senior Subordinated Notes Interest Reserve Account in the name of the Trustee for the benefit of the Senior Subordinated Noteholders and the Trustee, solely in its capacity as trustee for the Senior Subordinated Noteholders, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the foregoing Secured Parties. The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.

Establishment of the Senior Subordinated Notes Interest Reserve Account. On or prior to the Closing Date, the Master Issuer Co-Issuers have established and shall establish and maintain with the Trustee the Senior Subordinated Notes Interest Reserve Account in the name of the Trustee for the benefit of the Senior Subordinated Noteholders and the Trustee, solely in its capacity as trustee for the Senior Subordinated Noteholders, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the foregoing Secured Parties. The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.

Establishment of the Senior Subordinated Notes Interest Reserve Account. On or prior to After the Closing DateDate in connection with the initial issuance of any Senior Subordinated Notes, the Master Issuer Co-Issuers shall establish and maintain with the Trustee the Senior Subordinated Notes Interest Reserve Account a segregated trust account in the name of the Trustee for the benefit of the Senior Subordinated Secured Parties (which with respect to the Noteholders and the Trustee, solely in its capacity as trustee for shall be limited to the Senior Subordinated Noteholders), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the foregoing Secured PartiesParties (the “Senior Subordinated Notes Interest Reserve Account”). The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.

Establishment of the Senior Subordinated Notes Interest Reserve Account. On or prior to the Closing Date, the Master The Issuer shall establish and maintain has established with the Trustee the Senior Subordinated Notes Interest Reserve Account an account in the name of the Trustee for the benefit of the Senior Subordinated Noteholders and the Trustee, solely in its capacity as trustee for the Senior Subordinated Noteholders, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the foregoing Secured PartiesParties (the “Senior Subordinated Notes Interest Reserve Account”). The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.

Establishment of the Senior Subordinated Notes Interest Reserve Account. On or prior to the Closing Date, the Master Issuer Brand Holdings II shall establish and maintain with the Trustee the Senior Subordinated Notes Interest Reserve Account in the name of the Trustee for the benefit of the Senior Subordinated Noteholders and the Trustee, solely in its capacity as trustee for the Senior Subordinated Noteholders, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the foregoing Secured Parties. The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.

Establishment of the Senior Subordinated Notes Interest Reserve Account. On or prior Prior to the Closing Date, the Master Issuer established and shall establish and maintain with the Trustee the Senior Subordinated Notes Interest Reserve Account in the name of the Trustee for the benefit of the Senior Subordinated Noteholders and the Trustee, solely in its capacity as trustee for the Senior Subordinated Noteholders, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the foregoing Secured Parties. The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.