Franchisor Capital Accounts. The Franchise Holder and any Additional Securitization Entity that from time to time acts as the “franchisor” with respect to New Franchise Agreements and New Development Agreements entered into by the Additional Securitization Entity may (i) deposit to the Franchisor Capital Accounts the proceeds of capital contributions thereto directed to be made to such account necessary to meet large-franchisor exemptions or similar exemptions under applicable franchise laws therein and (ii) disburse funds from the Franchisor Capital Accounts to fund any loan or advance made in accordance with Section 8.21.
Franchisor Capital Accounts. Each of the IHOP Franchisor and the Applebee’s Franchisor may (i) deposit to the IHOP Franchisor Capital Account and the Applebee’s Franchisor Capital Account, respectively, the proceeds of capital contributions thereto directed to be made to such account for purposes including that of maintaining funds necessary to meet large-franchisor exemptions or similar exemptions under applicable franchise laws and (ii) disburse funds from the IHOP Franchisor Capital Account and the Applebee’s Franchisor Capital Account, respectively, to fund any loan or advance made in accordance with Section 8.21.
Franchisor Capital Accounts. Each of the DD/BR Franchise Holdco, DD Franchisor and the BR Franchisor may, respectively, (i) deposit to the DD/BR Franchise Holdco Capital Account the proceeds of capital contributions thereto directed to be made to such account, (ii) deposit to the DD Franchisor Capital Account and the BR Franchisor Capital Account, respectively, the proceeds of capital contributions thereto directed to be made to such account and (iii) disburse funds from the DD/BR Franchise Holdco Capital Account, DD Franchisor Capital Account and the BR Franchisor Capital Account, respectively, in each case, to fund any loan or advance made in accordance with Section 8.21.
Franchisor Capital Accounts. One or more accounts maintained in the name of the Franchisor into which the Franchisor and any Additional Securitization Entity that from time to time acts as the “franchisor” with respect to New Securitized Franchise Agreements and New Securitized Development Agreements entered into by the Additional Securitization Entity may (i) deposit to the Franchisor Capital Accounts the proceeds of capital contributions thereto directed to be made to such account necessary to meet large-franchisor exemptions or similar exemptions under applicable franchise laws therein and (ii) disburse funds from the Franchisor Capital Accounts to fund any loan or advance made in accordance with Section 8.21 of this Base Indenture (collectively, the “Franchisor Capital Accounts”);
Franchisor Capital Accounts. Each of the IHOP Franchisor and the Applebee’s Franchisor may (i) deposit to the IHOP Franchisor Capital Account and the Applebee’s Franchisor Capital Account, respectively, the proceeds of capital contributions thereto directed to be made to such account and (ii) disburse funds from the IHOP Franchisor Capital Account and the Applebee’s Franchisor Capital Account, respectively, to fund any loan or advance made in accordance with Section 8.21.
