Manager Advances. The Manager may, if in its sole discretion it deems such advance recoverable, but shall not be obligated to, make Manager Advances to, or on behalf of, any Securitization Entity in connection with the operation of the Securitized Assets. Manager Advances will accrue interest at the Advance Interest Rate and shall be reimbursable on each Interim Allocation Date in accordance with the Priority of Payments.
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Samples: Management Agreement (Planet Fitness, Inc.), Management Agreement (Planet Fitness, Inc.)
Manager Advances. The Manager may, if in its sole discretion it deems such advance recoverable, but shall not be obligated to, make Manager Advances to, or on behalf of, any Securitization Entity in connection with the operation of the Securitized Dunkin’ Donuts/Xxxxxx-Xxxxxxx System and other Managed Assets. Manager Advances will accrue interest at the Advance Interest Rate and shall be reimbursable on each Interim Weekly Allocation Date in accordance with the Priority of Payments.
Appears in 2 contracts
Samples: Management Agreement, Management Agreement (Dunkin' Brands Group, Inc.)
Manager Advances. The Manager may, if in its sole discretion it deems such advance recoverable, but shall not be obligated to, make Manager Advances to, or on behalf of, any Securitization Entity in connection with the operation of the Securitized Assets. Manager Advances will accrue interest at the Advance Interest Rate and shall be reimbursable on each Interim Weekly Allocation Date in accordance with the Priority of Payments.
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