Common use of Reports and Instructions to Trustee Clause in Contracts

Reports and Instructions to Trustee. (a) Weekly Manager’s Certificate. By 4:30 p.m. (New York City time) on the Business Day prior to each Weekly Allocation Date, the Issuer shall furnish, or cause the Manager to furnish, to the Trustee, the Back-Up Manager and the Servicer a certificate substantially in the form of Exhibit A specifying the allocation of Collections on the following Weekly Allocation Date (each, a “Weekly Manager’s Certificate”); provided that such Weekly Manager’s Certificate shall be considered confidential information and shall not be disclosed by such recipients to any Noteholder, Note Owner or other Person without the prior written consent of the Issuer. Notwithstanding anything herein to the contrary, the initial Weekly Manager’s Certificate shall not be required to be delivered, and amounts credited to the Accounts shall not be required to be allocated pursuant to the Priority of Payments, until the first Weekly Allocation Date that occurs after the date that was twenty-one (21) days after the Original Closing Date; provided that the initial Weekly Manager’s Certificate shall include allocations of any amounts received during the period from the Original Closing Date until the last day of the prior Weekly Collection Period.

Appears in 1 contract

Samples: Base Indenture (Yum Brands Inc)

AutoNDA by SimpleDocs

Reports and Instructions to Trustee. (a) Weekly Manager’s Certificate. By 4:30 p.m. (New York City time) on the Business Day prior to each Weekly Allocation Date, the Issuer shall furnish, or cause the Manager to furnish, to the Trustee, the Back-Up Manager Trustee and the Servicer a certificate substantially in the form of Exhibit A specifying the allocation of Collections on the following Weekly Allocation Date (each, a “Weekly Manager’s Certificate”); provided that such Weekly Manager’s Certificate shall be considered confidential information and shall not be disclosed by such recipients to any Noteholder, Note Owner or other Person without the prior written consent of the Issuer. Notwithstanding anything herein to the contrary, the initial Weekly Manager’s Certificate shall not be required to be delivered, and amounts credited to the Accounts shall not be required to be allocated pursuant to the Priority of Payments, until the first Weekly Allocation Date that occurs after four Weekly Collection Periods have occurred following the date that was twenty-one (21) days after the Original Closing Date; provided however, that the initial Weekly Manager’s Certificate shall include allocations of any amounts received during the period from the Original Closing Date until the last day of the prior Weekly Collection Period.

Appears in 1 contract

Samples: Base Indenture (Wingstop Inc.)

Reports and Instructions to Trustee. (a) Weekly Manager’s Certificate. By 4:30 p.m. (New York City time) on the Business Day prior to each Weekly Allocation Date, the Issuer shall furnish, or cause the Manager to furnish, to the Trustee, the Back-Up Manager Trustee and the Servicer a certificate substantially in the form of Exhibit A specifying the allocation of Collections on the following Weekly Allocation Date (each, a “Weekly Manager’s Certificate”); provided that such Weekly Manager’s Certificate shall be considered confidential information and shall not be disclosed by such recipients to any Noteholder, Note Owner or other Person without the prior written consent of the Issuer. Notwithstanding anything herein to the contrary, the initial Weekly Manager’s Certificate shall not be required to be delivered, and amounts credited to the Accounts shall not be required to be allocated pursuant to the Priority of Payments, until the first Weekly Allocation Date that occurs after the date that was twenty-one (21) is 21 days after the Original Closing Date; provided that the initial Weekly Manager’s Certificate shall include allocations of any amounts received during the period from the Original Closing Date until the last day of the prior Weekly Collection Period.

Appears in 1 contract

Samples: Base Indenture (Yum Brands Inc)

Reports and Instructions to Trustee. (a) Weekly Manager’s Certificate. By 4:30 p.m. (New York City time) on the Business Day prior to each Weekly Allocation Date, the Issuer Co-Issuers shall furnish, or cause the Manager to furnish, to the Trustee, the Back-Up Manager Trustee and the Servicer a certificate substantially in the form of Exhibit A attached hereto specifying the allocation of Collections on the following Weekly Allocation Date (each, a “Weekly Manager’s Certificate”); provided that such Weekly Manager’s Certificate shall be considered confidential information and shall not be disclosed by such recipients to any Noteholder, Note Owner or other Person without the prior written consent of the IssuerCo-Issuers. Notwithstanding anything herein to the contrary, the initial Weekly Manager’s Certificate shall not be required to be delivered, and amounts credited to the Accounts shall not be required to be allocated pursuant to the Priority of Payments, until the first Weekly Allocation Date that occurs after the date that was twenty-one (21) is 21 days after the Original Closing Date; provided that the initial Weekly Manager’s Certificate shall include allocations of any amounts received during the period from the Original Closing Date until the last day of the prior Weekly Collection Period.

Appears in 1 contract

Samples: Base Indenture (Jay Merger Sub, Inc.)

AutoNDA by SimpleDocs

Reports and Instructions to Trustee. (a) Weekly Manager’s Certificate. By 4:30 p.m. (New York City time) on the Business Day day prior to each Weekly Allocation Date, the Issuer Co-Issuers shall furnish, or cause the Manager to furnish, to the Trustee, the Back-Up Manager Trustee and the Servicer a certificate substantially in the form of Exhibit A specifying the allocation of Collections on the following Weekly Allocation Date (each, each a “Weekly Manager’s Certificate”); provided that such Weekly Manager’s Certificate shall be considered confidential information and shall not be disclosed by such recipients to any Noteholderthe Noteholders, Note Owner Owners or any other Person without the prior written consent of the IssuerCo-Issuers. Notwithstanding anything herein to the contrary, the initial Weekly Manager’s Certificate shall not be required to be delivered, and amounts credited to the Accounts shall not be required to be allocated pursuant to the Priority of Payments, until the first Weekly Allocation Date that occurs after the date that was twenty-one is fourteen (2114) days after the Original Closing Date; provided that the initial Weekly Manager’s Certificate shall include allocations of any amounts received during the period from the Original Closing Date until the last day of the prior Weekly Collection Period. (b) [reserved]

Appears in 1 contract

Samples: Base Indenture (DineEquity, Inc)

Reports and Instructions to Trustee. (a) Weekly Manager’s Certificate. By 4:30 p.m. (New York City time) on the Business Day day prior to each Weekly Allocation Date, the Master Issuer shall furnish, or cause the Manager to furnish, to the Trustee, the Back-Up Manager Trustee and the Servicer a certificate substantially in the form of Exhibit A specifying the allocation of Collections on the following Weekly Allocation Date (each, each a “Weekly Manager’s Certificate”); provided that such Weekly Manager’s Certificate shall be considered deemed confidential information and shall not be disclosed by such recipients the Trustee or the Servicer to any Noteholder, Note Owner or any other Person without the prior written consent of the IssuerMaster Issuer or Manager. Notwithstanding anything herein to the contrary, the initial Weekly Manager’s Certificate shall not be required to be delivered, and amounts credited to the Accounts shall not be required to be allocated pursuant to the Priority of Payments, until the first Weekly Allocation Date that occurs after the date that was twenty-one is fourteen (2114) days after the Original Closing Date; provided that the initial Weekly Manager’s Certificate shall include allocations of any amounts received during the period from the Original Closing Date until the last day of the prior Weekly Collection Period. (b) [Reserved].

Appears in 1 contract

Samples: Base Indenture (Dunkin' Brands Group, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!