Retained Collections Clause Samples
Retained Collections. Franchise Royalty Fees Initial Franchise Fees Company-owned Drive-In Master Lease Payments Post-Securitization Franchise Drive-In Lease Payments Franchisee Insurance Proceeds Securitization Entity Insurance Proceeds Monthly Contributed Company-owned Drive-In Profits Amount (if any Company-Owned Drive-Ins are contributed) Real Estate Asset Disposition Proceeds deposited into the Collection Account Investment Income Retained Collections Contributions Indemnification Payments Monthly Retained Collections LESS: Securitization Entities Operating Expenses paid during Monthly Collection Period Interim Management Fees paid during Monthly Collection Period Servicing Fees, Liquidation Fees and Workout Fees paid during the Monthly Collection Period Class A-1 Senior Notes Administrative Expenses paid during Monthly Collection Period Real Estate Asset Disposition Proceeds deposited into the Collection Account Investment Income (if included in Monthly Retained Collections) earned during Monthly Collection Period Amount by which Retained Collections exceed permitted Retained Collections Contributions Series 2016-1 Class A-1 Monthly Interest Series 2016-1 Class A-2 Monthly Interest Series 2013-1 Class A-2 Monthly Interest Series 2016-1 Class A-1 Monthly Commitment Fees and L/C Fees Series 2016-1 Monthly Scheduled Principal Payment Amount Net Cash Flow for 11th prior Payment Date Net Cash Flow for 10th prior Payment Date Net Cash Flow for 9th prior Payment Date Net Cash Flow for 8th prior Payment Date Net Cash Flow for 7th prior Payment Date Net Cash Flow for 6th prior Payment Date Net Cash Flow for 5th prior Payment Date Net Cash Flow for 4th prior Payment Date Net Cash Flow for 3rd prior Payment Date Net Cash Flow for 2nd prior Payment Date Net Cash Flow for immediately prior Payment Date Net Cash Flow for current Payment Date Debt Service for 11th prior Payment Date Debt Service for 10th prior Payment Date Debt Service for 9th prior Payment Date Debt Service for 8th prior Payment Date Debt Service for 7th prior Payment Date Debt Service for 6th prior Payment Date Debt Service for 5th prior Payment Date Debt Service for 4th prior Payment Date Debt Service for 3rd prior Payment Date Debt Service for 2nd prior Payment Date Debt Service for immediately prior Payment Date Debt Service for current Payment Date Debt Service Coverage Ratios DSCR Tests Principal & Interest Interest-Only Cash Trapping DSCR Threshold 1.50 x n/a Rapid Amortization Event DSCR Threshold 1.20 x n/a Ma...
Retained Collections. Contributions For purposes of the Series 2025-1 Notes, any Retained Collections Contribution made to the Obligors pursuant to Section 2.12(e) of the Base Indenture may be designated by the Obligors, acting at the direction of the Manager, as part of Aggregate Annualized Net Operating Income for up to one (1) year, so long as such amounts are held in the Retained Collections Contribution Account in an amount not to exceed (x) the greater of (A) 15% of Annualized Net Operating Income as of the last day of the immediately preceding calendar month and (B) $12,000,000 over any period of four consecutive calendar quarters and not to exceed (y) the greater of (A) 25% of Annualized Net Operating Income and (B) $20,000,000 from the Series 2025-1 Closing Date to the Series 2025-1 Term Note Anticipated Repayment Date.
Retained Collections. Contributions For purposes of the Series 2023-2 Notes, a cash capital contribution made to an Obligor at any time by the Manager or an affiliate of the Manager shall not be deemed to be a Retained Collections Contribution if, as of the related deposit date into the Liquidity Reserve Account in accordance with Section 2.12(b) of the Base Indenture, (x) the aggregate Retained Collection Contributions during the immediately preceding twelve month period would exceed the greater of (A) 15% of Annualized Run Rate Revenue as of the last day of the immediately preceding calendar month and (B) $37 million or (y) the aggregate Retained Collection Contributions since the Series 2023-1 Closing Date would exceed the greater of (A) 25% of Annualized Run Rate Revenue as of the last day of the immediately preceding calendar month and (B) $62 million.