Asset Disposition Proceeds Account definition
Asset Disposition Proceeds Account means the account maintained in the name of each Co-Issuer and pledged to the Trustee into which the applicable Manager causes amounts to be deposited pursuant to the Section 5.10(c) of the Base Indenture or any successor account established for each Co-Issuer by the applicable Manager for such purpose pursuant to the Base Indenture and the applicable Management Agreement.
Asset Disposition Proceeds Account means the account designated as such, established and maintained pursuant to Section 8.2(b) of the Indenture.
Asset Disposition Proceeds Account means an account in the name of the Issuer subject to an Account Control Agreement for the deposit of Asset Disposition Proceeds pursuant to Section 5.10(c) of the Base Indenture or any successor account.
Examples of Asset Disposition Proceeds Account in a sentence
Upon receipt of any Asset Disposition Proceeds from any Permitted Asset Disposition, the Manager (on behalf of the applicable Service Recipients), in accordance with Section 5.10(c) of the Base Indenture, shall deposit or cause the deposit of such Asset Disposition Proceeds to the applicable Asset Disposition Proceeds Account.
Upon receipt of any Asset Disposition Proceeds from any Permitted Asset Disposition, the Manager (on behalf of the applicable Service Recipients), in accordance with Section 5.10(e) of the Base Indenture, shall deposit or cause the deposit of such Asset Disposition Proceeds to the applicable Asset Disposition Proceeds Account.
More Definitions of Asset Disposition Proceeds Account
Asset Disposition Proceeds Account means the account maintained in the name of each Co-Issuer and pledged to the Trustee into which the applicable Manager causes amounts to be deposited pursuant to the Section 5.10(c) of the Base Indenture or any successor account established for each Co- Issuer by the applicable Manager for such purpose pursuant to the Base Indenture and the applicable Management Agreement. “Asset Disposition Reinvestment Period” has the meaning specified in Section 5.10(c) of the Base Indenture. “Assumption Agreement” has the meaning set forth in Section 8.30 of the Base Indenture. “Authorized Officer” means, with respect to (i) any Securitization Entity, any officer who is authorized to act for such Securitization Entity in matters relating to such Securitization Entity, including an Authorized Officer of the applicable Manager or Canadian Securitization Entity GP authorized to act on behalf of such Securitization Entity; (ii) DBI, in its individual capacity and in its capacity as the U.S. Manager, or the Canadian Manager, in its individual capacity and in its capacity as the Canadian Manager, the Chief Executive Officer, the Chief Financial Officer and Executive Vice President, the General Counsel and Executive Vice President, and the Chief Revenue Officer or any other officer of DBI or the Canadian Manager, as applicable, who is directly responsible for managing the applicable Securitization Assets or otherwise authorized to act for such Manager in matters relating to, and binding upon, such Manager with respect to the subject matter of the request, certificate or order in question; (iii) the Trustee or any other bank or trust company acting as trustee of an express trust or as custodian, a Trust Officer; (iv) the Servicer, any officer of the Servicer who is duly authorized to act for the Servicer with respect to the relevant matter; or (v) the Control Party, any officer of the Control Party who is duly authorized to act for the Control Party with respect to the relevant matter. Each party may receive and accept a certification of the authority of any other party as conclusive evidence of the authority of any Person to act, and such certification may be considered as in full force and effect until receipt by such other party of written notice to the contrary. “AutoQual Brand” means the AutoQual® name and AutoQual Trademarks, whether alone or in combination with other words or symbols, and any variations or derivatives of any of the foregoing (but excluding any other Dr...
Asset Disposition Proceeds Account has the meaning set forth in Section 5.02(a)(iv) of this Base Indenture.
Asset Disposition Proceeds Account means the account maintained in the name of the Master Issuer, into which the Manager is required to cause Asset Disposition Proceeds to be deposited pursuant to Section 5.11(g) of the Base Indenture or any successor account established for the Master Issuer by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.2(b) of the Base Indenture. “Asset Disposition Reinvestment Period” has the meaning specified in Section 5.11(g) of the Base Indenture. “Authorized Officer” means, with respect to (i) any Securitization Entity, any officer who is authorized to act for such Securitization Entity in matters relating to such Securitization Entity, including an Authorized Officer of the Manager authorized to act on behalf of such Securitization Entity; (ii) Planet Fitness Holdings, in its individual capacity and in its capacity as the Manager, any officer who is authorized to act for Planet Fitness Holdings or any other officer of Planet Fitness Holdings who is directly responsible for managing the Securitized Corporate-Owned Store Business or otherwise authorized to act for the Manager in matters
Asset Disposition Proceeds Account means the account established with the Trustee or maintained in the name of the Master Issuer, subject to an Account Control Agreement, and pledged to the Trustee, into which the Manager is required to cause Asset Disposition Proceeds to be deposited pursuant to Section 5.12(g) of the Base Indenture or any successor account established for the Master Issuer by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.2(b) of the Base Indenture.