Brands definition
Examples of Brands in a sentence
Capitalized terms used in this Notice (including the preamble and the recitals hereto), and not defined in this Notice, shall have the meanings assigned to such terms in Annex A attached to the Base Indenture, dated as of December 15, 2021, by and among FAT Brands Fazoli’s Native I, LLC, a Delaware limited liability company, (the “Issuer”), and UMB Bank, N.A., as Trustee and Securities Intermediary (the “Indenture”).
The Manager shall not enter into any Sub-managing Arrangement which delegates the performance of any fundamental business operations such as responsibility for the franchise development, operations and marketing strategies for the Brands and Branded Restaurants to any Person that is not an Affiliate without receiving the prior written consent of the Control Party.
Very truly yours, By: Name: Title: Controlling Class Representative Contact Information: Telephone: E-mail: Sent to: Re: Request to Communicate with Noteholders Reference is made to Section 11.5(b) of the Base Indenture, dated as of December 15, 2021, by and among FAT Brands Fazoli’s Native I, LLC, as Issuer, and UMB Bank, N.A., as Trustee and Securities Intermediary (as amended, supplemented or otherwise modified from time to time, the “Base Indenture”).
Any Affiliate of the FAT Brands that becomes a Securitization Entity may become a party to this Agreement by entering into a written addendum pursuant to which such Affiliate agrees to all of the provisions of this Agreement and to assume all of the rights, duties and obligations of a Securitization Entity hereunder.
The Consolidated Net Income, FAT Brands Fazoli’s Native I Leverage Ratio, Consolidated Net Interest Expense and Covenant-Adjusted EBITDA of FAT Brands shall be calculated on a consolidated basis with the Securitization Entities (and not the Non-Securitization Entities).