Examples of Concentration Account in a sentence
Any Advertising Fees received in the Concentration Account or the Company Restaurant Account shall be transferred by the Manager to the applicable Advertising Fund Account.
The Issuer shall, and shall cause the Manager to, cause each Guarantor to deposit all Guarantor Collections into the Concentration Account within one Business Day after receipt (or calculation, in the case of Monthly Fiscal Period Company Restaurant Profits True-up Amounts and Monthly Fiscal Period Estimated Company Restaurant Profits Amounts) as a distribution by such Guarantor to the Issuer.
In consideration of the right to operate the Company Restaurants, each Company Restaurant Guarantor shall pay the Company Restaurant Royalty Payments to the Concentration Account on a monthly basis.
The Issuer shall inform Trustee in writing of the details of the Concentration Account or any Additional Management Account, including the name of the financial institution at which such account is established and the account number.
The Manager shall promptly deposit into the Concentration Account, the Collection Account, an Advertising Fund Account or such other appropriate account within three (3) Business Days immediately following Actual Knowledge of the Manager of the receipt thereof and in the form received with any necessary endorsement or in cash, all payments in respect of the Managed Assets incorrectly deposited into another account.