Econo Lube License Agreement means the Econo Lube License Agreement, dated as of the Series 2015-1 Closing Date, by and between Econo Lube Franchisor, as licensor, and Meineke Franchisor, as licensee, as amended, supplemented or otherwise modified from time to time.
Econo Lube License Agreement means the Econo Lube License Agreement, dated as of the Series 2015-1 Closing Date, by and between Econo Lube Franchisor, as licensor, and Meineke Franchisor, as licensee, as amended, supplemented or otherwise modified from time to time. “Eligible Account” means (a) a segregated identifiable trust account established in the trust department of a Qualified Trust Institution or (b) a separately identifiable deposit or securities account established at a Qualified Institution. “Eligible Assets” means any asset used or useful to the Securitization Entities in the operation of the Driven Securitization Brands, the Product Sourcing Business, and the Claims Management Business, including, without limitation, (i) capital assets, capital expenditures, renovations and improvements and (ii) assets intended to generate revenue for the Securitization Entities. “Eligible Investments” means (a) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that (i) is organized under the laws of the United States of America, any state thereof or the District of Columbia or the laws of Canada or any province or territory thereof or is the principal banking subsidiary of a bank holding company organized under the laws of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System or is organized under the laws of Canada or any province or territory thereof, (ii) whose short-term debt is rated at least “A-2” (or then equivalent grade) by S&P and (iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than ninety (90) days from the date of acquisition thereof; (b) readily marketable obligations issued or directly and fully guaranteed or insured by the United States of America, Canada or any agency or instrumentality thereof having maturities of not more than three hundred sixty (360) days from the date of acquisition thereof; provided that the full faith and credit of the United States of America or Canada, as applicable, is pledged in support thereof; (c) commercial paper issued by any Person organized under the laws of any state of the United States of America, Canada or any province or territory thereof, and in each case, and rated at least “A-2” (or the then equivalent grade) by S&P, with maturities of not more than one hundred eighty (180) days from the date of acquisition thereof; and (d)