Examples of Franchise Capital Account in a sentence
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Any amounts on deposit in a Senior Notes Interest Reserve Account pursuant to this Section 5.2(d) shall be deemed to held in a Franchise Capital Account.
The amounts on deposit in any such Franchise Capital Account shall not be subject to any limitations (other than the balance in such account not exceeding the Manager’s reasonable estimate of the amounts required to meet any such exemptions) and Wingstop Franchisor or such Future Securitization Entity, as applicable, may withdraw such amounts in its sole discretion, except as expressly set forth herein or in the other Transaction Documents.
Any amounts on deposit in the Senior Notes Interest Reserve Account pursuant to this Section 5.2(d) shall be deemed to held in a Franchise Capital Account.
As of the Closing Date, the Issuer has established in the name of and for the benefit of the Issuer (i) the Concentration Account and the related Management Account(s) established for the purpose of collecting Franchisee Payment Amounts and amounts from Franchisees that constitute Excluded Amounts, (ii) the Asset Disposition Proceeds Account, (iii) the Insurance Proceeds Account and (iv) the Franchise Capital Account.
The amounts on deposit in the Franchise Capital Account shall not be subject to any limitations and amounts may be deposited to and withdrawn from the Franchise Capital Account by the Manager on behalf of Arby’s Franchisor from time to time in its sole discretion.
Such accounts (other than the Franchise Capital Account (except to the extent any Interest Reserve Account(s) serve as a Franchise Capital Account)), as of the Closing Date and at all times thereafter, shall be (A) pledged to the Trustee for the benefit of the Secured Parties pursuant to Section 3.1 or the Guarantee and Collateral Agreement and (B) if not established with the Trustee, subject to an Account Control Agreement.