Restaurant Accounts definition

Restaurant Accounts. The accounts established at local banks in the name of the Master Issuer in connection with the collection of money by the Restaurant Holders.
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Examples of Restaurant Accounts in a sentence

  • All Restaurant Operating Expenses shall be paid only from the Contributed Restaurant Accounts.

  • The Contributed Restaurant Accounts are owned by Wendy’s Properties.

  • All Restaurant Operating Expenses shall be paid, directly or indirectly, only from the Securitized Company Restaurant Accounts.

  • After the Cut-Off Date, theThe Manager (on behalf of JIB Properties) willshall deposit (or cause to be deposited) the following amounts into the Securitized Company Restaurant Accounts (A) all Securitized Company Restaurant Collections within two (2) Business Days following JIB Properties’ receipt thereof; and (B) all proceeds from credit card and debit card processors or armored carrier providers for Securitized Company Restaurant Collections at Securitized Company Restaurants.

  • Manager will deposit in such Restaurant Accounts all monies received from the operation of each Restaurant and shall disburse the same for the purposes set forth in the Budgets.

  • After the Cut-Off Date, the Manager (on behalf of JIB Properties) will deposit (or cause to be deposited) the following amounts into the Securitized Company Restaurant Accounts (A) all Securitized Company Restaurant Collections within two (2) Business Days following JIB Properties’ receipt thereof; and (B) all proceeds from credit card and debit card processors or armored carrier providers for Securitized Company Restaurant Collections at Securitized Company Restaurants.