Scheduled Principal Payments Deficiency Notice has the meaning specified in Section 4.1(e) of the Base Indenture.
Scheduled Principal Payments Deficiency Notice has the meaning specified in Section 4.1(d) of the Base Indenture. “SEC” means the United States Securities and Exchange Commission. “Secured Parties” means the Trustee, for the benefit of (i) itself, (ii) the Noteholders, (iii) the Servicer, (iv) the Control Party, (v) the Manager, (vi) the Back-Up Manager, (vii) each Hedge Counterparty, if any, and (viii) the Enhancement Provider, if any, together with their respective successors and assigns. “Securities Intermediary” has the meaning set forth in Section 5.9(a) of the Base Indenture. “Securitization Entities” means, collectively, the Master Issuer and the Guarantors, and each Subsidiary thereof. “Securitization Entity Licenses” means, collectively, the Equipment IP License and the Planet Fitness Assetco Corporate-Owned Store IP License. “Securitization IP” means, collectively, the Owned Securitization IP and the Licensed Securitization IP; except that (i) “Securitization IP” will not include, solely for purposes of the licenses granted under the IP License Agreements, any rights to use licensed third-party Intellectual Property to the extent that such rights are not sublicensable without the consent of or any payment to such third party, or any other action by the licensee thereof, unless such consent has been obtained or payment has been made; and (ii) as used in the Related Documents, the terms “owns,” “holds,” and similar terms mean, with regard to Owned Securitization IP, the holding of legal title, and with regard to Licensed Securitization IP, the holding of valid rights to use under a license or similar arrangement. “Securitization Operating Expense Account” has the meaning set forth in Section 5.7(a)(xi) of the Base Indenture. “Securitization Operating Expenses” means all expenses incurred by the Securitization Entities and payable to third parties in connection with the maintenance and operation of the Securitization Entities and the transactions contemplated by the Related Documents to which they are a party (other than those paid for from the Concentration Accounts, Securitized Corporate-Owned Store Accounts, Equipment Distributor Operating Accounts or Lease Obligations Accounts as described below), including (i) accrued and unpaid Taxes (other than federal, state, local and foreign Taxes based on income, profits or capital, including franchise, excise, withholding or similar Taxes), filing fees and registration fees payable by and attributable to the Securitization Entities to any federal, st...
Scheduled Principal Payments Deficiency Notice has the meaning specified in Section 4.1(e) of the Base Indenture. “SEC” means the United States Securities and Exchange Commission.
Examples of Scheduled Principal Payments Deficiency Notice in a sentence
On the Quarterly Calculation Date with respect to any Quarterly Collection Period, the Issuers or the Manager shall provide the Trustee, the Rating Agencies and the LC Administrative Agent (with a copy to the Back-Up Manager) written notice of any Scheduled Principal Payments Deficiency Event with respect to any Tranche or Series of Notes that occurred with respect to such Quarterly Collection Period (any such notice, a “ Scheduled Principal Payments Deficiency Notice ”).