Senior Notes Interest Payment Account definition

Senior Notes Interest Payment Account has the meaning set forth in Section 5.6 of the Base Indenture.

Senior Notes Interest Payment Account means the segregated, non-interest bearing trust account no. 151594.4 entitled “UMB Bank, N.A., as trustee f/b/o the Secured Parties, FAT Brands Royalty I LLC Senior Notes Interest Payment Account”, maintained by the Trustee pursuant to Section 5.5 of the Base Indenture or any successor securities account maintained pursuant to Section 5.5 of the Base Indenture.

Senior Notes Interest Payment Account means the segregated, non-interest bearing trust account entitled “UMB Bank, N.A., as trustee f/b/o the Secured Parties, FAT Brands Twin Peaks I LLC Senior Notes Interest Payment Account”, maintained by the Trustee pursuant to Section 5.5 of the Base Indenture or any successor securities account maintained pursuant to Section 5.5 of the Base Indenture.

Examples of Senior Notes Interest Payment Account in a sentence

• All Debt Service Advances shall be deposited into the Senior Notes Interest Payment Account.

• All Debt Service Advances shall be deposited into the Senior Notes Interest Payment Account of the applicable Co-Issuer.

• Amounts on deposit in the Senior Notes Interest Payment Account as of the Closing Date, if any, shall be treated as funds deposited in the Senior Notes Interest Payment Account during the first Quarterly Collection Period after the Closing Date.

• Amounts on deposit in the Senior Notes Interest Payment Account as of the Amendment Date, if any, shall be deemed to be funds allocated to the Senior Notes Interest Payment Account during the first Quarterly Collection Period after the Amendment Date.

• Account Funds in the Reserve Account may be applied to pay the estimated purchase price adjustment for the Transactions pursuant to Section [2.12] of the [Merger Agreement] as and when due and payable; provided, that, to the extent not already paid, the Issuers certify to the Trustee, the Collateral Agent and the Depositary Agent that an amount equal to the first interest payment on the Notes is on deposit in the Senior Notes Interest Payment Account on such date.

• Amounts on deposit in the Senior Notes Interest Payment Account as of the Closing Date, if any, shall be deemed to be funds allocated to the Senior Notes Interest Payment Account during the first Quarterly Fiscal Period after the Closing Date.

• Amounts on deposit in the Senior Notes Interest Payment Account as of the Closing Date, if any, shall be deemed to be funds allocated to the Senior Notes Interest Payment Account during the first Quarterly Collection Period after the Closing Date.

• Account Funds in the Reserve Account may be applied to pay the estimated purchase price adjustment for the acquisition of Xxxx Xxxxxx pursuant to Section 2.3 of the Equity Purchase Agreement as and when due and payable; provided, that, to the extent not already paid, the Issuers certify to the Trustee, the Collateral Agent and the Depositary Agent that an amount equal to the first interest payment on the Notes is on deposit in the Senior Notes Interest Payment Account on such date.

More Definitions of Senior Notes Interest Payment Account

Senior Notes Interest Payment Account has the meaning assigned to it in the Deposit Agreement.

Senior Notes Interest Payment Account has the meaning given in Section 2.1.

Senior Notes Interest Payment Account has the meaning set forth in Section 5.7(a)(i) of the Base Indenture. “Senior Notes Interest Reserve Account” means account no. 12097800 entitled “Citibank, N.A. f/b/o Planet Fitness Master Issuer LLC, Senior Notes Interest Reserve Account”, which account is maintained by the Trustee pursuant to Section 5.3 of the Base Indenture or any successor securities account maintained pursuant to Section 5.3 of the Base Indenture. “Senior Notes Interest Reserve Account Deficiency Amount” means, as of any date of determination the excess, if any, of the Senior Notes Interest Reserve Amount over the sum of (a) the amount on deposit in the Senior Notes Interest Reserve Account and (b) the amount available under any Interest Reserve Letter of Credit relating to the Senior Notes. “Senior Notes Interest Reserve Amount” means, with respect to any Quarterly Payment Date (and any Interim Allocation Date related thereto), an amount equal to the Senior Notes Quarterly Interest Amount due on the next Quarterly Payment Date (assuming (i) that amounts available under each Class A-1 Note at such time (after giving effect to any commitment reductions and corresponding principal payments on such date) are fully drawn and (ii) the rate on each Class A-1 Note is equivalent to the rate on a Class A-2 Note of the same Series of Notes with the shortest time until its Series Anticipated Repayment Date); provided that, with respect to the first Interest Accrual Period following theany Series Closing Date, the Senior Notes Interest Reserve Amount will be anthe amount equal to $21,075,584.69set forth in the Series Supplement with respect to such Series Closing Date. “Senior Notes Post-ARD Contingent Interest Account” has the meaning set forth in Section 5.6 of the Base Indenture “Senior Notes Principal Payment Account” has the meaning set forth in Section 5.7 of the Base Indenture. “Senior Notes Quarterly Interest Amount” means for each Quarterly Payment Date, with respect to each Class of Senior Notes Outstanding, the aggregate amounts identified as the “Senior Notes Quarterly Interest Amount” in the applicable Series Supplement. “Senior Notes Quarterly Interest Shortfall Amount” has the meaning set forth in Section 5.13(a)(iii) of the Base Indenture. “Senior Notes Quarterly Post-ARD Contingent Interest Amount” means for each Quarterly Payment Date, with respect to each Class of Senior Notes Outstanding, the amounts

Senior Notes Interest Payment Account. The meaning specified in Section 10.8(a)(i) of the Base Indenture.