Senior Subordinated Notes Interest Reserve Account means an account entitled “Citibank, N.A. f/b/o Planet Fitness Master Issuer LLC, Senior Subordinated Notes Interest Reserve Account” maintained by the Trustee pursuant to Section 5.4(a) of the Base Indenture or any successor securities account maintained pursuant to Section 5.4(a) of the Base Indenture.
Senior Subordinated Notes Interest Reserve Account has the meaning set forth in Section 5.3(a) of the Base Indenture.
Senior Subordinated Notes Interest Reserve Account means account no. 00000000 entitled “Citibank, N.A. f/b/o IHOP Funding LLC – Senior Subordinated Notes Interest Reserve Account” maintained by the Trustee pursuant to Section 5.3(a) of the Base Indenture or any successor securities account maintained pursuant to Section 5.3(a) of the Base Indenture.
Examples of Senior Subordinated Notes Interest Reserve Account in a sentence
The Senior Subordinated Notes Interest Reserve Account may also serve as a Franchisor Capital Account.
The Senior Subordinated Notes Interest Reserve Account, once established, shall be an Eligible Account.
All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Senior Subordinated Notes Interest Reserve Account shall be deemed to be Investment Income on deposit for distribution to the Collection Account in accordance with Section 5.11.
In the absence of written investment instructions hereunder, funds on deposit in the Senior Subordinated Notes Interest Reserve Account shall be invested as fully as practicable in one or more Eligible Investments of the type described in clause (b) of the definition thereofremain uninvested.
More Definitions of Senior Subordinated Notes Interest Reserve Account
Senior Subordinated Notes Interest Reserve Account means account no. 11312300 entitled “Citibank, N.A. f/b/o IHOP Funding LLC – Senior Subordinated Notes Interest Reserve Account” maintained by the Trustee pursuant to Section 5.3(a) of the Base Indenture or any successor securities account maintained pursuant to Section 5.3(a) of the Base Indenture.
Senior Subordinated Notes Interest Reserve Account. The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.
Senior Subordinated Notes Interest Reserve Account. The Issuer shall cause Taco Bxxx Franchisor to direct the Trustee to establish and maintain the Senior Subordinated Notes Interest Reserve Account in its name and for its benefit pursuant to Section 3.5(b) of the Guarantee and Collateral Agreement. The Senior Subordinated Notes Interest Reserve Account, as of the date of establishment 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. The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.
Senior Subordinated Notes Interest Reserve Account set forth in Annex A to the Base Indenture is amended and restated in its entirety as set forth in the corresponding definition below:
Senior Subordinated Notes Interest Reserve Account. The Issuer shall cause Wingstop Franchisor to direct the Trustee to establish and maintain the Senior Subordinated Notes Interest Reserve Account in its name and for its benefit pursuant to Section 3.5(b) of the Guarantee and Collateral Agreement. The Senior Subordinated Notes Interest Reserve Account, as of the date of establishment 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. The Senior Subordinated Notes Interest Reserve Account shall be an Eligible Account.
Senior Subordinated Notes Interest Reserve Account means an account entitled “Citibank, N.A. f/b/o Jack in the Box Funding, LLC, Senior Subordinated Notes Interest Reserve Account” maintained by the Trustee pursuant to Section 5.04(a) of this Base Indenture or any successor securities account maintained pursuant to Section 5.04(a) of this Base Indenture.
Senior Subordinated Notes Interest Reserve Account means an account entitled “Citibank, N.A. f/b/o Planet Fitness Master Issuer LLC, Senior Subordinated Notes Interest Reserve Account” maintained by the Trustee pursuant to Section 5.4(a) of the Base Indenture or any successor securities account maintained pursuant to Section 5.4(a) of the Base Indenture. “Senior Subordinated Notes Interest Reserve Account Deficiency Amount” means, as of any date of determination, the excess, if any, of the Senior Subordinated Notes Interest Reserve Amount over the sum of (a) the amount on deposit in the Senior Subordinated Notes Interest