Take 5 Properties definition

Take 5 Properties means Take 5 Properties SPV LLC, a newly formed, special purpose Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, which owns the Securitization-Owned Locations and related Securitization-Owned Location Assets for the Take 5 Brand contributed thereto on the Series 2018-1 Closing Date and thereafter.
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Take 5 Properties means Take 5 Properties SPV LLC, a newly formed, special purpose Delaware limited liability company and a direct, wholly owned subsidiary of the Issuer, which owns the Securitization-Owned Locations and related Securitization-Owned Location Assets for the Take 5 Brand contributed thereto on the Series 2018-1 Closing Date and thereafter. “Tax” means (i) any federal, state, provincial, local or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, environmental, customs duties, capital stock, profits, documentary, property, franchise, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on minimum, or other tax of any kind whatsoever, including any interest, penalty, fine, assessment or addition thereto, and (ii) any transferee liability in respect of any items described in clause (i) above. “Tax Act” means the Income Tax Act (Canada) and the regulations thereunder, as amended, and any successor statute or regulations of similar import, in each case as in effect from time to time. “Tax Lien Reserve Amount” has the meaning set forth in Section 9.2(o) of the Base Indenture. “Tax Opinion” means an opinion of tax counsel of nationally recognized standing in the United States experienced in such matters subject to the assumptions and qualifications stated therein, and in a form reasonably acceptable to the Control Party, to be delivered in connection with the issuance of each new Series of Notes to the effect that, for United States federal income tax purposes, (a) the issuance
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Examples of Take 5 Properties in a sentence

  • In the future, the Manager and its affiliates shall contribute all future Take 5 Company Locations to Take 5 Properties.

  • In the future, the Manager and its affiliates shall contribute all future Take 5 Company Locations in the United States to Take 5 Properties.

  • Take 5 Properties will be permitted to maintain amounts on deposit at the end of any banking day in Existing Local Take 5 Company Location Accounts that are not subject to Account Control Agreements to the extent that (x) such Existing Local Take 5 Company Location Accounts are zero balance accounts which sweep daily into an account subject to an Account Control Agreement or (y) the aggregate maximum amount held in all other Existing Local Take 5 Company Location Accounts does not exceed $500,000.

  • Each Take 5 Account opened on and after the Series 2018-1 Closing Date (including, without limitation, the Take 5 Company Location Concentration Accounts) will be required to be (i) in the name of Take 5 Properties and (ii) either (x) subject to an Account Control Agreement or (y) a zero balance account which sweeps daily into an account subject to an Account Control Agreement.