Establishment of the Cash Trap Reserve Account. The Master Issuer has established the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.
Appears in 6 contracts
Samples: Base Indenture (Wendy's Co), Servicing Agreement (Dominos Pizza Inc), Base Indenture (Wendy's Co)
Establishment of the Cash Trap Reserve Account. The Master Issuer has established Trustee shall establish and maintain the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.
Appears in 4 contracts
Samples: Contribution Agreement (Planet Fitness, Inc.), Base Indenture (European Wax Center, Inc.), Fitness Equipment Distribution Agreement (Planet Fitness, Inc.)
Establishment of the Cash Trap Reserve Account. The Master As of the Series 2015-1 Closing Date, the Issuer has established with the Trustee the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.
Appears in 1 contract
Samples: Driven Brands Holdings Inc.
Establishment of the Cash Trap Reserve Account. The Master Prior to the Closing Date, the Issuer has established with the Trustee the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.
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Establishment of the Cash Trap Reserve Account. The Master As of the Closing Date, the Issuer has established with the Trustee the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.
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Establishment of the Cash Trap Reserve Account. The Master As of the Original Closing Date, the Issuer has established with the Trustee the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.
Appears in 1 contract
Samples: Yum Brands Inc
Establishment of the Cash Trap Reserve Account. The Master Issuer Trustee has established and shall maintain the Cash Trap Reserve Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible Account.
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