Manager Advances. The Manager may, but is not obligated to, make Manager Advances to, or on behalf of, any Securitization Entity in connection with the operation of the Securitized Franchised Restaurant Business, the Securitized Company Restaurant Business and the business of the Securitization Entities. Manager Advances will accrue interest at the Advance Interest Rate and shall be reimbursable on each Weekly Allocation Date in accordance with the Priority of Payments.
Appears in 2 contracts
Sources: Management Agreement (Jack in the Box Inc), Management Agreement (Jack in the Box Inc /New/)
Manager Advances. The Manager may, but is shall not be obligated to, make Manager Advances to, or on behalf of, any Securitization Entity in connection with the operation of the Securitized Contributed Franchised Restaurant Business, the Securitized Company Restaurant Business and the business of the Securitization Entitiesother Managed Assets. Manager Advances will accrue interest at the Advance Interest Rate and shall be reimbursable on each Weekly Monthly Allocation Date in accordance with the Priority of Payments.
Appears in 2 contracts
Sources: Management Agreement (Fat Brands, Inc), Management Agreement (Fat Brands, Inc)
Manager Advances. The Manager may, but is shall not be obligated to, make Manager Advances to, or on behalf of, any Securitization Entity in connection with the operation of the Securitized Franchised Restaurant Business, the Securitized Company Restaurant Business and the business of the Securitization Entitiesother Managed Assets. Manager Advances will accrue interest at the Advance Interest Rate and shall be reimbursable on each Weekly Monthly Allocation Date in accordance with the Priority of Payments.
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