New Company Restaurant Lease. As of the applicable New Asset Addition Date, with respect to each New Company Restaurant acquired on such New Asset Addition Date, the Manager represents and warrants to the Securitization Entities, the Trustee and the Control Party, that the applicable Guarantor owns full legal and equitable title to each such Company Restaurant, free and clear of any Lien (other than Permitted Liens) and the addition of such Company Restaurant could not be reasonably expected to have a material adverse effect.
Appears in 5 contracts
Sources: Omnibus Amendment (Fat Brands, Inc), Management Agreement (Twin Hospitality Group Inc.), Management Agreement (Fat Brands, Inc)