Cash Trap Reserve Account definition

Cash Trap Reserve Account means the reserve account no. 00000000 entitled “Citibank, N.A. f/b/o Wendy’s Funding, LLC, Cash Trap Reserve Account”, which account is maintained by the Trustee for the purpose of trapping cash upon the occurrence of a Cash Trapping Event, or any successor securities account established pursuant to the Base Indenture.

Cash Trap Reserve Account means the reserve account established and maintained by the Issuer, in the name of the Trustee, for the benefit of the Secured Parties, for the purpose of trapping cash upon the occurrence of a Cash Trapping Event.

Cash Trap Reserve Account means the segregated trust account with that name established with the Indenture Trustee (or such successor bank, if applicable) in the name of the Indenture Trustee on behalf of the Noteholders and maintained pursuant to Section 5.04 of the Indenture.

Examples of Cash Trap Reserve Account in a sentence

• In the absence of written investment instructions hereunder, funds on deposit in the Cash Trap 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 thereof.

• Cash Trap Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date: i.

• 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.

• Deposits into Cash Trap Reserve Account during Quarterly Collection Period$—ii.

• All income or other gain from such Eligible Investments shall be credited to the Cash Trap Reserve Account, and any loss resulting from such investments shall be charged to the Cash Trap Reserve Account.

More Definitions of Cash Trap Reserve Account

Cash Trap Reserve Account shall have the meaning set forth in Section 5.4(a) of the Base Indenture.

Cash Trap Reserve Account means the Reserve Account designated to accumulate cash that would otherwise have been payable to the Issuer while any Cash Trap Condition has occurred and is continuing in accordance with Section 4.06.

Cash Trap Reserve Account means the reserve account no. 11312400 entitled “Citibank, N.A. f/b/o IHOP Funding LLC – Cash Trap Reserve Account” maintained by the Trustee, for the purpose of trapping cash upon the occurrence of a Cash Trapping Event.

Cash Trap Reserve Account means the reserve account designated to accumulate cash during any Cash Trap Period, which would then be available to be used in accordance with Section 4.04.

Cash Trap Reserve Account shall have the meaning ascribed to it in Section 4.05.

Cash Trap Reserve Account means the account created pursuant to Section 7.1(G).

Cash Trap Reserve Account means the reserve account no. 12206100 entitled “Citibank, N.A. f/b/o Jack in the Box Funding, LLC, Cash Trap Reserve Account”, which account is maintained by the Trustee for the purpose of trapping cash upon the occurrence of a Cash Trapping Event, or any successor securities account established pursuant to the Base Indenture.