Future Securitization Entity definition

Future Securitization Entity means any entity that becomes a direct or indirect wholly owned Subsidiary of Funding Holdco or Canadian Funding Holdco, any Co-Issuer or Franchisor Holdco after the Series 2018-1 Closing Date in accordance with and as permitted under the Transaction Documents and is designated by the applicable Manager as a “Future Securitization Entity” pursuant to Section 8.30 of the Base Indenture.
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Future Securitization Entity means any additional subsidiary of the Issuer which may be created or acquired after the Closing Date, at the election of the Manager, in respect of (i) any non-U.S. operations or assets, (ii) New Franchise Agreements and (iii) acquisitions of additional franchise brand subsidiaries (which may include non-U.S. subsidiaries) in connection with Future Brands; provided that the Manager will be required to cause the applicable Non-Securitization Entities to contribute to one or more Securitization Entities any National Mexican Quick Service Restaurant Brand that, in the good faith determination of the Manager in accordance with the Managing Standard, is intended to compete with and will have a Material Adverse Effect on the Taco Xxxx Brand or any Future Brand.
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Future Securitization Entity means any additional direct or indirect Subsidiary of one or more of the Co-Issuers, the Co-Issuer Subsidiaries or Holdco Guarantors that is designated as a “Future Securitization Entity” by the Manager pursuant to Section 8.30 of the Base Indenture from time to time following the Closing Date, without the consent of the Control Party, at the election of the Manager, in respect of (i) any additional U.S. or non-U.S. operations or assets relating to any FOCUS Franchise Brand, (ii) any additional U.S. or non-U.S. operations or assets relating to any Future Brand or (iii) other assets and property with the consent of the Control Party.
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Examples of Future Securitization Entity in a sentence

  • At the time any Future Securitization Entity is created or acquired, or any Future Brand is contributed into any Future Securitization Entity or any other Securitization Entity, the definitions of “SPV Franchising Entities”, “Driven Securitization Brands” and “Securitization IP” shall be read to include such Future Securitization Entity and Future Brand, respectively.

  • Upon the execution and delivery by any Future Securitization Entity of such an Assumption Agreement, the supplemental schedules attached to such Assumption Agreement shall be incorporated into and become a part of and supplement the Schedules to this Agreement, and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Assumption Agreement.

  • Each Future Securitization Entity shall become a Guarantor for all purposes of this Agreement upon execution and delivery by such Future Securitization Entity of an Assumption Agreement in substantially the form of Exhibit A attached hereto.

  • No Guarantor has any subsidiaries or owns any Equity Interests in any other Person, other than as set forth in such Schedule 4.5 and other than any Future Securitization Entity.

  • By executing and delivering this Joinder Agreement, the Future Securitization Entity, as provided in Section 8.16 of the Management Agreement, hereby becomes a party to the Management Agreement as a Securitization Entity thereunder with the same force and effect as if originally named therein as a Securitization Entity and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Securitization Entity thereunder.

  • Each reference to a “Securitization Entity” in the Management Agreement shall be deemed to include the Future Securitization Entity.

  • This Joinder Agreement shall become effective when each of the Future Securitization Entity, the Manager and the Trustee has executed a counterpart hereof.

  • At the time any Future Securitization Entity is created or acquired, or any Future Brand is contributed into any Future Securitization Entity or any other Securitization Entity, the definitions of “Issuer Subsidiaries” and “Taco Xxxx Brand” shall be amended to include such Future Securitization Entities and Future Brands, respectively, and the definition of “Securitization IP” shall be amended to include U.S. Intellectual Property related to those Future Securitization Entities and Future Brands.

  • The amounts on deposit in any such Franchise Capital Account shall not be subject to any limitations (other than the balance in such account not exceeding the Manager’s reasonable estimate of the amounts required to meet any such exemptions) and Wingstop Franchisor or such Future Securitization Entity, as applicable, may withdraw such amounts in its sole discretion, except as expressly set forth herein or in the other Transaction Documents.

  • At the time any Future Securitization Entity is created or acquired, or any Future Brand is contributed into any Future Securitization Entity or any other Securitization Entity, the definitions of “Issuer Subsidiaries” and “Taco Bxxx Brand” shall be amended to include such Future Securitization Entities and Future Brands, respectively, and the definition of “Securitization IP” shall be amended to include U.S. Intellectual Property related to those Future Securitization Entities and Future Brands.

Related to Future Securitization Entity

  • indenture security holder means a Noteholder.

  • indenture securities means the Notes.

  • indenture securityholder means a Holder or a Securityholder.

  • Indenture Secured Parties means the Noteholders.

  • obligor on the indenture securities means the Company. All other terms used in this Indenture that are defined by the TIA, defined in the TIA by reference to another statute or defined by SEC rule have the meanings therein assigned to them.

  • on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • other indenture securities means securities upon which the Company is an obligor outstanding under any other indenture (i) under which the Trustee is also trustee, (ii) which contains provisions substantially similar to the provisions of this Section, and (iii) under which a default exists at the time of the apportionment of the funds and property held in such special account.

  • Permitted Cure Security means an equity security of the Borrower having no mandatory redemption, repurchase or similar requirements prior to 91 days after the Latest Maturity Date of all Classes of Loans or Commitments, and upon which all dividends or distributions (if any) shall be payable solely in additional shares of such equity security.

  • Permitted Cure Securities means any equity securities of the Borrower, Holdings or any Parent Entity issued pursuant to the Cure Right other than Disqualified Stock.

  • indenture to be qualified means this Indenture.

  • Obligor on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • Institutional means lands or Buildings used or designed or intended for use by an organized body, society or religious group for promoting a public or non-profit purpose and shall include, without limiting the generality of the foregoing, Places of Worship, medical clinics and Special Care Facilities;

  • Receivables Subsidiary means any Subsidiary formed for the purpose of, and that solely engages only in one or more Receivables Facilities and other activities reasonably related thereto.

  • Special Purpose Receivables Subsidiary means a direct or indirect Subsidiary of the Borrower established in connection with a Permitted Receivables Financing for the acquisition of Receivables Assets or interests therein, and which is organized in a manner intended to reduce the likelihood that it would be substantively consolidated with the Borrower or any of the Subsidiaries (other than Special Purpose Receivables Subsidiaries) in the event the Borrower or any such Subsidiary becomes subject to a proceeding under the U.S. Bankruptcy Code (or other insolvency law).

  • Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.

  • Special Purpose Securitization Subsidiary means (i) a direct or indirect Subsidiary of the Borrower established in connection with a Permitted Securitization Financing for the acquisition of Securitization Assets or interests therein, and which is organized in a manner (as determined by the Borrower in good faith) intended to reduce the likelihood that it would be substantively consolidated with Holdings (prior to a Qualified IPO), the Borrower or any of the Subsidiaries (other than Special Purpose Securitization Subsidiaries) in the event Holdings (prior to a Qualified IPO), the Borrower or any such Subsidiary becomes subject to a proceeding under the U.S. Bankruptcy Code (or other insolvency law) and (ii) any subsidiary of a Special Purpose Securitization Subsidiary.

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • Delaware Secretary means the Secretary of State of the State of Delaware.

  • Note A-2 Securitization Date means the closing date of the Note A-2 Securitization.

  • means a Person in whose name a Note is registered.

  • Note A-3 Securitization means the first sale by the Note A-3 Holder of all or a portion of Note A-3 to a depositor who will in turn include such portion of Note A-3 as part of the securitization of one or more mortgage loans.

  • Note A-1 Securitization Date means the closing date of the Note A-1 Securitization.

  • Institutional Holder An insurance company whose long-term debt is rated at least A- (or equivalent rating) by a Rating Agency, or an equivalent rating from any other nationally recognized statistical rating organization.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.