Manager Advance means any advance of funds made by the Manager to, or on behalf of, a Securitization Entity in connection with the operation of the Contributed Franchised Restaurant Business and other Managed Assets.
Manager Advance. The term shall have the meaning as set forth in the Management Agreement.
Manager Advance has the meaning set forth in the Management Agreement.
Examples of Manager Advance in a sentence
However, the Collateral Manager is under no obligation to make any Collateral Manager Advance.
In the event of a failed capital call, or the unavailability of a Manager Advance or Member Loan, the Manager may obtain a loan and/or credit from one or more third parties as it deems appropriate to further the business objectives of the Company.
Principal and interest payments for a Manager Advance or Member Loan will be paid as an expense of the Company as soon as sufficient Company funds are available, or held for longer in order to build up Company reserves, at the Manager’s sole discretion.
If sufficient amounts are not so available, the Collateral Manager may, at its discretion, fund the payment of any shortfall by way of a Collateral Manager Advance.
Loans for property acquisitions shall not be defined as a Manager Advance under this section and shall be under a separate agreement.
More Definitions of Manager Advance
Manager Advance has the meaning assigned to such term in the Management Agreement.
Manager Advance with respect to either the U.S. Manager or the Canadian Manager, has the meaning set forth in the applicable Management Agreement.
Manager Advance. This term shall have the meaning set forth in Section 4.2 of the Management Agreement.
Manager Advance means any funds that the Manager advances to the Owner with respect to delinquent rental payments in respect of the Owner Cars provided that (i) the Manager, reasonably and in good faith, considers such amounts to be recoverable from the User under the Lease and (ii) the aggregate amount of such Manager Advances outstanding at any point in time
Manager Advance shall have the meaning set forth in Section 4.3(b).
Manager Advance. This term shall have the meaning set forth in Section 8.1 of the Management Agreement.
Manager Advance. This term is defined in the Management Agreement. “Manager Default”: The occurrence of any of the events or conditions set forth in Section 10.1 of the Management Agreement. “Manager Report”: A written informational statement in the form attached as an Exhibit to the Management Agreement to be provided by the Manager in accordance with the Management Agreement and furnished to the Collateral Agent and the Administrative Agent. “Manager Termination Notice”: This term shall have the meaning set forth in Section 10.2 of the Management Agreement. “Managing Officer”: Any representative of the Manager involved in, or responsible for, the management of the day to day operations of the Borrower and the administration and servicing of the Containers and the other Collateral whose name appears on a list of managing officers furnished to the Borrower and the Collateral Agent by the Manager, as such list may from time to time be amended. “Manufacturer Debt”: A current account payable of the Borrower incurred in connection with the acquisition by the Borrower of a Container provided that such account payable has a due date that occurs prior to the Scheduled Commitment Expiration Date then in effect, does not exceed the purchase price of such Container and will be paid in full on or prior to the second Business Day following its Transfer Date. “Manufacturer’s Lien”: The Lien of the manufacturer on any Container acquired by the Borrower which Lien relates solely to such purchased Container and does not secure an amount in excess of one hundred percent (100%) of the purchase price of such Container. “Material Adverse Change”: Any set of circumstances or events which (a) pertains to the Borrower, the Seller or the Manager and has any material adverse effect whatsoever upon the validity or enforceability of any Transaction Document or the security for the Loan or the ability of the Collateral Agent to enforce any of its legal rights or remedies pursuant to the Transaction Documents or (b) materially impairs the ability of any of the Borrower, the Seller or the Manager to fulfill its obligations under the Transaction Documents. “Moody’s”: Xxxxx’x Investors Service, Inc., and any successor thereto. “Net Book Value”: As of any date of determination, with respect to any Managed Container that is not subject to a Finance Lease, the Net Book Value shall be the Original Equipment Cost less accumulated depreciation; provided, that such depreciation shall be determined in accordance...