Manager Advances has the meaning set forth in the Management Agreement.
Manager Advances. This term shall have the meaning set forth in the Management Agreement.
Manager Advances means any advance (other than any advance giving rise to a Reimbursement Amount) made by the Manager (from time to time in the Manager's sole discretion) to the Borrower in respect of one or more delinquent Lease payments which the Manager determines will ultimately be recoverable to be deposited in the Collection Account on any Settlement Date or otherwise. Outstanding Manager Advances shall bear interest at a rate per annum equal to the Applicable Rate and shall be repaid on each Settlement Date in the order of priority of payments set forth in the applicable provisions of Section 2.07(c).
Examples of Manager Advances in a sentence
All such Collateral Manager Advances shall be repaid (together with interest thereon) out of the Interest Proceeds and Principal Proceeds on each Payment Date pursuant to the Priorities of Payment.
Interest on Manager Advances shall be an expense of the Company when paid and shall accrue from the date of inception for a Manager loan, or from the date reimbursement was due for any Advance related to a deferred reimbursement.
All such Collateral Manager Advances shall be repaid (together with interest thereon) out of Interest Proceeds and Principal Proceeds on each Payment Date pursuant to the Priorities of Payment.
Outstanding Collateral Manager Advances may accrue interest at a maximum rate of EURIBOR plus 2.0 per cent.
All such Collateral Manager Advances shall be repaid (together with interest thereon) out of Interest Proceeds and Principal Proceeds on each Payment Date pursuant to the Priorities of Payments.
More Definitions of Manager Advances
Manager Advances means any advance of funds made by the Manager to, or on behalf of, a Securitization Entity in connection with the operation of the Franchise Store Business, Securitized Corporate-Owned Store Business and other Securitized Assets.
Manager Advances. This term shall have the meaning set forth in the Management Agreement. Manager Collection Account. An account established and maintained pursuant to the Intercreditor Agreement into which the Manager will direct (i) all payments from Lessees, (ii) all Net Cash Sales Proceeds, (iii) all Casualty Proceeds and (iv) all other proceeds and Gross Revenues related to the Containers including Miscellaneous Borrower Proceeds and Indemnification Proceeds; provided, that during the Servicing Transition Period the Manager may direct any such amounts to the DFL Collection Account.
Manager Advances means any advance (other than any advance giving rise to a Reimbursement Amount) made by the Manager (from time to time in the Manager’s sole discretion) to the Borrower in respect of one or more delinquent Lease payments which the Manager reasonably determines will ultimately be recoverable to be deposited in the Collection Account on any Settlement Date or otherwise. Outstanding Manager Advances shall bear interest at a rate per annum equal to the rate set forth in clause (i) of the definition of the Applicable Rate and shall be repaid on each Settlement Date in the order of priority of payments set forth in the applicable provisions of Section 2.07(c).
Manager Advances means any advance (other than any advance giving rise to a Reimbursement Amount) made by the Manager (from time to time in the Manager’s sole discretion) to the Borrower in respect of one or more delinquent Lease payments which the Manager reasonably determines will ultimately be recoverable to be deposited in the Collection Account on any Settlement Date or otherwise. Outstanding Manager Advances shall bear interest at a rate per annum equal to the Applicable Rate and shall be repaid on each Settlement Date in the order of priority of payments set forth in the applicable provisions of Section 2.07(c). “Manager Default” means a “Manager Default” as defined in the Management Agreement. “Manager Event of Default” means a “Manager Event of Default” as defined in the Management Agreement. “Manager’s Fee” means as of any Settlement Date an amount equal to (i) the Reimbursable Amounts and (ii) either (a) the Base Component, without giving effect to any adjustment, amendment or other modification thereto not expressly approved in writing by the Agent (acting with the prior written consent of the Required Lenders), if the Manager is TILC or one of its Affiliates or (b) the Monthly Rent actually collected under each Portfolio Lease by the Manager on behalf of the CompanyBorrower for such calendar month multiplied by either (x) such other percentage as may be agreed among the Successor Manager, the Borrower and the 747656567 17557858 37 Fifth Amended and Restated Warehouse Loan Agreement
Manager Advances. This term is defined in the Management Agreement.
Manager Advances has the meaning set forth in Section 2.2(a) hereof.
Manager Advances. Advances made by the applicable Manager on behalf of any Co-Issuer in respect of Obligor Rebate Amounts or Franchise Fee Refunds.