Restaurant Guarantees definition
Restaurant Guarantees means the franchise loan guarantees provided by certain Loan Parties pursuant to (a) the Guaranty, dated as of October 1, 2004, by the Borrower, Bojangles’ Holdings, Inc., Bojangles International, LLC and Bojangles, Inc. for the benefit of U.S. Bank National Association, as trustee for FMAC Loan Receivables Trust 1998-C (its successors and assigns), (b) the Guaranty, dated as of September 26, 2005, by Bojangles, Bojangles’ Holdings, Inc., Bojangles International, LLC and Bojangles, Inc. for the benefit of U.S. Bank National Association, as trustee for FMAC Loan Receivables Trust 1998-C (its successors and assigns), and (c) the Guaranty, dated as of January 1, 2007, by Bojangles, Bojangles International, LLC and Bojangles, Inc. for the benefit of U.S. Bank National Association, as trustee for the registered holders of FMAC Loan Receivables Trust 1998-C (its successors and assigns); provided, however, that the aggregate amount of all Indebtedness incurred in connection with the foregoing Restaurant Guarantees shall not exceed $750,000 at any time outstanding.
Examples of Restaurant Guarantees in a sentence
Restaurant Guarantees with an outstanding balance of approximately $247,000.00 as of October 1, 2012.