RTM Fees definition

RTM Fees means the fee of 5% of net sales of Newco One and Newco Two to be paid by Newco One and Newco Two to RTM Management to cover RTM Management's expenses for corporate overhead attributable to Newco One and/or Newco Two pursuant to the Management Agreements.
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Examples of RTM Fees in a sentence

  • The Beneficiaries shall have the right (but not the obligation) to use the RTM Fees to provide (or cause to be provided) all services which RTM Management would otherwise be required to provide and to pay amounts then due under the Transaction Documents.

  • The Management Agreements, the RTM Fees receivable thereunder, and all income earned thereon.

  • To perform all services required of it under the Management Agreements and to collect all RTM Fees, subject to the provisions of the Guaranty.

  • An assignment of the Management Agreements and the RTM Fees and any income earned thereon, and (ii) such documents, instruments and papers as are necessary to enable the Beneficiaries to have perfected security interests therein.

  • Parent, Holdco, RTM Management, Newco One and Newco Two, and each of them, hereby agree that upon the occurrence and continuance of an Event of Default, Newco One and Newco Two shall pay the RTM Fees to the Beneficiaries, instead of to RTM Management, which shall be relieved of any obligation to perform services under the Management Agreements so long as the RTM Fees are being paid to the Beneficiaries.

  • RTM Management, Holdco and Newco One and Newco Two, and each of them, hereby agree that upon the occurrence and continuance of an Event of Default, Newco One and Newco Two shall pay the RTM Fees to the Beneficiaries, instead of to RTM Management, which shall be relieved of any obligation to perform services under the Management Agreements so long as the RTM Fees are being paid to the Beneficiaries.

  • Holdco has given the Beneficiaries a pledge of the stock of Newco One and Newco Two, Parent has given the Beneficiaries a pledge of stock of Holdco, RTM Management has granted to the Beneficiaries security interests in the RTM Fees and Newco One has granted to the Beneficiaries security interests in the Assets, in each case as collateral security for the Guaranteed Obligations and such other obligations as are specified in the Security Documents.