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WEN » Topics » Capital Lease Obligations

This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Capital Lease Obligations” means, with respect to any Person, the capitalized amount of all Consolidated obligations of such Person or any of its Subsidiaries (other than Unrestricted Subsidiaries) under Capital Leases determined in accordance with GAAP.

“Cash Collateral Account” means any Deposit Account or Securities Account that is (a) established by the Collateral Agent from time to time in its sole reasonable discretion to receive cash and Cash Equivalents (or purchase cash or Cash Equivalents with funds received)

 

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 from the Loan Parties or Persons acting on their behalf pursuant to the Loan Documents, (b) with such depositaries and securities intermediaries as the Collateral Agent may determine in its sole discretion, (c) in the name of the Collateral Agent (although such account may also have words referring to any Loan Party and the account’s purpose), (d) under the control of the Collateral Agent and (e) in the case of a Securities Account, with respect to which the Collateral Agent shall be the Entitlement Holder and the only Person authorized to give Entitlement Orders with respect thereto.

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This excerpt taken from the WEN 10-K filed Apr 3, 2006.

Capital Lease Obligations

The Company has capital lease obligations for certain computer equipment. These lease obligations require monthly payments aggregating approximately $21,372 through November 2008 and has an implicit interest rates ranging 2.9% to 3.1%. The capital lease obligations outstanding balance was $0.7 million as of December 31, 2005.

 

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EXCERPTS ON THIS PAGE:

8-K
Mar 12, 2009
10-K
Apr 3, 2006

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