WEN » Topics » Permitted Reinvestment

This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Permitted Reinvestment” means, with respect to any Reinvestment Event, (a) (i) the making of a Permitted Acquisition or the acquisition of (or making of Capital Expenditures to finance the acquisition or improvement of), to the extent otherwise permitted hereunder, assets useful in the business of Ultimate Parent Co-Borrower or any Restricted Subsidiary or (ii) any action of the type described in clause (i) above that occurred after the Initial Closing Date and not more than 270 days prior to such Reinvestment Event, if such action is identified as a Permitted Reinvestment in a Reinvestment Notice or (b) if such Reinvestment Event is a Property Loss Event that is a loss or damage, the repair or replacement of such loss or damage; provided that no Permitted Reinvestment may be identified in more than one Reinvestment Notice.

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