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WEN » Topics » Property Loss Event

This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Property Loss Event” means (a) any loss of or damage to property of Ultimate Parent Co-Borrower or any Restricted Subsidiary that results in the receipt by Ultimate Parent Co-Borrower or such Subsidiary of proceeds of insurance exceeding $15,000,000 (individually or in the aggregate) or (b) any taking of property of Ultimate Parent Co-Borrower or any Restricted Subsidiary that results in the receipt by such Person of a compensation payment in respect thereof exceeding $15,000,000 (individually or in the aggregate).

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