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WEN » Topics » Reinvestment Notice

This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Reinvestment Notice” means a written notice executed by a Responsible Officer of a Borrower with respect to a Reinvestment Event stating that no Event of Default has occurred and is continuing and that Ultimate Parent Co-Borrower (directly or indirectly through one of its Restricted Subsidiaries) intends and expects to make Permitted Reinvestments (or identifying previously made Permitted Reinvestments as contemplated by clause (a)(ii) of the definition thereof) in an amount not to exceed the Net Cash Proceeds of such Reinvestment Event.

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