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Allocation of Funds | | | | |
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1. Outstanding Notes and Reserve Account Balances as of Prior Quarterly Payment Date: | | | | |
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i. Outstanding Principal Balances | | | | |
a. Advances Under Series2017-1Class A-1 Notes | | $ | — | |
b. Series2015-1Class A-2-I Notes | | $ | 492,500,000.00 | |
b. Series2015-1Class A-2-II Notes | | $ | 788,000,000.00 | |
b. Series2017-1Class A-2-I Notes | | $ | 299,250,000.00 | |
b. Series2017-1Class A-2-II Notes | | $ | 598,500,000.00 | |
b. Series2017-1Class A-2-III Notes | | $ | 997,500,000.00 | |
c. Senior Subordinated Notes | | $ | — | |
d. Subordinated Notes | | $ | — | |
ii. Reserve Account Balances | | | | |
a. Available Senior Notes Interest Reserve Account Amount(1) | | $ | 32,109,195.87 | |
b. Available Senior Subordinated Notes Interest Reserve Account Amount | | $ | — | |
c. Available Cash Trap Reserve Account Amount(1) | | $ | — | |
2. Retained Collections for Current Quarterly Payment Date: | | | | |
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i. Franchisee Payments | | | | |
a. Domestic Continuing Franchise Fees | | $ | 190,187,494.34 | |
b. International Continuing Franchise Fees | | $ | 58,169,677.06 | |
c. Initial Franchise Fees | | $ | — | |
d. Other Franchise Fees | | $ | — | |
e. PULSE Maintenance Fees | | $ | — | |
f. PULSE License Fees | | $ | 1,811,448.75 | |
g. Technology Fees | | $ | 13,428,393.50 | |
h. Franchisee Insurance Proceeds | | $ | — | |
i. Other Franchisee Payments | | $ | — | |
ii. Company-Owned Stores License Fees | | $ | 7,982,726.55 | |
iii. Third-Party License Fees | | $ | — | |
iv. Product Purchase Payments | | $ | 605,187,298.73 | |
v.Co-Issuers Insurance Proceeds | | $ | — | |
vi. Asset Disposition Proceeds | | $ | — | |
vii. Excluded Amounts | | $ | 3,187,770.68 | |
viii. Other Collections | | $ | 292,508.00 | |
ix. Investment Income | | $ | 192,395.20 | |
x. HoldCo L/C Agreement Fee Income | | $ | 34,187.24 | |
Less: | | | | |
xiii. Excluded Amounts | | $ | 104,256,725.50 | |
a. Advertising Fees | | $ | 101,068,954.82 | |
b. Company-Owned Store Advertising Fees | | $ | — | |
c. Third-Party Matching Expenses | | $ | 3,187,770.68 | |
xiv. Product Purchase Payments | | $ | 605,187,298.73 | |
xiv. Bank Account Expenses | | $ | 34,600.31 | |
Plus: | | | | |
xvi. Aggregate Weekly Distributor Profit Amount | | $ | 40,758,226.00 | |
xvii. Retained Collections Contributions | | $ | — | |
| | | | |
xviii.Total Retained Collections | | $ | 211,753,501.51 | |
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3. Adjusted Net Cash Flow for Current Quarterly Payment Date: | | | | |
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i. Retained Collections for Quarterly Collection Period | | $ | 211,753,501.51 | |
Less: | | | | |
ii. Servicing Fees, Liquidation Fees and Workout Fees | | $ | 160,940.00 | |
iii. Securitization Entities Operating Expenses paid during Quarterly Collection Period | | $ | 40,000.00 | |
iv. Weekly Manager Fee Amounts paid during Quarterly Collection Period | | $ | 20,009,341.33 | |
v. PULSE Maintenance Fees | | $ | — | |
vi. Technology Fees | | $ | 13,428,393.50 | |
vii. Administrative Expenses | | $ | 18,750.00 | |
viii. Investment Income | | $ | 192,395.20 | |
vix. Retained Collections Contributions, if applicable, received during Quarterly Collection Period | | $ | — | |
viii. Net Cash Flow for Quarterly Collection Period | | $ | 177,903,681.48 | |
ix. Net Cash Flow for Quarterly Collection Period / Number of Days in Quarterly Collection Period | | $ | 1,588,425.73 | |
x. Multiplied by 91 if 52 week fiscal year or 92.75 if 53 week fiscal year | | | 91 | |
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xi.Adjusted Net Cash Flow for Quarterly Collection Period | | $ | 144,546,741.20 | |
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4. Debt Service / Payments to Noteholders for Current Quarterly Payment Date: | | | | |
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i. Required Interest on Senior and Senior Subordinated Notes | | | | |
Series2017-1Class A-1 Quarterly Interest | | $ | 119,337.08 | |
Series2015-1Class A-2-I Quarterly Interest | | $ | 4,289,675.00 | |
Series2015-1Class A-2-II Quarterly Interest | | $ | 8,813,780.00 | |
Series2017-1Class A-2-I Quarterly Interest | | $ | 2,001,671.95 | |
Series2017-1Class A-2-II Quarterly Interest | | $ | 4,611,442.50 | |
Series2017-1Class A-2-III Quarterly Interest | | $ | 10,269,262.50 | |
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ii. Required Principal on Senior and Senior Subordinated Notes | | | | |
Series2015-1Class A-2-I Quarterly Scheduled Principal | | $ | 1,250,000.00 | |
Series2015-1Class A-2-II Quarterly Scheduled Principal | | $ | 2,000,000.00 | |
Series2017-1Class A-2-I Quarterly Scheduled Principal | | $ | 750,000.00 | |
Series2017-1Class A-2-II Quarterly Scheduled Principal | | $ | 1,500,000.00 | |
Series2017-1Class A-2-III Quarterly Scheduled Principal | | $ | 2,500,000.00 | |
iii. Other | | | | |
Series2017-1Class A-1 Quarterly Commitment Fees | | $ | 332,988.25 | |
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iv. Total Debt Service | | $ | 38,438,157.28 | |
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v. Other Payments to Noteholders Relating to Notes | | | | |
Series2017-1Class A-1 Quarterly Contingent Additional Interest | | $ | — | |
Series2015-1Class A-2-I Quarterly Contingent Additional Interest | | $ | — | |
Series2015-1Class A-2-II Quarterly Contingent Additional Interest | | $ | — | |
Series2017-1Class A-2-I Quarterly Contingent Additional Interest | | $ | — | |
Series2017-1Class A-2-II Quarterly Contingent Additional Interest | | $ | — | |
Series2017-1Class A-2-III Quarterly Contingent Additional Interest | | $ | — | |
5. Aggregate Weekly Allocations to Distribution Accounts for Current Quarterly Payment Date: | |
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i. All available deposits in Series2017-1Class A-1 Distribution Account | | $ | 471,075.33 | |
iii. All available deposits in Series2015-1Class A-2-I Distribution Account | | $ | 5,539,675.00 | |
iv. All available deposits in Series2015-1Class A-2-II Distribution Account | | $ | 10,813,780.00 | |
v. All available deposits in Series2017-1Class A-2-I Distribution Account | | $ | 2,751,671.95 | |
vi. All available deposits in Series2017-1Class A-2-II Distribution Account | | $ | 6,111,442.50 | |
vii. All available deposits in Series2017-1Class A-2-III Distribution Account | | $ | 12,769,262.50 | |
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v. Total on Deposit in Distribution Accounts | | $ | 38,456,907.27 | |
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6. Distributions for Current Quarterly Payment Date: | | | | |
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Series2017-1Class A-1 Distribution Account | | | | |
i. Payment of interest and fees related to Series2017-1Class A-1 Notes | | $ | 471,075.33 | |
ii. Indemnification & Real Estate Disposition Proceeds Payments to reduce commitments under Series2017-1Class A-1 Notes | | $ | — | |
iii. Principal payments to Series2017-1Class A-1 Notes | | $ | — | |
iv. Payment of Series2017-1Class A-1 Notes Breakage Amounts | | $ | — | |
Series2015-1Class A-2-I Distribution Account | | | | |
i. Payment of interest related to Series2015-1Class A-2-I Notes | | $ | 4,289,675.00 | |
ii. Indemnification & Real Estate Disposition Proceeds payments to Series2015-1Class A-2-I Notes | | $ | — | |
iii. Principal payment to Series2015-1Class A-2-I Notes | | $ | 1,250,000.00 | |
iv. Make-Whole Premium related to Series2015-1Class A-2-I Notes | | $ | — | |
Series2015-1Class A-2-II Distribution Account | | | | |
i. Payment of interest related to Series2015-1Class A-2-II Notes | | $ | 8,813,780.00 | |
ii. Indemnification & Real Estate Disposition Proceeds payments to Series2015-1Class A-2-II Notes | | $ | — | |
iii. Principal payment to Series2015-1Class A-2-II Notes | | $ | 2,000,000.00 | |
iv. Make-Whole Premium related to Series2015-1Class A-2-II Notes | | $ | — | |
Series2017-1Class A-2-I Distribution Account | | | | |
i. Payment of interest related to Series2017-1Class A-2-I Notes | | $ | 2,001,671.95 | |
ii. Indemnification & Real Estate Disposition Proceeds payments to Series2017-1Class A-2-I Notes | | $ | — | |
iii. Principal payment to Series2017-1Class A-2-I Notes | | $ | 750,000.00 | |
iv. Make-Whole Premium related to Series2017-1Class A-2-I Notes | | $ | — | |
Series2017-1Class A-2-II Distribution Account | | | | |
i. Payment of interest related to Series2017-1Class A-2-II Notes | | $ | 4,611,442.50 | |
ii. Indemnification & Real Estate Disposition Proceeds payments to Series2017-1Class A-2-II Notes | | $ | — | |
iii. Principal payment to Series2017-1Class A-2-II Notes | | $ | 1,500,000.00 | |
iv. Make-Whole Premium related to Series2017-1Class A-2-II Notes | | $ | — | |
Series2017-1Class A-2-III Distribution Account | | | | |
i. Payment of interest related to Series2017-1Class A-2-III Notes | | $ | 10,269,262.50 | |
ii. Indemnification & Real Estate Disposition Proceeds payments to Series2017-1Class A-2-III Notes | | $ | — | |
iii. Principal payment to Series2017-1Class A-2-III Notes | | $ | 2,500,000.00 | |
iv. Make-Whole Premium related to Series2017-1Class A-2-III Notes | | $ | — | |
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Total Allocations from Distribution Accounts | | $ | 37,985,831.95 | |
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7. Senior Notes Interest Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date: | | | | |
i. Deposits into Senior Notes Interest Reserve Account during Quarterly Collection Period | | $ | — | |
ii. Less draws on / releases from Available Senior Notes Interest Reserve Account Amount | | $ | 806,109.16 | |
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iii. Total Increase (Reduction) of Available Senior Notes Interest Reserve Account Amount | | $ | (806,109.16 | ) |
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8. Senior Subordinated Notes Interest Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date: | | | | |
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i. Deposits into Senior Subordinated Notes Interest Reserve Account during Quarterly Collection Period | | $ | — | |
ii. Less draws on Available Senior Subordinated Notes Interest Reserve Account Amount | | $ | — | |
| | | | |
iii. Total Increase (Reduction) of Available Senior Subordinated Notes Interest Reserve Account Amount | | $ | — | |
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9. Cash Trap Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date: | | | | |
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i. Deposits into Cash Trap Reserve Account during Quarterly Collection Period | | $ | — | |
ii. Less draws on Available Cash Trap Reserve Account Amount | | $ | — | |
iii. Less Cash Trapping Release Amount | | $ | — | |
iv. Total Increase (Reduction) of Available Cash Trap Reserve Account Amount | | $ | — | |
10. Real Estate Disposition Proceeds | | | | |
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i. Aggregate Real Estate Disposition Proceeds as of Prior Quarterly Payment Date | | $ | — | |
ii. Aggregate Real Estate Disposition Proceeds as of Current Quarterly Payment Date | | $ | — | |
11. Outstanding Balances as of Current Quarterly Payment Date (after giving effect to payments to be made on such date): | | | | |
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i. Series2017-1Class A-1 Notes | | $ | 46,669,893.00 | |
ii. Series2015-1Class A-2-I Notes | | $ | 491,250,000.00 | |
iii. Series2015-1Class A-2-II Notes | | $ | 786,000,000.00 | |
iv. Series2017-1Class A-2-I Notes | | $ | 298,500,000.00 | |
v. Series2017-1Class A-2-II Notes | | $ | 597,000,000.00 | |
vi. Series2017-1Class A-2-III Notes | | $ | 995,000,000.00 | |
vii. Senior Subordinated Notes | | $ | — | |
viii. Subordinated Notes | | $ | — | |
ix. Reserve account balances: | | | | |
a. Available Senior Notes Interest Reserve Account Amount | | $ | 31,303,086.71 | |
b. Available Senior Subordinate Notes Interest Reserve Account Amount | | $ | — | |
c. Available Cash Trap Reserve Account Amount | | $ | — | |
Domino’s Pizza LLC as Manager on behalf of the Master Issuer and certain subsidiaries thereto,