Franchise Capital Account Clause Samples

Franchise Capital Account. Following the Closing Date, Wingstop Franchisor and any Future Securitization Entity that from time to time acts as the “franchisor” or licensor with respect to Franchise Agreements or Development Agreements (or the Manager on each of their behalf) may deposit to the Franchisor Capital Account (which may be an Interest Reserve Account), or any future account established in respect of similar purposes, unrestricted funds (including Residual Amounts) or the proceeds of capital contributions thereto directed to be made to such account necessary to meet large-franchisor exemptions, franchisor liquidity or similar exemptions under applicable franchise laws therein. The amounts on deposit in any such Franchise Capital Account shall not be subject to any limitations (other than the balance in such account not exceeding the Manager’s reasonable estimate of the amounts required to meet any such exemptions) and Wingstop Franchisor or such Future Securitization Entity, as applicable, may withdraw such amounts in its sole discretion, except as expressly set forth herein or in the other Transaction Documents.