IPHFHA Sample Clauses

IPHFHA. On the date of this Agreement, PHI is a party to an agreement dated March 31, 1975 (as subsequently amended) with IPHFHA concerning advertising for System Restaurants (the "Advertising Committee Agreement"). During the period that the Advertising Committee Agreement is in force, Franchisee will be a member of IPHFHA, will abide by the constitution, bylaws, rules and regulations of IPHFHA, and will timely pay the dues that IPHFHA assesses its members for contribution to the national advertising fund administered by the Advertising Committee under the Advertising Committee Agreement. The amount that Franchisee pays as dues to IPHFHA for contribution to the national advertising fund administered by the Advertising Committee under the Advertising Committee Agreement will be credited, dollar for dollar, toward Franchisee's 3% national advertising obligations set forth in Section 7.1.A. PHI will remit all of the national advertising payments that Franchisee makes to PHI to the Advertising Committee. At any time that IPHFHA holds a vote concerning the dues to be paid by its members, Franchisee will exercise all of Franchisee's voting power to implement a dues rate equal to 3% of the prior months Gross Sales.
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