Withdrawals from the Concentration Account. The Manager may (and in the case of sub-clause (iv) below, shall) withdraw available amounts on deposit in the Concentration Account to make the following payments and deposits:
(i) on a monthly basis (and on any day of such week as the Manager so determines for any given week), as necessary, to the extent of amounts deposited to the Concentration Account that the Manager determines were required to be deposited to another account or were deposited to the Concentration Account in error;
(ii) on a daily basis, as necessary, to pay or distribute, as applicable, any Excluded Amounts and any Excess Amounts;
(iii) on a daily basis, as necessary, to make payments of any refunds, credits or other amounts owing to Franchisees; and
(iv) on a monthly basis at or prior to 10:00 a.m. (New York City time) on the last Business Day of the calendar month immediately preceding each Monthly Allocation Date, all Retained Collections with respect to the preceding Monthly Collection Period then on deposit in the Concentration Account to the Collection Account (which, for the avoidance of doubt, will include any Investment Income with respect thereto) for application to make payments and deposits in the order of priority set forth in the Priority of Payments.
Withdrawals from the Concentration Account. The Manager may (and in the case of subclause (iv) below, shall) withdraw available amounts on deposit in the Concentration Account to make the following payments and deposits:
(i) on a daily basis, as necessary, to the extent of amounts deposited to the Concentration Account that the Manager determines were required to be deposited to another account or were deposited to the Concentration Account in error;
(ii) on a daily basis, as necessary, to pay or distribute any amounts reasonably determined by the Manager to constitute Excluded Amounts (other than Advertising Fees);
(iii) as soon as practicable, to transfer any Advertising Fees to the NAFA Account; and
(iv) on a weekly basis at or prior to 10:00 a.m. (New York City time) on each Weekly Allocation Date, all Retained Collections with respect to the preceding Weekly Collection Period then on deposit in the Concentration Account to the Collection Account (which, for the avoidance of doubt, will include any Investment Income with respect thereto) for application to make payments and deposits in the order of priority set forth in the Priority of Payments.
Withdrawals from the Concentration Account. The Manager may (and in the case of subclause (iv) below, shall) withdraw available amounts on deposit in the Concentration Account to make the following payments and deposits:
(i) on a daily basis, as necessary, to the extent of amounts deposited to the Concentration Account that the Manager determines were required to be deposited to another account or were deposited to the Concentration Account in error;
(ii) on a daily basis, as necessary, to pay or distribute any amounts reasonably determined by the Manager to constitute Excluded Amounts (other than Advertising Fees) then on deposit in the Concentration Account;
(iii) as soon as practicable, and in any event within five (5) Business Days following receipt, to transfer any Advertising Fees then on deposit in the Concentration Account to the Manager for application by the Manager to fund existing or future domestic or international marketing and advertising activities; and
(iv) on a weekly basis at or prior to 10:00 a.m. (New York City time) on each Weekly Allocation Date, all Retained Collections with respect to the preceding Weekly Collection Period then on deposit in such Concentration Account (which, for the avoidance of doubt, will include any Investment Income with respect thereto) to the Collection Account for application to make payments and deposits in the order of priority set forth in the Priority of Payments.
Withdrawals from the Concentration Account. The Manager may (and in the case of sub-clause (iv) below, shall) withdraw available amounts on deposit in the Concentration Account to make the following payments and deposits:
(i) on a monthly basis (and on any day of such week as the Manager so determines for any given week), as necessary, to the extent of amounts deposited to the Concentration Account that the Manager determines were required to be deposited to another account or were deposited to the Concentration Account in error;
(ii) on a daily basis, as necessary, to pay or distribute, as applicable, any Excluded Amounts;
(iii) on a daily basis, as necessary, to make payments of any refunds, credits or other amounts owing to Franchisees;
(iv) on a monthly basis at or prior to 10:00 a.m. (New York City time) on each Monthly Allocation Date, all Retained Collections with respect to the preceding Monthly Collection Period then on deposit in the Concentration Account to the Collection Account (which, for the avoidance of doubt, will include any Investment Income with respect thereto) for application to make payments and deposits in the order of priority set forth in the Priority of Payments.
Withdrawals from the Concentration Account. The Manager may (and in the case of sub-clause (v) below, shall) withdraw available amounts on deposit in the Concentration Account to make the following payments and deposits:
(i) on a daily basis, as necessary, to the extent of amounts deposited to the Concentration Account that the Manager determines were required to be deposited to another account or were deposited to the Concentration Account in error;
(ii) on a daily basis, as necessary, to pay or distribute any Excluded Amounts (other than Advertising Fees and Product Sourcing Obligations);
(iii) as soon as practicable, and in any event within five (5) Business Days of receipt, to transfer any Advertising Fees (other than any Maaco Net Advertising Commissions) deposited in the Concentration Account to the Advertising Fund Accounts (other than Advertising Co-op Funds, which will be transferred to the applicable Advertising Co-op Fund);
(iv) on a daily basis, as necessary to pay Product Sourcing Obligations (x) consisting of repayment of rebate obligations and (y) other such obligations, to the extent such other obligations are not paid in an amount in excess of Product Sourcing Payments then on deposit in the Concentration Account; and
(v) on a weekly basis at or prior to 10:00 a.m. (New York City time) on each Weekly Allocation Date, all Retained Collections with respect to the preceding Weekly Collection Period then on deposit in the Concentration Account to the Collection Account (which, for the avoidance of doubt, will include any Investment Income with respect thereto and the Weekly Estimated Take 5 Company Location Profits Amount plus the Monthly Take 5 Company Location Profits True-up Amount, if applicable, then on deposit in the Concentration Account) for application to make payments and deposits in the order of priority set forth in the Priority of Payments.
Withdrawals from the Concentration Account. The Manager may (and in the case of sub-clause (v) below, shall) withdraw available amounts on deposit in the Concentration Account to make the following payments and deposits:Accounts.
