Advance Suspension Period definition
Advance Suspension Period has the meaning set forth in the Servicing Agreement.
Advance Suspension Period has the meaning set forth in the Servicing Agreement. “Advertising Co-op Funds” means Advertising Fees related to national and/or local cooperative advertising funds administered by an unaffiliated third party designee of the applicable Manager (which shall include, without limitation, local advertising cooperatives and cooperatives established by international franchise associations). “Advertising Fees” means any fees payable by Franchisees to fund existing or future local, regional or national marketing and advertising activities for the operations of the applicable Driven Securitization Brands in the United States or Canada (including, without limitation, any initial advertising deposits). “Advertising Fund Accounts” means the accounts established by the U.S. Manager (the “U.S. Advertising Fund Accounts”) and the Canadian Manager (the “Canadian Advertising Fund Accounts”) for advertising payments collected in respect of the Driven Securitization Brands in the United States and Canada, respectively. “Aero Colours Brand” means the Aero Colours® name and Aero Colours Trademarks, whether alone or in combination with other words or symbols, and any variations or derivatives of any of the foregoing (but excluding any other Driven Securitization Brand). “Affiliate” means, with respect to any specified Person, any other Person that, directly or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities or other ownership or beneficial interests, by contract or otherwise; and the terms “controlling” and “controlled” have the meanings correlative to the meaning of “control”. “Agent” means any Registrar or Paying Agent. “After-Acquired Securitization IP” means all U.S. Intellectual Property and Canadian Intellectual Property (other than Excluded IP) created, developed, authored, acquired or owned by or on behalf of, or licensed to or on behalf of, (i) the U.S. SPV Franchising Entities other than CARSTAR Franchisor, Take 5 Franchisor, ABRA Franchisor, or FUSA Franchisor after the Series 2015-1 Closing Date, (ii) CARSTAR Franchisor after the Series 2016-1 Closing Date, (iii) Take 5 Franchisor or SPV Product Sales Holder after the Series 2018-1 Closing Date, (...
Advance Suspension Period has the meaning set forth in Section 2.5(c)(iii) hereof.
Examples of Advance Suspension Period in a sentence
If the Servicer fails to make such Debt Service Advance (unless the Servicer has, reasonably and in good faith, determined that such Debt Service Advance (and interest thereon) would be a Nonrecoverable Advance), pursuant to Section 10.1(l), the Trustee shall make the Debt Service Advance unless it determines that such Debt Service Advance (and interest thereon) is a Nonrecoverable Advance or an Advance Suspension Period is then in effect.
More Definitions of Advance Suspension Period
Advance Suspension Period has the meaning set forth in the Servicing Agreement. “Advertising Fees” means any fees payable in respect of Franchise Stores, Securitized Corporate-Owned Stores and Retained Corporate-Owned Stores to fund the national marketing and advertising activities with respect to the Planet Fitness Brand. “Affiliate” means, with respect to any specified Person, any other Person that, directly or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, such specified Person; provided, however, that no equity holder of Holdco or any Affiliate of such equity holder shall be deemed to be an Affiliate of any Non-Securitization Entity or any Securitization Entity. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities or other