Advertising Fund Account definition

Advertising Fund Account has the meaning set forth in Section 2.2(d).

Advertising Fund Account means the applicable account maintained in the name of the Ad Fund Administrator or other applicable Sub-Manager, as the case may be, pursuant to the Management Agreement.

Advertising Fund Account means the account maintained by the Manager for advertising payments in respect of the Wingstop Brand, together with any other new accounts for advertising payments created by the Manager from time to time.

Examples of Advertising Fund Account in a sentence

• Any Advertising Fees deposited into a Concentration Account will be transferred by the Manager from a Concentration Account to the appropriate Advertising Fund Account.

• The Manager shall promptly deposit into a Lock-Box Account, a Concentration Account, the Collection Account, an Advertising Fund Account or such other appropriate account within three (3) Business Days immediately following Actual Knowledge of the Manager of the receipt thereof and in the form received with any necessary endorsement or in cash, all payments in respect of the Managed Assets incorrectly deposited into another account.

• The Manager may appoint any Sub-Manager to maintain and administer an Advertising Fund Account.

• Ad Fund Manager Advances shall be repaid directly from the applicable Advertising Fund Account out of future collections of Advertising Fees.

• The External Concentration Account receives funds from the (a) U.S. Store Depository Accounts, (b) National Advertising Fund Account, (c) Manual Checks Receipts Account, and (d) miscellaneous e-Commerce sales.

• Master Franchisee hereby provides an irrevocable power of attorney to PLK (and hereby commits to renew and separately document such power of attorney at any time upon PLK’s request) to grant PLK or its designee access to the Advertising Fund Account under the circumstances set forth in the previous sentence, and will, at PLK’s request, execute any and all documents and take any and all necessary action to transfer the Ad Fund Account to PLK or its designee.

More Definitions of Advertising Fund Account

Advertising Fund Account means deposit account no. 4009575044 entitled “BancFirst – Sonic Industries Inc. Advertising Fund in Trust for the Benefit of the Franchisees on Behalf of SI LLC and SIF LLC” maintained at BancFirst in the name of the Servicer, on behalf of the Franchisor and the Franchise Assets Holder, for the benefit of the Franchisees at a Qualified Institution into which the Servicer causes Advertising Fees to be deposited or any successor deposit account established by the Servicer for such purpose pursuant to the Servicing Agreement.

Advertising Fund Account has the meaning set forth in SECTION 2.10 hereof. “Agreement” has the meaning set forth in the preamble hereto. “Base Indenture” has the meaning set forth in the recitals hereto. “Change in Management” shall occur if more than 50% of the Leadership Team is terminated and/or resigns within 12 months after the date of the occurrence of a Change of 2 143946769_2