Examples of Brand Fund in a sentence
With respect to each Payment Period as defined herein, Licensee shall, irrespective of its own business and accounting method, pay Licensor or Licensor's designee the Brand Fund Fee as provided in Section 5.1, forty-five (45) days after the end of each Payment Period.
Licensor and Licensor's designee shall be entitled to inspect, during normal business hours, the books and records of Licensee and any sublicensees to ensure the proper reporting of Gross Service Revenues, payments and Brand Fund Fees and Licensee and any sublicensee's compliance with the terms and conditions of this Agreement.
Except as otherwise agreed herein, Licensee shall bear the costs for marketing communications, public relations and local advertising; while Licensor shall bear the cost of regional advertising in Latin America from the Brand Fund Fee.
Licensee and any sublicensees shall keep accurate books and records of all Gross Service Revenues, payments and Brand Fund Fees, together with such other data as is necessary and material to determine accurately the amounts payable hereunder.
The payment of the Brand Fund Fees and any associated late charges under Section 22.1 shall be made via electronic funds transfer to a bank account designated by Licensee solely for this purpose with notice to Licensor as to its existence and signing authority, and the funds in such account shall be accessible solely by the Licensor Vice President for Latin America and/or other Licensor-designated representative.
All costs associated with adopting and using such additional Mark xx Marks shall be borne by Licensor, and shall be paid out of the Brand Fund Fees.
The Brand Fund is operated solely as a conduit for collecting and expending the Brand Fund Contributions described in Section 4(c).
Xxxxxxxxxx agrees to contribute to the Brand Fund amounts (as determined by Franchisor from time to time) not more than one percent (1%) of the Net Sales of the STORE, payable by electronic funds transfer in the same manner as the Royalties.
With respect to each Payment Period as defined herein, Licensee shall furnish to Licensor a statement, in form reasonably acceptable to Licensor, certified by a responsible officer of Licensee, showing all Gross Service Revenues during such Payment Period, and the Brand Fund 7 137 EXHIBIT D Fee as provided in Section 5.1. payable thereon.
North Carolina Krispy Kreme Brand Fund Corporation North Carolina Krispy Kreme Management I, LLC North Carolina Krispy Kreme Management II, LLC North Carolina Krispy Kreme Management III, LLC North Carolina Krispy K Canada Company Nova Scotia, Canada Northeast Doughnuts, LLC North Carolina Montana Mills Bread Co., Inc.