Common use of Franchisee Termination Notices Clause in Contracts

Franchisee Termination Notices. The Manager shall send to the Trustee, the Servicer and the Back-Up Manager, as soon as reasonably practicable but in no event later than fifteen (15) Business Days of the receipt thereof, a copy of any notices of termination of one or more Franchise Agreements sent by the Manager to any Franchisee unless (i) the related Franchised Restaurant(s) generated less than $500,000 in royalties during the immediately preceding fiscal year or (ii) the related Franchised Restaurant(s) continue to operate pursuant to an agreement between the related Franchise Entity or the Manager on its behalf and such Franchisee.

Franchisee Termination Notices. The Manager shall send to the Trustee, the Servicer and the Back-Up Manager, as soon as reasonably practicable but in no event later than fifteen (15) 15 Business Days of the receipt transmittal thereof, a copy of any notices of termination of one or more Franchise Agreements sent by the Manager on behalf of any Securitization Entity to any Franchisee unless (i) the related Franchised Restaurant(s) generated less than $500,000 1,000,000 in royalties Franchisee Royalty Payments during the immediately preceding fiscal year or (ii) the related Franchised Restaurant(s) continue Restaurant continues to operate pursuant to an agreement between the related Franchise any Securitization Entity or the Manager on its behalf and such Franchisee or any other Franchisee.

Franchisee Termination Notices. The Manager shall send to the Trustee, the Servicer and the Back-Up Manager, as soon as reasonably practicable but in no event later than fifteen (15) Business Days following the date of the receipt thereofnotice, a copy of any notices of termination of one or more Franchise Agreements sent by the Manager on behalf of Wingstop Franchisor to any Franchisee unless (i) the related Franchised Restaurant(s) generated less than $500,000 in royalties Franchisee Royalty Payments during the immediately preceding fiscal year or (ii) the related Franchised Restaurant(s) continue Restaurant continues to operate pursuant to an agreement between the related Franchise Entity Wingstop Franchisor or the Manager on its behalf and such Franchisee.

Franchisee Termination Notices. The Manager shall send to the Trustee, the Servicer Trustee and the Back-Up Manager, as soon as reasonably practicable but in no event later than fifteen (15) Business Days of the receipt thereof, a copy of any notices of termination of one or more Franchise Agreements sent by the Manager to any Franchisee unless (i) the related Franchised Restaurant(s) generated less than $500,000 in royalties during the immediately preceding fiscal year or (ii) the related Franchised Restaurant(s) continue to operate pursuant to an agreement between the related Franchise Entity or the Manager on its behalf and such Franchisee.

Franchisee Termination Notices. The Manager shall send to the Trustee, the Servicer and the Back-Up Back‑Up Manager, as soon as reasonably practicable but in no event later than fifteen (15) Business Days of the receipt thereof, a copy of any notices of termination of one or more Securitized Franchise Agreements sent by the Manager on behalf of the Franchisor to any Franchisee unless (i) the related Securitized Franchised Restaurant(s) generated less than $500,000 in royalties during the immediately preceding fiscal year or (ii) the related Securitized Franchised Restaurant(s) continue to operate pursuant to an agreement a New Securitized Franchise Agreement between the related Franchise Entity Franchisor or the Manager on its behalf and such Franchisee.

Franchisee Termination Notices. The Manager shall send to the Trustee, the Servicer and the Back-Up Manager, as soon as reasonably practicable but in no event later than fifteen (15) Business Days following the date of the receipt thereofnotice, a copy of any notices of termination of one or more Franchise Agreements sent by the Manager on behalf of Wingstop Franchisor to any Franchisee unless (i) the related Franchised Restaurant(s) generated less than $500,000 in royalties Franchisee Royalty Payments during the immediately preceding fiscal year or (ii) the related Franchised Restaurant(s) continue Restaurant continues to operate pursuant to an agreement between the related Franchise Entity Wingstop Franchisor or the Manager on its behalf and such Franchisee.. (d)