Common use of Future Brands Clause in Contracts

Future Brands. The Manager may cause the Canadian Co-Issuer or Canadian Funding Holdco to create or acquire additional subsidiaries (“Future Securitization Entities”) after the Series 2020-1 Closing Date, at the election of the Manager, in respect of (i) Securitization-Owned Locations (if any) and (ii) acquisitions of additional franchise brand subsidiaries (which may include international subsidiaries) in connection with Future Brands; provided that the Manager (will be required to cause the Canadian Co-Issuer or Canadian Funding Holdco, as applicable) to contribute to one or more Canadian Securitization Entities any franchise brand, in each case, that, in the good faith determination of the Manager in accordance with the Managing Standard, is intended to compete against any Driven Securitization Brand in Canada.