BDF definition

BDF. Brand Development Fund as defined in Section 10.01.

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BDF means a voluntary group of companies, each of which has an interest or is engaged in the development, manufacture and/or sale of products complying with Blu-ray Disc Formats and has executed the Blu-ray Disc Founders Charter effective as of March 15, 2004.

BDF means the Business Development Fund, established as a wholly owned subsidiary of BRD, with the objective of assisting SMEs to access finance, particularly those without sufficient collateral to obtain credit from traditional financial institutions at reasonable rates.

Examples of BDF in a sentence

• Vivo Ventures Fund V, L.P. Vivo Ventures V Affiliates Fund LP BDF IV Annex Fund L.P. Biotechnology Development Fund IV, L.P. Biotechnology Development Fund II, L.P Biotechnology Development Fund IV Affiliates, L.P. Teknoinvest VIII KS Teknoinvest VIII B ▇▇▇▇▇▇ ▇▇▇▇▇ Asset Management Partners ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇.

• You must contribute to the BDF amounts that we establish from time to time, payable on the first business day following the immediately preceding Reporting Period, together with the Royalty Fees due hereunder.

• Notwithstanding the above, we also reserve the right to change the aggregate maximum for BDF contributions (as well as the requirement for FMF and the MAF contributions) without regard to the limitation set forth in the preceding sentence, in the future by gaining an approval vote by sixty-six percent (66%) of all then-existing Company-owned and franchised Noodles & Company Restaurants.

• The BDF may be used to pay for the cost of preparing and producing creative materials and programs we select, including video, audio, electronic and printed advertising materials, media planning and buying services, and for the cost of employing advertising agencies and supporting market research activities.

• We may spend in any fiscal year an amount greater or less than the aggregate contributions of all Noodles & Company owned and franchised Restaurants to the BDF in that year, and the BDF may borrow from us or other lenders to cover deficits in the BDF and we may cause the BDF to invest any surplus for future use by the BDF.

• If not covered by BDF, each Restaurant, whether Area Operator owned or Company owned, shall be responsible for its pro rata share (or, if applicable, on a use basis), on a per Restaurant basis, of the actual production costs and fees (such as print ad fees) of the Marketing materials, which can be paid by dollars contributed to FMF.

• The Off-Peak GAF shall be comprised of an off-peak demand factor (Dfop), an off-peak production and storage demand factor (PSop), an off-peak commodity factor (Cfop), gas suppliers’ refund factors (R1 and R2) defined in Section 8.0 and a bad debt factor (BDF), defined in Section 15.0 for the Company's High and Low Load Factor classes, and calculated at the beginning of the off-peak season according to the following formula.

• Except as otherwise expressly provided in this Section 10.01, we assume no direct or indirect liability or obligation with respect to the maintenance, direction or administration of the BDF.

• While our intent is to balance the BDF on an annual basis, from time to time the BDF may run at either a surplus or deficit.

• At our discretion, the BDF may also pay for consumer research and the production and deployment of marketing materials.