Prior Terms definition
Prior Terms means, in respect of each type of contract included in Post-Securitization Franchise Arrangements, the contractual terms and provisions, exclusive of the applicable rates for Initial Franchise Fees or Continuing Franchise Fees, Advertising Fees and similar fees and expenses, that were generally prevailing for agreements of such type, entered into by the Former Franchisors on or before the Series 2007-1 Closing Date.
Examples of Prior Terms in a sentence
Special Provisions Applicable to Former Bank of the West Clients Pursuant to Section 13 of the Terms and Conditions of the Investment Management Agreement-Exhibit A to your Investment Management Agency Agreement (“Prior Terms”), these Terms and Conditions will replace the Prior Terms on September 1, 2024.
Special Provisions Applicable to Former Bank of the West Clients Pursuant to Section 13 of the Terms and Conditions of the Self- Directed Custody Account Agreement-Exhibit A to your Self-Directed Custody Account Agreement (“Prior Terms”), these Terms and Conditions will replace the Prior Terms on September 1, 2024.