Common use of Notice of Material Proceedings Clause in Contracts

Notice of Material Proceedings. Without limiting Section 8.27 or Section 8.25(b), promptly (and in any event within five (5) Business Days) upon the determination by either the Chief Financial Officer or the General Counsel of Parent that the commencement or existence of any litigation, arbitration or other proceeding with respect to any Driven Brands Entity would be reasonably likely to have a Material Adverse Effect, the IssuerCo-Issuers shall give written notice thereof to the Trustee, the Servicer and each Rating Agency.

Notice of Material Proceedings. Without limiting Section 8.27 or Section 8.25(b), promptly (and in any event within five (5) Business Days) upon the determination by either the Chief Financial Officer or the General Counsel of Parent that the commencement or existence of any litigation, arbitration or other proceeding with respect to any Driven Brands Entity would be reasonably likely to have a Material Adverse Effect, the IssuerCo-Issuers Issuer shall give written notice thereof to the Trustee, the Servicer and each Rating Agency.

Notice of Material Proceedings. Without limiting Section 8.27 or Section 8.25(b), promptly (and in any event within five (5) Business Days) upon the determination by either the Chief Financial Officer or the General Counsel of Parent that the commencement or existence of any litigation, arbitration or other proceeding with respect to any Driven Brands Entity would be reasonably likely to have a Material Adverse Effect, the IssuerCoCo-Issuers shall give written notice thereof to the Trustee, the Servicer and each Rating Agency.

Notice of Material Proceedings. Without limiting Section 8.27 or Section 8.25(b), promptly (and in any event within five ten (510) Business Days) upon the determination by either the Chief Financial Officer or the General Counsel of Parent (or other person acting in a substantially similar capacity on behalf of Parent) that the commencement or existence of any litigation, arbitration or other proceeding with respect to any Driven Brands Wingstop Entity would be reasonably likely to have a Material Adverse Effect, the IssuerCo-Issuers Issuer shall give written notice thereof to the Trustee, the Servicer and each the Rating Agency.

Notice of Material Proceedings. Without limiting Section 8.27 or Section 8.25(b), promptly (and in any event within five (5) Business Days) upon the determination by either the Chief Financial Officer or the General Counsel of Parent DBI that the commencement or existence of any litigation, arbitration or other proceeding with respect to any Driven Brands Entity would be reasonably likely to have a Material Adverse Effect, the IssuerCoCo-Issuers shall give written notice thereof to the Trustee, the Servicer and each Rating Agency.

Notice of Material Proceedings. Without limiting Section 8.27 or Section 8.25(b), promptly (and in any event within five (5) Business Days) upon the determination by either the Chief Financial Officer or the General Counsel of Parent ParentDBI that the commencement or existence of any litigation, arbitration or other proceeding with respect to any Driven Brands Entity would be reasonably likely to have a Material Adverse Effect, the IssuerCoCo-Issuers shall give written notice thereof to the Trustee, the Servicer and each Rating Agency.