Principal Release Amount. (i) If a Rapid Amortization Event or an Event of Default is continuing, the Principal Release Amount shall remain on deposit in the Senior Notes Principal Payment Accounts and shall be applied in the order set forth in Section 5.12(h)(i) for amounts allocated to the Senior Notes Principal Payment Accounts.
Appears in 3 contracts
Samples: Driven Brands Holdings Inc., Driven Brands Holdings Inc., Driven Brands Holdings Inc.
Principal Release Amount. (i) If a Rapid Amortization Event or an Event of Default is continuing, the Principal Release Amount shall remain on deposit in the Senior Notes applicable Principal Payment Accounts Account and shall be applied in the order set forth in Section 5.12(h)(i) for amounts allocated to the Senior Notes Principal Payment AccountsAccount.
Appears in 3 contracts
Samples: Indenture (Jay Merger Sub, Inc.), Base Indenture Definitions List (Yum Brands Inc), Yum Brands Inc
Principal Release Amount. (i) If a Rapid Amortization Event or an Event of Default is continuing, the Principal Release Amount shall remain on deposit in the Senior Notes Principal Payment Accounts and shall be applied in the order set forth in Section 5.12(h)(i) for amounts allocated to the Senior Notes Principal Payment AccountsAccount.
Appears in 2 contracts
Samples: Base Indenture (Dunkin' Brands Group, Inc.), Base Indenture (DineEquity, Inc)
Principal Release Amount. (i) If a Rapid Amortization Event or an Event of Default is continuing, the Principal Release Amount shall remain on deposit in the Senior Notes Principal Payment Accounts AccountAccounts and shall be applied in the order set forth in Section 5.12(h)(i) for amounts allocated to the Senior Notes Principal Payment AccountsAccountAccounts.
Appears in 1 contract
Principal Release Amount. (i) If a Rapid Amortization Event or an Event of Default is continuing, the Principal Release Amount shall remain on deposit in the Senior Notes Principal Payment Accounts Account and shall be applied in the order set forth in Section 5.12(h)(i) for amounts allocated to the Senior Notes Principal Payment AccountsAccount.
Appears in 1 contract
Samples: Driven Brands Holdings Inc.
Principal Release Amount. (i) If a Rapid Amortization Event or (including an Event of Default Default) is continuing, the Principal Release Amount shall remain on deposit in the Senior Notes applicable Principal Payment Accounts Account and shall be applied in the order set forth in Section 5.12(h)(i) for amounts allocated to the Senior Notes Principal Payment AccountsAccount.
Appears in 1 contract
Samples: Wingstop Inc.
