Common use of Rapid Amortization Events Clause in Contracts

Rapid Amortization Events. The Notes shall be subject to rapid amortization, in whole and not in part, following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer (with a copy to the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (e) below will occur automatically without any declaration by the Control Party unless the Control Party and 100% of the Noteholders have agreed to waive such event in accordance with Section 9.7:

Appears in 2 contracts

Samples: Base Indenture (Wendy's Co), Wendy's Co

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Rapid Amortization Events. The Notes shall will be subject to rapid amortization, amortization in whole and not in part, part following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer Co-Issuers (with a copy to the Managers and the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (ed) below will occur automatically without any declaration thereof by the Control Party unless (at the Control Party and 100% direction of the Noteholders have agreed to waive such event in accordance with Section 9.7:Controlling Class Representative):

Appears in 2 contracts

Samples: Driven Brands Holdings Inc., Driven Brands Holdings Inc.

Rapid Amortization Events. The Notes shall be subject to rapid amortization, in whole and not in part, following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer (with a copy to the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (eb) below will occur automatically without any declaration by the Control Party unless the Control Party and 100% of the Noteholders have agreed to waive such event in accordance with Section 9.79.07:

Appears in 1 contract

Samples: Jack in the Box Inc /New/

Rapid Amortization Events. The Notes shall be subject to rapid amortization, in whole and not in part, following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer (with a copy to the Back-Up Manager and the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (e) I below will occur automatically without any declaration by the Control Party unless the Control Party and 100% of the Noteholders have agreed to waive such event in accordance with Section 9.7:

Appears in 1 contract

Samples: Contribution Agreement (Planet Fitness, Inc.)

Rapid Amortization Events. The Notes shall will be subject to rapid amortization, amortization in whole and not in part, part following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer (with a copy to the Trustee) (each, a “Rapid Amortization Event”); provided provided, that a Rapid Amortization Event described in clause (e) below will occur automatically without any declaration by the Control Party unless the Control Party and 100% of the Noteholders each affected Noteholder have agreed to waive such event in accordance with Section 9.7:

Appears in 1 contract

Samples: Base Indenture (Dunkin' Brands Group, Inc.)

Rapid Amortization Events. The Notes shall will be subject to rapid amortization, amortization in whole and not in part, part following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer Co-Issuers (with a copy to the Managers, the Back-Up Manager and the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (ed) below will occur automatically without any declaration thereof by the Control Party unless (at the Control Party and 100% direction of the Noteholders have agreed to waive such event in accordance with Section 9.7:Controlling Class Representative):

Appears in 1 contract

Samples: Driven Brands Holdings Inc.

Rapid Amortization Events. The Notes shall will be subject to rapid amortization, amortization in whole and not in part, part following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer Co-Issuers (with a copy to the Manager and the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (e) below will occur automatically without any declaration by the Control Party unless the Control Party and 100% of the Noteholders have agreed to waive such event in accordance with Section 9.7:):

Appears in 1 contract

Samples: Indenture (Jay Merger Sub, Inc.)

Rapid Amortization Events. The Notes shall will be subject to rapid amortization, amortization in whole and not in part, part following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer IssuerCo-Issuers (with a copy to the ManagerManagers and the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (ed) below will occur automatically without any declaration thereof by the Control Party unless (at the Control Party and 100% direction of the Noteholders have agreed to waive such event in accordance with Section 9.7:Controlling Class Representative):

Appears in 1 contract

Samples: Management Agreement (Driven Brands Holdings Inc.)

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Rapid Amortization Events. The Notes shall be subject to rapid amortization, in whole and not in part, following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer (with a copy to the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (e) below will occur automatically without any declaration by the Control Party unless the Control Party and 100% of the Noteholders have agreed to waive such event in accordance with Section 9.7:

Appears in 1 contract

Samples: Fitness Equipment Distribution Agreement (Planet Fitness, Inc.)

Rapid Amortization Events. The Notes shall be subject to rapid amortization, in whole and not in part, following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer (with a copy to the Back-Up Manager and the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (e) below will occur automatically without any declaration by the Control Party unless the Control Party and 100% of the Noteholders have agreed to waive such event in accordance with Section 9.7:

Appears in 1 contract

Samples: Base Indenture (European Wax Center, Inc.)

Rapid Amortization Events. The Notes shall will be subject to rapid amortization, amortization in whole and not in part, part following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer (with a copy to the Manager and the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (ed) below will occur automatically without any declaration thereof by the Control Party unless (at the Control Party and 100% direction of the Noteholders have agreed to waive such event in accordance with Section 9.7:Controlling Class Representative): 76

Appears in 1 contract

Samples: Wingstop Inc.

Rapid Amortization Events. The Notes shall will be subject to rapid amortization, amortization in whole and not in part, part following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer Co-Issuers (with a copy to the Trustee) (each, a “Rapid Amortization Event”); provided provided, that a Rapid Amortization Event described in clause (e) below will occur automatically without any declaration by the Control Party unless the Control Party and 100% of the Noteholders each affected Noteholder have agreed to waive such event in accordance with Section 9.7:

Appears in 1 contract

Samples: Base Indenture (DineEquity, Inc)

Rapid Amortization Events. The Notes shall will be subject to rapid amortization, amortization in whole and not in part, part following the occurrence of any of the following events as declared by the Control Party (at the direction of the Controlling Class Representative) by written notice to the Master Issuer (with a copy to the Manager and the Trustee) (each, a “Rapid Amortization Event”); provided that a Rapid Amortization Event described in clause (ed) below will occur automatically without any declaration thereof by the Control Party unless (at the Control Party and 100% direction of the Noteholders have agreed to waive such event in accordance with Section 9.7:Controlling Class Representative):

Appears in 1 contract

Samples: Driven Brands Holdings Inc.

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