Common use of No Additional Consideration Clause in Contracts

No Additional Consideration. AAC has not and will not directly or indirectly pay or cause to be paid any remuneration in the form of cash payments, securities or other property (including supplemental or additional interest, fees, collateral or other credit support or otherwise, but excluding the application of posted collateral in connection with a single CDS transaction that is not a “Commuted Transaction” on the ABS CDO Consideration Schedule or the return of posted collateral to the party having posted such collateral), to any Policy Beneficiary or Affiliate thereof as consideration for or as an inducement to the entering into by such Policy Beneficiary of this Agreement or any Ancillary Agreement, other than (a) the consideration specifically contemplated by this Agreement and/or by the forms of Ancillary Agreements attached hereto and (b) payments to purchase AAC Surplus Notes under separate agreements permitted by Section 3.04(l) and payments of fees and expenses and granting of releases pursuant to agreements granting AAC an option to purchase AAC Surplus Notes. AAC shall not, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, or grant any security or provide other credit support, to any holder of AAC Surplus Notes as consideration for or as an inducement to the entering into, or consent to, by any holder of AAC Surplus Notes of any amendment, waiver, consent, modification, refunding or refinancing of the AAC Surplus Notes (each, a “Note Amendment”), unless such remuneration is concurrently paid, or security is concurrently granted or other credit support concurrently provided, on the same terms, ratably to each holder of AAC Surplus Notes then outstanding that agrees to such Note Amendment.