Common use of Prepayment Consideration Not Payable Clause in Contracts

Prepayment Consideration Not Payable. For the avoidance of doubt, there is no Series 2018-1 Make-Whole Prepayment Consideration payable as a result of (i) the application of Indemnification Amounts or Insurance/Condemnation Proceeds allocated to the Series 2018-1 Class A-2 Notes pursuant to clause (i) of the Priority of Payments, (ii) any Series 2018-1 Scheduled Principal Payments Amounts, Series 2018-1 Optional Scheduled Principal Payments or Series 2018-1 Scheduled Principal Payment Deficiency Amounts, (iii) any prepayment on or after the Prepayment Consideration End Date and (iv) prepayments of principal in an aggregate amount no greater than the Par Call Amount, other than any Refinancing Prepayments.

Appears in 2 contracts

Samples: Base Indenture (Driven Brands Holdings Inc.), Driven Brands Holdings Inc.

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Prepayment Consideration Not Payable. For the avoidance of doubt, there is no Series 20182019-1 Make-Whole Prepayment Consideration payable as a result of (i) the application of Indemnification Amounts or Insurance/Condemnation Proceeds allocated to the Series 20182019-1 Class A-2 Notes pursuant to clause (i) of the Priority of Payments, (ii) any Series 20182019-1 Scheduled Principal Payments Amounts, Series 20182019-1 Optional Scheduled Principal Payments or Series 20182019-1 Scheduled Principal Payment Deficiency Amounts, (iii) any prepayment on or after the Prepayment Consideration End Date and (iv) prepayments of principal in an aggregate amount no greater than the Par Call Amount, other than any Refinancing Prepayments.

Appears in 2 contracts

Samples: Base Indenture (Driven Brands Holdings Inc.), Driven Brands Holdings Inc.

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