Common use of Prepayment Consideration Not Payable Clause in Contracts

Prepayment Consideration Not Payable. For the avoidance of doubt, there is no Series 2019-2 Class A-2 Make-Whole Prepayment Consideration payable as a result of (i) the application of Indemnification Amounts or Insurance/Condemnation Proceeds allocated to the Series 2019-2 Class A-2 Notes pursuant to clause (i) of the Priority of Payments, (ii) any Series 2019-2 Class A-2 Notes Scheduled Principal Payments Amounts, Series 2019-2 Class A-2 Optional Scheduled Principal Payments or Series 2019-2 Class A-2 Notes 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 20192020-2 Class A-2 Notes Make-Whole Prepayment Consideration payable as a result of (i) the application of Indemnification Amounts or Insurance/Condemnation Proceeds allocated to the Series 20192020-2 Class A-2 Notes pursuant to clause (i) of the Priority of Payments, (ii) any Series 20192020-2 Class A-2 Notes Scheduled Principal Payments Amounts, Series 20192020-2 Class A-2 Notes Optional Scheduled Principal Payments or Series 20192020-2 Class A-2 Notes Scheduled Principal Payment Deficiency Amounts, (iii) any prepayment on or after the Prepayment Consideration End Date and Date, (iv) mandatory prepayments due to a Rapid Amortization Event, (v) any EU Change of principal in an aggregate amount no greater than the Par Call Amount, other than Control; and (vi) any Refinancing Prepaymentscancellations of repurchased Series 2020-2 Class A-2 Notes.

Appears in 1 contract

Samples: Driven Brands Holdings Inc.

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Prepayment Consideration Not Payable. For the avoidance of doubt, there is no Series 20192018-2 1 Class A-2 Make-Whole Prepayment Consideration payable as a result of (i) the application of Indemnification Amounts or Insurance/Condemnation Proceeds allocated to the Series 20192018-2 1 Class A-2 Notes pursuant to clause (i) of the Priority of Payments, (ii) the payment of any Series 20192018-2 1 Class A-2 Notes Scheduled Principal Payments Payment Amounts, Series 20192018-2 1 Class A-2 Optional Scheduled Principal Payments or Series 20192018-2 1 Class A-2 Notes Scheduled Principal Payment Deficiency Amounts, Amounts and (iii) any prepayment on or after the applicable Prepayment Consideration End Date and (iv) prepayments Date. In the event that the Series 2018-1 Class A-2-II Call Redemption Premium is paid, such amount will be in lieu of principal any Series 2018-1 Class A-2 Make-Whole Prepayment Consideration otherwise required to be paid on the Series 2018-1 Class A-2-II Notes in an aggregate amount no greater than the Par Call Amount, other than any Refinancing Prepaymentsconnection with such prepayment.

Appears in 1 contract

Samples: Yum Brands Inc

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