Common use of Prior Notice by Trustee to the Controlling Class Representative and Control Party Clause in Contracts

Prior Notice by Trustee to the Controlling Class Representative and Control Party. Subject to Section 10.1 of the Base Indenture, the Trustee agrees that it shall not exercise any rights or remedies available to it as a result of the occurrence of a Rapid Amortization Event or an Event of Default until after the Trustee has given prior written notice thereof to the Controlling Class Representative and the Control Party and obtained the direction of the Control Party (subject to Section 11.4(e) of the Base Indenture, at the direction of the Controlling Class Representative).

Appears in 34 contracts

Samples: Base Indenture (European Wax Center, Inc.), Base Indenture (Wendy's Co), Base Indenture (Driven Brands Holdings Inc.)

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Prior Notice by Trustee to the Controlling Class Representative and Control Party. Subject to Section 10.1 of the Base Indenture, the Trustee agrees that it shall not exercise any rights or remedies available to it as a result of the occurrence of a Rapid Amortization Event (subject to Section 3.6(b) and Section 3.6(d)(iii) of this Series Supplement) or an Event of Default until after the Trustee has given prior written notice thereof to the Controlling Class Representative and the Control Party and obtained the direction of the Control Party (subject to Section 11.4(e) of the Base Indenture, at the direction of the Controlling Class Representative).

Appears in 3 contracts

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

Prior Notice by Trustee to the Controlling Class Representative and Control Party. Subject to Section 10.1 of the Base Indenture, the Trustee agrees that it shall not exercise any rights or remedies available to it as a result of the occurrence of a Rapid Amortization Event (including any Lessee Payment Default Rapid Am Event) or an Event of Default until after the Trustee has given prior written notice thereof to the Controlling Class Representative and the Control Party and obtained the direction of the Control Party (subject to Section 11.4(e11.4(f) of the Base Indenture, at the direction of the Controlling Class Representative).

Appears in 2 contracts

Samples: SPRINT Corp, SPRINT Corp

Prior Notice by Trustee to the Controlling Class Representative and Control Party. Subject to Section 10.1 of the Base Indenture, the Trustee agrees that it shall not exercise any rights or remedies available to it as a result of the occurrence of a Rapid Amortization Event or an Event of Default until after the Trustee has given prior written notice thereof to the Controlling Class Representative and the Control Party and obtained the direction of the Control Party (subject to Section 11.4(e11.4(b) of the Base Indenture, at the direction of the Controlling Class Representative).

Appears in 1 contract

Samples: Base Indenture (Wendy's Co)

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Prior Notice by Trustee to the Controlling Class Representative and Control Party. Subject to Section 10.1 10.01 of the Base Indenture, the Trustee agrees that it shall not exercise any rights or remedies available to it as a result of the occurrence of a Rapid Amortization Event or an Event of Default until after the Trustee has given prior written notice thereof to the Controlling Class Representative and the Control Party and obtained the direction of the Control Party (subject to Section 11.4(e11.04(e) of the Base Indenture, at the direction of the Controlling Class Representative).

Appears in 1 contract

Samples: Jack in the Box Inc

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