Potential Rapid Amortization Event definition

Potential Rapid Amortization Event means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute a Rapid Amortization Event.
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Potential Rapid Amortization Event or “Rapid Amortization Event” (as defined herein or any applicable Series Supplement) or (G) amend, waive or otherwise modify this Section 13.2, shall require the consent of the each affected Noteholder and each other affected Secured Party; and
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Potential Rapid Amortization Event or “Rapid Amortization Event” (as defined in this Base Indenture or any applicable Series Supplement), provided that the addition to any such definitions of additional such events, and the subsequent amendments thereof, will not be deemed to violate this provision or (G) amend, waive or otherwise modify this Section 13.2, in each case, shall require the consent of each affected Noteholder and each other affected Secured Party (this clause (iii), the “Specified Payment Amendment Provision”); and
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Examples of Potential Rapid Amortization Event in a sentence

  • No delay or omission of the Trustee, the Control Party, the Controlling Class Representative, any Holder of any Note or any other Secured Party to exercise any right or remedy accruing upon any Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default or an acquiescence therein.

  • On or before the third (3rd) Business Day prior to each Quarterly Payment Date, the Manager shall deliver to the Trustee (with a copy to each of the Control Party and the Back-Up Manager) an Officer’s Certificate (each, a “Quarterly Compliance Certificate”) to the effect that, except as provided in a notice delivered pursuant to Section 8.8, no Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default has occurred or is continuing.


More Definitions of Potential Rapid Amortization Event

Potential Rapid Amortization Event or “Rapid Amortization Event” (as defined in the Base Indenture or any applicable Series Supplement (other than an increase or decrease of the threshold amount of Wingstop System-Wide Sales set forth in clause (e) of the definition thereof, which is subject to increase or decrease at the request of the Issuer, subject to approval by the Control Party and satisfaction of the Rating Agency Condition)) or (G) amend, waive or otherwise modify this Section 1.2 and Section 13.2 of the Base Indenture, in each case, shall require the consent of each affected Noteholder and each other affected Secured Party; and
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Potential Rapid Amortization Event or “Rapid Amortization Event” (as defined in the Base Indenture or any applicable Series Supplement (other than an increase or decrease of the threshold amount of Wingstop System-Wide Sales set forth in clause (e) of the definition thereof, which is subject to increase or decrease at the request of the Issuer, subject to approval by the Control Party and satisfaction of the Rating Agency Condition)) or (G) amend, waive or otherwise modify this Section 1.2 and Section 13.2 of the Base Indenture, in each case, shall require the consent of each affected Noteholder and each other affected Secured Party; and (iv) any such amendment, waiver or other modification pursuant to this Section 1.2 and Section 13.2 of the Base Indenture that would change the time periods with respect to any requirement to deliver to Noteholders notice with respect to any repayment, prepayment or redemption shall require the consent of each affected Noteholder.
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Potential Rapid Amortization Event or “Rapid Amortization Event” (as defined in this Base Indenture or any applicable Series Supplement), provided that the addition to any such definitions of additional such events, and the subsequent amendments thereof, will not be deemed to violate this provision or (G) amend, waive or otherwise modify this Section 13.2, in each case, shall require the consent of each affected Noteholder and each other affected Secured Party (this clause (iii), the “Specified Payment Amendment Provision”); and (iv) any such amendment, waiver or other modification pursuant to this Section 13.2 that would change the time periods with respect to any requirement to deliver to Noteholders notice with respect to any repayment, prepayment or redemption shall require the consent of each affected Noteholder.
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Potential Rapid Amortization Event. “Manager Termination Event,” “Potential Manager Termination Event,” or any substantially equivalent term, each as defined under a Permitted Securitization Financing, and such interpretation shall control and govern.
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Related to Potential Rapid Amortization Event

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2023-A Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.