Series Defeasance Date has the meaning set forth in Section 12.1(c) of the Base Indenture.
Series Defeasance Date has the meaning set forth in Section 12.1(c) of the Base Indenture. “Series Distribution Account” means, with respect to any Series of Notes or any Class of any Series of Notes, an account established to receive distributions to be paid to the Noteholders of such Series of Notes or such Class pursuant to the applicable Series Supplement. “Series Legal Final Maturity Date” means, with respect to any Series, the “Series Legal Final Maturity Date” set forth in the related Series Supplement. “Series Non-Amortization Test” for any Series of Notes, has the meaning specified in the applicable Series Supplement or, if not specified therein, means a test that will be satisfied on any Quarterly Payment Date if the level of both the Driven Brands Leverage Ratio and the Senior Leverage Ratio are each less than or equal to 5.00:1.00 as calculated on the Quarterly Calculation Date immediately preceding such Quarterly Payment Date. “Series Obligations” means, with respect to a Series of Notes, (a) all principal, interest, premiums and make-whole payments, if any, at any time and from time to time, owing by the Co-Issuers on such Series of Notes or owing by the Guarantors pursuant to the Guarantee and Collateral Agreement on such Series of Notes and (b) the payment and performance of all other obligations, covenants and liabilities of the Issuer or the Guarantors arising under the Indenture, the Notes or any other Indenture Document, in each case, solely with respect to such Series of Notes. “Series Pre-Funded Acquisition Conditions” are set forth in the related Series Supplement. “Series Refinancing Event” means the issuance of Additional Notes in conjunction with the payment in full, satisfaction and discharge or termination or defeasance of all other Series of Notes outstanding at such time. “Series Supplement” means a supplement to the Base Indenture complying (to the extent applicable) with the terms of Section 2.3 of the Base Indenture. “Service Recipients” means, (x) with respect to the U.S. Manager, the U.S. Securitization Entities, Take 5 and Take 5 Oil and (y) with respect to the Canadian Manager, the Canadian Securitization Entities.