Company: RRGB
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0000950142-25-002929
Chunk: 44

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 424B5
Chunk 44
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 so amended would not result in debt                       
 securities being transferred in violation of the Securities Act or any other applicable securities law and (b) such amendment does 
 not materially and adversely affect the rights of holders of debt securities to transfer debt securities; or                       |

| · | to convey, transfer, assign, mortgage or pledge any property to or with the trustee, or to make such                                   
 other provisions in regard to matters or questions arising under the indenture as shall not adversely affect, in any material respect, 
 the interests of any holders of debt securities of any series.                                                                         |

Mergers and Sales of Assets

The indenture provides that we will not
consolidate with or merge with or into, or convey, transfer or lease in one transaction or a series of related transactions,
directly or indirectly, all or substantially all of our properties and assets to, another person, unless (i) the resulting,
surviving or transferee person, if not Red Robin Gourmet Burgers, Inc., is a person organized and existing under the laws of the
United States of America, any state thereof or the District of Columbia; (ii) immediately after giving effect to such
transaction, no default or event of default has occurred and is continuing under the indenture; (iii) the resulting, surviving
or transferee person, if not Red Robin Gourmet Burgers, Inc., expressly assumes by supplemental indenture in a form satisfactory to
the trustee all of our obligations under the debt securities and the indenture; and (iv) we or the successor person has
delivered to the trustee the certificates and opinions of counsel required under the indenture. Upon any such consolidation, merger
or transfer, the resulting, surviving or transferee person shall succeed to, and may exercise every right and power of, Red Robin
Gourmet Burgers, Inc. under the indenture.

| 17 |

Satisfaction and Discharge of the Indenture; Defeasance

Unless otherwise provided for in the prospectus
supplement, the indenture will generally cease to be of any further effect with respect to a series of debt securities if (a) we
have delivered to the trustee for cancellation all debt securities of such series (with certain limited exceptions) or (b) all debt
securities and coupons of such series not theretofore delivered to the trustee for cancellation will have become due and payable, or are
by their terms to become due and payable within one year or are to be called