Common use of Limitation on Optional Payments and Modifications of Debt Instruments, etc Clause in Contracts

Limitation on Optional Payments and Modifications of Debt Instruments, etc. (a) Make or offer to make any payment, prepayment, repurchase or redemption of (except pursuant to a permanent refinancing of the Senior Subordinated Notes with other Senior Subordinated Indebtedness) or otherwise defease or segregate funds with respect to the Senior Subordinated Indebtedness or any guarantee thereof (except mandatory payments of interest, fees and expenses required by the terms of the agreement governing or instruments evidencing such indebtedness, but only to the extent permitted under the subordination provisions applicable thereto);

Appears in 2 contracts

Samples: Credit Agreement (Cooperative Computing Inc /De/), Credit Agreement (Cooperative Computing Inc /De/)

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Limitation on Optional Payments and Modifications of Debt Instruments, etc. (a) Make any optional payment or offer to make any payment, prepayment, repurchase prepayment on or redemption of or any payments in redemption, defeasance or repurchase of any Senior Subordinated Indebtedness (except pursuant to a permanent refinancing of the Senior Subordinated Notes with other Indebtedness pursuant to terms no less favorable to the Lenders than the Senior Subordinated Indebtedness) or otherwise defease or segregate funds with respect to the Senior Subordinated Indebtedness or any guarantee thereof (except mandatory payments of interest, fees and expenses required by the terms of the agreement governing or instruments instrument evidencing such indebtedness, Indebtedness but only to the extent permitted under the subordination provisions applicable thereto);

Appears in 1 contract

Samples: Credit Agreement (Omniamerica Inc)

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