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

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to the Loan Documents, or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 4 contracts

Samples: Credit Agreement (Baldwin Technology Co Inc), Credit Agreement (Swisher International Group Inc), Credit Agreement (Baldwin Technology Co Inc)

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Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption redemption, defeasance or purchase of any Indebtedness except pursuant to the Loan DocumentsSubordinated Debt, or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms relating to the payment or prepayment or principal of or interest on, any Indebtedness (excluding the Loans) (such Indebtedness, other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 4 contracts

Samples: Purchase Order Financing Agreement (Amincor, Inc.), Revolving Credit Agreement (Guest Supply Inc), Credit and Term Loan Agreement (Emerson Radio Corp)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to (other than the Loan Documents, Loans) or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 2 contracts

Samples: Credit Agreement (Swisher International Group Inc), Credit Agreement (Swisher International Group Inc)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to (other than the Loan Documents, Term Loans) or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms relating to the payment or prepayment of, or principal of or interest on, any such Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 2 contracts

Samples: Credit Agreement (Global Signal Inc), Credit Agreement (Global Signal Inc)

Limitation on Optional Payments and Modifications of Debt Instruments. The Borrower shall not (a) Make make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to (other than the Loan DocumentsLoans), or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 2 contracts

Samples: Loan and Security Agreement (Alliance Laundry Holdings LLC), Loan and Security Agreement (Alliance Laundry Corp)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to (other than the Loan Documents, Loans) or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the interest rate or extend the date for payment of interest thereon).

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to (other than the Loan Documents, or Loans) and (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 1 contract

Samples: Credit Agreement (Transtexas Gas Corp)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to (other than the Loan Documents, Acquisition Loans) or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms relating to the payment or prepayment of, or principal of or interest on, any such Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 1 contract

Samples: Global Signal Inc

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to the Loan Documents, or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any such Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 1 contract

Samples: Credit Agreement (Hallwood Group Inc)

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Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on on, or redemption or purchase of, any of any Indebtedness except pursuant to the Loan Documents, Debentures or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of the Indenture in any Indebtedness (excluding manner which could be reasonably expected to be adverse to the Loans) (other than any such amendment, modification interests of the Lenders or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon)Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Reebok International LTD)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to the Loan DocumentsSubordinated Debt, or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any Indebtedness (excluding the Loans) such Subordinated Debt (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon), or (c) amend the subordination provisions of the Subordinated Debt.

Appears in 1 contract

Samples: Subsidiaries Security Agreement (Standard Microsystems Corp)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to the Loan Documents, or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any Indebtedness (excluding Indebtedness. Notwithstanding the Loans) (other than any such amendmentforegoing, modification however, the Borrower may make payments or change which would extend otherwise perform pursuant to the maturity or reduce the amount terms of any payment agreements in effect as of principal thereof or which would reduce the rate or extend the date for payment of interest thereon)this Agreement.

Appears in 1 contract

Samples: Convertible Loan Agreement (Vitech America Inc)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to the Loan Documentsother Indebtedness, or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms of any other Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon)) or any Zipp Acquisition Documents.

Appears in 1 contract

Samples: Credit Agreement (Celadon Group Inc)

Limitation on Optional Payments and Modifications of Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Indebtedness except pursuant to (other than the Loan Documents, Loans) or (b) amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms relating to the payment or prepayment of, or principal of or interest on, any such Indebtedness (excluding the Loans) (other than any such amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon).

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

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