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

Limitation on Optional Payments and Modifications of Debt Instruments. No Obligor will make any optional payment or prepayment on, or redemption, defeasance or purchase of, any Debt (other than any Outstanding Obligations), or amend, or consent to any amendment of, any of the terms relating to the payment or prepayment of principal, interest or fees relating to, any of that Debt.

Appears in 3 contracts

Samples: Credit Agreement (Frankly Inc), Credit Agreement (Frankly Inc), Credit Agreement (Frankly Inc)

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Limitation on Optional Payments and Modifications of Debt Instruments. No Obligor will make Make any optional payment or prepayment on, on or optional redemption, defeasance or purchase of, of any Subordinated Debt (or other Indebtedness other than any Outstanding the Obligations), or amend, modify or change, or consent or agree to any amendment ofamendment, modification or change to any of the terms relating to the payment or prepayment or principal of principal, or interest or fees relating toon, any of that Debt.such Indebtedness, other than any amendment, modification

Appears in 1 contract

Samples: Revolving Credit Agreement (Kti Inc)

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