Payment obligations continue. Neither the Company nor any other Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 (Restriction on Payment: Subordinated Liabilities) and 8.2 (Permitted Payments: Subordinated Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Appears in 3 contracts
Sources: Intercreditor Agreement, Intercreditor Agreement (Tidewater Inc), Intercreditor Agreement (InterXion Holding N.V.)
Payment obligations continue. Neither the Company nor any other No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 (Restriction on Payment: Subordinated Intra-Group Liabilities) and 8.2 (Permitted Payments: Subordinated Intra-Group Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Appears in 1 contract
Sources: Commitment Letter
Payment obligations continue. Neither the Company nor any other Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 (Restriction on Payment: Subordinated Liabilities) and 8.2 (Permitted Payments: Subordinated Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.:
Appears in 1 contract
Sources: Intercreditor Agreement
Payment obligations continue. Neither the Company nor any other Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 (Restriction on Payment: Subordinated Shareholder Liabilities) and 8.2 (Permitted Payments: Subordinated Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.8.2
Appears in 1 contract
Payment obligations continue. Neither the Company nor any other Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 6.1 (Restriction on Payment: Subordinated Liabilities) and 8.2 6.2 (Permitted Payments: Subordinated Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Appears in 1 contract
Sources: Intercreditor Agreement
Payment obligations continue. Neither the Company nor any other Debtor shall be released from the liability to make any Payment (including of default interest, if any, which shall continue to accrue) under any Debt Bond Document by the operation of Clauses 8.1 6.1 (Restriction on Payment: Subordinated Liabilities) and 8.2 6.2 (Permitted Payments: Subordinated Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Appears in 1 contract
Sources: Intercreditor Deed
Payment obligations continue. Neither the Company nor any other Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 5.1 (Restriction on Payment: Subordinated Investor Liabilities) and 8.2 5.2 (Permitted Payments: Subordinated Investor Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Appears in 1 contract
Sources: Intercreditor Agreement
Payment obligations continue. Neither the Company nor any other Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 7.1 (Restriction on Payment: Subordinated Liabilities) and 8.2 7.2 (Permitted Payments: Subordinated Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Appears in 1 contract
Payment obligations continue. Neither the Company nor any other Debtor The Debtors shall not be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 7.1 (Restriction on Payment: Subordinated Intra-Group Liabilities) and 8.2 7.2 (Permitted Payments: Subordinated Intra-Group Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Appears in 1 contract