Common use of Payment Permitted If No Default Clause in Contracts

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 5, from making payments at any time of principal of or interest on any portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.

Appears in 12 contracts

Samples: Joinder and Assumption Agreement (Under Armour, Inc.), Joinder and Assumption Agreement (Ii-Vi Inc), Intercompany Subordination Agreement (Under Armour, Inc.)

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Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 5, from making the regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany Subordinated Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Subordinated Indebtedness.

Appears in 12 contracts

Samples: Collateral Trust Agreement (Consol Energy Inc), Credit Agreement (CNX Coal Resources LP), Credit Agreement (CNX Gas Corp)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 5, from making regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.

Appears in 9 contracts

Samples: Credit Agreement (Foster L B Co), Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp), Security Agreement (Armstrong Energy, Inc.)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the CompaniesCompany, at any time except during the pendency of any of the conditions described in Sections 23, 4 5 and 56, from making the regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany Subordinated Indebtedness, or the retention thereof by any of the Companies Company of any money deposited with them it for the payment of or on account of the principal of or interest on the Intercompany Subordinated Indebtedness.

Appears in 4 contracts

Samples: Credit Agreement (Advanced Drainage Systems, Inc.), Intercompany Subordination Agreement (Advanced Drainage Systems, Inc.), Intercompany Subordination Agreement (Advanced Drainage Systems, Inc.)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time time, except during the pendency of any of the conditions described in Sections 2, 4 and 5, from making the regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany IndebtednessDebt, or the retention thereof by any of the Companies of any money deposited with them it for the payment regularly scheduled payments of or on account of the principal of or interest on the Intercompany IndebtednessDebt.

Appears in 3 contracts

Samples: Subordination Agreement (Eagle Picher Technologies LLC), Subordination Agreement (Eagle Picher Holdings Inc), Subordination Agreement (Eagle Picher Holdings Inc)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time time, except during the pendency of any of the conditions described in Sections 2, 4 and 5, from making the regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany IndebtednessSubordinated Debt, or the retention thereof by any of the Companies of any money deposited with them it for the payment regularly scheduled payments of or on account of the principal of or interest on the Intercompany IndebtednessSubordinated Debt.

Appears in 2 contracts

Samples: Subordination Agreement (Grubb & Ellis Co), Subordination Agreement (Grubb & Ellis Co)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 2 and 54, from making payments at any time of principal of or of, interest on any portion of rent or other payment with respect to the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of of, interest on, rent or interest on the other payment with respect to any Intercompany Indebtedness, so long as such Intercompany Indebtedness is permitted under the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (CALGON CARBON Corp)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 5, Companies from making payments or prepayments at any time of principal of or interest on any portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.

Appears in 2 contracts

Samples: Term Loan Agreement (EveryWare Global, Inc.), Credit Agreement (Allegiant Travel CO)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, Companies at any time time, except during the pendency of any of the applicable conditions described in Sections Section 2, 4 and 5, from making payments at any time of principal of or interest on any portion of the Intercompany Subordinated Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Subordinated Indebtedness.

Appears in 2 contracts

Samples: Intercreditor Agreement (Weatherford International PLC), Intercreditor Agreement (Weatherford International PLC)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 5, other than as provided in such Sections, from making payments at any time of principal of or interest on any portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.

Appears in 2 contracts

Samples: Intercompany Subordination Agreement (Federated Investors Inc /Pa/), Intercompany Subordination Agreement (Federated Investors Inc /Pa/)

Payment Permitted If No Default. Nothing contained in this ------------------------------- Agreement shall prevent any of the Companies, at any time time, except during the pendency of any of the conditions described in Sections 2, 4 and 55 hereof, from making the regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany IndebtednessSubordinated Debt, or the retention thereof by any of the Companies of any money deposited with them it for the payment regularly scheduled payments of or on account of the principal of or interest on the Intercompany IndebtednessSubordinated Debt.

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

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Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 55 hereof, from making regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.

Appears in 1 contract

Samples: Continuing Agreement (Ii-Vi Inc)

Payment Permitted If No Default. Nothing contained in this Agreement ------------------------------- shall prevent any of the Companies, at any time time, except during the pendency of any of the conditions described in Sections 2, 4 and 55 hereof, from making the regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany IndebtednessSubordinated Debt, or the retention thereof by any of the Companies of any money deposited with them it for the payment regularly scheduled payments of or on account of the principal of or interest on the Intercompany IndebtednessSubordinated Debt.

Appears in 1 contract

Samples: Pledge Agreement (Internet Capital Group Inc)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 5, from making payments at any time of principal of or interest on any portion of or other payments with respect to the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness or other payments due with respect to the Intercompany Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

Payment Permitted If No Default. Nothing contained in this Agreement ------------------------------- shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 5, other than as provided in such Sections, from making payments at any time of principal of or interest on any portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Federated Investors Inc /Pa/)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 and 5, from making regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money deposited with them it for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Koppers Holdings Inc.)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 2, 4 4, and 5, from making the regularly scheduled payments at any time of principal of or interest on any portion of the Intercompany Subordinated Indebtedness, or the retention thereof by any of the Companies of any money deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.money

Appears in 1 contract

Samples: Credit Agreement (Novacare Employee Services Inc)

Payment Permitted If No Default. Nothing contained in this Agreement shall prevent any of the Companies, at any time except during the pendency of any of the conditions described in Sections 23, 4 5 and 56, from making payments at any time of principal of or interest on any portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any money paid or deposited with them for the payment of or on account of the principal of or interest on the Intercompany Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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