Payments of Certain Indebtedness. Neither the Borrower nor any of the Restricted Subsidiaries will voluntarily prepay, redeem, purchase, defease or otherwise satisfy any Prepayment Restricted Indebtedness, except the Borrower and its Restricted Subsidiaries may make:
Payments of Certain Indebtedness. Neither the Borrowers nor any Restricted Subsidiary will, nor will they permit any Restricted Subsidiary to, voluntarily prepay, redeem, purchase, defease or otherwise satisfy any Prepayment Restricted Indebtedness except:
Payments of Certain Indebtedness. Neither the Borrowers nor any Restricted Subsidiary will, nor will they permit any Restricted Subsidiary to, voluntarily prepay, redeem, purchase, defease or otherwise satisfy any Prepayment Restricted Indebtedness during the period from the First Amendment Effective Date until the later of (x) the Covenant Relief Period Termination Date and (y) the first date on which the Rent-Adjusted Total Net Leverage Ratio is equal to or less than 6.00 to 1.00 calculated on a Pro Forma Basis as of the end of the most recently ended Test Period. Thereafter, neither the Borrowers nor any Restricted Subsidiary will, nor will they permit any Restricted Subsidiary to, voluntarily prepay, redeem, purchase, defease or otherwise satisfy any Prepayment Restricted Indebtedness except:
Payments of Certain Indebtedness. The Company will not, and will not permit any Subsidiary to, make or agree to pay or make, directly or indirectly, any payment or other distribution (whether in cash securities or other property) of or in respect of principal of or interest on any Indebtedness, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Indebtedness, except:
Payments of Certain Indebtedness. The Company will not, nor will it permit any Subsidiary or any Affiliate to, prepay or incur net reductions in any Global Credit Facility during the Waiver Period. Schedule B of the Existing Credit Agreement is hereby amended by inserting the following additional definitions:
Payments of Certain Indebtedness. (a) The Borrower will not, and will not permit any of its Restricted Subsidiaries to, pay in cash any Permitted Earnout or permitted seller note in connection with permitted acquisition or permitted Investment (other than the Sterling Acquisition) unless (x) no Event of Default has occurred and is continuing or would result therefrom and (y) the Borrower and the Restricted Subsidiaries demonstrate that the Consolidated Leverage Ratio does not exceed 5.50:1.00, in each case, calculated on a Pro Forma Basis after giving effect thereto.
Payments of Certain Indebtedness. At any time, directly or indirectly pay, prepay, repurchase, redeem, retire or otherwise acquire, or make any payment on account of any principal of, interest on or premium payable in connection with the repayment or redemption of any Permitted Subordinated Debt except as expressly permitted in the Subordination Agreement with respect thereto.
Payments of Certain Indebtedness. The Company shall not, nor shall it permit any of its Subsidiaries to, make directly or indirectly, any payment, prepayment, repayment or other distribution (whether in cash, securities or other property), of or in respect of principal of, premium, if any, interest on, fees on or redemption, exchange, purchase, retirement, defeasance or similar payment in respect of any Indebtedness (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Indebtedness, except (i) payments, prepayments, repayments or other distributions in respect of the Indebtedness permitted pursuant to Section 4.29 (other than clauses (a)(i), (a)(ii) of Section 4.29) and any Permitted Refinancings thereof to the extent permitted; provided that or any such Indebtedness permitted thereunder that is subject to an intercreditor and/or subordination arrangement shall be payable pursuant to the terms of such arrangement, (ii) with respect to the 2025 Notes, (A) any payments, prepayments, repayments or other distributions pursuant to a Permitted 2025 Notes Refinancing thereof,
Payments of Certain Indebtedness. The Company shall not, nor shall it permit any of its Subsidiaries to, make directly or indirectly, any payment, prepayment, repayment or other distribution (whether in cash, securities or other property), of or in respect of principal of, premium, if any, interest on, fees on or redemption, exchange, purchase, retirement, defeasance or similar payment in respect of any Indebtedness (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Indebtedness, except (i) payments in respect of the Indebtedness permitted pursuant to Section 4.29 (other than clauses (a)(i), (a)(ii) and (b) of Section 4.29) and any Permitted Refinancings thereof to the extent permitted; provided that or any such Indebtedness permitted thereunder that is subject to an intercreditor and/or subordination arrangement shall be payable pursuant to the terms of such arrangement, (ii) with respect to the 2024 Notes and the 2028 Notes, any payments, prepayments, repayments or other distributions (x) pursuant to a Permitted Refinancing thereof or (y) with the proceeds of any Permitted Secured Debt other than proceeds from any Permitted Revolver Debt, (iii) payments of any Permitted Secured Debt and any Permitted Refinancings to the extent permitted by the terms of any Pari Passu Intercreditor Agreement or Junior Lien Intercreditor Agreement, as applicable, but in no event shall the Company or any of its Subsidiaries make any voluntary or optional prepayments in respect of the Permitted Secured Debt (including with the proceeds of any Permitted Revolver Debt) other than (x) pursuant to a Permitted Refinancing thereof, (y) with the proceeds of a Permitted Revolver Debt solely to repay any Indebtedness of any other Permitted Revolver Debt or (z) solely in the case of any Permitted Secured Debt that constitutes Pari Passu Lien Debt, any voluntary or optional prepayment of such Pari Passu Lien Debt to the extent that the Company, simultaneously with such prepayment, consummates an Optional Redemption in an aggregate principal amount that represents a percentage of the aggregate outstanding principal amount of the Notes that equals or exceeds the percentage of the aggregate outstanding principal amount of such Pari Passu Lien Debt that is being prepaid, and (iv) payments in Qualified Stock.
Payments of Certain Indebtedness. 66 Section 7.12 Burdensome Agreements and Negative Pledges ................................................. 66
