Payments on Other Indebtedness Sample Clauses

Payments on Other Indebtedness. So long as any Obligations are outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, redeem, defease, repurchase, repay or make any payments in respect of, by the payment of cash or cash equivalents (in whole or in part, whether by way of open market purchases, tender offers, private transactions or otherwise), all or any portion of any Permitted Indebtedness (excluding the Note), whether by way of payment in respect of principal of (or premium, if any) or interest on, such Indebtedness if at the time such payment is due or is otherwise made or, after giving effect to such payment, an event constituting, or that with the passage of time and without being cured would constitute, an Event of Default (as defined in the Note) has occurred and is continuing.
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Payments on Other Indebtedness. Until the Note has been indefeasibly paid in full, the Company shall not make (i) any prepayment on the principal of the Laurus Indebtedness in violation of the terms of the Subordination Agreement dated as of the date hereof between Laurus and the Purchaser (the "Subordination Agreement"), the Midsummer Debenture, the RTI Notes, the Txxxxxx Note or the Bxxxx Note and (ii) any interest payments on the Txxxxxx Note or the Bxxxx Note.
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Payments on Other Indebtedness. No Loan Party shall make or permit any of their Subsidiaries to make or agree to 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 that is by its terms expressly subordinated in right of payment to the Obligations, except (a) regularly scheduled payments of interest or principal and payment of expenses and fees as and when due (to the extent not prohibited by any applicable subordination arrangements), (b) to the extent in connection with any Permitted Refinancing Indebtedness permitted by Section 8.2, (c) payment of Indebtedness owed by a Subsidiary of the Borrower that is not a Loan Party to a Loan Party (other than Parent) and (d) to the extent that after giving effect thereto the Loan Parties are in compliance with the financial covenant set forth in Section 8.4 as of the end of the most recent Fiscal Quarter for which financial statements have been delivered pursuant to Section 7.1(a) or Section 7.1(b) hereunder (provided that the aggregate amount of payments made pursuant to this clause (d) shall not exceed $10,000,000).
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Payments on Other Indebtedness. No Loan Party shall make or permit any of their Subsidiaries to make or agree to 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 subordinated Indebtedness, except as may be permitted pursuant to the applicable subordination arrangements, the terms and conditions of which are satisfactory to the Required Lenders in their sole and absolute discretion.
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Payments on Other Indebtedness. Neither Borrower shall, nor shall either Borrower permit any of its Subsidiaries to, (a) make any voluntary prepayment of principal of, or make any redemption, purchase, retirement, defeasance, sinking fund or similar payment with respect to any Indebtedness for borrowed money other than the Obligations which is not required under the terms of such Indebtedness, (b) make any payments of principal or interest on any amount of Other Indebtedness owing to an Affiliate of it at any time at which an Event of Default or a Potential Event of Default exists, or (c) amend, modify or supplement any payment or prepayment terms contained in any agreement or instrument executed and delivered with respect to such Indebtedness for borrowed money other than as otherwise specifically permitted under this Agreement.
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Related to Payments on Other Indebtedness

  • Prepayments of Other Indebtedness Modifications of Organizational Documents and Other Documents, etc. 90 SECTION 6.12 Limitation on Certain Restrictions on Subsidiaries 90 SECTION 6.13 [Reserved.] 91 SECTION 6.14 [Reserved.] 91 SECTION 6.15 Business 91 SECTION 6.16 Limitation on Accounting Changes 91 SECTION 6.17 Fiscal Year 91 SECTION 6.18 No Further Negative Pledge 91 SECTION 6.19 Anti-Terrorism Law; Anti-Money Laundering 92 SECTION 6.20 Embargoed Person 92 ARTICLE VII GUARANTEE SECTION 7.01 The Guarantee 93 SECTION 7.02 Obligations Unconditional 93 SECTION 7.03 Reinstatement 94 SECTION 7.04 Subrogation; Subordination 94 SECTION 7.05 Remedies 94 SECTION 7.06 Instrument for the Payment of Money 95 SECTION 7.07 Continuing Guarantee 95 SECTION 7.08 General Limitation on Guarantee Obligations 95 SECTION 7.09 Release of Guarantors 95 SECTION 7.10 Right of Contribution 95 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 96 SECTION 8.02 Rescission 98 SECTION 8.03 Application of Proceeds 98 ARTICLE IX THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT SECTION 9.01 Appointment and Authority 99 SECTION 9.02 Rights as a Lender 99 SECTION 9.03 Exculpatory Provisions 99 SECTION 9.04 Reliance by Agent 100 SECTION 9.05 Delegation of Duties 101

  • Default on Other Indebtedness A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, other than Indebtedness described in Section 8.1.1, of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

  • Prepayment of Other Indebtedness, Etc (a) Amend or modify any of the terms of any Indebtedness of any Loan Party or any Subsidiary (other than Indebtedness arising under the Loan Documents) if such amendment or modification would add or change any terms in a manner adverse to any Loan Party or any Subsidiary, or shorten the final maturity or average life to maturity or require any payment to be made sooner than originally scheduled or increase the interest rate applicable thereto.

  • No Other Indebtedness On the Closing Date and after giving effect to the transactions contemplated hereby, none of the Loan Parties nor any of their Subsidiaries have any Indebtedness other than Indebtedness permitted under Section 8.1.

  • Default as to Other Indebtedness The Borrower or any of its Subsidiaries shall fail to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) with respect to any Indebtedness (other than Indebtedness hereunder, but including, without limitation, Disqualified Stock), beyond any period of grace provided with respect thereto, which individually or together with other such Indebtedness as to which any such failure exists has an aggregate outstanding principal amount in excess of $5,000,000; or any breach, default or event of default shall occur, or any other condition shall exist under any instrument, agreement or indenture pertaining to any such Indebtedness having such aggregate outstanding principal amount, beyond any period of grace, if any, provided with respect thereto, if the effect thereof is to cause an acceleration, mandatory redemption, a requirement that the Borrower offer to purchase such Indebtedness or other required repurchase of such Indebtedness, or permit the holder(s) of such Indebtedness to accelerate the maturity of any such Indebtedness or require a redemption or other repurchase of such Indebtedness; or any such Indebtedness shall be otherwise declared to be due and payable (by acceleration or otherwise) or required to be prepaid, redeemed or otherwise repurchased by the Borrower or any of its Subsidiaries (other than by a regularly scheduled required prepayment) prior to the stated maturity thereof.

  • Other Indebtedness Create, incur, assume or permit to exist any indebtedness or liabilities resulting from borrowings, loans or advances, whether secured or unsecured, matured or unmatured, liquidated or unliquidated, joint or several, except (a) the liabilities of Borrower to Bank, and (b) any other liabilities of Borrower existing as of, and disclosed to Bank prior to, the date hereof.

  • Payment of Taxes and Other Indebtedness Each Credit Party will, and will cause each of its Subsidiaries to, pay and discharge (a) all taxes, assessments and governmental charges or levies imposed upon it, or upon its income or profits, or upon any of its properties, before they shall become delinquent, (b) all lawful claims (including claims for labor, materials and supplies) which, if unpaid, might give rise to a Lien upon any of its properties, and (c) except as prohibited hereunder, all of its other Indebtedness as it shall become due; provided, however, that no Consolidated Party shall be required to pay any such tax, assessment, charge, levy, claim or Indebtedness which is being contested in good faith by appropriate proceedings and as to which adequate reserves therefor have been established in accordance with GAAP, unless the failure to make any such payment (i) could give rise to an immediate right to foreclose on a Lien securing such amounts or (ii) could have a Material Adverse Effect.

  • Default Under Other Indebtedness Borrower or any Guarantor fails to pay any indebtedness (other than the Loan) owed by Borrower or such Guarantor to Lender when and as due and payable (whether by acceleration or otherwise).

  • Payments of Indebtedness Borrower will not, and will not permit any of its Subsidiaries to, make any payments in respect of any Indebtedness other than (i) the Obligations and (ii) subject to any applicable terms of subordination, other Permitted Indebtedness.

  • Payments on Notes 37 Section 14.1. Place of Payment................................................................................ 37 Section 14.2. Home Office Payment........................................................................ 37 SECTION 15.

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