Prepayment Avoidance. The Company will, and will cause each Consolidated Subsidiary to, either repay or prepay Loans, or make investments in assets to be used in their businesses, in each case as necessary to avoid any mandatory redemption, repurchase or prepayment (i) referred to in the proviso to clause (c) of the definition of “Disqualified Equity Interest” or (ii) pursuant to the terms of any Permitted Non-ABL Indebtedness.
Appears in 8 contracts
Sources: Amendment No. 2 to the Revolving Credit Agreement (Victoria's Secret & Co.), Amendment to Revolving Credit Agreement (Bath & Body Works, Inc.), Amended and Restated Revolving Credit Agreement (Bath & Body Works, Inc.)
Prepayment Avoidance. The Company will, and will cause each Consolidated Subsidiary to, either repay or prepay Loans, or make investments in assets to be used in their businesses, in each case as necessary to avoid any mandatory redemption, repurchase or prepayment (i) referred to in the proviso to clause (c) of the definition of “Disqualified Equity Interest” or the proviso to clause (iig) pursuant to the terms of any Permitted Non-ABL IndebtednessSection 5.08.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (L Brands, Inc.), Amendment and Restatement Agreement (L Brands, Inc.)
Prepayment Avoidance. The Company Borrower will, and will cause each Consolidated Subsidiary to, either repay or prepay Loans, or make investments in assets to be used in their businesses, in each case as necessary to avoid any mandatory redemption, repurchase or prepayment (i) referred to in the proviso to clause (c) of the definition of “Disqualified Equity Interest” or the proviso to clause (iig) pursuant to the terms of any Permitted Non-ABL IndebtednessSection 5.08.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Limited Brands Inc), Amendment and Restatement Agreement (Limited Brands Inc)
Prepayment Avoidance. The Company will, and will cause each Consolidated Subsidiary to, either repay or prepay Loans, or make investments in assets to be used in their businesses, in each case as necessary to avoid any mandatory redemption, repurchase or prepayment (i) referred to in the proviso to clause (c) of the definition of “Disqualified Equity Interest” or the proviso to clause (iig) pursuant to the terms of any Permitted Non-ABL IndebtednessSection 5.08.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (L Brands, Inc.)