Common use of Prepayment of Debt Clause in Contracts

Prepayment of Debt. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Debt, except the Obligations under the Loan Documents.

Appears in 4 contracts

Samples: Credit Agreement (Victory Energy Corp), Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

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Prepayment of Debt. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Debt, except (i) the Obligations under the Loan Documents, and (ii) so long as no Default or Borrowing Base Deficiency exists at the time of such payments, payments of accrued interest, when due and payable, in respect of Debt permitted by Section 8.1(g).

Appears in 2 contracts

Samples: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

Prepayment of Debt. Borrower shall notwill not prepay, and shall not nor permit any of its Subsidiaries toto prepay, directly or indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Debt, Debt except the Obligations under the Loan DocumentsObligations.

Appears in 1 contract

Samples: Loan Agreement (Prime Medical Services Inc /Tx/)

Prepayment of Debt. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Debt, except the Obligations under the Loan DocumentsObligations.

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

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Prepayment of Debt. Such Borrower shall notwill not prepay, and shall will not permit any of its Subsidiaries toto prepay, directly or indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Debt, except the Obligations under the Loan DocumentsObligations.

Appears in 1 contract

Samples: Loan Agreement (Marcum Natural Gas Services Inc/New)

Prepayment of Debt. No Borrower shall, nor shall not, and shall not it permit any of its Subsidiaries to, directly or indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Debt, except the Obligations under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Sunnova Energy International Inc.)

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