Common use of Prepayment of Other Indebtedness Clause in Contracts

Prepayment of Other Indebtedness. The Borrower will not, and will not permit any Subsidiary to (a) make voluntary prepayments of principal or interest on any other of the Borrower’s or such Subsidiary’s Indebtedness except (i) as expressly provided herein, (ii) prepayments of principal or interest secured by liens on Property sold in accordance with Section 6.13 hereof, or (iii) in an amount not to exceed $10,000,000 in the aggregate for Borrower and its Subsidiaries during any fiscal year of Borrower during the term hereof; or (b) amend or obtain or grant a waiver of any term of any of such Indebtedness, without the prior written consent of the Required Lenders other than in respect of inter-company transfers or inter-company Indebtedness not otherwise prohibited hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Shaw Group Inc), Assignment Agreement (Shaw Group Inc)

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Prepayment of Other Indebtedness. The Borrower will not, and will not permit any Subsidiary to (a) make voluntary prepayments of principal or interest on any other of the Borrower’s 's or such Subsidiary’s 's Indebtedness except (i) as expressly provided herein, (ii) prepayments of principal or interest secured by liens on Property sold in accordance with Section 6.13 hereof, or (iii) in an amount not to exceed $10,000,000 5,000,000 in the aggregate for Borrower and its Subsidiaries during any fiscal year of Borrower during the term hereof; or (b) amend or obtain or grant a waiver of any term of any of such Indebtedness, without the prior written consent of the Required Lenders other than in respect of inter-company transfers or inter-company Indebtedness not otherwise prohibited hereunder.

Appears in 1 contract

Samples: Assignment Agreement (Shaw Group Inc)

Prepayment of Other Indebtedness. The Borrower will not, and will not permit any Subsidiary to (a) make voluntary prepayments of principal or interest on any other of the Borrower’s or such Subsidiary’s Indebtedness except (i) as expressly provided herein, (ii) prepayments of principal or interest secured by liens on Property sold in accordance with Section 6.13 hereof, or (iii) in an amount not to exceed (A) $25,000,000 in the aggregate for Borrower and its Subsidiaries during the fiscal year 2010 and (B) $10,000,000 in the aggregate for Borrower and its Subsidiaries during any other fiscal year of Borrower during the term hereof; or (b) amend or obtain or grant a waiver of any term of any of such Indebtedness, without the prior written consent of the Required Lenders other than in respect of inter-company transfers or inter-company Indebtedness not otherwise prohibited hereunder.

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

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Prepayment of Other Indebtedness. The Borrower will not, and will not permit any Subsidiary to (ai) make voluntary prepayments of principal or interest on any other of the Borrower’s 's or such Subsidiary’s 's Indebtedness except (iA) as expressly provided herein, (iiB) prepayments of principal or interest secured by liens on Property sold in accordance with Section 6.13 hereof, or (iiiC) in an amount not to exceed four million and no/100 dollars ($10,000,000 4,000,000) in the aggregate for Borrower and its Subsidiaries during any fiscal year of Borrower during the term hereof; or (bii) amend or obtain or grant a waiver of any term of any of such Indebtedness, without the prior written consent of the Required Lenders other than in respect of inter-company transfers or inter-company Indebtedness not otherwise prohibited hereunder.

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

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