Common use of Prepayments of Certain Indebtedness Clause in Contracts

Prepayments of Certain Indebtedness. The Borrower shall not, nor shall it permit any Restricted Subsidiary to, directly or indirectly, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any portion of, except to the extent provided in Section 7.06(e), any Convertible Subordinated Notes or other Indebtedness that is subordinated to the Obligations, unless no Default or Event of Default has occurred and is continuing or would result therefrom.

Appears in 3 contracts

Samples: Credit Agreement (Equinix Inc), Credit Agreement (Equinix Inc), Credit Agreement (Equinix Inc)

AutoNDA by SimpleDocs

Prepayments of Certain Indebtedness. The Borrower shall not, nor and shall it not permit any Restricted Subsidiary to, directly or indirectly, prepayrepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make manner any payment in violation of any subordination terms of, any portion ofSubordinated Indebtedness, except for the payment of regularly scheduled principal, interest and mandatory prepayments and ‘AHYDO’ payments with respect thereto, in each case, subject to the extent provided in Section 7.06(e), any Convertible terms of the intercreditor arrangement applicable to such Subordinated Notes or other Indebtedness that is subordinated to the Obligations, unless no Default or Event of Default has occurred and is continuing or would result therefromIndebtedness.

Appears in 1 contract

Samples: Credit Agreement (Amber Road, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.