Prepayments of Debt. The Borrower shall not, nor shall it permit any of its Subsidiaries to, 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 Debt (including but not limited to the Series A Preferred Shares), except (a) the prepayment of the Advances in accordance with the terms of this Agreement, (b) regularly scheduled or required repayments or redemptions of Debt permitted under Section 6.02 other than Debt under the Series A Preferred Shares, (c) so long as no Event of Default exists or would result therefrom, regularly scheduled or required repayments or redemptions of Debt under the Series A Preferred Shares, (d) Restricted Payments in respect of the Series A Preferred Shares in compliance with Section 6.05, and (e) so long as no Event of Default exists or would result therefrom, other prepayments of Debt permitted under Section 6.02 other than Debt under the Series A Preferred Shares.
Appears in 6 contracts
Samples: Credit Agreement (Resaca Exploitation, Inc.), Credit Agreement (Resaca Exploitation, Inc.), Credit Agreement (Resaca Exploitation, Inc.)
