Common use of Prepayments of Indebtedness Clause in Contracts

Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (a) as long as no Event of Default then exists, regularly scheduled or mandatory repayments or redemptions of Permitted Indebtedness, (b) so long as the Payment Conditions have been met, prepayments of Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness), and (c) refinancings and refundings of such Indebtedness in compliance with the definition of Permitted Indebtedness.

Appears in 4 contracts

Samples: Credit Agreement (Alco Stores Inc), Credit Agreement (Duckwall Alco Stores Inc), Credit Agreement (Duckwall Alco Stores Inc)

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Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (a) as long as no Event of Default then existsexists or would result therefrom, regularly scheduled or mandatory repayments repayments, repurchases, redemptions or redemptions defeasances of Permitted Indebtedness, (b) so long as the Payment Conditions have been metvoluntary prepayments, prepayments repurchases, redemptions or defeasances of Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness)) as long as the Payment Conditions are satisfied, and (c) refinancings and refundings of such Indebtedness in compliance with the definition of Permitted IndebtednessSection 7.03.

Appears in 3 contracts

Samples: Credit Agreement (Coldwater Creek Inc), Credit Agreement (Coldwater Creek Inc), Credit Agreement (Coldwater Creek Inc)

Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (a) as long as no Default or Event of Default then exists, regularly scheduled or mandatory repayments repayments, repurchases, redemptions or redemptions defeasances of Permitted Indebtedness, (b) so voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness as long as the Payment Conditions have been met, prepayments of Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness)are satisfied, and (c) refinancings and refundings Permitted Refinancings of any such Indebtedness in compliance with the definition of Permitted Indebtedness.

Appears in 3 contracts

Samples: Credit Agreement (Destination Xl Group, Inc.), Credit Agreement (Christopher & Banks Corp), Credit Agreement (Destination Xl Group, Inc.)

Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (a) as long as no Event of Default then existsexists or would result therefrom, regularly scheduled or mandatory repayments repayments, repurchases, redemptions or redemptions of Permitted Indebtedness, (b) so long as the Payment Conditions have been met, prepayments defeasances of Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness)) or (b) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness) and (c) refinancings and refundings of such Indebtedness in compliance with the definition of Permitted IndebtednessSection 7.03.

Appears in 2 contracts

Samples: Credit Agreement (Iparty Corp), Credit Agreement (Iparty Corp)

Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (a) as long as no Event of Default then existsexists or would result therefrom, regularly scheduled or mandatory repayments repayments, repurchases, redemptions or redemptions defeasances of Permitted Indebtedness, (b) so long as the Payment Conditions have been metvoluntary prepayments, prepayments repurchases, redemptions or defeasances of Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness)) as long as the Payment Conditions are satisfied, and (c) refinancings and refundings of such Indebtedness in compliance with the definition Section 7.03, and (d) prepayment of Permitted Indebtednessintercompany Indebtedness among Loan Parties.

Appears in 2 contracts

Samples: Credit Agreement (A.C. Moore Arts & Crafts, Inc.), Credit Agreement (A.C. Moore Arts & Crafts, Inc.)

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Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (a) as long as no Default or Event of Default then existsexists or would arise therefrom, regularly scheduled or mandatory repayments repayments, repurchases, redemptions or redemptions defeasances of Permitted Indebtedness, and (b) so long as the Payment Conditions have been metvoluntary prepayments, prepayments repurchases, redemptions or defeasances of Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness)) as long as the Payment Conditions are satisfied, and (c) refinancings and refundings of such Indebtedness in compliance with to the definition of Permitted Indebtednessextent permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Tuesday Morning Corp/De)

Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated IndebtednessIndebtedness for borrowed money, except (a) as long as no Default or Event of Default then exists, regularly scheduled or mandatory repayments repayments, repurchases, redemptions or redemptions defeasances of Permitted Indebtedness, (b) so as long as the Payment Conditions have been metare satisfied, prepayments voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness), and (c) refinancings Permitted Refinancings of any such Indebtedness, (d) payments of the Obligations and refundings (e) payments of such Indebtedness in compliance with Revolver Obligations that are permitted or required to be made pursuant to the definition of Permitted IndebtednessRevolver Loan Documents.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Sears Hometown & Outlet Stores, Inc.)

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