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 (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as long as no Event of Default then exists, repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, and (c) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than Subordinated Indebtedness) as long as the Payment Conditions are satisfied.

Appears in 2 contracts

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

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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 exists, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (b) repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (c) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than but excluding on account of any Subordinated Indebtedness) as long as the Payment Conditions are satisfied, (d) payments of the Obligations, (e) payments of the Revolving Obligations that are permitted or required to be made in accordance with the Revolving Loan Documents and (f) refinancings and refundings of such Indebtedness in compliance with this Agreement.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Stein Mart 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) payment in respect of the Obligations, (b) as long as no Event of Default then exists, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (bc) as long as no Event of Default then exists, repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, and (cd) voluntary prepayments, repurchases, redemptions or defeasances or other satisfaction of Permitted Indebtedness (other than but excluding any payment in violation of any subordination terms of any Subordinated Indebtedness) as long as the Payment Conditions are satisfied, (e) payment of Permitted Indebtedness to the extent such payment is in kind, and (f) refinancings and refundings of such Indebtedness to the extent permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Foot Locker 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 exists, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (b) repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (c) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than but excluding on account of any Subordinated Indebtedness) as long as the Payment Conditions are satisfiedno Default or no Event of Default then exists, and (d) refinancings and refundings of such Indebtedness in compliance with this Agreement.

Appears in 1 contract

Samples: Master Loan Agreement (Stein Mart 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 occur as a result of any such payment, regularly scheduled or mandatory (i) any repayments, (ii) prepayments, repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as long as no Event of Default then exists, repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereofthereof (which subordination terms shall have been approved by the Required Lenders in writing), and (c) voluntary prepayments, repurchases, redemptions or defeasances refinancings and refundings of Permitted such Indebtedness (other than Subordinated Indebtedness) as long as to the Payment Conditions are satisfiedextent permitted pursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Valuevision Media 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 and is continuing, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as long as no Event of Default then existsexists and is continuing, repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, and (c) [reserved], (d) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than but excluding on account of any Subordinated Indebtedness) as long as the Tier I Payment Conditions are satisfied, and (e) refinancings and refundings of such Indebtedness in compliance with Section 7.02(e).

Appears in 1 contract

Samples: Credit Agreement (Hamilton Beach Brands Holding Co)

Prepayments of Indebtedness. (a) Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any IndebtednessIndebtedness (other than Term Loan Obligations, as set forth in clause (b) below), or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (ai) as long as no Event of Default then exists, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated IndebtednessIndebtedness and other than Term Loan Obligations), (b) as so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (ii) repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (ciii) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than but excluding on account of any Subordinated IndebtednessIndebtedness and the Term Loan Obligations) as long as the Payment Conditions are satisfied, and (iv) refinancings and refundings of such Indebtedness in compliance with this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Stein Mart 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 exists, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (b) repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (c) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than but excluding on account of any Subordinated Indebtedness) as long as the Payment Conditions are satisfied, and (d) refinancings and refundings of such Indebtedness in compliance with this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Stein Mart 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 exists, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (b) repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, so long as on the date of any such payment and after giving effect thereto, no Default or no Event of Default then exists, (c) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than but excluding on account of any Subordinated Indebtedness) as long as the Payment Conditions are satisfied, and (d) refinancings and refundings of such Indebtedness in compliance with Section 7.02(e).

Appears in 1 contract

Samples: Credit Agreement (Stein Mart 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 exists, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as long as no Event of Default then exists, repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, and (c) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than but excluding on account of any Subordinated Indebtedness) as long as the Payment Conditions are satisfied, and (d) refinancings and refundings of such Indebtedness in compliance with Section 7.02(e).

Appears in 1 contract

Samples: Credit Agreement (Big 5 Sporting Goods 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 exists, regularly scheduled or mandatory (i) repayments, (ii) repurchases, (iii) redemptions or (iv) defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (b) as long as no Event of Default then exists, repayments and prepayments of Subordinated Indebtedness in accordance with the subordination terms thereof, and (c) voluntary prepayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than but excluding on account of any Subordinated Indebtedness) as long as the Payment Conditions are satisfied, and (d) Permitted Refinancings of any such Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Wet Seal Inc)

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