Common use of Repayment of Certain Indebtedness Clause in Contracts

Repayment of Certain Indebtedness. No Loan Party shall or shall permit any Subsidiary to repay the 2013 Bonds or the 2014 Bonds (or any Permitted Refinancing Debt with respect to any of the foregoing), any Indebtedness incurred pursuant to Section 8.2.1(ii)(j), any subordinated Indebtedness (in the case of seller subordinated notes permitted by Section 8.2.1(ii)(b), except to the extent permitted by Section 8.2.1(ii)(b)) or any Permitted Indebtedness (whether subordinated or unsubordinated) (such Indebtedness, the “Specified Indebtedness”), without the written consent of the Required Banks except, in each case, (w) with Permitted Refinancing Debt thereof, (x) upon scheduled maturity or as otherwise required by the terms thereof, or (y) any such payment, if after giving pro forma effect to such payment, Availability of the Loan Parties would equal or exceed $300,000,000; provided that no such repayment of Specified Indebtedness may be made if an Event of Default shall have occurred and be continuing or would result from such repayment.

Repayment of Certain Indebtedness. No Loan Party shall or shall permit any Subsidiary to repay the 2013 Bonds or the 2014 Bonds (or any Permitted Refinancing Debt with respect to any of the foregoing), any Indebtedness incurred pursuant to Section 8.2.1(ii)(j), any subordinated Indebtedness (in the case of seller subordinated notes permitted by Section 8.2.1(ii)(b), except to the extent permitted by Section 8.2.1(ii)(b)) or any Permitted Indebtedness (whether subordinated or unsubordinated) (such Indebtedness, the “Specified Indebtedness”), without the written consent of the Required Banks except, in each case, (w) with Permitted Refinancing Debt thereof, (x) upon scheduled maturity or as otherwise required by the terms thereof, or (y) any such payment, if after giving pro forma effect to such payment, Availability of the Loan Parties would equal or exceed $300,000,000; provided that no such repayment of Specified Indebtedness may be made if an Event of Default (other than any Aerostructures Filing Event of Default) shall have occurred and be continuing or would result from such repayment; provided further that no such repayment of Specified Indebtedness may be made during the Covenant Restriction Period other than in connection with any Permitted Refinancing Debt with respect thereto.

Repayment of Certain Indebtedness. No Loan Party shall or shall permit any Subsidiary to repay the 2013 Bonds or the 2014 Bonds (or any Permitted Refinancing Debt with respect to any of the foregoing), any Indebtedness incurred pursuant to Section 8.2.1(ii)(j), ) or any subordinated Indebtedness (in the case of seller subordinated notes permitted by Section 8.2.1(ii)(b), except to the extent permitted by Section 8.2.1(ii)(b)) or any Permitted Indebtedness (whether subordinated or unsubordinated) (such Indebtedness, the “"Specified Indebtedness”"), without the written consent of the Required Banks except, in each case, (w) with Permitted Refinancing Debt thereof, (x) upon scheduled maturity or as otherwise required by the terms thereof, or (y) any 108 such payment, if after giving pro forma effect to such payment, Availability of the Loan Parties would equal or exceed $300,000,000; provided that no such repayment of Specified Indebtedness may be made if an Event of Default shall have occurred and be continuing or would result from such repayment; provided further that no such repayment of Specified Indebtedness may be made during the Covenant Restriction Period other than in connection with any Permitted Refinancing Debt with respect thereto.

Repayment of Certain Indebtedness. No Loan Party shall or shall permit any Subsidiary to repay the 2013 2014 Bonds or the 2014 2017 Bonds (or any Permitted Refinancing Debt with respect to any of the foregoing), any Indebtedness incurred pursuant to Section 8.2.1(ii)(j), any subordinated Indebtedness (in the case of seller subordinated notes permitted by Section 8.2.1(ii)(b), except to the extent permitted by Section 8.2.1(ii)(b)) or the Second Lien Notes (or any Permitted Indebtedness (whether subordinated or unsubordinatedRefinancing Debt with respect thereto) (such Indebtedness, the “Specified Indebtedness”), without the written consent of the Required Banks except, in each case, (w) with Permitted Refinancing Debt thereof, (x) upon scheduled maturity or as otherwise required by the terms thereof, or (y) any such payment, if after giving pro forma effect to such payment, (1) the Borrowers are in compliance with the covenants set forth in Sections 8.2.15, 8.2.16 and 8.2.17, (2) Availability of is not less than $300,000,000.00 and (3) the Loan Parties would equal or exceed $300,000,000Total Gross Leverage Ratio is less than 4.50 to 1.00; provided that no such repayment of Specified Indebtedness may be made if an Event of Default shall have occurred and be continuing or would result from such repayment.

Repayment of Certain Indebtedness. No Loan Party shall or shall permit any Subsidiary to repay the 2013 Bonds or the 2014 Bonds (or any Permitted Refinancing Debt with respect to any of the foregoing), any Indebtedness incurred pursuant to Section 8.2.1(ii)(j), ) or any subordinated Indebtedness (in the case of seller subordinated notes permitted by Section 8.2.1(ii)(b), except to the extent permitted by Section 8.2.1(ii)(b)) or any Permitted Indebtedness (whether subordinated or unsubordinated) (such Indebtedness, the “"Specified Indebtedness”"), without the written consent of the Required Banks except, in each case, (w) with Permitted Refinancing Debt thereof, (x) upon scheduled maturity or as otherwise required by the terms thereof, or (y) any such payment, if after giving pro forma effect to such payment, Availability of the Loan Parties would equal or exceed $300,000,000; provided that no such repayment of Specified Indebtedness may be made if an Event of Default shall have occurred and be continuing or would result from such repayment; provided further that no such repayment of Specified Indebtedness may be made during the Covenant Restriction Period other than in connection with any Permitted Refinancing Debt with respect thereto.