Repayment of Indebtedness Clause Samples

Repayment of Indebtedness. Except as disclosed in the Disclosure Package and the Prospectus, neither the Company nor the Operating Partnership intends to use any of the proceeds from the sale of the Securities to repay any debt owed to any Underwriter or any affiliate thereof.

Repayment of Indebtedness. In connection with and conditioned upon the Effective Time, Parent shall provide and make available to the Company in immediately available funds an amount equal to that which is necessary for the Company and its Subsidiaries to repay and discharge in full all amounts outstanding or otherwise due and owing pursuant to the terms of the Existing Credit Agreement (including, without limitation, the pledge or deposit of cash collateral or issuance of backstop letters of credit in respect of the Company’s or any of its Subsidiaries’ existing letters of credit) (the “Company Debt”) in accordance with the Payoff Letter relating thereto, including accrued interest thereon and all fees and other obligations (including premiums, make-whole amounts, penalties or other charges or amounts that become payable thereunder as a result of the prepayment thereunder or the consummation of the transactions contemplated at the Closing or that may become due and payable at the Effective Time) of the Company or any of its Subsidiaries thereunder (collectively, the “Debt Payoff Amount”) and cause all Liens related to the Debt Payoff Amount to be terminated (other than the pledge or deposit of cash collateral in respect of the Company’s or any of its Subsidiaries’ existing letters of credit) in accordance with the Payoff Letter relating thereto. Subject to Parent’s compliance with the previous sentence, the Company shall pay (or shall cause to be paid) the Debt Payoff Amount to the Persons specified in the relevant Payoff Letter as promptly as practicable following the date the Company receives such Debt Payoff Amount, but no sooner than the Effective Time. The Company shall, on or prior to the Closing Date, provide Parent with a customary payoff letter (the “Payoff Letter”) from the agents on behalf of the financial institutions or other lenders party to the Existing Credit Agreement, which Payoff Letter shall set forth the aggregate amount required to satisfy in full all such indebtedness of the Company or any of its Subsidiaries under the Existing Credit Agreement to be discharged at the Closing, together with pay-off instructions for making such repayment on the Closing Date.

Repayment of Indebtedness. The Company shall not make any voluntary cash prepayments on any Indebtedness at any time while any amounts are owing under the Note other than cash payments the Company is required to make pursuant to the express terms thereof existing on the date hereof.

Repayment of Indebtedness. Prior to the Pricing Date, the STOCKHOLDERS shall have repaid the COMPANY (including the Company's Subsidiaries) in full all amounts owing by the STOCKHOLDERS to the COMPANY (including the COMPANY's Subsidiaries).

Repayment of Indebtedness. Repay in accordance with its terms, all Indebtedness, including without limitation, all sums due under this Agreement and the other Financing Agreements but, in the case of any such Indebtedness with a repayment that is limited by any term of any Financing Agreement, repay subject to such limitation.

Repayment of Indebtedness. Prior to the Closing Date, the STOCKHOLDERS ------------------------- shall have repaid the COMPANY in full all amounts owing by the STOCKHOLDERS to the COMPANY.

Repayment of Indebtedness. Prior to the Closing Date, the STOCKHOLDERS shall have repaid the COMPANY in full all amounts owing by the STOCKHOLDERS to the COMPANY.

Repayment of Indebtedness. Prior to the Closing Date, the Shareholders shall have repaid the Seller in full all amounts owing by the Shareholders or employees of the Seller to the Seller.

Repayment of Indebtedness. Repay any principal due and owing on any promissory notes, debentures, or other forms of indebtedness, other than (i) periodic interest payments due and owing thereunder; (ii) repayment due of any principal amount or interest due or becoming due under this Debenture; and (iii) repayment of the indebtedness set forth in Schedule 4.9 to the Purchase Agreement; provided, nothing contained in this section shall prohibit the Company from making any payments with respect to trade payables made in the ordinary course of the Company's business;