Common use of Restriction on Payment Clause in Contracts

Restriction on Payment. Second Lien Liabilities Prior to the Senior Discharge Date, the Debtors and the Third Party Security Providers shall not, and the Parent shall procure that no other member of the Group will, make any Payment of the Second Lien Liabilities at any time unless:

Appears in 2 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

AutoNDA by SimpleDocs

Restriction on Payment. Second Lien Liabilities Prior to the Senior Discharge Date, the Debtors and the Third Party Security Providers shall not, and the Parent shall procure that no other member of the Group will, make any Payment of the Second Lien Liabilities at any time unless:

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Paysafe LTD)

AutoNDA by SimpleDocs

Restriction on Payment. Permitted Second Lien Financing Liabilities Prior to the Senior Discharge Date, the Debtors and the Third Party Security Providers shall not, and the Parent shall procure that no other member of the Group will, make any Payment of the Permitted Second Lien Financing Liabilities at any time unless:

Appears in 1 contract

Samples: Project Albion Intercreditor Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.