Common use of Restriction on Prepayment Clause in Contracts

Restriction on Prepayment. The provisions of Clause 8.1 (Change of Control), Clause 8.2 (Excess Cash Flow) or Clause 8.3 (Take-Out Financing and Net Cash Proceeds) are subject to the terms of the Intercreditor Agreement. Any amount which would otherwise be required by such provisions to be applied in prepayment of the Loans shall only be so applied (notwithstanding the relevant provision of this Agreement) if and to the extent that it is permitted under the Intercreditor Agreement.

Appears in 3 contracts

Sources: Senior Facilities Agreement (Atlas Investissement), Senior Facilities Agreement (Atlas Investissement), Senior Facilities Agreement (Atlas Investissement)