Common use of Restrictions on Payment of Borrowed Money Clause in Contracts

Restrictions on Payment of Borrowed Money. Make any payments (whether voluntary or mandatory, or a prepayment, redemption, retirement, defeasance or acquisition) with respect to any Borrowed Money in excess of the Threshold Amount (other than the Obligations) prior to its scheduled due date under the agreements evidencing such Indebtedness as in effect on the Closing Date (or as amended thereafter with the consent of the Administrative Agent).

Appears in 3 contracts

Samples: Security and Pledge Agreement (Imation Corp), Credit Agreement (Imation Corp), Credit Agreement (Imation Corp)

AutoNDA by SimpleDocs

Restrictions on Payment of Borrowed Money. Make any payments (whether voluntary or mandatory, or a prepayment, redemption, retirement, defeasance or acquisition) with respect to any Borrowed Money in excess of the Threshold Amount (other than the Obligations) prior to its scheduled due date under the agreements evidencing such Indebtedness 108 as in effect on the Closing Date (or as amended thereafter with the consent of the Administrative Agent).

Appears in 1 contract

Samples: Credit Agreement (Imation Corp)

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