Second Lien Debt. No Restricted Party shall make any principal payment or prepayment on the Second Lien Debt: (a) if a Default has occurred and is continuing or would result from doing so; and (b) with respect to any principal prepayment, the Total Net Debt Ratio is not greater than 2.50 to 1 after giving effect to such prepayment, as evidenced by a Compliance Certificate on a pro forma basis provided to the Agent at least 10 days prior to such prepayment.
Appears in 2 contracts
Sources: Credit Agreement (Iamgold Corp), Credit Agreement (Iamgold Corp)