Debt Payment definition

Debt Payment is defined in Section 3.1.3.

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Debt Payment means any payment or distribution by or on behalf of the Company, directly or indirectly, of assets of the Company of any kind or character, whether in cash, property or securities, including on account of the purchase, redemption or other acquisition of any Obligations, as a result of any collection, sale or other disposition of Collateral, or by setoff, exchange or in any other manner, for or on account of any Obligations; provided, however, that, conversion of any part of a Note in accordance with its terms shall not be considered a Debt Payment.

Debt Payment has the meaning give in Section 2.4.

Examples of Debt Payment in a sentence

• It is understood and agreed that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition and/or Affiliate transaction need not be permitted solely by reference to one category of permitted Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition and/or Affiliate transaction under Sections 6.01, 6.02, 6.04, 6.05, 6.06, 6.07 or 6.09, respectively, but may instead be permitted in part under any combination thereof.

• At any time, directly or indirectly, pay, prepay, repurchase, redeem, retire or otherwise acquire, or make any payment on account of any principal of, interest on or premium payable in connection with the repayment or redemption of the Seller Subordinated Debt unless the Seller Subordinated Debt Payment Conditions are satisfied.

• It is understood and agreed that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment and/or Disposition need not be permitted solely by reference to one category of permitted Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment and/or Disposition under Sections 6.01, 6.02, 6.04, 6.06 or 6.07, respectively, but may instead be permitted in part under any combination thereof or under any other available exception.

• During the existence of an Event of Default (or if any Event of Default would exist immediately after the making of a Subordinated Debt Payment), and until such Event of Default is cured or waived, such Guarantor shall not make, accept or receive any Subordinated Debt Payment.

• It is understood and agreed that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition and/or Affiliate transaction need not be permitted solely by reference to one category of permitted Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition and/or Affiliate transaction under Article VI, Article II or the definition of “Incremental Cap,” respectively, but may instead be permitted in part under any combination thereof.

More Definitions of Debt Payment

Debt Payment means a charge payable by a PS Gas Supplier in respect of PS

Debt Payment means and include all cash expended or required by any Borrower to make (a) interest payments, or interest accrued but unpaid, on the Advances hereunder, plus (b) payments for all Letter of Credit Fees, plus (c) payments with respect to any Indebtedness for borrowed money, plus (d) payments made with respect to Capitalized Lease Obligations.

Debt Payment means a payment in the amount of One Million Seven Hundred Fifty Thousand Dollars ($1,750,000) made to Eastward Capital Partners on behalf of the Seller for the repayment of indebtedness of Seller.

Debt Payment. Section 3.1 "Contracts" Section 5.7 "Excess Amount" Section 11.3 "Final Termination Date" Section 13.1(d) "Financial Statements" Section 5.2.1 "Financing" Section 8.5 "Financing Source" Section 8.5 "HSR Act" Section 6.1.3 "Indemnifying Party" Section 11.1 "Indemnitee" Section 11.1 "Individual Sellers" Section 14.6 "Interim Financials" Section 5.2.1 "IRS" Section 5.11 "Leases" Section 5.5.2 "Licenses" Section 5.6 "Options" Recitals "Permits" Section 5.10 "Personalty Leases" Section 5.5.1 "Purchase" Recitals "Purchase Price" Section 3.1 "Real Property" Section 5.5.2 "Reserved Claims" Section 11.2 "Securities Act" Section 6.3 "Seller" Preamble "Sellers" Preamble "Seller Indemnitee" Section 11.1 "Seller's Percentage" Section 3.1 "Selling Party" Preamble "Shares" Recitals "Warrants" Recitals

Debt Payment means any payment or distribution by or on behalf of any Note Party, directly or indirectly, of assets of any Note Party of any kind or character, whether in cash, property or securities, on account of the Notes (including the purchase, redemption or other acquisition thereof) or any other Loan Document, or by setoff, exchange or in any other manner; provided, however, that, conversion of any part of a Note shall not be considered a Debt Payment.

Debt Payment means all amounts paid by the Company to release the guarantees and bonding of the CSS Parties related to the Company.

Debt Payment means, any payment or distribution of cash, securities or other property (including, without limitation, direct or indirect equity interests in, and/or debt or equity investment rights in, any Grantor received in an Insolvency or Liquidation Proceeding), by set-off or otherwise, on or in respect of any Obligations, including, without limitation, for the avoidance of doubt, payments of (i) costs and expenses payable to any Holder under any Financing Agreement and (ii) regularly scheduled payment of interest due and payable on a non-accelerated basis in accordance with the terms of the Financing Agreements.