Junior Payment definition

Junior Payment means any principal payment on any Additional Indebtedness.

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Junior Payment means, with respect to any Junior Debt, (a) any payment or distribution by any party of cash, securities, or other form of property, including by the exercise of a right of set-off or in any other manner, on account of such Junior Debt, or (b) any redemption, purchase or other acquisition of such Junior Debt by any party.

Junior Payment has the meaning given to such term in Section 6.6.

Examples of Junior Payment in a sentence

• From and after the occurrence of any Amortization Event, Seller will not make any Restricted Junior Payment if, after giving effect thereto, Seller would fail to meet its obligations set forth in Section 7.2(e).

• Neither Company nor any of its Subsidiaries has directly or indirectly declared, ordered, paid or made, or set apart any sum or property for, any Restricted Junior Payment or agreed to do so except as permitted by subsection 7.5.

• Notwithstanding the foregoing, in no event shall any Credit Party make any Investment which results in or facilitates in any manner any Restricted Junior Payment not otherwise permitted under the terms of Section 6.4.

• Notwithstanding the foregoing, in no event shall any Credit Party make any Investment which results in or facilitates in any manner any Restricted Junior Payment not otherwise permitted under the terms of Section 6.5.

• The Seller shall not make any Restricted Junior Payment, except that, so long as no Termination Event or Unmatured Termination Event has occurred and is continuing or would result therefrom, the Seller may declare and make distributions to its members on their membership interests.

• Borrower will not make any Restricted Junior Payment if after giving effect thereto, Borrower’s Net Worth (as defined in the Receivables Sale Agreement) would be less than the Required Capital Amount (as defined in the Receivables Sale Agreement).

• Notwithstanding the foregoing, in no event shall any Loan Party make any Investment which results in or facilitates in any manner any Restricted Junior Payment not otherwise permitted under the terms of Section 6.04.

• The Borrower shall not make any Restricted Junior Payment, except that, so long as no Event of Default or Unmatured Event of Default has occurred or would result therefrom, the Borrower may declare and make distributions to its member on its membership interests.

• From and after the occurrence of any Amortization Event, no Seller will make any Restricted Junior Payment if, after giving effect thereto, such Seller would fail to meet its obligations set forth in Section 7.2(e).

• Seller will not make any Restricted Junior Payment if after giving effect thereto, Seller’s Net Worth (as defined in the Receivables Sale Agreement) would be less than the Required Capital Amount (as defined in the Receivables Sale Agreement).

More Definitions of Junior Payment

Junior Payment means (a) any Restricted Payment and (b) any optional repurchase, prepayment, defeasance or redemption made in cash of Permitted Unsecured Indebtedness.

Junior Payment means (a) any dividend or other distribution, direct or indirect, on account of, or any repurchase or redemption of, any shares of any class of stock of Holdings or any options or warrants or other rights in respect thereof, other than a dividend or other distribution payable solely in shares of common stock of Holdings or options, warrants or other rights to acquire the same, other than any repurchase or redemption in connection with any employee stock ownership plan or any other plan or program for the benefit of employees, officers or directors of Holdings and the Subsidiaries, or (b) any voluntary prepayment, redemption, purchase, retirement or defeasance of any Indebtedness of Holdings or any Subsidiary (other than Indebtedness owed to Holdings or any Subsidiary or the Lenders hereunder) in an aggregate principal amount greater than US$15,000,000.

Junior Payment means a Restricted Payment or a Junior Debt Payment

Junior Payment has the meaning specified in paragraph (l)(ii)(A).

Junior Payment has the meaning specified in Section 12.2(2) hereof. --------------