Limitations on Debt Prepayments. (a) Optionally prepay, repurchase or redeem or otherwise defease or segregate funds (collectively, "repay") with respect to any Indebtedness for borrowed money of the Borrower or ------ any of the Subsidiaries; provided, however, that the Borrower and any Subsidiary -------- ------- shall be permitted (i) to make any payment permitted or required pursuant to any Loan Document or any SLP Loan Document, (ii) so long as no Default or Event of Default shall have occurred and be continuing, to repay any intercompany Indebtedness permitted pursuant to Section 7.01, (iii) to refinance or replace any Indebtedness as otherwise permitted hereunder and (iv) to repay, on a voluntary basis, all or any portion of the Subordinated Notes, the Senior Notes or the First Mortgage Notes, in each case, having a final maturity prior to December 31, 2002 (or if all such Indebtedness has been repaid or refinanced pursuant to Section 7.01(f), the Senior Notes due 2004) in an aggregate amount, --------------- including any premium paid in connection therewith, not in excess of the sum of (A) $400,000,000, provided that such amount shall increase to $800,000,000 so -------- long as, according to the most recent quarterly financial statement delivered pursuant to Section 6.04(b) of this Agreement, the Consolidated Leverage Ratio, --------------- before and after giving effect to such repayment, is less than 3.00 to 1.00, (B) the Net Cash Proceeds from the issuance of capital stock to, or the contribution of capital from, SSCC after the Restatement Date, (C) the Net Cash Proceeds of any Asset Sale that the Borrower has elected to apply to the prepayment of such Indebtedness pursuant to the proviso to Section 2.13(b) and (D) any Prepayment --------------- Amount which the Borrower is entitled to use to prepay Indebtedness pursuant to
Limitations on Debt Prepayments. Optionally prepay, repurchase or redeem or otherwise optionally defease or segregate funds with respect to (collectively, “prepay”) any Permitted Notes or other long-term capital markets Indebtedness; provided, however, that the foregoing will not prohibit (i) any refinancing of such Indebtedness pursuant to the issuance of Permitted Refinancing Indebtedness with respect thereto that is otherwise permitted by this Agreement, (ii) the transactions effected on the Funding Date in connection with the effectiveness of, and pursuant to the terms of, the Plan of Reorganization, (iii) any repayments or prepayments in respect of obligations under the Revolving Facility and (iv) any prepayment, repurchase, redemption or defeasance of Indebtedness up to $200,000,000 in aggregate principal amount, if at the time thereof and after giving effect thereto, (A) the Consolidated Senior Secured Leverage Ratio would be less than 2.50 to 1.00 and (B) the sum of (1) the amount of availability under the Revolving Facility and (2) the aggregate amount of all unrestricted cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries shall not be less than $350,000,000.
Limitations on Debt Prepayments. 95 SECTION 7.10. Amendment of Certain Documents.................................... 96 SECTION 7.11. Limitation on Leases.............................................. 96 SECTION 7.12. Subsidiaries...................................................... 97 SECTION 7.13. Capital Expenditures.............................................. 97 SECTION 7.14. Interest Expense Coverage Ratios.................................. 98 SECTION 7.15. Leverage Ratio.................................................... 98
Limitations on Debt Prepayments. (a) Optionally prepay, repurchase or redeem or otherwise defease or segregate funds with respect to any Indebtedness for borrowed money (other than Indebtedness under the Loan Documents) of JSC, JSCE, the Borrower or any of their respective Subsidiaries; provided, however, that the foregoing shall not prevent the Borrower from (i) making any payment pursuant to Section 2.12 or 2.13, (ii) refinancing all or any portion of the 1993 Senior Notes, the 8-Year Senior Notes or the 10-Year Senior Notes on terms permitted by Section 7.01(d), (iii) repurchasing all or any portion of the 10-Year Senior Notes pursuant to the call provision of the 10-Year Senior Note Indenture or (iv) optionally prepaying, redeeming or repurchasing in the open market any Indebtedness for borrowed money of the Borrower or any of its Subsidiaries not otherwise permitted under clause (i), (ii) or (iii) above in an aggregate amount not to exceed $200,000,000.
Limitations on Debt Prepayments. 93 SECTION 7.10.
Limitations on Debt Prepayments. Optionally prepay, repurchase or redeem or otherwise optionally defease or segregate funds with respect to (collectively, “prepay”) any Senior -169- Secured Notes or other Indebtedness; provided, however, that the foregoing will not prohibit (i) any refinancing of such Indebtedness pursuant to the issuance of Permitted Refinancing Indebtedness with respect thereto that is otherwise permitted by this Agreement, (ii) the transactions effected on the Effective Date in connection with the effectiveness of, and pursuant to the terms of, the Plan of Reorganization or the CCAA Plan, (iii) prepayments of Indebtedness owed between AbitibiBowaterResolute and its Subsidiaries, (iv) prepayments, repurchases, redemptions or defeasances of Indebtedness with shares of common stock of AbitibiBowaterResolute or out of the Net Proceeds from the sale of common stock of AbitibiBowaterResolute or (v) any other prepayment, repurchase, redemption or defeasance of Indebtedness so long as the Payment Conditions are satisfied both before and after giving effect to such prepayment, repurchase, redemption or defeasance, as the case may be.
Limitations on Debt Prepayments. (a) Optionally prepay, repurchase or redeem or otherwise defease or segregate funds with respect to any Indebtedness for borrowed money (including, in the case of the Borrower, the Subordinated Notes and the Tranche A Exchange Notes); PROVIDED, HOWEVER, that the foregoing shall not prevent the Borrower from (i) making any payment pursuant to Section 2.12 or 2.13, (ii) refinancing of Tranche A Exchange Notes (or Tranche A Exchange Note Refinancing Indebtedness) or the Subordinated Notes (or the Subordinated Note Refinancing Indebtedness) pursuant to, and in accordance with, the provisions of Section 7.01(g) or 7.01(h), respectively (PROVIDED that, from and after any such refinancing, this Section 7.09 shall apply to the Indebtedness incurred in connection with such refinancing) or (iii) prepaying or otherwise refinancing any Indebtedness permitted pursuant to clauses (i), (j), (l) or (m) of Section 7.01.
Limitations on Debt Prepayments. (a) Optionally prepay, repurchase or redeem or otherwise defease or segregate funds with respect to any Indebtedness for borrowed money (including, in the case of the Company, the Subordinated Notes) other than the Notes; provided, however, that the foregoing shall not prevent the Company from (i) making any payment pursuant to Section 2.12 or 2.13 of the Credit Agreement, (ii) refinancing Indebtedness under the Credit Agreement or the Subordinated Notes pursuant to, and in accordance with, the provisions of Section 7.1(g) or (h), respectively (whereupon this Section 7.9 shall apply to the Indebtedness incurred in connection with any such refinancing) or (iii) prepaying or otherwise refinancing any Indebtedness permitted in Section 7.1(i), 7.1(j), 7.1(l) or 7.1(m). Without limiting the foregoing, neither the Credit Agreement nor the Subordinated Note Indenture nor any document in respect of Credit Agreement Refinancing Indebtedness or Subordinated Note Refinancing Indebtedness shall prevent the Company from electing to apply to the optional prepayment of Notes from time to time pursuant to Section 5.2 in an aggregate amount (allocable to principal and Make-Whole Premium or Break Funding Cost, as the case may be) in each case at least equal to the Pro Rata Share of the holders of the Notes in respect of each optional prepayment of the Term Loans pursuant to Section 2.12 of the Credit Agreement (or the analogous provision in respect of Credit Agreement Refinancing Indebtedness).
Limitations on Debt Prepayments. SECTION 7.10. Amendment of Certain Documents SECTION 7.11. Limitation on Dispositions of Stock of Subsidiaries SECTION 7.12. Restrictions on Ability of Subsidiaries to Pay Dividends SECTION 7.13. Capital Expenditures SECTION 7.14. Consolidated Senior Secured Leverage Ratio SECTION 7.15. Interest Coverage Ratio SECTION 7.16. Disposition of Collateral and Other Assets SECTION 7.17. Fiscal Year
Limitations on Debt Prepayments. Optionally prepay, repurchase or redeem or otherwise optionally defease or segregate funds with respect to (collectively, “prepay”) any Specified Long-Term Indebtedness; provided, however, that (a) so long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, SSCC and any Subsidiary shall be permitted (i) to prepay up to U.S.$150,000,000 in aggregate principal amount (including any accrued and unpaid interest and any premium thereon) of any Specified Long-Term Indebtedness if at the time of any such prepayment and after giving effect thereto, the Consolidated Leverage Ratio would be less than 5.5 to 1.0, (ii) to prepay up to U.S.$250,000,000 in aggregate principal amount (including any accrued and unpaid interest and any premium thereon) of any Callable Senior Notes if at the time of any such prepayment and after giving effect thereto, the Consolidated Leverage Ratio would be less than 5.5 to 1.0, and (iii) to prepay up to U.S.$150,000,000 in aggregate principal amount (including any accrued and unpaid interest and any premium thereon) of any Callable Senior Notes if at the time of any such prepayment and after giving effect thereto, the Consolidated Leverage Ratio would be less than 3.0 to 1.0 and (b) SSCC and any Subsidiary shall be permitted to refinance any Indebtedness as otherwise permitted hereunder.
