Common use of Prepayment of Indebtedness Clause in Contracts

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 15 contracts

Samples: Credit Agreement (Assisted Living Concepts Inc), Credit Agreement (Princeton Review Inc), Credit Agreement (Parlux Fragrances Inc)

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Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Subordinated Debt or Subordinated Refinancing Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent not otherwise permitted prohibited by the Loan Documents, do each of the following:

Appears in 3 contracts

Samples: Guaranty and Security Agreement (Dayton Superior Corp), Credit Agreement (Dayton Superior Corp), Credit Agreement (Dayton Superior Corp)

Prepayment of Indebtedness. No Group Member shall (xa) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (yb) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (zc) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, in accordance with and to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 3 contracts

Samples: Credit Agreement (Cinedigm Corp.), Guaranty Agreement (Cinedigm Corp.), Credit Agreement (Cinedigm Digital Cinema Corp.)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, and so long as no Default is continuing, do each of the following:

Appears in 3 contracts

Samples: Credit Agreement (Medical Staffing Network Holdings Inc), Credit Agreement (Medical Staffing Network Holdings Inc), Credit Agreement (Medical Staffing Network Holdings Inc)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 2 contracts

Samples: Credit Agreement (SFX Entertainment, INC), Credit Agreement (SFX Entertainment, INC)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any IndebtednessIndebtedness (other than prepayments of the First Lien Obligations in accordance with the terms of the First Lien Loan Documents), (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any IndebtednessSubordinated Debt; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Clearlake Capital Partners, LLC), Second Lien Credit Agreement (Goamerica Inc)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any IndebtednessSubordinated Debt; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 2 contracts

Samples: Credit Agreement (PGT, Inc.), Credit Agreement (Goamerica Inc)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Note Documents, do each of the following:

Appears in 1 contract

Samples: Securities Purchase Agreement (Film Department Holdings, Inc.)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any IndebtednessIndebtedness under the Second Lien Loan Documents or any Subordinated Debt, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 1 contract

Samples: Credit Agreement (Danka Business Systems PLC)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any IndebtednessIndebtedness (including for the avoidance of doubt obligations under the Foreign Restructuring Note), (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 1 contract

Samples: Credit Agreement (SRAM International Corp)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Subordinated Notes Documents, do each of the following:

Appears in 1 contract

Samples: Subordinated Notes Agreement (Townsquare Media, Inc.)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan DocumentsDocuments (including, without limitation, and subject to the terms and conditions of, the Intercreditor Agreement), and so long as no Default is continuing, do each of the following:

Appears in 1 contract

Samples: Credit Agreement (Medical Staffing Network Holdings Inc)

Prepayment of Indebtedness. No Group Member shall (xw) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (yx) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (zy) make any payment in violation of any subordination terms of any IndebtednessIndebtedness or (z) make any payment in respect of the Indebtedness under the Sponsor PIK Notes or any other Subordinated Debt; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 1 contract

Samples: Credit Agreement (Westwood One Inc /De/)

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Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any IndebtednessSubordinated Debt, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 1 contract

Samples: Credit Agreement (Danka Business Systems PLC)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any IndebtednessIndebtedness (other than the Obligations), (y) set apart any property Property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, may make regularly scheduled or otherwise required repayments or redemptions of Indebtedness (other than Indebtedness owing to the extent otherwise permitted by the Loan Documents, do each any Affiliate of the following:any Borrower).

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Exar Corp)

Prepayment of Indebtedness. No Group Member shall (xa) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (yb) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (zc) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, in accordance with and to the extent otherwise permitted by the Loan Documents, including, without limitation, the Intercreditor Agreement, do each of the following:

Appears in 1 contract

Samples: Second Lien Loan Agreement (Cinedigm Corp.)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any IndebtednessIndebtedness (including for the avoidance of doubt, obligations owing under the Second Lien Term Facility and obligations under the Foreign Restructuring Note), (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 1 contract

Samples: Credit Agreement (SRAM International Corp)

Prepayment of Indebtedness. No Group Member shall (xw) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (yx) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (zy) make any payment in violation of any subordination terms of any IndebtednessIndebtedness or (z) make any payment in respect of the Sponsor PIK Notes or any other Subordinated Debt; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 1 contract

Samples: Credit Agreement (Westwood One Inc /De/)

Prepayment of Indebtedness. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any IndebtednessSubordinated Debt, the Senior Notes or any Indebtedness Incurred pursuant to Section 8.1(o), (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any IndebtednessSubordinated Debt; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, do each of the following:

Appears in 1 contract

Samples: Credit Agreement (Townsquare Media, LLC)

Prepayment of Indebtedness. No Group Member shall (xa) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (yb) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (zc) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, in accordance with and to the extent otherwise permitted by the Loan Documents, do each of the following:: (i) (A) prepay the Obligations or (B) consummate a Permitted Refinancing;

Appears in 1 contract

Samples: Management Services Agreement (Cinedigm Corp.)

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