Examples of Debt Payments in a sentence
Until the Senior Facility Debt is Paid In Full, unless an Insolvency Proceeding has commenced (as to which Sections 2.5, 2.7, 5.5 and 5.6 hereof shall apply), Obligors will not make and Subordinate Agent shall not accept or retain any Distribution in respect of the Subordinated Indebtedness other than, subject to Section 2.3 herein, Permitted Subordinated Debt Payments.
NEGATIVE COVENANTS 59 10.1. Limitation on Indebtedness 59 10.2. Limitation on Liens 61 10.3. Limitation on Fundamental Changes 62 10.4. Limitation on Sale of Assets 62 10.5. Limitation on Investments 64 10.6. Limitation on Dividends 65 10.7. Limitations on Debt Payments 65 10.8. Limitations on Sale Leasebacks 65 10.9. Transfer to Parent Companies 66 10.10.
The Closing Debt Payments shall be paid in Euro by irrevocable wire transfer of immediately available funds to the financial institutions to which such amounts are due.
At Closing, Purchaser, furthermore shall make the Closing Debt Payments.
In the event that, notwithstanding the provisions of Sections 3, 4, and 5, any Subordinated Debt Payments shall be received in contravention of such Sections 3, 4, and 5 by any Obligor before all Senior Debt is Paid in Full, such Subordinated Debt Payments shall be held in trust for the benefit of the Agent and shall promptly be paid over or delivered to the Agent for application to the Payment in Full of all Senior Debt, to the extent necessary to give effect to such Sections 3, 4, and 5.