Convertible Debt. (a) Each Obligor shall not (x) prepay, redeem, purchase, defease or otherwise satisfy at any time (including on the scheduled maturity thereof), in any manner, any Indebtedness under any Convertible Debt Document, or (y) make any payment in violation of any subordination terms of, or subordination or intercreditor agreement applicable to, any Indebtedness under any Convertible Debt Document, except, in the case of clauses (x) and (y), for payments solely consisting of the Equity Interests (other than Disqualified Equity Interests) of Holdings, or otherwise as the Administrative Agent and the Required Lenders may agree in their sole discretion.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Blue Apron Holdings, Inc.), Pledge and Security Agreement (Blue Apron Holdings, Inc.)
Convertible Debt. (ai) Each Obligor shall not (x) prepay, redeem, purchase, defease or otherwise satisfy at any time (including on the scheduled maturity thereof), in any manner, any Indebtedness under any Convertible Debt Document, or (y) make any payment in violation of any subordination terms of, or subordination or intercreditor agreement applicable to, any Indebtedness under any Convertible Debt Document, except, in the case of clauses (x) and (y), for payments solely consisting of the Equity Interests (other than Disqualified Equity Interests) of Holdings, or otherwise as the Administrative Agent and the Required Lenders may agree in their sole discretion.
Appears in 2 contracts
Samples: Revolving Credit and Guaranty Agreement (Blue Apron Holdings, Inc.), Revolving Credit and Guaranty Agreement (Blue Apron Holdings, Inc.)
