Credit Agreement Restrictions Sample Clauses

Credit Agreement Restrictions. The exercise by the Company of its rights pursuant to this Section 3.7 shall be subject to any restrictions imposed pursuant to loan or credit agreements to which the Company is a party.
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Credit Agreement Restrictions. Except for payments under Paragraph 3 of this Agreement, to the extent any payments due hereunder are not permitted to be made under the terms of the Credit Agreement, such amounts shall be suspended and paid when permitted under the Credit Agreement.
Sample 1
Credit Agreement Restrictions. Credit Agreement Restrictions shall mean the restrictions imposed from time to time under the then applicable Credit Agreement upon the Company's ability to redeem the Preferred Stock or to pay the Repurchase Price with respect to the Warrants and the Warrant Stock, so long as such restrictions do not conflict with the provisions of Section 7.21(b). Disposal (or Disposed). Disposal (or Disposed) shall have the meaning specified in RCRA and regulations promulgated thereunder as of the date hereof; provided, that to the extent that the laws of a state wherein any Property lies establishes a meaning for "Disposal" (or "Disposed") which is broader than specified in RCRA, such broader meaning shall apply.
Sample 1
Credit Agreement Restrictions. Anything contained herein to the contrary notwithstanding, the Purchaser (and any transferee of a Security by its acceptance thereof) agrees that, except for a subordinated claim set forth in the proviso hereto, it shall have no "claim" (used in its broadest sense, as contemplated by and defined in Section 101(5) of the Bankruptcy Code) as a result of the occurrence of any Unmatured Event of Non-Compliance or any Event of Non-Compliance and shall not commence or prosecute any Enforcement Action as a result of the occurrence of any such Unmatured Event of Non-Compliance or any Event of Non-Compliance; provided, however, that, subject to the prior execution and delivery by Purchaser (or its successors or assigns, as applicable) in favor of the lender or lenders under the Credit Agreement (or any Refinancing Agreement) of a subordination agreement containing terms and conditions reasonably satisfactory to such lender or lenders, the Purchaser shall be entitled to commence and prosecute a lawsuit, arbitration, or other proceeding solely to be able to establish the amount of any damages that it may have suffered as a result of the occurrence of any such Unmatured Event of Non-Compliance or any Event of Non-Compliance; it being understood and agreed that, the foregoing limited exception notwithstanding, in no event shall the Purchaser be entitled to commence or prosecute any of the actions described in clauses (b) or (c) of the definition of Enforcement Action. For purposes of this Section, "reasonably satisfactory" terms and conditions shall mean the subordination terms customarily found in subordination agreements between a senior lender and the seller of a business with respect to a note taken back by such seller in connection with the sale of a business. The lender or lenders shall deliver a draft of the subordination agreement contemplated by this Section within 10 business days after the Purchaser's written request therefor in connection with an Event of Non-Compliance and shall diligently attempt to reach agreement with the Purchaser on such reasonably satisfactory terms and conditions. The foregoing agreement by the Purchaser is made for the direct and intended benefit of Fleet (or any other lender or lenders under the Credit Agreement) and may not be amended or revoked without their prior written consent except that this Section shall automatically terminate without further action on the Company's or any lender's or lenders' part upon payment in full of...
Sample 1
Credit Agreement Restrictions. All Securities acquired by a ----------------------------- Management Holder shall be subject to the terms of the Credit Agreement (and any further agreements entered into in connection with the incurrence of indebtedness by the Company) which may require, among other things, that such Securities be pledged ( a "BUYER PLEDGE") in support of the Obligations (as ------------ defined in the Credit Agreement), that the Management Holder subordinate amounts owed to him by the Company, if any, to the Obligations, and/or that the Centre Entities be granted sole voting and investment power with regard to shares of Common Stock acquired by the Management Holder. The Management Holder agrees to execute from time to time such pledge agreements, subordination agreements, irrevocable powers of appointment to the Centre Entities or other instruments and to cause to be delivered such certificates, opinions or supporting documentation as the Agent may require in such connection.
Sample 1

Related to Credit Agreement Restrictions

  • Credit Agreement Covenants Each Guarantor shall observe, perform and comply with all covenants applicable to such Guarantor set forth in Articles VI and VII of the Credit Agreement, which by their terms the Borrowers are required to cause such Guarantor to observe, perform and comply with, as if such covenants were set forth in full herein.

  • Credit Agreements Schedule II is a complete and correct list, as of the date of this Agreement, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Company or any of its Material Subsidiaries the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $150,000,000 and the aggregate principal or face amount outstanding or which may become outstanding under each such arrangement is correctly described in Schedule II.

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein; the term “instrument” shall have the meaning specified in Article 9 of the New York UCC.

  • Incorporation of Credit Agreement Provisions The provisions contained in Section 11.6 (Indemnification), Section 12.8 (Governing Law; Submission to Jurisdiction) and Section 12.9 (Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety.

  • Existing Credit Agreement The Administrative Agent shall have received satisfactory evidence that the Existing Credit Agreement shall have been terminated and all amounts thereunder (other than contingent indemnification obligations for which no claim has been made) shall have been paid in full and (ii) satisfactory arrangements shall have been made for the termination of all Liens granted in connection therewith.

  • Credit Agreement Amendment The Credit Agreement is hereby amended as follows:

  • Credit Agreement and Notes This Agreement and the Notes executed by each party thereto;

  • Existing Credit Agreements The Existing Credit Agreements shall have been terminated and shall be of no further force and effect, and all amounts outstanding thereunder shall have been paid in full.

  • Credit Agreement; Guarantee and Collateral Agreement The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Administrative Agent, Holdings, the Borrower and each Person listed on Schedule 1.1A and (ii) the Guarantee and Collateral Agreement, executed and delivered by Holdings, the Borrower and each Subsidiary Guarantor.

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