DB Facility Documents and MS Facility Documents Clause Samples

DB Facility Documents and MS Facility Documents. (i) The Guarantor shall not, and shall not permit any of its Subsidiaries to make any payment to any Secured Creditor under either the DB Facility Documents or the MS Facility Documents other than (i) payments expressly required to be paid to avoid the occurrence of an “event of default” (as such term is defined in the DB Facility Documents and the MS Facility Documents); (ii) payments expressly required to be paid pursuant to the Custodial and Account Control Agreement; and (iii) payments on account of a demand under the relevant guaranty occasioned by a default or acceleration of the underlying obligations; (ii) the Guarantor shall, and shall cause each of its Subsidiaries to, strictly comply with the covenants and obligations of the Guarantor and each applicable Subsidiary contained in the Facility Documents;