Debt; Contingent Obligations. No Credit Party will, or will permit any Subsidiary to, directly or indirectly, create, incur, assume, guarantee or otherwise become or remain directly or indirectly liable with respect to, any Debt, except for Permitted Debt. No Credit Party will, or will permit any Subsidiary to, directly or indirectly, create, assume, incur or suffer to exist any Contingent Obligations, except for Permitted Contingent Obligations. No Credit Party will, or will permit any Subsidiary to, directly or indirectly, purchase, redeem, defease or prepay any cash principal of, cash premium, if any, cash interest or other cash amount payable in respect of any Debt prior to its scheduled date for payment (except (i) with respect to the Obligations permitted under this Agreement, (ii) for Capital Lease obligations, (iii) for obligations under the Term Loan Financing Documents in accordance with the Intercreditor Agreement, (iv) conversions of Debt into Equity Interests (other than Disqualified Equity Interests), (v) for the Third Lien Obligations in accordance with the Intercreditor Agreement and (vi) for Subordinated Debt solely to the extent permitted by Section 5.5).
Appears in 1 contract
Samples: Credit, Security and Guaranty Agreement (Rubicon Technologies, Inc.)
Debt; Contingent Obligations. (a) No Credit Party will, or will permit any Subsidiary to, directly or indirectly, create, incur, assume, guarantee or otherwise become or remain directly or indirectly liable with respect to, any Debt, except for Permitted Debt. .
(b) No Credit Party will, or will permit any Subsidiary to, directly or indirectly, create, assume, incur or suffer to exist any Contingent Obligations, except for Permitted Contingent Obligations. MidCap / Xtant / A&R Credit, Security and Guaranty Agreement (Term Loan)
(c) No Credit Party will, or will permit any Subsidiary to, directly or indirectly, purchase, redeem, defease or prepay any cash principal of, cash premium, if any, cash interest or other cash amount payable in respect of any Debt prior to its scheduled date for payment maturity (except (i) with respect to the Obligations permitted under this Agreement and the Affiliated Obligations permitted under the Affiliated Credit Agreement, (ii) for Capital Finance Lease obligations, (iii) for obligations under in an aggregate principal amount not to exceed $250,000 during the Term Loan Financing Documents in accordance with the Intercreditor Agreement, (iv) conversions term of Debt into Equity Interests (other than Disqualified Equity Interests), (v) for the Third Lien Obligations in accordance with the Intercreditor this Agreement and (viiii) for Subordinated Debt solely to the extent permitted by Section 5.5).
Appears in 1 contract
Samples: Credit, Security and Guaranty Agreement (Term Loan) (Xtant Medical Holdings, Inc.)
Debt; Contingent Obligations. (a) No Credit Party will, or will permit any Subsidiary to, directly or indirectly, create, incur, assume, guarantee or otherwise become or remain directly or indirectly liable with respect to, any Debt, except for Permitted Debt. MidCap / Xtant / Credit, Security and Guaranty Agreement (Term Loan)
(b) No Credit Party will, or will permit any Subsidiary to, directly or indirectly, create, assume, incur or suffer to exist any Contingent Obligations, except for Permitted Contingent Obligations. .
(c) No Credit Party will, or will permit any Subsidiary to, directly or indirectly, purchase, redeem, defease or prepay any cash principal of, cash premium, if any, cash interest or other cash amount payable in respect of any Debt prior to its scheduled date for payment maturity (except (i) with respect to the Obligations permitted under this Agreement and the Affiliated Obligations permitted under the Affiliated Credit Agreement, (ii) for Capital Finance Lease obligations, (iii) for obligations under in an aggregate principal amount not to exceed $250,000 during the Term Loan Financing Documents in accordance with the Intercreditor Agreement, (iv) conversions term of Debt into Equity Interests (other than Disqualified Equity Interests), (v) for the Third Lien Obligations in accordance with the Intercreditor this Agreement and (viiii) for Subordinated Debt solely to the extent permitted by Section 5.5).
Appears in 1 contract
Samples: Credit, Security and Guaranty Agreement (Term Loan) (Xtant Medical Holdings, Inc.)
Debt; Contingent Obligations. No Credit Party will, or will permit any Subsidiary to, directly or indirectly, create, incur, assume, guarantee or otherwise become or remain directly or indirectly liable with respect to, any Debt, except for Permitted Debt. No Credit Party will, or will permit any Subsidiary to, directly or indirectly, create, assume, incur or suffer to exist any Contingent Obligations, except for Permitted Contingent Obligations. No Credit Party will, or will permit any Subsidiary to, directly or indirectly, purchase, redeem, defease or prepay any cash principal of, cash premium, if any, cash interest or other cash amount payable in respect of any Debt prior to its scheduled date for payment (except (i) with respect to the Obligations permitted under this Agreement, (ii) for Capital Lease obligations, (iii) for obligations under the Term Revolving Loan Financing Documents in accordance with the Intercreditor Agreement, (iv) conversions of Debt into Equity Interests (other than Disqualified Equity Interests), (v) for the Third Lien Avenue Term Loan Obligations in accordance with the Intercreditor Agreement and (vi) for Subordinated Debt solely to the extent permitted by Section 5.5).
Appears in 1 contract
Samples: Loan and Security Agreement (Rubicon Technologies, Inc.)