Debt Prepayments. (i) Voluntarily prepay or otherwise make any voluntary or optional payment in respect of, or voluntarily purchase or otherwise acquire, any subordinated, junior or secured Indebtedness for borrowed money of the Parent and its Subsidiaries, or any other Indebtedness for borrowed money of the Parent or any of its Subsidiaries having a maturity after the Term Loan Maturity Date (other than (x) intercompany Indebtedness to the extent paid to the Company or any Wholly Owned Subsidiary of the Company that is not an Excluded Subsidiary, (y) other intercompany Indebtedness to the extent such payment constitutes a permitted Investment under Section 10.11.(d), or (z) with the proceeds of Permitted Refinancing Indebtedness) or (ii) repay any Indebtedness for borrowed money of the Parent and its Subsidiaries (other than (x) Indebtedness under this Agreement and under the Term Loan Agreement, (y) intercompany Indebtedness to the extent paid to the Company or any Wholly Owned Subsidiary of the Company that is not an Excluded Subsidiary and (z) other intercompany Indebtedness to the extent such payment constitutes a permitted Investment under Section 10.11.(d)) having a maturity prior to the Term Loan Maturity Date other than with the proceeds of Permitted Refinancing Indebtedness; provided that the Company shall be permitted to (w) make mandatory prepayments of such Indebtedness under this clause (b)(ii) arising from the disposition (whether voluntary or involuntary) of any asset securing such Indebtedness as of the date of such mandatory prepayment event, (x) repay existing Indebtedness with respect to the DoubleTree Hotel Spokane City Center, (y) make repayments or prepayments in respect of purchase money Indebtedness financing personal property, and (z) make other repayments or prepayments under this clause (b) in an aggregate amount not to exceed $15,000,000 during the Covenant Relief Period;
Debt Prepayments. The U.S. Borrower shall not (x) pay any scheduled payment prior to the due date thereof as in effect on the Restatement Effective Date, or prepay any principal, premium, interest or any other amount (including sinking fund payments), with respect to any Senior Notes; (y) redeem, purchase, defease, acquire or otherwise satisfy (or offer to redeem, purchase, acquire or otherwise satisfy) any Senior Notes prior to the due date thereof as in effect on the Restatement Effective Date; or (z) make any payment or deposit any monies, securities or other property with any trustee or other Person with respect to any Senior Notes that has the effect of violating clause (x) or (y) above (any of the foregoing, a “Senior Notes Prepayment”), unless:
Debt Prepayments. During the Covenant Restriction Period, make (or give any notice in respect of) any voluntary or optional payment or prepayment on or voluntary or optional redemption or acquisition for value of, including in each case without limitation, by way of depositing with a trustee with respect thereto money or securities before due for the purpose of paying when due, any Indebtedness of the Company and its Subsidiaries that is secured by a Lien junior to any Liens securing the Obligations under this Agreement (if any) or contractually subordinated to the Obligations under this Agreement.
Debt Prepayments. The following Section 5.25 is hereby added to the Credit Agreement immediately after Section 5.24 thereof:
Debt Prepayments. The Borrower shall not, and shall not permit MOC or any of their Consolidated Subsidiaries to, prepay (including without limitation by way of repurchasing any outstanding Debt) any Debt (other than Debt pursuant to this Agreement) at any time outstanding.
Debt Prepayments. 71 6.4 Dividends ............................................................................................................72 6.5
Debt Prepayments. Make or offer to make (or give any notice in respect thereof) any optional or voluntary payment, prepayment, repurchase or redemption of, or voluntarily or optionally defease, or otherwise satisfy prior to the scheduled maturity thereof in any manner, any Debt (other than the Loans and, for the avoidance of doubt, any revolving credit facilities, overdraft lines of credit or other similar revolving obligations); except that (a) the Borrower or any of its Subsidiaries may make such voluntary payments, repayments, repurchases or redemptions of, or voluntary or optional defeasements, or otherwise satisfy prior to the scheduled maturity thereof in any manner (other than payments, repayments, repurchases, redemptions or defeasements constituting Extraordinary Restricted Payments), any Debt so long as (i) no Event of Default or Default has occurred and is continuing or would result therefrom and (ii) the Borrower is in pro forma compliance with the financial covenants set forth in Section 6.12 immediately before and after giving effect to such payments and (b) the Borrower shall be permitted to make Extraordinary Restricted Payments so long as, after giving effect to such Extraordinary Restricted Payment, (i) no Event of Default or Default has occurred and is continuing or would result therefrom, (ii) the Total Net Leverage Ratio as tested on a pro forma basis for the most recently ended fiscal quarter is not greater than 3.75:1.00 and (iii) the Asset Coverage Ratio as tested on a pro forma basis for the most recently ended fiscal quarter is at least 125%. For the avoidance of doubt, notwithstanding any other provision in any Loan Document, ACRC Lender shall be permitted at all times to repay and/or reborrow any Debt under the City
Debt Prepayments. 88 Section 6.14. Sanctions Laws and Regulations .........................................................89 ARTICLE VII
Debt Prepayments. The Company shall not (x) pay any scheduled payment prior to the due date thereof as in effect on the date hereof, or prepay any principal, premium, interest or any other amount (including sinking fund payments), with respect to any 2007 Senior Notes; (y) redeem, purchase, defease, acquire or otherwise satisfy (or offer to redeem, purchase, acquire or otherwise satisfy) any 2007 Senior Notes prior to the due date thereof as in effect on the date hereof; or (z) make any payment or deposit any monies, securities or other property with any trustee or other Person with respect to any 2007 Senior Notes that has the effect of violating clause (x) or (y) above (any of the foregoing, a “2007 Senior Notes Prepayment”), unless:
Debt Prepayments. There shall also be added to Article 5, Covenants, the following additional Section 5.22:
