Debt Repurchases Clause Samples

Debt Repurchases. (a) During all Unrestricted Periods, repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause any of the foregoing or the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, of any of its Loans and Obligations or New Subordinated High Yield Indebtedness, nor shall the Borrower or the Parent permit any Subsidiary, Loan Party or any Affiliate to do any of the foregoing, provided that, notwithstanding the preceding, the Borrower may repay and prepay the Loans hereunder at par in accordance with the terms of this Agreement; (b) During Restricted Periods only, repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause any of the foregoing or the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, of any of its Indebtedness including, without limitation, the Loans and Obligations, nor shall the Borrower or the Parent permit any Subsidiary, Loan Party or any Affiliate to do any of the foregoing, provided that, notwithstanding the preceding: (i) the Borrower may repay and prepay the Loans hereunder at par in accordance with the terms of this Agreement; (ii) the Borrower may make prepayments or repurchases of Indebtedness as permitted in accordance with the terms of Section 7.19(c), and (iii) the Borrower may enter into any such transaction regarding the EPLLC Deemed Debt.

Debt Repurchases. (a) Repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, or (b) permit any Loan Party or any Affiliate of the Borrower or any Loan Party to repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, in either case, of any of the Indebtedness of the Borrower or any Subsidiary, including without limitation, the Loans and Obligations, and the Senior Secured Notes, provided that, notwithstanding the preceding, (i) the Borrower may repay and prepay the Loans and other Obligations hereunder at par in accordance with the terms of Sections 2.04 and 2.06 of this Agreement and (ii) the Borrower may repurchase, redeem or prepay the Senior Secured Notes with Net Cash Proceeds of Dispositions so long as the Borrower is in full compliance with Section 2.04(b)(ii).

Debt Repurchases. The Issuer shall not, and shall not permit Emmis OpCo or any Subsidiary, Excluded Subsidiary or other Affiliate to, repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, of any of its Indebtedness (in each case other than the Notes and Obligations to the extent permitted hereby and the Senior Debt Obligations), except that the Issuer and Emmis OpCo may enter into any transaction to the extent expressly permitted pursuant to clauses (a), (b) or (c) of §10.16 of the OpCo Credit Agreement (as in effect on the date hereof).

Debt Repurchases. Assignments of Loans to the Borrower or any of its Subsidiaries shall not be permitted.

Debt Repurchases. The Borrower and the Parent Guarantor shall not, and shall not permit any Subsidiary, Credit Party or any Affiliate to, repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, of any of its Indebtedness including the Loans, Obligations and the Mission Loans and Mission Obligations, provided that, notwithstanding the preceding: (i) the Borrower may prepay the Loans hereunder at par in accordance with the terms of Sections 2.05, 2.06 and 10.19 of this Agreement (subject to Section 8.01(n)) and (ii) Mission Borrower can prepay its Loans in accordance with the terms of the Mission Credit Agreement, (b) so long as (i) there exists no Default before or after giving effect to (A) the issuance of common Capital Stock of the Ultimate Parent, and (B) such transaction, (ii) the Borrower delivers written notice thereof to the Administrative Agent in detail acceptable to the Administrative Agent not less than 30 days prior to such transaction (or such lesser time period as agreed to by the Administrative Agent), (iii) the Borrower is in full compliance with Section 2.06(e) and Section 10.19(e) and (v) the Borrower delivers to the Administrative Agent a certificate of a Responsible Officer certifying as to each of the foregoing (i) through (iii) in detail acceptable to the Administrative Agent and demonstrating pro forma compliance with all provisions of Section 7.09 after giving effect to all such transactions, the Borrower may use up to 50% of the Net Issuance Proceeds of the issuance of such Capital Stock permitted to be issued by Section 7.13, to extinguish all or any portion of the Unsecured Notes, (c) so long as (i) there exists no Default before or after giving effect to such transaction, (ii) the Borrower delivers written notice thereof to the Administrative Agent in detail acceptable to the Administrative Agent not less than 30 days prior to such transaction (or such lesser time period as agreed to by the Administrative Agent), (iii) Liquidity after giving effect to any such use is not less than $20,000,000 on such date, (iv) the Borrower is in full compliance with Section 2.06(d) and Section 10.19(d) and (v) the Borrower delivers to the Administrativ...

Debt Repurchases. The Borrower shall not, and shall not permit any Subsidiary, Credit Party or any Affiliate to, repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, of any of its Indebtedness including the Loans, Obligations and the Nexstar Loans and Nexstar Obligations, provided that, notwithstanding the preceding: (i) the Borrower may prepay the Loans hereunder at par in accordance with the terms of Sections 2.05, 2.06 and 11.19 of this Agreement (subject to Section 5432461v.2 25690/685 8.01 (n)) and (ii) Nexstar Borrower can prepay its Loans in accordance with the terms of the Nexstar Credit Agreement, and (b) the Nexstar Borrower can make the prepayments and/or extinguish debt permitted by Sections 7.16(b) and (c) of the terms of the Nexstar Credit Agreement.

Debt Repurchases. In December 2015, the Partnership repurchased on the open market a portion of its outstanding Senior Notes as follows:

Debt Repurchases. In December 2015, the Partnership repurchased on the open market a portion of various series of its outstanding senior notes paying $14.3 million plus accrued interest to repurchase $17.9 million of the outstanding balances. The December 2015 note repurchases resulted in a $3.6 million gain on debt repurchase and a write-off of $0.1 million in related deferred debt issuance costs. The Partnership may retire or purchase various series of its outstanding debt through cash purchases and/or exchanges for other debt, in open market purchases, privately negotiated transactions or otherwise. Such repurchases or exchanges, if any, will depend on prevailing market conditions, our liquidity requirements, contractual restrictions and other factors. The amounts involved may be material.