Common use of Issue of Senior Parent Payment Stop Notice Clause in Contracts

Issue of Senior Parent Payment Stop Notice. (a) Until the Senior Discharge Date, except with the Required Senior Consent, and until the Permitted Second Lien Financing Discharge Date, except with the Required Second Lien Consent, no Senior Parent Debt Issuer which is a member of the Group shall make (and the Parent shall procure that no other member of the Group will make), and no Senior Parent Finance Party may receive from any member of the Group, any Permitted Senior Parent Payment (other than Senior Parent Notes Trustee Amounts and except as provided in paragraphs (a)(ii) to (x), in each case, of Clause 6.2 (Permitted Senior Parent Payments)) if:

Appears in 2 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

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Issue of Senior Parent Payment Stop Notice. (a) Until the Senior Discharge Date, except with the Required Senior Consent, and until the Permitted Second Lien Financing Discharge Date, except with the Required Second Lien Consent, no Senior Parent Debt Issuer which is a member of the Group shall make (and the Parent shall procure that no other member of the Group will make), and no Senior Parent Finance Party may receive from any member of the Group, any Permitted Senior Parent Payment (other than than, for the avoidance of doubt, a roll-up or capitalisation of any amount and Senior Parent Notes Trustee Amounts and except as provided in paragraphs (a)(ii) to (x), in each case, a)(vi) of Clause 6.2 (Permitted Senior Parent Payments)) if:

Appears in 1 contract

Samples: Intercreditor Agreement

Issue of Senior Parent Payment Stop Notice. (a) Until the Senior Discharge Date, Date (except with the Required Senior Consent, ) and until the Permitted Second Lien Financing Discharge Date, Date (except with the Required Second Lien Consent), no Senior Parent Debt Issuer which is a member of the Group shall make (and the Parent shall procure that no other member of the Group will make), and no Senior Parent Finance Party may receive from any member of the Group, any Permitted Senior Parent Payment (other than than, for the avoidance of doubt, a roll-up or capitalisation of any amount and Senior Parent Notes Trustee Amounts and except as provided in paragraphs (a)(ii) to (x), in each case, a)(viii) of Clause 6.2 (Permitted Senior Parent Payments)) if:

Appears in 1 contract

Samples: Project Albion Intercreditor Agreement

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Issue of Senior Parent Payment Stop Notice. (a) Until the Senior Discharge Date, except with the Required Senior Consent, and until the Permitted Second Lien Financing Discharge Date, except with the Required Second Lien Consent, no Senior Parent Debt Issuer which is a member of the Group shall make (and the Parent shall procure that no other member of the Group will make), and no Senior Parent Finance Party may receive from any member of the Group, any Permitted Senior Parent Payment (other than Senior Parent Notes Trustee Amounts and except as provided in paragraphs (a)(ii) to (x), in each case, of Clause 6.2 (Permitted Senior Parent Payments)) if:

Appears in 1 contract

Samples: Intercreditor Agreement (Paysafe LTD)

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