Common use of Limitation on Optional Payments and Modifications of Debt Instruments Clause in Contracts

Limitation on Optional Payments and Modifications of Debt Instruments. At any time the commitments under the February 1997 Five- Year Agreement and Amendment plus the commitments under the June 1997 364-Day Agreement and Amendment (or, if such commitments have expired or been terminated, the outstanding loans thereunder) exceed $2,000,000,000 in aggregate amount, the Company will not make, and will not permit any of its Subsidiaries to make, any optional payment or prepayment on or redemption, defeasance or purchase of any Indebtedness of the Company or any of its Subsidiaries (other than Indebtedness under the July 1998 Term Loan Facility, the February 1997 Five-Year Agreement and Amendment, the June 1997 364-Day Agreement and Amendment or Indebtedness under Financing Leases in an aggregate amount not to exceed $50,000,000 in any fiscal year of the Company), or amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms relating to the payment or prepayment or principal of or interest on, any such Indebtedness, other than any amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest there or which would not be adverse to the Banks.

Limitation on Optional Payments and Modifications of Debt Instruments. At any time the commitments under the February 1997 Five- Five-Year Agreement and Amendment plus the commitments under the June 1997 364-Day Agreement and Amendment (or, if such commitments have expired or been terminated, the outstanding loans thereunder) exceed $2,000,000,000 in aggregate amount, the Company will not make, and will not permit any of its Subsidiaries to make, any optional payment or prepayment on or redemption, defeasance or purchase of any Indebtedness of the Company or any of its Subsidiaries (other than Indebtedness under the July 1998 Term Loan Facilitythis Agreement, the February 1997 Five-Year Agreement and Amendment, Amendment or under the June 1997 364-Day Agreement and Amendment or Indebtedness under Financing Leases in an aggregate amount not to exceed $50,000,000 in any fiscal year of the Company), or amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms relating to the payment or prepayment or principal of or interest on, any such Indebtedness, other than any amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest there thereon or which would not be adverse to the Banks.

Limitation on Optional Payments and Modifications of Debt Instruments. At any time the commitments Commitments under the February 1997 Five- Year this Agreement and Amendment plus the commitments under the June 1997 364-Day Agreement and Amendment (or, if such commitments have expired or been terminated, the outstanding loans thereunder) exceed $2,000,000,000 in aggregate amount, the Company will not make, and will not permit any of its Subsidiaries to make, any optional payment or prepayment on or redemption, defeasance or purchase of any Indebtedness of the Company or any of its Subsidiaries (other than Indebtedness under the July 1998 Term Loan Facility, the February 1997 Five-Year this Agreement and Amendment, or under the June 1997 364-Day Agreement and Amendment or Indebtedness under Financing Leases in an aggregate amount not to exceed $50,000,000 in any fiscal year of the CompanyAmendment), or amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms relating to the payment or prepayment or principal of or interest on, any such Indebtedness, other than any amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest there or which would not be adverse to the Banks.'".

Limitation on Optional Payments and Modifications of Debt Instruments. At any time the commitments under the February 1997 Five- Five-Year Agreement and Amendment plus the commitments under the June 1997 364-Day Agreement and Amendment (or, if such commitments have expired or been terminated, the outstanding loans thereunder) exceed $2,000,000,000 in aggregate amount, the Company will not make, and will not permit any of its Subsidiaries to make, any optional payment or prepayment on or redemption, defeasance or purchase of any Indebtedness of the Company or any of its Subsidiaries (other than Indebtedness under the July 1998 Term Loan Facility, the February 1997 Five-Year Agreement and Amendment, the June 1997 364-Day Agreement and Amendment or Indebtedness under Financing Leases in an aggregate amount not to exceed $50,000,000 in any fiscal year of the Company), or amend, modify or change, or consent or agree to any amendment, modification or change to any of the terms relating to the payment or prepayment or principal of or interest on, any such Indebtedness, other than any amendment, modification or change which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest there or which would not be adverse to the Banks.'"