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

Limitation on Optional Payments and Modifications of Debt. Instruments, etc. (a) Make or offer to make any payment, prepayment, ---------------- repurchase or redemption of or otherwise defease or segregate funds with respect to the Senior Subordinated Notes or the Company Zeros (other than scheduled interest payments required to be made in cash), (b) amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Senior Subordinated Notes, the Senior Subordinated Note Indenture, the Company Zeros or the Company Indenture (other than any such amendment, modification, waiver or other change which (i) 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 thereon or (ii) is not adverse in any respect to the interests of the Lenders in the reasonable opinion of the Administrative Agent in its sole discretion) or (c) designate any Indebtedness as "Designated Senior Indebtedness" for the purposes of the Senior Subordinated Note Indenture.

Appears in 1 contract

Samples: Joinder Agreement (Details Inc)

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Limitation on Optional Payments and Modifications of Debt. Instruments, etc. (a) Make or offer to make any payment, prepayment, ---------------- ----------------- repurchase or redemption of or otherwise defease or segregate funds with respect to the Senior Subordinated Credit Facility (other than with the proceeds of the Senior Subordinated Notes), the Company Interim Credit Facility (other than with the proceeds of the Company Zeros), the Senior Subordinated Notes or the Company Zeros (other than scheduled interest payments required to be made in cash), (b) amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Senior Subordinated NotesCredit Facility, the Company Interim Credit Facility, the Senior Subordinated Note Indenture, Notes or the Company Zeros or the Company Indenture (other than any such amendment, modification, waiver or other change which (i) 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 thereon or (ii) is not adverse in any respect to the interests of the Lenders in the reasonable opinion of the Administrative Agent in its sole discretion) or (c) designate any Indebtedness as "Designated Senior Indebtedness" for the purposes of the Senior Subordinated Credit Facility or the Senior Subordinated Note Indenture.

Appears in 1 contract

Samples: Credit Agreement (Details Inc)

Limitation on Optional Payments and Modifications of Debt. Instruments, etc. (a) Make or offer to make any payment, prepayment, ---------------- repurchase ----------------- or redemption of or otherwise defease or segregate funds with respect to the Senior Subordinated Notes or Notes, the Company Zeros or the New Intermediate Holdco Notes (other than scheduled interest payments required to be made in cashcash and the AHYDO Payment), (b) amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Senior Subordinated Notes, the Senior Subordinated Note Indenture, the Company Zeros Zeros, the Company Indenture, the New Intermediate Holdco Notes or the Company Indenture New Intermediate Holdco Note Purchase Agreement (other than any such amendment, modification, waiver or other change which (i) 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 thereon or (ii) is not adverse in any respect to the interests of the Lenders in the reasonable opinion of the Administrative Agent in its sole discretion) or (c) designate any Indebtedness as "Designated Senior Indebtedness" for the purposes of the Senior Subordinated Note Indenture.

Appears in 1 contract

Samples: Credit Agreement (Details Capital Corp)

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Limitation on Optional Payments and Modifications of Debt. Instruments, etc. (a) Make or offer to make any payment, prepayment, ---------------- ----------------- repurchase or redemption of or otherwise defease or segregate funds with respect to the Senior Subordinated Notes or the Company Zeros (other than scheduled interest payments required to be made in cash), (b) amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Senior Subordinated Notes, the Senior Subordinated Note Indenture, the Company Zeros or the Company Indenture (other than any such amendment, modification, waiver or other change which (i) 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 thereon or (ii) is not adverse in any respect to the interests of the Lenders in the reasonable opinion of the Administrative Agent in its sole discretion) or (c) designate any Indebtedness as "Designated Senior Indebtedness" for the purposes of the Senior Subordinated Note Indenture.

Appears in 1 contract

Samples: Credit Agreement (Details Inc)

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