Limitation on Payments of Indebtedness Sample Clauses

Limitation on Payments of Indebtedness. Make any cash payment or other distribution in cash in respect of any principal or interest of any Junior Financing, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposits, on account of the purchase, redemption, retirement, acquisition, cancellation or termination in respect of any principal or interest of any Junior Financing (any such cash payment or distribution, a “Restricted Debt Payment”), other than:
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Limitation on Payments of Indebtedness. Make any cash payment or other distribution in cash in respect of any principal or interest of any Restricted Debt, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposits, on account of the purchase, redemption, retirement, acquisition, cancellation or termination in respect of any principal or interest of any Restricted Debt (any such cash payment or distribution, a “Restricted Debt Payment”) other than (i) Restricted Debt Payments in respect of the Inside Maturity Notes; provided (a) such payment is made within six (6) months of the applicable maturity date of such Inside Maturity Notes and (b) no Event of Default has occurred and is continuing or would result from such payment, (ii) payments of regularly scheduled interest; (iii) mandatory offers to repay, repurchase or redeem in respect of Permitted Debt (including in connection with the Net Cash Proceeds of Asset Sales); (iv) mandatory prepayments of principal, premium and interest; (v) payments of reasonable and customary fees, expenses and indemnification obligations, in each case, with respect to such Restricted Debt.
Limitation on Payments of Indebtedness. The Borrower shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, defease, or make any optional prepayment of, or otherwise redeem, repurchase, defease or otherwise acquire or retire for value, or make any sinking fund payment with respect to, the principal amount of any Material Indebtedness or any Junior Financing prior to the scheduled maturity thereof (it being understood that payments of such principal at such maturity and regularly scheduled required payments of such principal prior to such maturity shall be permitted), unless the Payment Conditions are satisfied; provided that this Section 6.15 shall not restrict any refinancing of such Material Indebtedness or Junior Financing with Refinancing Indebtedness to the extent permitted under Section 6.01.

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