Common use of Limitations on Certain Payments Clause in Contracts

Limitations on Certain Payments. The Borrower will not, and will not permit any of its Subsidiaries to: (i) make any payment or prepayment on or redemption, repurchase or acquisition for value of (including, without limitation, by way of depositing with the trustee with respect thereto or any other Person money or securities before due for the purpose of paying when due), or any prepayment or redemption as a result of any asset sale or similar event, of principal of the Pulitzer Debt or any Permitted Pulitzer Debt Refinancing Indebtedness except at or below par; (ii) make (or give any notice in respect of) any voluntary or optional payment or prepayment on or redemption, repurchase or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or similar event of (including, in each case without limitation, by way of depositing with the trustee with respect thereto or any other Person money securities before due for the purpose of paying when due), any Second Lien Term Loans, except that the Second Lien Term Loans may be prepaid with Pulitzer Excess Cash Flow and Net Available Cash proceeds of Asset Dispositions of assets of the Pulitzer Entities (including Pulitzer Collateral) and the proceeds of Permitted Second Lien Refinancing Indebtedness; or (iii) with respect to any Intercompany Debt owing by any Xxx Entity to any Pulitzer Entity, (A) increase the interest rate (or any equivalent payments) thereon from that in effect on the Effective Date, (B) make any payments thereon other than to the extent permitted under Section 10.02(a) or (C) provide a lien on any assets of any Xxx Entity to secure such Intercompany Debt.

Limitations on Certain Payments. The Borrower will not, and will not permit any of its Subsidiaries to: (i) make any payment or prepayment on or redemption, repurchase or acquisition for value of (including, without limitation, by way of depositing with the trustee with respect thereto or any other Person money or securities before due for the purpose of paying when due), or any prepayment or redemption as a result of any asset sale or similar event, of principal of the Pulitzer Debt or any Permitted Pulitzer Debt Refinancing Indebtedness except at or below par; (ii) make (or give any notice in respect of) any voluntary or optional payment or prepayment on or redemption, repurchase or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or similar event of (including, in each case without limitation, by way of depositing with the trustee with respect thereto or any other Person money securities before due for the purpose of paying when due), any Second Pulitzer Junior Lien Term LoansIndebtedness (other than any such payments, except that prepayments, redemptions, repurchases or acquisitions for value solely by the Second Xxx Entities and only to the extent such Pulitzer Junior Lien Term Loans may be prepaid with Pulitzer Excess Cash Flow and Net Available Cash proceeds of Asset Dispositions of assets of the Pulitzer Entities (including Pulitzer Collateral) and the proceeds of Indebtedness also constitutes First Lien Indebtedness or Permitted Second First Lien Refinancing Indebtedness; orIndebtedness which the Xxx Entities are otherwise permitted to pay, repay, redeem, repurchase or acquire for value by this Agreement); (iii) with respect to any Intercompany Debt owing by any Xxx Pulitzer Entity to any Pulitzer Xxx Entity, (Ai) increase the interest rate (or any equivalent payments) thereon from that in effect on the Effective Date, (Bii) make any payments thereon other than to the extent permitted under Section 10.02(a) this Agreement or (Ciii) provide a lien on any assets of any Xxx Pulitzer Entity to secure such Intercompany Debt; or (iv) solely with respect to the Pulitzer Entities, after the Pulitzer Debt Satisfaction Date, make any cash payments in excess of $12.5 million in the aggregate per fiscal year of the Borrower in respect of any intercompany obligations of the Pulitzer Entities owed to the Xxx Entities that, prior to the Effective Date, were ordinarily settled through intercompany charges between the Xxx Entities, on the one hand, and the Pulitzer Entities, on the other hand.

Limitations on Certain Payments. The Borrower will not, and will not permit any of its Subsidiaries to: (i) make any payment or prepayment on or redemption, repurchase or acquisition for value of (including, without limitation, by way of depositing with the trustee with respect thereto or any other Person money or securities before due for the purpose of paying when due), or any prepayment pre-payment or redemption as a result of any asset sale or similar event, of principal of the Pulitzer Debt or any Permitted Pulitzer Debt Refinancing Indebtedness except at or below par; (ii) make (or give any notice in respect of) any voluntary or optional payment or prepayment on or redemption, repurchase or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or similar event of (including, in each case without limitation, by way of depositing with the trustee with respect thereto or any other Person money securities before due for the purpose of paying when due), any Second Lien Term Loans, except that the Second Lien Term Loans may be prepaid with Pulitzer Excess Cash Flow and Net Available Cash proceeds of Asset Dispositions of assets of the Pulitzer Entities (including Pulitzer Collateral) and the proceeds of Permitted Second Lien Refinancing Indebtedness; or (iii) with respect to any Intercompany Debt owing by any Xxx Entity to any Pulitzer Entity, (A) increase the interest rate (or any equivalent payments) thereon from that in effect on the Effective Date, (B) make any payments thereon other than to the extent permitted under Section 10.02(a) or (C) provide a lien on any assets of any Xxx Entity to secure such Intercompany Debt.