No Payment When Senior Debt in Default. If any Event of Default shall have occurred and be continuing, or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Indebtedness, unless the Required Lenders shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Indebtedness on account of principal or interest on any portion of the Intercompany Indebtedness.
Appears in 15 contracts
Samples: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp), Credit Agreement (Foster L B Co), Credit Agreement (Foster L B Co)
No Payment When Senior Debt in Default. If any Event of Default under the Credit Agreement shall have occurred and be continuing, continuing or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany IndebtednessDebt, unless the Lenders or Required Lenders shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any the Company owing such Intercompany Indebtedness Debt on account of principal or interest on any portion of the Intercompany IndebtednessDebt.
Appears in 3 contracts
Samples: Subordination Agreement (Eagle Picher Holdings Inc), Subordination Agreement (Eagle Picher Technologies LLC), Subordination Agreement (Eagle Picher Holdings Inc)
No Payment When Senior Debt in Default. If any Event of Default or Potential Default shall have occurred and be continuing, or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Subordinated Indebtedness, unless the Required Lenders shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Subordinated Indebtedness on account of principal or interest on any portion of the Intercompany Subordinated Indebtedness.
Appears in 3 contracts
Samples: Credit Agreement (Advanced Drainage Systems, Inc.), Intercompany Subordination Agreement (Advanced Drainage Systems, Inc.), Intercompany Subordination Agreement (Advanced Drainage Systems, Inc.)
No Payment When Senior Debt in Default. If any Event of Default or Potential shall have occurred and be continuing, or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Indebtedness, unless the Required Lenders shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Indebtedness on account of principal or interest on any portion of the Intercompany Indebtedness.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Koppers Holdings Inc.)
No Payment When Senior Debt in Default. If any Event of Default shall have occurred and be continuing, or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Indebtedness, unless the Administrative Agent, with the consent of the Required Lenders Lenders, shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Indebtedness on account of principal or interest on any portion of the Intercompany Indebtedness.
Appears in 1 contract
No Payment When Senior Debt in Default. If any Event of Default or Potential Default under the Credit Agreement shall have occurred and be continuing, continuing or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Subordinated Indebtedness, unless the Required Lenders Banks shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any the Company owing such Intercompany Subordinated Indebtedness on account of principal or interest on any portion of the Intercompany Subordinated Indebtedness.
Appears in 1 contract
No Payment When Senior Debt in Default. If any Event of Default or Default shall have occurred and be continuing, or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Subordinated Indebtedness, unless the Required Lenders Holder(s) shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Subordinated Indebtedness on account of principal or interest on any portion of the Intercompany Subordinated Indebtedness.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Advanced Drainage Systems, Inc.)
No Payment When Senior Debt in Default. If any Event of Default shall have occurred and be continuing, or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Indebtedness, unless the Required Lenders Banks shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Indebtedness on account of principal or interest on any portion of the Intercompany Indebtedness.
Appears in 1 contract
Samples: Credit Agreement (Glatfelter P H Co)
No Payment When Senior Debt in Default. If any Event of Default under -------------------------------------- the Credit Agreement shall have occurred and be continuing, continuing or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany IndebtednessSubordinated Debt, unless the Required Lenders Banks shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any the Company owing such Intercompany Indebtedness Subordinated Debt on account of principal or interest on any portion of the Intercompany IndebtednessSubordinated Debt.
Appears in 1 contract
No Payment When Senior Debt in Default. If any Event of Default -------------------------------------- under the Credit Agreement shall have occurred and be continuing, continuing or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany IndebtednessSubordinated Debt, unless the Required Lenders Banks shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any the Company owing such Intercompany Indebtedness Subordinated Debt on account of principal or interest on any portion of the Intercompany IndebtednessSubordinated Debt.
Appears in 1 contract
No Payment When Senior Debt in Default. If any Event of Default under the Credit Agreement shall have occurred and be continuing, continuing or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany IndebtednessSubordinated Debt, unless the Required Lenders Banks shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any the Company owing such Intercompany Indebtedness Subordinated Debt on account of principal or interest on any portion of the Intercompany IndebtednessSubordinated Debt.
Appears in 1 contract
No Payment When Senior Debt in Default. If any Event of Default shall have occurred and be continuing, or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Indebtedness, unless the Lenders or Required Lenders Lenders, as applicable, shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Indebtedness on account of principal or interest on any portion of the Intercompany Indebtedness.
Appears in 1 contract
Samples: Continuing Agreement (Ii-Vi Inc)
No Payment When Senior Debt in Default. If any Event of Default or Potential Default shall have occurred and be continuing, or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Indebtedness, unless the Required Lenders shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Indebtedness on account of principal or interest on any portion of the Intercompany Indebtedness, without the prior written consent of the Required Banks.
Appears in 1 contract
Samples: Credit Agreement (Big Lots Inc)
No Payment When Senior Debt in Default. If any Event of Default under the Credit Agreement shall have occurred and be continuing, continuing or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany IndebtednessSubordinated Debt, unless the Required Lenders Lender shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any the Company owing such Intercompany Indebtedness Subordinated Debt on account of principal or interest on any portion of the Intercompany IndebtednessSubordinated Debt.
Appears in 1 contract
No Payment When Senior Debt in Default. If any Event of Default under the Credit Agreement shall have occurred and be continuing, continuing or such an Event of Default or Potential Default would result from or exist after giving effect to a payment with respect to any portion of the Intercompany Subordinated Indebtedness, unless the Required Lenders shall have consented to or waived the same, so long as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing such Intercompany Indebtedness the Borrower on account of principal or interest on any portion of the Intercompany management fees which constitute the Subordinated Indebtedness.
Appears in 1 contract
Samples: Credit Agreement (Excelsior Lasalle Property Fund Inc)
