No Prepayment of Debt Sample Clauses

No Prepayment of Debt. No Borrower will, nor will it permit any of its Subsidiaries to:
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No Prepayment of Debt. Xxxx-Xxxxx will not, and will not permit any of its Subsidiaries to,
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No Prepayment of Debt. The Borrower will not, and will not permit NCI, NCH or any of its Restricted Subsidiaries to, directly or indirectly, make any optional prepayment or distribution on account of, or voluntarily purchase, acquire, redeem or retire, any Debt, prior to 30 days before its originally stated maturity (or its stated maturity on the Restatement Effective Date in the case of Debt outstanding on the Restatement Effective Date), or in the case of interest, its stated due date, or directly or indirectly become obligated to do any of the foregoing by amending the terms thereof or otherwise, except for:
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No Prepayment of Debt. Neither the Borrower nor any Subsidiary shall, directly or indirectly, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Debt, except (i) the prepayment of the Loans in accordance with this Agreement, the required payments of the Senior Secured Exchange Notes in accordance with the Senior Secured Exchange Note Indenture and any required prepayments of Debt permitted to be incurred pursuant to Section 5.07(a)(iii) or 5.07(a)(xi); (ii) the refinancing or acquisition of Debt to the extent permitted hereunder; (iii) regularly scheduled or required repayments or redemptions of Debt; (iv) the exchange of Debt permitted by Section 5.07(a)(iv); (v) the exchange of Debt for an Equity Issuance by the Borrower pursuant to a Debt Exchange Equity Issuance; (vi) the repayment or prepayment of Debt permitted by Section 5.07(b)(v); (vii) regularly scheduled or required repayments or redemptions of the Existing Trust Preferred Securities; (viii) any repayment of Debt with the Equity Basket at such time; (ix) the prepayment, redemption, purchase, defeasance or other satisfaction prior to the scheduled maturity thereof by any Excluded Subsidiary of its outstanding Debt; (x) the refinancing, replacement or refunding of the Existing Trust Preferred Securities permitted by Section 5.07(a)(xiii) and (xi) prepayments by a Subsidiary of its outstanding Debt that reduce or eliminate Payment Restrictions applicable to such Subsidiary or make it more likely that such Subsidiary will be able to transfer amounts to the Borrower or a Qualified Holding Company whose Equity Interests have been pledged to the Secured Holders pursuant to the Collateral Documents.
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No Prepayment of Debt. Unless (x) the Leverage Ratio shall be equal to or less than 3.50:1, as set forth in the most recent Compliance Certificate delivered in accordance with Section 7.1.1(c) or (y) irrespective of whether the preceding clause (x) is applicable, an Investment Grade Period shall have commenced at any time following the Restatement Effective Date (irrespective of whether such Investment Grade Period shall have ended), the Borrower will not, and will not permit any of its Subsidiaries to:
Sample 1
No Prepayment of Debt. The Borrower will not, and will not permit any Loan Party to, directly or indirectly, make any optional prepayment or distribution on account of, or voluntarily purchase, acquire, redeem or retire, any Debt prior to 30 days before its originally stated maturity or, in the case of interest, its stated due date except for prepayments of the Loans or other Obligations pursuant to or as permitted by the Loan Documents.
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No Prepayment of Debt. The Loan Parties shall not permit the payment or prepayment, directly or indirectly (excluding the Senior Notes which are addressed below), of any principal of any other Indebtedness for money borrowed if the principal amount thereof exceeds $10,000,000 ("Material Indebtedness") of the Loan Parties or their Subsidiaries. The Loan Parties may not make any principal payments of any series or tranche of the Senior Notes prior to the maturity date of such series or tranche or any purchase or redemption of any of such Senior Notes, provided that the Loan Parties may make payments of principal of any series or tranche of the Senior Notes prior to the maturity date of such series or tranche provided that simultaneously with any such payment (excluding any prepayment in connection with an asset sale pursuant to Section 10.5 (Sale of Assets) of the Senior Note Purchase Agreement if the Loan Parties are making a prepayment under Section 4.5.2.3) (each such payment a "Senior Note Payment") the Loan Parties shall make a payment on the Loans and reduce the Commitments hereunder in amounts set forth in Section 4.5.2.1and pursuant to the terms thereof.
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No Prepayment of Debt. The Parent will not, and will not permit any of its Subsidiaries to:
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No Prepayment of Debt. The Transferor will not, and will not permit any of its Subsidiaries or any of the Sellers to, directly or indirectly, make any optional prepayment or distribution on account of, or voluntarily purchase, acquire, redeem or retire, any Debt (except for Debt relating to any hedging instrument) prior to thirty (30) days before its originally stated maturity or, in the case of interest, its stated due date; PROVIDED, however, the Transferor may permit a cleanup call or similar action pursuant to the terms and conditions set forth in Section 5.1(u) of the Security Agreement.
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Related to No Prepayment of Debt

  • Prepayment of Debt Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt.

  • No Prepayment No conversion or extension of Loans or Commitments pursuant to any Extension Amendment in accordance with this Section 2.16 shall constitute a voluntary or mandatory prepayment or repayment for purposes of this Agreement. This Section 2.16 shall supersede any provisions in Section 2.13 or 10.01 to the contrary.

  • Repayment of Debt If the General Partners unanimously elect, or are required by one or more third parties, to repay or repurchase at the Closing Date (or thereafter in connection with the sale of properties) any indebtedness of Target or any subsidiary of Target, at the Closing Date (or thereafter in connection with the sale of properties), the General Partners shall pay in cash such indebtedness plus any costs, expenses or fees associated with such repayment or repurchase, including without limitation any prepayment fees or penalties, to be repaid, pro rata in accordance with their respective Capital Accounts. For these purposes, “indebtedness” shall be deemed to include the costs of unwinding any interest rate swaps, caps, treasury locks and other derivatives and xxxxxx associated with the indebtedness that is being repaid.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Term Loan Prepayments (i) On each occasion that a Prepayment Event occurs, the Borrower shall, within three Business Days after receipt of the Net Cash Proceeds of a Debt Incurrence Prepayment Event (other than one covered by clause (iii) below) and within ten Business Days after the occurrence of any other Prepayment Event (or, in the case of Deferred Net Cash Proceeds, within ten Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with clause (c) below, Term Loans with an equivalent principal amount equal to 100% of the Net Cash Proceeds from such Prepayment Event; provided that, with respect to the Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback, in each case solely to the extent with respect to any Collateral, the Borrower may use a portion of such Net Cash Proceeds to prepay or repurchase Permitted Other Indebtedness (and with such prepaid or repurchased Permitted Other Indebtedness permanently extinguished) with a Lien on the Collateral ranking equal with the Liens securing the Obligations to the extent any applicable Permitted Other Indebtedness Document requires the issuer of such Permitted Other Indebtedness to prepay or make an offer to purchase such Permitted Other Indebtedness with the proceeds of such Prepayment Event, in each case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the numerator of which is the outstanding principal amount of the Permitted Other Indebtedness with a Lien on the Collateral ranking equal with the Liens securing the Obligations and with respect to which such a requirement to prepay or make an offer to purchase exists and the denominator of which is the sum of the outstanding principal amount of such Permitted Other Indebtedness and the outstanding principal amount of Term Loans.

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Prepayment of Loan Section 10.1 Options to Prepay Loan 28 Section 10.2 Additional Option to Prepay Loan 29 Section 10.3 Obligations to Prepay Loan 29 Section 10.4 Notice of Prepayment; Redemption Procedures 31 Section 10.5 Relative Position of this Article and Indenture 31 Section 10.6 Concurrent Discharge of First Mortgage Bonds 31 ARTICLE XI

  • Evidence of Debt; Repayment of Loans (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the principal amount of each Loan of such Lender as provided in Section 2.11.

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