Common use of No Prepayments of Debt Clause in Contracts

No Prepayments of Debt. Prepay any indebtedness for borrowed money to any person or entity other than (a) indebtedness owing to Lender and (b) indebtedness permitted by this Agreement and owing to any lender that has not been subordinated to the Obligations;

Appears in 3 contracts

Samples: Loan and Security Agreement (Audioeye Inc), Business Loan & Security Agreement (MR2 Group, Inc.), Business Loan & Security Agreement (MR2 Group, Inc.)

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No Prepayments of Debt. Prepay any indebtedness for borrowed money to any person or entity in cash other than (a) indebtedness owing to Lender and (b) indebtedness permitted by this Agreement and owing to any lender that has not been subordinated to the Obligations, including without limitation Senior Lender Obligations, except to the extent that such prepayments are expressly prohibited under the terms and provisions of the Senior Intercreditor Agreement;

Appears in 1 contract

Samples: Business Loan & Security Agreement (Spectrum Global Solutions, Inc.)

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No Prepayments of Debt. Prepay any indebtedness for borrowed money to any person or entity other than (a) indebtedness owing to Lender and Lender, (b) indebtedness permitted by this Agreement and owing to any lender that has not been subordinated to the Obligations;Obligations and (c) indebtedness permitted to be paid under Section 6.10(d)(ii). 5.3 Section 6.10 of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (Audioeye Inc)

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