Common use of NOTE PURCHASE PROHIBITION Clause in Contracts

NOTE PURCHASE PROHIBITION. Except as permitted by Section 9, the Company will not, and will not permit any Subsidiary or Affiliate to, directly or indirectly acquire any Note, by purchase or prepayment or otherwise, except by way of payment or prepayment thereof by the Company or such Subsidiary or Affiliate in accordance with the provisions of the Notes and of this Agreement.

Appears in 3 contracts

Samples: Loan Agreement (Del Laboratories Inc), Loan Agreement (Del Laboratories Inc), Loan Agreement (Del Laboratories Inc)

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NOTE PURCHASE PROHIBITION. Except as permitted by Section 9, the The Company will not, and will not permit any Subsidiary or Affiliate of its Affiliates to, directly or indirectly acquire any Note, by purchase or prepayment or otherwise, except (a) by way of payment or prepayment thereof by the Company or such Subsidiary or Affiliate in accordance with the provisions of the Notes and of this Agreement.Agreement or (b) pursuant to an offer to purchase made by any such Affiliate and which complies with the following conditions:

Appears in 2 contracts

Samples: Secured Note Exchange Agreement (Ta Operating Corp), Supplemental Agreement (Travelcenters of America Inc)

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