Ordinary Course Payments Sample Clauses

Ordinary Course Payments. (a) Nothing in this Agreement shall prohibit the receipt by Merger Loan Agent or any other Merger Loan Secured Parties of the payments of principal, interest, fees, indemnities and expenses from a Grantor in respect of the Merger Loan Debt (as in effect on the date hereof or as amended, modified, supplemented or refinanced in accordance with this Agreement) so long as such receipt is not the direct or indirect result of the exercise by Merger Loan Agent or any Merger Loan Secured Parties of any rights or remedies as a secured creditor (including an Enforcement Action) with respect to Revolving Loan Priority Collateral or enforcement in contravention of this Agreement of any Lien held by any of them. Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies Revolving Loan Lender may have against the Grantors (as opposed to the Collateral) under the Revolving Loan Documents.
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Ordinary Course Payments. Notwithstanding any provision of this Section 7.8 to the contrary, the consummation of the Redemption Transaction shall not constitute a breach of this Section 7.8.
Sample 1
Ordinary Course Payments. Prior to the occurrence and continuance of an Enforcement Action, the Term Loan Representative and the Term Loan Creditors shall be entitled to receive and retain ordinary course payments of interest, fees, expenses, indemnities and other amounts (other than voluntary principal payments) in accordance with the Term Loan Documents as in effect on the date hereof or as amended in accordance with the terms of this Agreement, without regard to whether such payments were made from proceeds of ABL Priority Collateral or Term Loan Priority Collateral.
Sample 1

Related to Ordinary Course Payments

  • Ordinary Course of Business The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Servicer;

  • Ordinary Course The transactions contemplated by this Agreement and the other Basic Documents to which the Seller is a party are in the ordinary course of the Seller’s business.

  • Business in Ordinary Course (a) Except as may be required to obtain regulatory approvals or as otherwise may be required by any regulatory authority, after the date of this Agreement, Seller shall not, without the prior written consent of Buyer (which consent shall not be unreasonably withheld):

  • OPERATION IN ORDINARY COURSE The Acquiring Fund and the Acquired Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include customary dividends and shareholder purchases and redemptions.

  • Regular Course of Business The Seller will carry on its business diligently and substantially in the same manner as heretofore conducted, and shall not institute any new methods of management, accounting or operation or engage in any transaction or activity, enter into any agreement or make any commitment, except in the usual and ordinary course of business and consistent with past practice as limited by the more restrictive provisions of this Agreement, where applicable, or as otherwise specifi cally contemplated by this Agreement and not in violation thereof.

  • Payables Pay when due, in accordance with past practices consistent with good management practices, all of its accounts payables and trade obligations;

  • Conduct of Business in Ordinary Course Seller has conducted the business and operations of the Station only in the ordinary course and has not:

  • No Off Balance Sheet Arrangements There is no transaction, arrangement, or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in its 1934 Act filings and is not so disclosed or that otherwise could be reasonably likely to have a Material Adverse Effect.

  • Business in the Ordinary Course The Business shall be conducted solely in the ordinary course consistent with past practice.

  • Current Liabilities Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

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