Payment of Other Debt. Contemporaneously with the closing hereof, Borrower shall have paid in full all indebtedness of Borrower arising under the Xxxxx Fargo Credit Agreement (other than with respect to the Existing Letters of Credit) and shall have delivered to Bank evidence, in a form satisfactory to Bank, of the termination of all security interests and other liens and encumbrances of Xxxxx Fargo HSBC Trade Bank, N.A., as Administrative Agent, upon the assets of Borrower and any Loan Party.
Payment of Other Debt. Borrower shall have (i) paid in full all indebtedness of Borrower to Hercules (or shall have directed Bank to apply the proceeds of the first Disbursement of the proceeds of the Loans for that purpose), (ii) terminated all commitments or arrangements for further financing from Hercules, and (iii) delivered to Bank evidence, in a form satisfactory to Bank, of the termination of all security interests and other liens and encumbrances of Hercules upon the assets of Borrower.
Payment of Other Debt. 18 5.20. No Change in Name, Offices; Removal of Collateral..............................................18 5.21. No Sale, Leaseback.............................................................................19 5.22.
Payment of Other Debt. Shall not retire any long-term debt entered into prior to the date of this Agreement at a date in advance of its legal obligation to do so.
Payment of Other Debt. The Borrower (i) fails to make any payment or payments when due (after the expiration of any applicable grace period (or any payments in the aggregate)) to any Person in relation to any indebtedness where the principal amount of such payments not paid when due are in excess of U.S.$10,000,000, or (ii) defaults in the observance or performance of any other agreement of which the principal amount then outstanding is in excess of U.S.$10,000,000, or of any instrument or agreement evidencing, securing or relating to such indebtedness, or any other event shall occur or condition exist, the effect of which default, event or other condition is to cause, or to permit the holder of such indebtedness to cause such indebtedness to become due prior to its stated maturity date.
Payment of Other Debt. The Borrower shall not, and shall not permit any of its Subsidiaries to, prepay, redeem, purchase, defease, convert into cash or otherwise satisfy prior to the scheduled maturity in any manner any Debt that is owed to a third party that is subordinated to the Obligations, except:
(i) the conversion (or exchange) of any such Debt to, or the payment of any such Debt from the proceeds of the issuance of, the common stock or other equity interests of the Borrower (other than Disqualified Equity Interests);
(ii) for a Permitted Refinancing thereof; or
(iii) so long as no Event of Default has occurred and is continuing, other payments of or in respect of any such Debt in an aggregate amount not to exceed $20,000,000.
Payment of Other Debt. IF ANY STATE LAW DOES NOT PERMIT THE REPAYMENT OF ANY OF THE DEBTS LISTED BELOW IN THE MANNER SET FORTH, THE PROVISIONS OF THIS SECTION RELATING TO THOSE DEBTS SHALL NOT APPLY IN THOSE STATES. With respect to any delinquent debt I owe to HRBB or H&R Block from prior years, and provided that such debt has not been discharged in bankruptcy, I authorize and direct the repayment of such debt, calculated as of the date of this Application, by means of having such debt deducted from my Refund Account established in connection with my RDA.
Payment of Other Debt. (a) Notwithstanding anything to the contrary contained in this Agreement, the Company shall not make any principal payment to the holders of the Class A Notes until the Notes and the Bank Obligations have been repaid in full.
(b) The Company shall make no principal payments in respect of the Bank Obligations unless the Company concurrently makes a ratable payment with respect to the Notes in accordance with the terms of Sections 3(b) and 7(a) of the Intercreditor and Collateral Agency Agreement.
(c) The Company shall not, directly or indirectly, (i) make any payments to any Person not required by a valid and enforceable contract as in effect on the Seventh Amendment Effective Date or as permitted under the following clause (ii), nor (ii) enter into any contract requiring payments to be made by the Company except in the ordinary course of business or as part of the transactions contemplated by this Agreement, including, without limitation, in furtherance of a refinancing transaction contemplated hereunder or any transaction contemplated under the Repayment Plan.
Payment of Other Debt. Borrower shall have (i) paid in full all indebtedness of Borrower to Xxxxx Fargo Bank and XX Xxxxxx Chase Bank (or shall have directed Bank to apply the proceeds of the first disbursement of the proceeds of the Loans for that purpose), (ii) terminated all commitments or arrangements for further financing from those lenders, and (iii) delivered to Bank evidence, in a form satisfactory to Bank, of the termination of all security interests and other liens and encumbrances of those lenders upon the assets of Borrower.
Payment of Other Debt. Repay, repurchase or offer to repay, repurchase or otherwise acquire any Debt, other than this Note in accordance with its terms, and other than regularly scheduled principal and interest payments of Permitted Indebtedness as in effect as of the date hereof, provided that such payments shall not be permitted if, at such time, or after giving effect to such payment, any Event of Default exist or occur.
