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. 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:
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. IF ANY STATE LAW DOES NOT PERMIT THE REPAYMENT OF ANY OF THE DEBTS LISTED BELOW INTHE MANNER SET FORTH, THE PROVISIONS OF THIS SECTION RELATING TO THOSE DEBTS SHALLNOTAPPLYINTHOSESTATES. With respect to any debt I owe to BofI or H&R Block, 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 having such debt deducted from my RDA established in connection with my RT.
Payment of Other Debt. Any default shall occur under the terms applicable to any Debt of any Loan Party in an aggregate amount (for all such Debt so affected) exceeding $250,000 and such default shall (a) consist of the failure to pay such Debt when due, whether by acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit the holder or holders thereof, or any trustee or agent for such holder or holders, to cause such Debt to become due and payable (or require such Loan Party to purchase or redeem such Debt) prior to its expressed maturity. Other Material Obligations. Default in the payment when due, or in the performance or observance of, any material obligation of, or condition agreed to by, any Loan Party with respect to any material purchase or lease of goods or services where such default, singly or in the aggregate with all other such defaults, might reasonably be expected to have a Material Adverse Effect. Bankruptcy, Insolvency, etc. Any Loan Party becomes insolvent or generally fails to pay, or admits in writing its inability or refusal to pay, debts as they become due; or any Loan Party applies for, consents to, or acquiesces in the appointment of a trustee, administrator, receiver or other custodian for such Loan Party or any property thereof, or makes a general assignment for the benefit of creditors or any other step is taken with a view to a composition, assignment, scheme of arrangement or similar arrangement with any of the creditors of such Borrower or any of its Subsidiaries; or, in the absence of such application, consent or acquiescence, a trustee, administrator, receiver or other custodian is appointed for any Loan Party or for a substantial part of the property of any thereof and is not discharged within 60 days; or any bankruptcy, reorganization, debt arrangement, or other case or proceeding under any bankruptcy or insolvency law, or any dissolution or liquidation proceeding, is commenced in respect of any Loan Party, and if such case or proceeding is not commenced by any Loan Party, it is consented to or acquiesced in by any Loan Party, or remains for 30 days undismissed; or any Loan Party takes any action to authorize, or in furtherance of, any of the foregoing. Non-
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. 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. (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.
Payment of Other Debt. 18 5.20. No Change in Name, Offices; Removal of Collateral..............................................18 5.21. No Sale, Leaseback.............................................................................19 5.22.
