Common use of Payments in General Clause in Contracts

Payments in General. No direct or indirect payment or distribution by or on behalf of a Credit Party in respect of the Intercompany Debt upon acceleration shall be made, and no other consideration in respect of the Intercompany Debt shall be given or received to the extent prohibited by Section 11.1(b).

Appears in 3 contracts

Samples: Credit Agreement (Infospace Inc), Credit Agreement (Bradley Pharmaceuticals Inc), Credit Agreement (Riviera Holdings Corp)

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Payments in General. No direct or indirect payment or distribution by or on behalf of a Credit Party in respect of the Intercompany Debt upon acceleration shall be made, and no other consideration in respect of the Intercompany Debt shall be given or received received, in each case, to the extent prohibited by Section 11.1(b).

Appears in 2 contracts

Samples: Credit Agreement (Riviera Holdings Corp), Credit Agreement (Riviera Holdings Corp)

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