Common use of Payments May Be Paid Prior to Dissolution Clause in Contracts

Payments May Be Paid Prior to Dissolution. Nothing contained in this Section 11 or elsewhere in this Agreement shall prevent or delay (a) the Guarantors, except under the conditions described in Section 11.2, from making payments at any time for the purpose of paying Guarantee Obligations, or from depositing with the Agent any moneys for such payments, or (b) subject to Section 11.2, the application by the Agent of any moneys deposited with it for the purpose of paying Guarantee Obligations.

Appears in 2 contracts

Samples: Senior Subordinated Credit Agreement (Bio Rad Laboratories Inc), Senior Subordinated Credit Agreement (Bio Rad Laboratories Inc)

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Payments May Be Paid Prior to Dissolution. Nothing contained in ----------------------------------------- this Section SECTION 11 or elsewhere in this Agreement shall prevent or delay (ai) the Guarantors, except under the conditions described in Section SECTION 11.2, from making payments at any time for the purpose of paying making payments in respect of their respective Guarantee Obligations, or from depositing with the Agent any moneys for such payments, or (bii) subject to Section SECTION 11.2, the application by the Agent of any moneys deposited with it for the purpose of paying making payments in respect of Guarantee Obligations.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Petersen Holdings LLC)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Section 11 12 or elsewhere in this Agreement shall prevent or delay (ai) the Guarantors, except under the conditions described in Section 11.212.2, from making payments at any time for the purpose of paying Guarantee Obligations, or from depositing with the Agent any moneys for such payments, or (bii) subject to Section 11.212.2, the application by the Agent of any moneys deposited with it for the purpose of paying Guarantee Obligations.

Appears in 1 contract

Samples: Senior Subordinated Bridge Loan Agreement (Source Interlink Companies Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Section 11 8 or elsewhere in this Agreement shall prevent or delay (ai) the GuarantorsBorrower, except under the conditions described in Section 11.28.2, from making payments at any time for the purpose of paying Guarantee making payments in respect of its Obligations, or from depositing with the Agent any moneys for such payments, or (bii) subject to Section 11.28.2, the application by the Agent of any moneys deposited with it for the purpose of paying Guarantee making payments in respect of Obligations.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Galey & Lord Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Section 11 or elsewhere in this Agreement shall prevent or delay (ai) the GuarantorsBorrower, except under the conditions described in Section 11.2, from making payments at any time for the purpose of paying Guarantee Obligations, or from depositing with the Agent any moneys for such payments, or (bii) subject to Section 11.2, the application by the Agent of any moneys deposited with it for the purpose of paying Guarantee Obligations.

Appears in 1 contract

Samples: Senior Subordinated Bridge Loan Agreement (Source Interlink Companies Inc)

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Payments May Be Paid Prior to Dissolution. Nothing contained in this Section 11 or elsewhere in this Agreement shall prevent or delay (ai) the Guarantors, except under the conditions described in Section 11.2, from making payments at any time for the purpose of paying making payments in respect of their respective Guarantee Obligations, or from depositing with the Agent any moneys for such payments, or (bii) subject to Section 11.2, the application by the Agent of any moneys deposited with it for the purpose of paying making payments in respect of Guarantee Obligations.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Galey & Lord Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Section 11 8 or elsewhere in this Agreement shall prevent or delay (ai) the GuarantorsCompany, except under the conditions described in Section 11.28.2, from making payments at any time for the purpose of paying Guarantee making payments in respect of its Obligations, or from depositing with the Agent any moneys for such payments, or (bii) subject to Section 11.28.2, the application by the Agent of any moneys deposited with it for the purpose of paying Guarantee making payments in respect of Obligations.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Capstone Pharmacy Services Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Section 11 8 or elsewhere in this Agreement shall prevent or delay (a) the GuarantorsCompany, except under the conditions described in Section 11.28.2, from making payments at any time for the purpose of paying Guarantee Obligations, or from depositing with the Agent any 77 moneys for such payments, or (b) subject to Section 11.28.2, the application by the Agent of any moneys deposited with it for the purpose of paying Guarantee Obligations.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Bio Rad Laboratories Inc)

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