Payments on Indebtedness. No Loan Party shall make any payment or (p)repayment on, purchase, defease, redeem, pay, (p)repay, decrease or otherwise acquire or retire for value, any Indebtedness other than as expressly contemplated hereby and Indebtedness under the Notes in accordance with the provisions of this Agreement, except that outside of the continuance of an Event of Default, each Borrower and each other Loan Party may make (a) regular interest payments on Permitted Indebtedness in accordance with the provisions of the agreements related to such Permitted Indebtedness disclosed to the Purchasers prior to the date hereof, (b) scheduled principal repayments toward Permitted Indebtedness (other than the Jupiter Credit Facility) in accordance with the provisions of the agreements related to such Permitted Indebtedness disclosed to the Purchasers prior to the date hereof, and (c) such other payments of Indebtedness as consented to in writing by the Noteholder Representative. Notwithstanding the previous sentence, no Loan Party shall be permitted to make payment in respect of any shareholder loans, except if such payment is to another Loan Party that is not an Immaterial Subsidiary and no payments may be made toward Permitted Indebtedness if and to the extent such payments would, but for the passage of time, result in an Event of Default under any Loan Document.
Payments on Indebtedness. Borrower shall not make any principal payment (including without limitation any prepayment) on any indebtedness except indebtedness owing to CoBank under the Loan Documents and, so long as no Event of Default or Potential Default shall exist, indebtedness not prohibited by Section 12.1 of this Agreement.
Payments on Indebtedness. 36 13.7 Merger; Acquisitions; Etc ....................................... 36 13.8 Loans, Advances and Investments ................................. 36 13.9 Transactions With Related Parties ............................... 36 13.10 ERISA .......................................................... 36
Payments on Indebtedness. Pay all Indebtedness when due, including the principal amount of each Money Advance and accrued interest thereon, in accordance with the terms of this Agreement, whether by acceleration or otherwise. Furthermore, Borrower shall not have any Money Advances outstanding hereunder contrary to any provisions, limitations or restrictions hereof, including, but not limited to, any Money Advances in excess of the Line of Credit Loan Base which are not immediately repaid to HCA.
Payments on Indebtedness repayments, prepayments, repurchases, redemptions and other cash payments made by the Borrower Parties with respect to the principal of any Indebtedness (including principal representing capitalized interest) or the principal component of any Capitalized Lease Obligations of the Borrower Parties during such period (excluding voluntary and mandatory prepayments of Term Loans), including all premium, make-whole or penalty payments paid in cash (to the extent such payments are not expensed during such period or are not deducted in calculating Consolidated Net Income) and all repayments with respect to revolving Indebtedness to the extent accompanied by a corresponding reduction in commitments; plus
Payments on Indebtedness. Issuer shall fail to pay when due any principal of or interest on any Indebtedness (other than the Indebtedness owing to Purchaser), which failure could reasonably be expected to have a Material Adverse Effect, or the maturity of any such Indebtedness shall have been accelerated and could reasonably be expected to have a Material Adverse Effect, or any such Indebtedness shall have been required to be prepaid prior to the stated maturity thereof and such prepayment would have a Material Adverse Effect;
Payments on Indebtedness. The Loan Parties will not, and will not permit any of their Subsidiaries to, declare or make, or agree to pay for or make, directly or indirectly, any payment of principal or interest or any purchase, redemption, retirement, acquisition or defeasance with respect to any Indebtedness of such Person under the Second Lien Credit Documents or any other Indebtedness which is subordinated to the payment of the Obligations except that the Company, or any Subsidiary may make payments with respect to the Second Lien Credit Documents to the extent permitted by Section 4.3 of the Intercreditor Agreement; provided, notwithstanding the foregoing, the Loan Parties may make a voluntary prepayment with respect to the Second Lien Credit Documents in connection with the occurrence of the Second Lien Satisfaction Date so long as both before and after giving effect to such payment (calculated on a pro forma basis as if such payment had been made on the first day of the most recently ended Measurement Period for which financial statements are required to have been delivered pursuant to Section 6.1): (a) no Default or Event of Default shall exist, (b) Availability on the date of such payment and for each of the 30 days immediately preceding such payment shall be greater than or equal to $10,000,000, (c) the Loan Parties shall have a Consolidated Fixed Charge Coverage Ratio of at least 1:00 to 1:00, and (d) either (i) (A) Consolidated EBITDA shall be greater than or equal to $15,000,000 and (B) the Administrative Agent shall have received the audited financial statements and unqualified opinion required pursuant to Section 6.1(a) for the Fiscal Year ending December 31, 2020, or (ii) (A) Consolidated EBITDA (determined on a trailing three month basis pursuant to clause (b) of the definition of “Measurement Period”) shall be greater than or equal to $7,500,000 and (B) Consolidated EBITDA shall be greater than or equal to $30,000,000.
Payments on Indebtedness. 30 12.7 Change in Business Structure ..........................................................................30 12.8 Loans, Advances and Investments .......................................................................30 12.9 Transactions With Related Parties .....................................................................30 12.10 ERISA ................................................................................................30
Payments on Indebtedness. The Company shall fail to pay when due any principal of or interest on any Indebtedness or the maturity of any such Indebtedness shall have been accelerated, or any such Indebtedness shall have been required to be prepaid prior to the stated maturity thereof, or any event shall have occurred and shall continue uncured for twenty (20) days following notice provided by the Purchaser via electronic mail to the Company’s President or as otherwise provided by Section 9.11, that permits (or, with the giving of notice or lapse of time or both, would permit) any holder or holders of such Indebtedness or any Person acting on behalf of such holder or holders to accelerate the maturity thereof or require any such prepayment;
Payments on Indebtedness. Prepay, redeem, purchase or defease (other than by regularly scheduled payments), or permit any of its Subsidiaries to prepay, redeem, purchase or defease (other than by regularly scheduled payments), any principal or interest on any Indebtedness other than (i) Indebtedness under the Senior Loan Agreement (ii) Indebtedness under the Note and (iii) Indebtedness described in clauses (iv), (vi) and (viii) of the definition of Permitted Indebtedness;
