Payments on Senior Notes. Borrower will not (i) make any payment (including any principal, premium, interest, fee or charge) with respect to any of the Senior Notes Obligations except (a) regularly scheduled interest payments on the Senior Notes, (b) a mandatory repurchase of Senior Notes upon a Change of Control (as defined in the Senior Notes Indenture) under Section 4.22 of the Senior Notes Indenture, together with accrued but unpaid interest on such Senior Notes in accordance with such section of the Senior Notes Indenture; provided that no proceeds from any Loan may be used to make such mandatory repurchase, (c) a mandatory repurchase of Senior Notes upon an Asset Sale (as defined in the Senior Notes Indenture) under Section 4.10 of the Senior Notes Indenture, together with accrued but unpaid interest on such Senior Notes in accordance with such section of the Senior Notes Indenture; provided that no proceeds from any Loan may be used to make such mandatory repurchase, and (d) Permitted Excess Cash Flow Repurchases or (ii) repurchase, redeem, defease, acquire or reacquire for value any of the Senior Notes except (a) a mandatory repurchase under clause (i)(b) or (i)(c) above in the manner, and to the extent, provided therein and (b) Permitted Excess Cash Flow Repurchases.
Payments on Senior Notes. 58 10.29 Collateral............................................................. 58 10.30 Subsidiaries........................................................... 59 10.31
Payments on Senior Notes. Not, and not permit any Subsidiary to, ------------------------ purchase, redeem, prepay or make any other payment on the Senior Notes other than payments required to be made under the Indenture or the Senior Notes; provided, however, that the Company may purchase Senior Notes for its own -------- ------- account so long as (i) no Event of Default or Unmatured Event of Default shall exist immediately before or after giving effect to such purchase, and (ii) the Company shall not use the proceeds of any Loans to make any such purchase, and (iii) prior to making any such purchase, the aggregate unused amount of the Revolving Commitments (taking into account any Borrowing Base limitation) shall equal or exceed $10,000,000.
Payments on Senior Notes. So long as any Existing Noteholder or such Existing Noteholder’s nominee shall be the holder of any Senior Note, and notwithstanding anything contained in this Agreement or the Senior Note to the contrary, the Company will pay all sums becoming due on such Senior Note for principal, Make-Whole Amount, if any, and interest by the method and at the address specified for such purpose for such Existing Noteholder on Schedule A, or by such other reasonable method or at such other address as such Existing Noteholder shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Senior Note (except pursuant to Section 3.2(b) or the making of any notation thereon, except that concurrently with or as promptly as practicable after payment or prepayment in full of any Senior Note, such Existing Noteholder shall surrender such Senior Note for cancellation to the Company at its principal executive office or at the place of payment most recently designated by the Company to the Existing Noteholders in writing. Prior to any sale or other disposition of any Senior Note held by any Existing Noteholder or such Existing Noteholder’s nominee, such Existing Noteholder will surrender such Senior Note to the Company in exchange for a new Senior Note or Senior Notes pursuant to Section 15.2. The Company will afford the benefits of this Section 16 to any Institutional Investor that is the direct or indirect transferee of any Senior Note held by any Existing Noteholder and that has made the same agreement relating to such Senior Note as such Existing Noteholder has made in this Section 16.
Payments on Senior Notes
