Common use of Permitted Payments Clause in Contracts

Permitted Payments. At any time other than during the continuation of a Default or Event of Default under the Credit Agreement, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.

Appears in 8 contracts

Samples: Credit Agreement, Credit Agreement (Enbridge Energy Partners Lp), Credit Agreement (Enbridge Energy Partners Lp)

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Permitted Payments. At any time other than during Prior to the continuation occurrence of a Default or an Event of Default under the Credit Agreementwhich is continuing, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive any payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.

Appears in 3 contracts

Samples: Credit Agreement (Nova Chemicals Corp /New), Credit Agreement (Nova Chemicals Corp /New), Credit Agreement (Nova Chemicals Corp /New)

Permitted Payments. At any time other than during the continuation of a Default or Event of Default under the Credit AgreementAgreements, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.

Appears in 2 contracts

Samples: Term Loan Agreement (Questar Corp), 364 Day Revolving Credit Agreement (Questar Corp)

Permitted Payments. At any time other than during the continuation of a Default or Event of Default under the Credit Agreement, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.

Appears in 2 contracts

Samples: Assignment and Assumption (Questar Corp), Term Loan Credit Agreement (Questar Market Resources Inc)

Permitted Payments. At any time other than during the continuation of a Default or Event of Default under the a Credit Agreement, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.. 716717.9

Appears in 1 contract

Samples: Credit Agreement (Questar Market Resources Inc)

Permitted Payments. At any time other than during the continuation of a Default or Event of Default under the Credit Agreement, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.. ARTICLE 4

Appears in 1 contract

Samples: Credit Agreement (Enbridge Energy Partners Lp)

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Permitted Payments. At any time other than during Prior to the continuation occurrence of a Default or Event of Default under the 364-Day Credit AgreementAgreement which is continuing, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Enbridge Energy Limited Partnership)

Permitted Payments. At any time other than during the continuation of a Default or Event of Default under the 364-Day Credit Agreement, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Enbridge Energy Partners Lp)

Permitted Payments. At any time other than during Prior to the continuation occurrence of a Default or Event of Default under the Credit AgreementAgreement which is continuing, the Subordinated Creditor shall, subject to Section 2.2, be entitled to receive payments on account of any Subordinated Indebtedness in accordance with the terms of such Subordinated Indebtedness.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Enbridge Energy Partners Lp)

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