Common use of Prepayment of Debt Clause in Contracts

Prepayment of Debt. The Borrower will not prepay, and will not permit any Subsidiary to prepay, any Debt, except the Indebtedness.

Appears in 2 contracts

Samples: Loan Agreement (United Development Funding IV), Loan Agreement (United Development Funding IV)

AutoNDA by SimpleDocs

Prepayment of Debt. The Such Borrower will not prepay, and will not permit any Subsidiary of its Subsidiaries to prepay, any Debt, except the IndebtednessObligations.

Appears in 1 contract

Samples: Loan Agreement (Marcum Natural Gas Services Inc/New)

Prepayment of Debt. The Borrower will not prepay, and will not permit any Subsidiary to prepay, any Debt, except (a) the IndebtednessObligations and (b) as permitted on written agreements with the Administrative Agent relating to Subordinated Debt.

Appears in 1 contract

Samples: Credit Agreement (Home Solutions of America Inc)

Prepayment of Debt. The Other than prepayment of Debt with the proceeds of a refinancing of such Debt, the Borrower will not prepay, and will not permit any Subsidiary to prepay, any Debt, except the IndebtednessObligations.

Appears in 1 contract

Samples: Loan Agreement (Spacehab Inc \Wa\)

Prepayment of Debt. The Borrower will not prepay, and will not permit any Subsidiary to prepay, any Debt, except (i) the IndebtednessObligations or (ii) the Subordinate Debt provided such Subordinate Debt is reduced solely from proceeds of the Corporate Guarantor's public offering.

Appears in 1 contract

Samples: Loan Agreement (First Wave Marine Inc)

Prepayment of Debt. The Borrower will not prepaynot, and will not permit any Subsidiary to prepay, prepay or optionally redeem any Debt, except Debt other than the IndebtednessObligations.

Appears in 1 contract

Samples: Credit Agreement (Horizon Health Corp /De/)

AutoNDA by SimpleDocs

Prepayment of Debt. The Borrower will not prepay, and will not permit any Subsidiary to prepay, any Debt, except (a) the IndebtednessObligations and (b) as otherwise expressly permitted by any Subordination Agreement.

Appears in 1 contract

Samples: Loan Agreement (Nobilis Health Corp.)

Prepayment of Debt. The Borrower will not prepay, and will not ------------------ permit any Subsidiary to prepay, any Debt, except the IndebtednessObligations.

Appears in 1 contract

Samples: Loan Agreement (Pizza Inn Inc /Mo/)

Prepayment of Debt. The Borrower will not prepay, and will not permit any Subsidiary to prepay, any Debt, except the IndebtednessObligations and Existing Debt.

Appears in 1 contract

Samples: Loan Agreement (Vertical Capital Income Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!