Common use of Prepayment of Debts Clause in Contracts

Prepayment of Debts. Prepay, purchase, redeem or defease any Debt for money borrowed (including without limitation any Subordinated Debt) or any capital leases, excluding refinancings or renewals of such Debt in the same or lesser amounts (and giving effect to any required amortization) on substantially the same terms or on terms more favorable to the obligor thereunder, and otherwise in compliance with this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

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Prepayment of Debts. Prepay, purchase, redeem or defease any Debt for money borrowed (including without limitation any Subordinated Debt) or any capital leases, excluding refinancings refinancings, extensions or renewals of such Debt in the same or lesser amounts (and giving effect to any required amortization) on substantially the same terms or on terms more favorable to the obligor thereunder, and otherwise in compliance with this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Olympic Steel Inc), Credit Agreement (Olympic Steel Inc)

Prepayment of Debts. Prepay, purchase, redeem or defease any Debt for money borrowed (including without limitation any Subordinated Debt) or any capital leasesleases excluding, excluding refinancings or renewals subject to the terms hereof, the Indebtedness and except for prepayments, purchases and redemptions of such Debt in the same or lesser amounts (and giving effect to an aggregate amount not exceeding $500,000 during any required amortization) on substantially the same terms or on terms more favorable to the obligor thereunder, and otherwise in compliance with this Agreementsingle fiscal year of Company.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Meadowbrook Insurance Group Inc), Credit Agreement (Meadowbrook Insurance Group Inc)

Prepayment of Debts. Prepay, purchase, redeem or defease any Funded Debt for money borrowed (including without limitation any Subordinated Debt) or any capital leases, excluding refinancings or renewals of such Debt in the same or lesser amounts (and giving effect to any required amortization) on substantially the same terms or on terms more favorable to the obligor thereunder, and otherwise in compliance with this AgreementCapitalized Leases.

Appears in 2 contracts

Samples: Credit Agreement (Nexx Systems Inc), Credit Agreement (Nexx Systems Inc)

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Prepayment of Debts. Prepay, purchase, redeem or defease any Debt for money borrowed (including without limitation any Subordinated Debt) or any capital leasesCapitalized Leases, excluding refinancings or renewals of such provided, however that the Borrowers may make (i) payments under the Subordinated Debt Documents to the extent permitted under the applicable Subordination Agreements, (ii) payments on the Holdings Note to the extent and in the same or lesser amounts manner otherwise permitted by this Agreement, and (and giving effect to any required amortizationiii) on substantially the same terms or on terms more favorable subject to the obligor thereunderterms hereof, and otherwise in compliance with this Agreementprepayments of the Indebtedness.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Staktek Holdings Inc)

Prepayment of Debts. Prepay, purchase, redeem redeem, defease or defease make any payment on any Debt for money borrowed (including without limitation any Subordinated Debt) or any capital leases, excluding refinancings or renewals of such Debt or leases in the same or lesser amounts (and giving effect to any required amortization) on substantially the same terms or on terms more favorable to the obligor thereunder, and otherwise in compliance with this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Quanex Corp)

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