Common use of Prepayment of Other Debt Clause in Contracts

Prepayment of Other Debt. Retire any long-term debt entered into prior to the date of this Agreement at a date in advance of its legal obligation to do so.

Appears in 1 contract

Samples: Loan Agreement (Kenan Transport Co)

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Prepayment of Other Debt. Retire any long-term debt entered into prior ------------------------- to the date of this Agreement at a date in advance of its legal obligation to do so, except as such prepayment may result in substantial savings to Borrower or otherwise be in Borrower's best interest while resulting in no impairment of Borrower's ability to pay all obligations to Bank as the same shall become due.

Appears in 1 contract

Samples: Loan Agreement (Techforce Corp)

Prepayment of Other Debt. Retire any long-term debt entered into prior to the date of this Agreement at a date in advance of its legal obligation to do so; provided that Borrower and any Guarantor may make earn-out and deferred payments in connection with Permitted Acquisitions.

Appears in 1 contract

Samples: Loan Agreement (Think Partnership Inc)

Prepayment of Other Debt. Retire any long-term debt entered into prior to the date of this Agreement at a in advance of its legal obligation to do so other than in connection with refinancing; provided, however, so long as no principal or interest is then outstanding under the Loan and no Default exists, Borrower may retire any long-term debt entered into prior to the date of this Agreement in advance of its legal obligation to do so.. Retire or Repurchase

Appears in 1 contract

Samples: Loan Agreement (Bluegreen Corp)

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Prepayment of Other Debt. Retire any long-term debt entered into prior to the date of this Agreement at a date in advance of its legal obligation to do so, excluding the notes currently held by Xxx and Xxxxxx Xxxxxx, and Xxxx Xxxxx.

Appears in 1 contract

Samples: Loan Agreement (ScripsAmerica, Inc.)

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