Common use of PREPAYMENT OF OUTSTANDING DEBT Clause in Contracts

PREPAYMENT OF OUTSTANDING DEBT. Pay, in whole or in part, any outstanding Debt (other than the Loans) of the Borrower or any Guarantor or any Subsidiary of the Borrower or any Guarantor which by its terms is not then due and payable (other than the Loans).

Appears in 2 contracts

Samples: Loan Agreement (Manchester Equipment Co Inc), Loan Agreement (Manchester Equipment Co Inc)

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PREPAYMENT OF OUTSTANDING DEBT. Pay, in whole or in part, any outstanding Debt (other than the Loans) of the Borrower or any Guarantor or any Subsidiary of the Borrower or any Guarantor which by its terms is not then due and payable (other than the Loans)payable.

Appears in 2 contracts

Samples: Loan Agreement (Gristedes Foods Inc), Loan Agreement (Gristedes Foods Inc)

PREPAYMENT OF OUTSTANDING DEBT. Pay, in whole or in part, any outstanding Debt (other than the Loans) of the Borrower or any Guarantor or any Subsidiary of the Borrower or any Guarantor which by its terms is not then due and payable (other than the Loans).

Appears in 1 contract

Samples: Loan Agreement (Hirsch International Corp)

PREPAYMENT OF OUTSTANDING DEBT. Pay, in whole or in part, any outstanding Debt (other than the LoansLoans and Capital Leases existing on the date hereof) of the Borrower or any Guarantor or any Subsidiary of the Borrower or any Guarantor which by its terms is not then due and payable (other than the LoansLoans and Capital Leases existing on the date hereof).

Appears in 1 contract

Samples: Loan Agreement (Manchester Technologies Inc)

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PREPAYMENT OF OUTSTANDING DEBT. Pay, in whole or in part, any outstanding Debt (other than Debt owing to the LoansBank) of the Borrower or any Guarantor or any Subsidiary of the Borrower or any Guarantor Borrower, which by its terms is not then due and payable (other than the Loans)payable.

Appears in 1 contract

Samples: Loan Agreement (Medical Action Industries Inc)

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