Common use of Prepayments, Etc., of Debt Clause in Contracts

Prepayments, Etc., of Debt. (i) Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Debt that is subordinated to the Advances hereunder, unsecured, or subject to any Lien that is junior to the Liens securing the Advances, except (v) with the proceeds of a Permitted Refinancing, (w) regularly scheduled payments of interest in respect of any Credit Agreement Refinancing Debt and any Permitted Refinancing in respect thereof in accordance with the terms of, and only to the extent required by, and subject to any subordination provisions contained in, the indenture or other agreement pursuant to which such Debt was issued, incurred or obtained, (x) regularly scheduled or other required repayments or redemptions of Surviving Debt in accordance with the terms thereof, (y) payments or prepayments of any Debt payable to the Borrower and (z) in an amount not to exceed the then current Distributable Amount, or (ii) amend, modify or change in any manner any term or condition of any Surviving Debt, Credit Agreement Refinancing Debt, or any Permitted Refinancing in respect thereof, or any Debt incurred under Section 5.02(b)(vii) or (viii), in a manner materially adverse to the Lenders, or permit any of its Subsidiaries to do any of the foregoing other than to repay or prepay any Debt payable to the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Ntelos Holdings Corp), Credit Agreement (Ntelos Holdings Corp)

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Prepayments, Etc., of Debt. (i) Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Debt that is subordinated to the Advances hereunder, unsecured, or subject to any Lien that is junior to the Liens securing the AdvancesDebt, except (vA) with the proceeds prepayment of a Permitted Refinancing, (w) regularly scheduled payments of interest in respect of any Credit Agreement Refinancing Debt and any Permitted Refinancing in respect thereof the Advances in accordance with the terms of, and only to the extent required by, and subject to any subordination provisions contained in, the indenture or other agreement pursuant to which such Debt was issued, incurred or obtainedof this Agreement, (xB) regularly scheduled or other required repayments or prepayments or redemptions of the Second Lien Facility in accordance with the terms of the Second Lien Loan Documents, (C) regularly scheduled (including repayments of revolving facilities) or required repayments or redemptions of Surviving Debt, (D) any prepayments or redemptions of Surviving Debt in accordance connection with the terms thereofa refunding or refinancing of such Surviving Debt permitted by Section 5.02(b)(iii), or (yE) payments or prepayments any repayments of any Debt payable to the Borrower and (z) in an amount not Company or its Restricted Subsidiaries that was permitted to exceed the then current Distributable Amount, or be incurred under this Agreement; (ii) amend, modify or change in any manner adverse to the Lenders any term or condition of any Surviving Debt, Credit Agreement Refinancing Debt or Subordinated Debt, or any Permitted Refinancing in respect thereof, or any Debt incurred under Section 5.02(b)(vii(iii) or (viii), in a manner materially adverse to the Lenders, or permit any of its Restricted Subsidiaries to do any of the foregoing other than to repay or prepay any Debt permitted to be incurred hereunder payable to the BorrowerCompany or another Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Metrologic Instruments Inc)

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Prepayments, Etc., of Debt. (i) Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Debt that is subordinated to the Advances hereunder, unsecured, or subject to any Lien that is junior to the Liens securing the AdvancesDebt, except (vA) with the proceeds prepayment of a Permitted Refinancing, (w) regularly scheduled payments of interest in respect of any Credit Agreement Refinancing Debt and any Permitted Refinancing in respect thereof the Advances in accordance with the terms of, and only to the extent required by, and subject to any subordination provisions contained in, the indenture or other agreement pursuant to which such Debt was issued, incurred or obtainedof this Agreement, (xB) regularly scheduled or other required repayments or prepayments or redemptions of the First Lien Facility in accordance with the terms of the First Lien Loan Documents, (C) regularly scheduled (including repayments of revolving facilities) or required repayments or redemptions of Surviving Debt, (D) any prepayments or redemptions of Surviving Debt in accordance connection with the terms thereofa refunding or refinancing of such Surviving Debt permitted by Section 5.02(b)(iv), or (yE) payments or prepayments any repayments of any Debt payable to the Borrower and (z) in an amount not or its Restricted Subsidiaries that was permitted to exceed the then current Distributable Amount, or be incurred under this Agreement; (ii) amend, modify or change in any manner adverse to the Lenders any term or condition of any Surviving Debt, Credit Agreement Refinancing Debt or Subordinated Debt, or any Permitted Refinancing in respect thereof, or any Debt incurred under Section 5.02(b)(vii(iii) or (viii), in a manner materially adverse to the Lenders, or permit any of its Restricted Subsidiaries to do any of the foregoing other than to repay or prepay any Debt permitted to be incurred hereunder payable to the BorrowerBorrower or another Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Metrologic Instruments Inc)

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