Common use of Prepayments of Other Indebtedness Clause in Contracts

Prepayments of Other Indebtedness. The Credit Parties shall not, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Subordinated Debt other than intercompany Indebtedness expressly permitted under Section 5.1(c).

Appears in 3 contracts

Samples: Credit Agreement (Exopack Holding Corp), Credit Agreement (Exopack Holding Corp), Credit Agreement (Exopack Holding Corp)

AutoNDA by SimpleDocs

Prepayments of Other Indebtedness. The Credit Parties shall not, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Subordinated Debt other than intercompany Indebtedness expressly permitted under Section 5.1(c)reflecting amounts owing to any Credit Party.

Appears in 2 contracts

Samples: Credit Agreement (Accuro Healthcare Solutions, Inc.), Credit Agreement (Accuro Healthcare Solutions, Inc.)

Prepayments of Other Indebtedness. The Credit Parties shall not, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Subordinated Debt Indebtedness, other than (i) the Obligations; (ii) Indebtedness secured by a Permitted Encumbrance if the asset securing such Indebtedness has been sold or otherwise disposed of in accordance with Section 3.7(b), and (iii) intercompany Indebtedness expressly permitted under Section 5.1(c)reflecting amounts owing to Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Atlantis Plastics Inc)

Prepayments of Other Indebtedness. The Credit Parties shall not, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Subordinated Debt Indebtedness, other than (a) the Obligations; (b) Indebtedness secured by a Permitted Encumbrance if the asset securing such Indebtedness has been sold or otherwise disposed of in accordance with Section 3.7(b), and (c) intercompany Indebtedness expressly permitted under Section 5.1(c)reflecting amounts owing to Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Osullivan Industries Inc)

AutoNDA by SimpleDocs

Prepayments of Other Indebtedness. The No Credit Parties shall notParty shall, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Subordinated Debt Indebtedness, other than (i) the Obligations and (ii) intercompany Indebtedness expressly permitted under Section 5.1(c)reflecting amounts owing to Borrower or any Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Playtex Products Inc)

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