Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 26 contracts
Samples: Credit Agreement (Phinia Inc.), Letter of Credit Facility Agreement (Eastman Kodak Co), Credit Agreement (Eastman Kodak Co)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 17 contracts
Samples: Loan Credit Agreement (Express, Inc.), Asset Based Term Loan Agreement (Express, Inc.), Security Agreement (Express, Inc.)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments payments, receivables or advances from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated ObligationsObligations until the Obligations have been paid in full in cash or immediately available funds.
Appears in 8 contracts
Samples: Guarantee and Collateral Agreement, Credit Agreement (Claires Stores Inc), Intercreditor Agreement (Claires Stores Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless if required by the Required Lenders otherwise agreeLenders, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated ObligationsObligations until the Obligations have been paid in full in cash.
Appears in 6 contracts
Samples: Receivables Purchase Agreement (Berry Global Group Inc), Credit Agreement (Noranda Aluminum Holding CORP), Guarantee and Collateral Agreement (Noranda Aluminum Holding CORP)
Prohibited Payments, Etc. Except during the continuance of an any Event of DefaultDefault under Section 6.01(a) or (f), each Guarantor may receive regularly scheduled payments from any other Loan Credit Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of DefaultDefault under Section 6.01(a) or (f), however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 4 contracts
Samples: Credit Agreement (Td Ameritrade Holding Corp), Credit Agreement (Td Ameritrade Holding Corp), Credit Agreement (Td Ameritrade Holding Corp)
Prohibited Payments, Etc. Except during the continuance of an Event of a Specified Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of a Specified Default, however, unless the Required Lenders Administrative Agent otherwise agreeagrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 4 contracts
Samples: Credit Agreement (Alliant Techsystems Inc), Credit Agreement (Alliant Techsystems Inc), Credit Agreement (Alliant Techsystems Inc)
Prohibited Payments, Etc. Except during the continuance of an any Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated ObligationsObligations other than to the extent payment of such Subordinated Obligations is permitted under the terms of the Security Deposit Agreement (including, without limitation, Section 3.18 thereof).
Appears in 4 contracts
Samples: First Lien Credit Agreement (Dynegy Inc /Il/), Second Lien Credit Agreement (Dynegy Inc /Il/), Credit Facility Agreement (Dynegy Inc /Il/)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.. 162
Appears in 3 contracts
Samples: Credit Agreement (Atmus Filtration Technologies Inc.), Credit Agreement (Atmus Filtration Technologies Inc.), Credit Agreement (Cummins Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of a Default, each Guarantor may receive regularly scheduled payments or other payments then due from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Trident Resources Corp), Credit Agreement (Trident Resources Corp)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any an Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Maguire Properties Inc), Credit Agreement (Maguire Properties Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of a Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Neustar Inc), Credit Agreement (Hexacomb CORP)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated ObligationsObligations until the Obligations have been paid in full in cash.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Berry Plastics Holding Corp), Guarantee and Collateral Agreement (Covalence Specialty Adhesives LLC)
Prohibited Payments, Etc. Except during the continuance of an any Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Polycom Inc), Credit Agreement (Polycom Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of DefaultDefault and after notice from the Collateral Agent, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of DefaultDefault and after notice from the Collateral Agent, however, unless the Required Lenders Collateral Agent otherwise agreeagrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Encore Medical, L.P., ReAble Therapeutics Finance LLC
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments payments, receivables or advances from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated ObligationsObligations until the Obligations have been paid in full in cash.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Claires Stores Inc), Guarantee and Collateral Agreement (Claires Stores Inc)
Prohibited Payments, Etc. Except during the continuance of an any Event of DefaultDefault under Section 6.01(a) or (f), each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of DefaultDefault under Section 6.01(a) or (f), however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Td Ameritrade Holding Corp), Credit Agreement (Td Ameritrade Holding Corp)
Prohibited Payments, Etc. Except during the continuance of an Event of a Default, each Guarantor may receive regularly scheduled payments from any other Loan Credit Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Possession Credit Agreement (AbitibiBowater Inc.), Possession Credit Agreement (AbitibiBowater Inc.)
Prohibited Payments, Etc. Except during the continuance of an Event of DefaultDefault that has resulted in acceleration, each Guarantor may receive (and pay) regularly scheduled payments from (or to) any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of DefaultDefault that has resulted in acceleration, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Credit Agreement (US Power Generating CO), Credit Agreement (US Power Generating CO)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Metrologic Instruments Inc), Credit Agreement (Metrologic Instruments Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders Administrative Agent otherwise agreeagrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Nortek Inc), Credit Agreement (NTK Holdings, Inc.)
Prohibited Payments, Etc. Except during the occurrence and continuance of an Event of a Default, each Guarantor may receive regularly scheduled payments from any other Loan Transaction Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Guaranty (Digital Domain Media Group, Inc.), Security Agreement (Digital Domain Media Group, Inc.)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders Administrative Agent otherwise agreeagrees, no such Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 1 contract
Samples: Credit Agreement (Ceradyne Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Revolving Required Lenders and Term Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated ObligationsObligations until the Obligations have been paid in full in cash.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Covalence Specialty Adhesives LLC)
Prohibited Payments, Etc. Except during the continuance of an Event of a ------------------------ Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 1 contract
Samples: Amf Bowling Worldwide Inc
Prohibited Payments, Etc. Except during the continuance of an any Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 1 contract
Samples: Credit Agreement (Neustar Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders Lender otherwise agreeagrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 1 contract
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless until the Required Lenders otherwise agreeprovide written notice, no any Guarantor shall may demand, accept or take any action to collect any payment on account of the Subordinated Obligations. Once all such Events of Default are cured or waived, each Guarantor automatically has the right to receive such payment.
Appears in 1 contract
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders Collateral Agent otherwise agreeagrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 1 contract
Samples: Security Agreement (TLC Vision Corp)
Prohibited Payments, Etc. Except during the continuance of an any Event of Default, each Guarantor may receive regularly scheduled payments from any other Loan Party on account of the Subordinated ObligationsObligations in compliance with the Security Deposit Agreement. After the occurrence and during the continuance of any Event of Default, however, unless the Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.the
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Talen Energy Supply, LLC)
