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 30 contracts
Samples: Credit Agreement (Phinia Inc.), Credit Agreement (Phinia Inc.), Letter of Credit Facility 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: Asset Based Term Loan Agreement (Express, Inc.), Asset Based Loan Credit Agreement (Express, Inc.), Asset Based Loan Credit 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, Guarantee and Collateral Agreement (Claires Stores Inc), Abl Credit 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: Second Lien Bridge Credit Agreement (Berry Global Group Inc), Abl 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 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 Letter of Credit Facility Agreement (Dynegy Inc /Il/), Special Letter of Credit Facility Agreement (Dynegy Inc /Il/), First Lien Credit Agreement (Dynegy Inc /Il/)
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 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 requested by the Administrative Agent or 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 Guaranteed Obligations have been irrevocably paid in full in cash.
Appears in 3 contracts
Samples: Guarantee Agreement (Hexion Inc.), Guarantee Agreement, Guarantee Agreement (Momentive Performance Materials 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: Guaranty (Encore Medical, L.P.), Guaranty (ReAble Therapeutics Finance 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 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 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: First Lien Credit Agreement (US Power Generating CO), Second Lien 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 ObligationsObligations until the Obligations have been paid in full in cash.
Appears in 2 contracts
Samples: Second Lien Guarantee and Collateral Agreement (Covalence Specialty Adhesives LLC), Guarantee and Collateral Agreement (Berry Plastics Holding Corp)
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.), Subordination 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 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 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 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: u.s. Guaranty (Nortek Inc), u.s. Guaranty (NTK Holdings, 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 Obligations.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Metrologic Instruments Inc), First Lien Credit Agreement (Metrologic Instruments 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 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: Senior Secured Superpriority Debtor in Possession Credit Agreement (AbitibiBowater Inc.), Credit Agreement (AbitibiBowater 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 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: First Lien Credit and Guaranty Agreement (Talen Energy Supply, LLC)
Prohibited Payments, Etc. Except during the continuance of an Event of Default, each Subsidiary 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 Subsidiary Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 1 contract
Samples: Senior Revolving Credit Agreement (Adams Respiratory Therapeutics, 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 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: Senior Secured Debtor in Possession Credit 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 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 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: Senior Secured Priming Debtor in Possession Credit Agreement (Amf Bowling Worldwide 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 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: First Lien Guarantee and Collateral Agreement (Covalence Specialty Adhesives LLC)
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 payments, receivables or advances from any other Loan Securities 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 Termination Date.
Appears in 1 contract
Samples: Collateral Agreement (Aeroways, LLC)
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