Prohibited Payments, Etc. Except during the continuance of an Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such Borrower), the Company may receive regularly scheduled payments from such Borrower on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such Borrower), however, unless the Required Lenders otherwise agree, the Company shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 8 contracts
Samples: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such any other Borrower), the Company may receive regularly scheduled payments from such any other Borrower on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such any other Borrower), however, unless the Required Lenders otherwise agree, the Company shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 6 contracts
Samples: Reaffirmation Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De)
Prohibited Payments, Etc. Except during the continuance of an Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law bankruptcy law relating to such any other Borrower), the Company may receive regularly scheduled payments from such any other Borrower on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law bankruptcy law relating to such any other Borrower), however, unless the Required Lenders otherwise agree, the Company shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 5 contracts
Samples: Credit Agreement (LUBRIZOL Corp), Credit Agreement (Lubrizol Corp), Credit Agreement (Lubrizol Corp)
Prohibited Payments, Etc. Except during the continuance of an Event of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such Borrowerany other Obligor), the Company each Guarantor may receive regularly scheduled payments from such Borrower any other Obligor on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law bankruptcy law relating to such Borrowerany other Obligor), however, unless the Required Lenders Holders otherwise agree, the Company no Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Itc Deltacom Inc), Note Purchase Agreement (Itc Deltacom Inc)
Prohibited Payments, Etc. Except during the continuance of an Event of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such any other Borrower), the Company may receive regularly scheduled payments from such any other Borrower on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such any other Sealed Air β Credit Agreement 135 Borrower), however, unless the Required Lenders otherwise agree, the Company shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
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Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such Borrower), the Company may receive regularly scheduled payments from such Borrower on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such Borrower), however, unless the Required Lenders otherwise agree, the Company shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
Appears in 1 contract
Samples: Year Credit Agreement (Dentsply International Inc /De/)
Prohibited Payments, Etc. Except during the continuance of an Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such the Borrower), the Company Guarantor may receive regularly scheduled payments from such the Borrower on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such the Borrower), however, unless the Required Majority Lenders otherwise agree, the Company Guarantor not shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.
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