Common use of Prohibited Payments, Etc Clause in Contracts

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to such Borrower), such Guarantor 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 Debtor Relief Law relating to such Borrower), however, unless the Required Lenders otherwise agree, such Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Lululemon Athletica Inc.), 364 Day Credit Agreement (Lululemon Athletica Inc.), Credit Agreement (Lululemon Athletica Inc.)

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Prohibited Payments, Etc. Except during the continuance of an Event of a Default under (including the commencement and continuation of any proceeding under any Debtor Relief Law Laws relating to such Borrowerany other Loan Party), such each Guarantor may receive regularly scheduled payments from such Borrower any other Loan Party 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 Debtor Relief Law Laws relating to such Borrowerany other Loan Party), however, unless the Required Lenders otherwise agree, such no Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 3 contracts

Samples: Credit Agreement (ESAB Corp), Credit Agreement (ESAB Corp), Credit Agreement (Colfax CORP)

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Bankruptcy Law relating to such the Borrower), such each 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 Debtor Relief Bankruptcy Law relating to such the Borrower), however, unless the Required Lenders otherwise agree, such 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: Credit Agreement (Hillenbrand, Inc.), Credit Agreement (Hill-Rom Holdings, Inc.)

Prohibited Payments, Etc. Except during the continuance of an Event of a Default under (including the commencement and continuation of any proceeding under any Debtor Relief Bankruptcy Law relating to such Borrowerany other Obligor), such 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 Debtor Relief Law bankruptcy law relating to such Borrowerany other Obligor), however, unless the Required Lenders Holders otherwise agree, such 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: Note Purchase Agreement (Itc Deltacom Inc), Securities Purchase Agreement (Itc Deltacom Inc)

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to such Borrowerany Loan Party), such Guarantor the Guarantors may receive regularly scheduled payments from such Borrower the other Loan Parties 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 Debtor Relief Law relating to such Borrowerany Loan Party), however, unless the Required Majority Lenders otherwise agree, such no 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 (Olin Corp)

Prohibited Payments, Etc. Except during the continuance of an any Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Bankruptcy Law relating to such Borrowerany other Obligor), such 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 Debtor Relief Law Bankruptcy Code relating to such Borrowerany other Obligor), however, unless the Required Lenders otherwise agree, such no Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 1 contract

Samples: Term Loan Agreement (Pioneer Companies Inc)

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to such Borrower), such Guarantor 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 Debtor Relief Law relating to such Borrower), however, unless the Required Lenders otherwise agree, such Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.. 103 Lululemon Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Lululemon Athletica Inc.)

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Bankruptcy Law relating to such the Borrower), such the 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 Debtor Relief Bankruptcy Law relating to such the Borrower), however, unless the Required Majority Lenders otherwise agree, such the Guarantor not 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 (Columbia Pipeline Group, Inc.)

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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 Debtor Relief Law Bankruptcy Proceeding relating to such Borrowerany other Grantor), such each Guarantor may receive regularly scheduled payments from such Borrower any other Grantor on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default Table of Contents (including the commencement and continuation of any proceeding under any Debtor Relief Law Bankruptcy Proceeding relating to such Borrowerany other Grantor), however, unless the Required Lenders Lender otherwise agreeagrees, such no Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Pac-West Telecomm Inc)

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Law Bankruptcy Proceeding relating to such Borrowerany other Grantor), such each Guarantor may receive regularly scheduled payments from such Borrower any other Grantor 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 Debtor Relief Law Bankruptcy Proceeding relating to such Borrowerany other Grantor), however, unless the Required Lenders Lender otherwise agreeagrees, such no Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Pac-West Telecomm Inc)

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to such the Borrower), such the 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 Debtor Relief Law relating to such the Borrower), however, unless the Required Majority Lenders otherwise agree, such the Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 1 contract

Samples: Guaranty Agreement (Olin Corp)

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Bankruptcy Law relating to such the Borrower), such the Guarantor may receive regularly scheduled payments in the ordinary course 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 Debtor Relief Bankruptcy Law relating to such the Borrower), however, unless the Required Majority Lenders otherwise agree, such the 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 (Transcanada Corp)

Prohibited Payments, Etc. Except during the continuance of an Event of Default under (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to such Borrower), such Guarantor 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 a Default (including the commencement and continuation of any proceeding under any Debtor Relief Bankruptcy Law relating to such Borrowerany other Obligor), each Guarantor may receive payments from any other Obligor on account of the Subordinated Obligations in accordance with the terms thereof. After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Obligor), however, unless the Required Lenders otherwise agree, such no 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 and Guarantee Agreement (Municipal Mortgage & Equity LLC)

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