Common use of Prohibited Payments, Etc Clause in Contracts

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 any other Note Party), each Guarantor may receive regularly scheduled payments from any other Note 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 Bankruptcy Law relating to any other Note Party), however, unless the Required Holders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 3 contracts

Samples: Note Purchase Agreement (Alliance Resource Partners Lp), Note Purchase Agreement (Alliance Holdings GP, L.P.), Second Lien Senior Secured Note Agreement (Triple Crown Media, Inc.)

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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 any other Note Party), each Guarantor may receive regularly scheduled payments from any other Note 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 Bankruptcy Law relating to any other Note Party), however, unless the Required Holders Purchaser 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: Subsidiary Guaranty (Ediets Com Inc), Subsidiary Guaranty (Ediets Com Inc)

Prohibited Payments, Etc. Except following notice from the Lender given during the continuance of an Event of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law Insolvency Proceeding relating to any other Note Credit Party), each Guarantor may receive regularly scheduled payments from any other Note Credit Party on account of the Subordinated Obligations. After notice from the Lender given after the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law Insolvency Proceeding relating to any other Note Credit Party), however, unless the Required Holders Lender 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: Loan and Security Agreement (Atlanticus Holdings Corp), Loan and Security Agreement (Atlanticus Holdings Corp)

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 any other Note Partyparty obligated on or for the Note), each Guarantor may receive regularly scheduled payments from any other party obligated on or for the Note 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 Bankruptcy Law relating to any other Note Partyparty obligated on or for the Note), however, unless the Required Holders Lender otherwise agreeagrees, 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: Guaranty Agreement (Verity Corp.), Guaranty Agreement (Verity Corp.)

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 any other Note PartyObligor), each Guarantor may receive regularly scheduled payments from any other Note Party 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 relating to any other Note PartyObligor), however, unless upon written request from the Required Holders otherwise agreeAgent, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 1 contract

Samples: u.s. Guarantee Agreement (United Rentals North America 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 any other Note Loan Party), each the Guarantor may receive regularly scheduled payments from any other Note 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 Bankruptcy Law relating to any other Note Loan Party), however, unless the Required Holders Agent otherwise agreeagrees, no 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: Time Guaranty (C Quential Inc)

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 any other Note Party), each Guarantor may receive regularly scheduled payments or payments made in the ordinary course of business from any other Note Party on account of the Subordinated Intercompany 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 any other Note Party), however, unless the Required Holders Controlling Party otherwise agreeagrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Intercompany Obligations.

Appears in 1 contract

Samples: Indenture (Hersha Hospitality Trust)

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 any other Note Loan Party), each Guarantor may receive regularly scheduled payments from any other Note 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 Bankruptcy Law relating to any other Note Loan Party), however, unless the Required Holders 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 (CFW Communications Co)

Prohibited Payments, Etc. Except during the continuance of an any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Note Loan Party), each Guarantor may receive regularly scheduled payments from any other Note 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 Bankruptcy Law relating to any other Note Loan Party), however, unless the Required Holders 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 (Key3media Group Inc)

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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 any other Note Loan Party), each Guarantor may receive regularly scheduled payments from any other Note 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 Bankruptcy Law relating to any other Note Loan Party), however, unless the Required Holders 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: 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 any other Note Loan Party), each the Guarantor may receive regularly scheduled payments from any other Note 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 Bankruptcy Law relating to any other Note Loan Party), however, unless the Required Holders Administrative Agent otherwise agreeagrees, no 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: Parent Guaranty (Foresight Energy LP)

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 any other Note Obligated Party), each Guarantor may receive regularly scheduled payments from any other Note Obligated 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 Bankruptcy Law relating to any other Note Obligated Party), however, unless the Required Holders Lender otherwise agreeagrees, 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 Agreement (Verity Corp.)

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 any other Note Loan Party), each Guarantor may receive regularly scheduled payments from any other Note 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 Bankruptcy Law relating to any other Note Loan Party), however, unless the Required Holders 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 1 contract

Samples: Credit Agreement (Boca Resorts 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 any other Note Credit Party), each Guarantor may receive regularly scheduled payments from any other Note Credit 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 Bankruptcy Law relating to any other Note Credit Party), however, unless the Required Holders Administrative Agent otherwise agreeagrees, no each Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

Appears in 1 contract

Samples: Second Lien Credit and Guarantee Agreement (Endeavour International Corp)

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