Repayment of Certain Existing Indebtedness Sample Clauses

Repayment of Certain Existing Indebtedness. On the Closing Date, Company and its Subsidiaries shall have repaid in full the Weyerhaeuser Deeds of Trust in the amount of approximately $15,500,000 and irrevocably called for redemption not less than 35% of the outstanding Subordinated Notes, and delivered to Agent all documents or instruments necessary to release all Liens securing such Indebtedness or other obligations of Company and its Subsidiaries thereunder.
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Repayment of Certain Existing Indebtedness. The Administrative Agent shall have received satisfactory evidence that (A) the Borrower shall have (i) repaid all loans and terminated all commitments under the Existing Credit Agreement (other than letters of credit issued thereunder which constitute Existing Letters of Credit), and (ii) caused all loans to have been repaid under that certain $2.2 billion WGRAH Term Loan Agreement, dated as of December 27, 2007, among WGR Asset Holding Company LLC, as borrower, Trinity Associates LLC, as lender and Citibank, N.A., Agency & Trust, as collateral agent and (B) satisfactory arrangements shall have been made for the termination of all Liens granted in connection therewith.
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Repayment of Certain Existing Indebtedness. Substantially simultaneously with any funding under this Agreement on the Closing Date, the Borrower shall have used the Dollar Equivalent of the proceeds of the Loans borrowed hereunder to repay any outstanding principal of loans made pursuant to the Existing Credit Facility and, to the extent such amount is used to repay Revolving Credit Loans (as defined in the Existing Credit Facility), the Revolving Credit Committed Amounts (as defined in the Existing Credit Facility) shall be permanently reduced in an aggregate amount equal to the principal amount of such Revolving Credit Loans repaid on such date. To the extent no loans are outstanding under the Existing Credit Facility, or the aggregate amount of Loans borrowed hereunder exceed the aggregate principal amount of loans outstanding under the Existing Credit Facility, the Revolving Credit Committed Amounts (as defined in the Existing Credit Facility) shall be reduced by the Dollar Equivalent of the principal amount of such Loans or such excess, as the case may be.
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Repayment of Certain Existing Indebtedness. With respect to Loans made after the Closing Date, substantially simultaneously with funding under this Agreement, the Borrower shall have used the Dollar Equivalent of the proceeds of the Loans borrowed hereunder to repay any outstanding principal of loans made pursuant to the Existing Credit Facility and, to the extent such amount is used to repay Revolving Credit Loans (as defined in the Existing Credit Facility), the Revolving Credit Committed Amounts (as defined in the Existing Credit Facility) shall be permanently reduced in an aggregate amount equal to the principal amount of such Revolving Credit Loans repaid on such date. To the extent no loans are outstanding under the Existing Credit Facility, or the aggregate amount of Loans borrowed hereunder exceed the aggregate principal amount of loans outstanding under the Existing Credit Facility, the Revolving Credit Committed Amounts (as defined in the Existing Credit Facility) shall be reduced by the Dollar Equivalent of the principal amount of such Loans or such excess, as the case may be. Notwithstanding the foregoing provisions of this clause (g), the aggregate principal amount of loans and commitments under the Existing Credit Facility required to be repaid or reduced, as the case may be, pursuant to this clause (g) in respect of any borrowing of Loans hereunder shall not exceed the amount by which such borrowing causes the aggregate outstanding principal amount of Loans hereunder at the time of incurrence thereof to exceed the Repayment Threshold Amount. Each request (including any deemed request) by the Borrower for any Loan shall constitute a representation and warranty by the Borrower that the conditions set forth in this Section 4.02 have been satisfied as of the date of such request. Failure of the Administrative Agent to receive notice from the Borrower to the contrary before such Loan is made shall constitute a further representation and warranty by the Borrower that the conditions referred to in this Section 4.02 have been satisfied as of the date such Loan is made.
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Repayment of Certain Existing Indebtedness. All existing ------------------------------------------------- Indebtedness to Irex (including, without limitation, the short-term $7,000,000.00 note issued in connection with the pre-Spin-Off dividend) other than Permitted Subordinated Debt (which existing Indebtedness other than Permitted Subordinated Debt the Borrower represents is equal to approximately $26,000,000 plus the $7,000,000.00 in respect of the dividend note) shall be repaid in full; and
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Repayment of Certain Existing Indebtedness. Evidence that, simultaneous with the making of the initial Loans hereunder, the principal of and interest on outstanding loans, and all accrued fees and all other amounts owing, under the Existing Credit Agreement shall have been (or shall be simultaneously) paid in full, all commitments to extend credit thereunder shall have been terminated, and all letters of credit issued thereunder and outstanding immediately prior to the Effective Date shall have been continued pursuant to Section 2.06(a) hereunder, and all accrued and unpaid fees in respect of such letters of credit shall have been paid, and any and all liens thereunder shall have been (or shall be simultaneously) terminated and released.
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Related to Repayment of Certain Existing Indebtedness

  • Prepayments of Certain Indebtedness The Borrower shall not, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled maturity, other than the Obligations.

  • Subordination of Certain Indebtedness Cause any indebtedness of Borrower for borrowed money to any shareholder, director, officer or Affiliate of Borrower, which indebtedness has a term of more than 1 year or is in excess of $25,000, to be subordinated to the Obligations by the execution and delivery to Lender of a Subordination of Debt Agreement, on the form prescribed by Lender, certified by the corporate secretary of Borrower to be true and complete and in full force and effect.

  • RELEASE FROM GUARANTEES; REPAYMENT OF CERTAIN OBLIGATIONS TCI shall use reasonable efforts, including offering its own guarantee, to have the Stockholders released from any and all guarantees of the Company's indebtedness identified on Schedule 10.1. In the event that TCI cannot obtain such releases from the lenders of any such guaranteed indebtedness identified on Schedule 10.1 on or prior to 60 days subsequent to the Funding and Consummation Date, TCI shall promptly pay off or otherwise refinance or retire such indebtedness. TCI shall indemnify the Stockholders against, and shall promptly reimburse the Stockholders for, any amounts which the Stockholders are obligated to pay under any such guarantees listed on Schedule 10.1, and shall be subrogated to any rights of the Stockholders accruing as a result of any such payments by the Stockholders.

  • Repayment of Existing Indebtedness Evidence that the principal of and interest on, and all other amounts owing in respect of, the Indebtedness (including, without limitation, any contingent or other amounts payable in respect of letters of credit) indicated on SCHEDULE 8.12A hereto that is to be repaid on the Closing Date shall have been (or shall be simultaneously) paid in full, that any commitments to extend credit under the agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees in respect of, and all Liens securing, any such Indebtedness shall have been released (or arrangements for such release satisfactory to the Required Lenders shall have been made); in addition, the Administrative Agent shall have received from any Person holding any Lien securing any such Indebtedness, such Uniform Commercial Code termination statements, mortgage releases and other instruments, in each case in proper form for recording, as the Administrative Agent shall have requested to release and terminate of record the Liens securing such Indebtedness (or arrangements for such release and termination satisfactory to the Required Lenders shall have been made).

  • Restrictions on Payment of Certain Debt Make any payments (whether voluntary or mandatory, or a prepayment, redemption, retirement, defeasance or acquisition) with respect to any:

  • Prepayments, Etc. of Indebtedness (a) None of the Covenant Parties shall, nor shall they permit any of their Restricted Subsidiaries to, directly or indirectly, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner (it being understood that payments of regularly scheduled interest shall be permitted) the Senior Subordinated Debt, any subordinated Indebtedness incurred under Section 7.03(g) or any other Indebtedness that is required to be subordinated to the Obligations pursuant to the terms of the Loan Documents, but excluding any Existing Indebtedness or Outstanding Indebtedness (collectively, “Junior Financing”) or make any payment in violation of any subordination terms of any Junior Financing Documentation, except (i) the refinancing thereof with the Net Proceeds of any Indebtedness (to the extent such Indebtedness constitutes a Permitted Refinancing and, if such Indebtedness was originally incurred under Section 7.03(g), is permitted pursuant to Section 7.03(g)), to the extent not required to prepay any Loans pursuant to Section 2.05(b), (ii) the conversion of any Junior Financing to Equity Interests (other than Disqualified Equity Interests) of the Company or any of its direct or indirect parents, (iii) the prepayment of Indebtedness of any Covenant Party or any Restricted Subsidiary of a Covenant Party to the extent permitted by the Collateral Documents, (iv) any payments in respect of Senior Subordinated Debt constituting bridge loans with the proceeds of any other Junior Financing and (v) prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity in an aggregate amount not to exceed $250,000,000 plus, if the Total Leverage Ratio calculated on a Pro Forma Basis is less than or equal to 7.00 to 1.00, the portion, if any, of the Cumulative Credit on such date that Xxxxxxx elects to apply to this paragraph, such election to be specified in a written notice of a Responsible Officer of Xxxxxxx calculating in reasonable detail the amount of Cumulative Credit immediately prior to such election and the amount thereof elected to be so applied.

  • Restriction on Prepayment of Indebtedness The Borrower and the Guarantors will not, and will not permit their respective Subsidiaries to, (a) subject to §12.5, prepay, redeem, defease, purchase or otherwise retire the principal amount or pay any termination, breakage or similar payments under Derivative Contracts, in whole or in part, of any Indebtedness other than the Obligations and the Hedge Obligations after the occurrence and during the continuance of any Event of Default; provided, that the foregoing shall not prohibit (x) the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of §8.1; and (y) the prepayment, redemption, defeasance or other retirement of the principal of Indebtedness secured by Real Estate which is satisfied solely from the proceeds of a sale of the Real Estate securing such Indebtedness; and (b) modify any document evidencing any Indebtedness (other than the Obligations) to accelerate the maturity date of such Indebtedness after the occurrence and during the continuance of an Event of Default.

  • REPAYMENT OF CERTAIN FUNDS UPON CONVERSION Any funds which at any time shall have been deposited by the Company or on its behalf with the Trustee or any other paying agent for the purpose of paying the principal of, and premium, if any, and interest, if any, on any of the Securities (including, but not limited to, funds deposited for the sinking fund referred to in Article Twelve hereof and funds deposited pursuant to Article Thirteen hereof) and which shall not be required for such purposes because of the conversion of such Securities as provided in this Article Fourteen shall after such conversion be repaid to the Company by the Trustee upon the Company's written request. ARTICLE FIFTEEN

  • Assumption of Certain Obligations Buyer shall assume only those liabilities related to the Business or Assets which are referred to in Section 2.2(a) or are otherwise expressly assumed in this Agreement (the "Assumed Liabilities").

  • Collection of Certain Home Equity Loan Payments The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Home Equity Loans, and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any applicable Insurance Policy, follow collection procedures for all Home Equity Loans at least as rigorous as those described in the FNMA Guide. Consistent with the foregoing, the Servicer may in its discretion waive or permit to be waived any late payment charge, prepayment charge, assumption fee or any penalty interest in connection with the prepayment of a Home Equity Loan or any other fee or charge which the Servicer would be entitled to retain hereunder as servicing compensation. In the event the Servicer shall consent to the deferment of the due dates for payments due on a Note, the Servicer shall nonetheless make payment of any required Delinquency Advance with respect to the payments so extended to the same extent as if such installment were due, owing and Delinquent and had not been deferred, and shall be entitled to reimbursement therefor in accordance with Section 8.09(a) hereof.

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