Repayment of Certain Indebtedness. No Loan Party shall or shall permit any Subsidiary to repay the 2013 Bonds or the 2014 Bonds (or any Permitted Refinancing Debt with respect to any of the foregoing), any Indebtedness incurred pursuant to Section 8.2.1(ii)(j), any subordinated Indebtedness (in the case of seller subordinated notes permitted by Section 8.2.1(ii)(b), except to the extent permitted by Section 8.2.1(ii)(b)) or any Permitted Indebtedness (whether subordinated or unsubordinated) (such Indebtedness, the “Specified Indebtedness”), without the written consent of the Required Banks except, in each case, (w) with Permitted Refinancing Debt thereof, (x) upon scheduled maturity or as otherwise required by the terms thereof, or (y) any such payment, if after giving pro forma effect to such payment, Availability of the Loan Parties would equal or exceed $300,000,000; provided that no such repayment of Specified Indebtedness may be made if an Event of Default shall have occurred and be continuing or would result from such repayment.
Repayment of Certain Indebtedness. Wellsford covenants that on the Closing Date it shall cause Newco and its Subsidiaries to repay all loans made to any of them by Wellsford or the other Wellsford Subsidiaries and to procure on the Closing Date the unconditional and irrevocable release of Wellsford and such other Wellsford Subsidiaries from any guaranties of the obligations of Newco and its Subsidiaries (whether effected directly or indirectly through the repayment of the indebtedness so guaranteed), other than the guaranties contemplated under the Credit Enhancement Agreement and the Palomino Agreement. Wellsford covenants that it shall cause Newco to apply the Contribution Funds (as defined in the Contribution Agreement) and shall cause Newco to request purchases of shares of Newco under the Newco Stock Purchase Agreement to the extent that Newco does not repay such indebtedness from other sources and obtain such releases by other means.
Repayment of Certain Indebtedness. The Administrative Agent shall have received evidence, in the form and substance reasonably satisfactory to the Administrative Agent, that all existing Indebtedness of the Borrower in connection with the Refinanced Credit Agreement has been, or immediately following the disbursement of the proceeds of the Term Loan on the Closing Date, will be, fully paid, satisfied and discharged.
Repayment of Certain Indebtedness. At Closing, IHI shall repay in full by wire transfer of immediately available funds the outstanding indebtedness balance under the IHI Senior Secured Credit Facility and all amounts owed to EnSerCo, LLC under the Loan Agreement dated June 30, 1998 (the "EnSerCo Loan"). T-3 and the Fund acknowledge that in connection with the consent of EnSerCo, LLC to the transactions, IHI has paid EnSerCo, LLC the fees set forth in Section 6.7 of the IHI Disclosure Schedule. Subject to IHI's obtaining the Financing pursuant to Section 6.6(a) or the bridge financing by the Fund pursuant to Section 6.6(c) at or prior to Closing, IHI shall also repay at Closing all other outstanding indebtedness (together with any applicable premium) of IHI specified in Section 6.7 of the IHI Disclosure Schedules, together with all accrued and unpaid interest thereon, with the proceeds of such financings.
Repayment of Certain Indebtedness. In accordance with the terms of the Disbursement Agreement, Holdings and the Borrower shall fully repay and terminate the Indebtedness (including all Liens securing such Indebtedness and all agreements, documents and instruments evidencing such Indebtedness) referenced in Schedule 5.08(b) on the date on which the Borrower receives a Gaming License from the Florida Gaming Board to operate slot machines and conduct slot-machine gaming at the Miami Jai-Alai Facility, and all other Gaming Licenses (including slot occupational licenses) required of the Borrower’s and its Affiliates’ officers, directors and Key Employees in respect of gaming operations at the Miami Jai-Alai Facility have been obtained; provided, that the Administrative Agent shall receive evidence satisfactory to it in its sole discretion that all such licenses have been obtained and are in full force and effect prior to any such payment being made.
Repayment of Certain Indebtedness. Prior to or at the Closing, the holders of the Subsidiary's Senior Subordinated Notes due April 20, 2001 shall have waived the requirement that they receive notice of prepayment of such Notes.
Repayment of Certain Indebtedness. Prior to the Closing, SESI shall either repay or refinance all outstanding indebtedness (together with any applicable premium) of Cardinal and Cardinal Services specified in Section 6.6 of the Cardinal Disclosure Schedules and the indebtedness of SESI specified in Section 6.6 of the SESI Disclosure Schedules, together with all accrued and unpaid interest thereon, with the proceeds of the Financing and the Equity Contribution.
Repayment of Certain Indebtedness. To the extent that the Company has outstanding any Indebtedness Incurred under clause (14) or (16) of the definition of “Permitted Indebtedness” (to the extent such Indebtedness was Incurred following an FPSO Disposition) that is secured by a Priority Lien, or any Refinancing Indebtedness in respect of such Indebtedness (the foregoing Indebtedness collectively, “Post-FPSO Disposition Priming Debt”),
Repayment of Certain Indebtedness. Simultaneously with the borrowing thereof on the Closing Date, the Borrower shall use the proceeds of the Tranche A Loan and Tranche C Loan to permanently repay or prepay the Indebtedness outstanding under the Original Loan Agreement.
Repayment of Certain Indebtedness. (i) With respect to the first borrowing of Term Loans after the Closing Date, all Indebtedness and other amounts owing under the LNG Credit Agreement shall be repaid in full with the proceeds of such Term Loans or shall have been repaid prior to such Credit Date, (ii) with respect to the second borrowing of Term Loans after the Closing Date (or the first borrowing of Term Loans after the Closing Date if such borrowing exceeds $40,000,000), all Indebtedness and other amounts owing under the Montego Bay Credit Agreement shall be repaid in full with the proceeds of such Term Loans or shall have been repaid prior to such Credit Date, and (iii) in each case, the Administrative Agent shall have received, in form and substance reasonably satisfactory to it, any releases, terminations and such other documents as the Administrative Agent may reasonably request to evidence and effectuate such repayment, the termination of the loan documents with respect thereto and any commitments thereunder and the termination and release of all Liens and guarantees relating thereto.
