Common use of Repayment of Debentures Clause in Contracts

Repayment of Debentures. Subject to the terms of the Subordination Agreement, all unpaid principal amounts and accrued and unpaid interest under the Debentures, and all other obligations of the Borrowers to the Holders due and owing hereunder shall be paid upon the earliest of (i) the date of acceleration of the Debentures pursuant to Article VIII, (ii) the date of redemption pursuant to Section 2.6 or 2.7 and (ii) the Maturity Date, in immediately available dollars, without set-off, defense or counterclaim.

Appears in 2 contracts

Samples: Investment Agreement (Sunsource Inc), Investment Agreement (Sunsource Inc)

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Repayment of Debentures. Subject to the terms of Section 2.7 and the Subordination Agreementterms of Section 4 of the Debentures, all unpaid principal amounts and accrued and unpaid interest under the Debentures, and all other obligations of the Borrowers to the Holders due and owing hereunder shall be paid upon the earliest of (i) the date of acceleration of the Debentures pursuant to Article VIII, (ii) the date of redemption pursuant to Section 2.6 or 2.7 and (ii) the Maturity Date, in immediately available dollars, without set-off, defense or counterclaim.

Appears in 1 contract

Samples: Investment Agreement (Blue Rhino Corp)

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Repayment of Debentures. Subject to the terms of Section 2.7 and the Subordination Agreement, all unpaid principal amounts and accrued and unpaid interest under the Debentures, and all other obligations of the Borrowers Borrower to the Holders due and owing hereunder shall be paid upon the earliest of (i) the date of acceleration of the Debentures pursuant to Article VIII, (ii) the date of redemption pursuant to Section 2.6 or 2.7 and (iiiii) the Maturity Date, in immediately available dollarsDollars, without set-off, defense or counterclaim.

Appears in 1 contract

Samples: Loan Agreement (Headwaters Inc)

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