Repayment of Outstanding Debt Sample Clauses

Repayment of Outstanding Debt. Buyer shall have received evidence to its satisfaction that the Outstanding Indebtedness has been repaid in full in accordance with its terms without compromise, set-off or reduction.
Sample 1
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Repayment of Outstanding Debt. 10 5.11. Release of Certain Security Interests......................10 5.12. Minimum EBITDA.............................................10 5.13. Other Lender Confirmation..................................10 5.14.
Sample 1
Repayment of Outstanding Debt. As of the initial Closing Date, the Company shall have repaid, or contemporaneously upon the receipt of any initial Loan by the Lender to the Company will repay, any existing outstanding debt, except as set forth on EXHIBIT 5.10.
Sample 1
Repayment of Outstanding Debt. The Borrower will not, and it will not permit the Subsidiaries to, pay or make, or agree to pay or make, directly or indirectly, any payment of outstanding principal amounts due with respect to any obligations of the Borrower Group to any Person, other than any payments of the principal amounts of the Loans in accordance with the terms of this Agreement.
Sample 1
Repayment of Outstanding Debt. The Borrower will not, and it will not permit the Subsidiaries to, pay or make, or agree to pay or make, directly or indirectly, any payment of outstanding principal amounts due with respect to any obligations of the Borrower Group to any Person, other than any payments of the principal amounts of the Loans in accordance with the terms of this Agreement. The foregoing notwithstanding, in the event that Borrower shall raise capital, in a form that Agent notifies Borrower in writing is acceptable to Lenders for purposes of this provision, and the aggregate net cash proceeds to Borrower of such capital exceeds Three Million Dollars ($3,000,000), then Borrower may utilize up to 50% of the aggregate net cash proceeds that exceeds Three Million Dollars ($3,000,000) to repay Borrower’s outsanding subordinated convertible debentures, provided that an equal amount of such net cash proceeds shall be utilized to repay the principal amount of the Loans, with the principal amount of the Term Loan to be repaid in full prior to repaying any principal of the Additional Loan.
Sample 1
Repayment of Outstanding Debt. From the date hereof until a Purchaser no longer holds any Shares, unless waived in writing by such Purchaser, upon any issuances of any shares of Common Stock or Common Stock Equivalents or debt of the Company, or any combination thereof (other than proceeds raised hereunder), 100% of the proceeds of such issuances shall first be used to repay all of the outstanding debt of the Company then held by such Purchaser (“Repayment Financing”). Additionally, as for the first Repayment Financing after the 15th day following the date hereof and prior to January 31, 2010, if any, such Repayment Financing shall not result in a subsequent financing adjustment of any common stock purchase warrants of the Company then held by a Purchaser.
Sample 1
Repayment of Outstanding Debt. You agree to notify the Company as soon as you accept any offer of new employment. Unless accelerated by demand of the Company, the Note Balance shall be repaid in four (4) equal installments of $25,000 each plus accrued simple interest, Mutual Agreement and Release - Oplink Communications, Inc. and Xxxxx X. Xxxxx due and payable every six (6) months, until repaid in full. The first installment shall be due six (6) months from the day you start your new employment.
Sample 1
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Related to Repayment of Outstanding Debt

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Outstanding Debt Neither the Company nor any Subsidiary has any Debt outstanding except as permitted by paragraph 6B(2). There exists no payment default or other default in any material respect under the provisions of any instrument evidencing such Debt or of any agreement relating thereto.

  • Prepayment of Debt Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt.

  • Outstanding Indebtedness Neither the Company nor any of its Subsidiaries has outstanding any Indebtedness except as permitted by paragraph 6B. There exists no default under the provisions of any instrument evidencing such Indebtedness or of any agreement relating thereto.

  • 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.

  • Repayment of Debt If the General Partners unanimously elect, or are required by one or more third parties, to repay or repurchase at the Closing Date (or thereafter in connection with the sale of properties) any indebtedness of Target or any subsidiary of Target, at the Closing Date (or thereafter in connection with the sale of properties), the General Partners shall pay in cash such indebtedness plus any costs, expenses or fees associated with such repayment or repurchase, including without limitation any prepayment fees or penalties, to be repaid, pro rata in accordance with their respective Capital Accounts. For these purposes, “indebtedness” shall be deemed to include the costs of unwinding any interest rate swaps, caps, treasury locks and other derivatives and xxxxxx associated with the indebtedness that is being repaid.

  • Prepayment of Indebtedness At any time, directly or indirectly, prepay any Indebtedness (other than to Lenders), or repurchase, redeem, retire or otherwise acquire any Indebtedness of any Borrower.

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

  • Repayment of Loans; Evidence of Indebtedness (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date and (ii) to the Administrative Agent for the account of each Lender that shall have made any Competitive Loan the then unpaid principal amount of each Competitive Loan of such Lender on the last day of the Interest Period applicable to such Loan.

  • Prepayment of Other Indebtedness, Etc (a) Amend or modify any of the terms of any Indebtedness of any Loan Party or any Subsidiary (other than Indebtedness arising under the Loan Documents) if such amendment or modification would add or change any terms in a manner adverse to any Loan Party or any Subsidiary, or shorten the final maturity or average life to maturity or require any payment to be made sooner than originally scheduled or increase the interest rate applicable thereto.

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