Repayment of Subordinated Debt. Repay, prepay, redeem or otherwise satisfy in any manner any Subordinated Debt, except in accordance with the terms of any subordination agreement among Borrower, Lender and the holder(s) of such Subordinated Debt. Notwithstanding the foregoing, Lender agrees that the conversion or exchange into Borrower’s equity securities of any Subordinated Debt and the payment of cash in lieu of fractional shares shall not be prohibited by this Section 6.13.
Repayment of Subordinated Debt in the case of the Companies, repay in full or in part any Subordinated Debt except as expressly permitted in any related Intercreditor Agreement unless the Termination Date has occurred;
Repayment of Subordinated Debt. The Borrower's and its Subsidiaries' amounts of Subordinated Debt which become due and remain unpaid plus the amount of the Borrower's and its Subsidiaries' actual payment of Subordinated Debt, shall not exceed interest only on such Subordinated Debt in amounts not exceeding the amounts permitted by the applicable subordination agreements with respect to such Subordinated Debt.
Repayment of Subordinated Debt. Repay, prepay, redeem or otherwise satisfy in any manner any Subordinated Debt, except in accordance with the terms of any subordination agreement among Borrower, Lender and the holder(s) of such Subordinated Debt. Notwithstanding the foregoing. Lender agrees that (i) the conversion or exchange into Borrower’s equity securities of any Subordinated Debt, (ii) the payment of cash in lieu of fractional shares and (iii) payments in kind with respect to the Indebtedness pursuant to Section 6.1(e) shall not be prohibited by this Section 6.13.
Repayment of Subordinated Debt. The Borrower's and its Subsidiaries' principal amounts of Subordinated Debt which become due and remain unpaid plus the amount of the Borrower's and its Subsidiaries' actual principal payment of Subordinated Debt, shall not exceed $2.5 million in the aggregate for any immediately preceding four fiscal quarter trailing period of the Borrower. After the occurrence and during the continuance of a Default, until all Obligations have been irrevocably paid in full, Borrower and its Subsidiaries shall not make payment upon Subordinated Debt.
Repayment of Subordinated Debt. Until all Obligations have been irrevocably paid in full, the US-Borrower and its Subsidiaries shall not make any payment upon any principal of any Subordinated Debt, including by means of repurchasing Debentures; provided that the US-Borrower shall be permitted to (a) make the required sinking fund payment of $3,850,000 on or before December 15, 2004 with regard to the Debentures, (b) make the required sinking fund payment of $6,225,000 on or before December 15, 2005 with regard to the Debentures, and (c) repay or repurchase and retire, in each case at a price that is at or below the par value for such Debenture (plus an amount equal to the accrued and unpaid interest to date of repayment, repurchase or retirement), an aggregate amount of the Debentures of up to the Repurchase Amount prior to February 28, 2006 pursuant to open-market transactions, in privately-negotiated transactions, by repayment or otherwise. Notwithstanding anything to the contrary in this Agreement, no payment upon any principal of any Subordinated Debt, no sinking fund payment and no repurchase or retirment of Subordinated Debt may be made at any time when there exists any Default or Unmatured Default or when such payment, repurchase or retirement would result in any Default or Unmatured Default (including pursuant to Section 6.24 or 6.25). The US-Lender shall ensure that at all times there remains availability under the Borrowing Base in an amount of at least the Availability Hold Amount.
Repayment of Subordinated Debt. Prior to the Closing Date, Sellers shall repay to Stockholder all principal and accrued but unpaid interest on the subordinated loans aggregating $6.5 million in original principal amount made by Stockholder to Sellers during early November 1996, and any subsequent subordinated loans made by Stockholder to Sellers prior to the Closing Date.
Repayment of Subordinated Debt. Borrowers have informed Bank that Borrowers desire to use Advances under Term Loan B along with certain other funds to repay certain obligations of Infologix to Xxxxx XxXxxxxx, Xxxxx Xxxxxxxx, Xxxxxxx Xxxxx, Xxxxx Xxxxxx, and/or Xxxxxx Xxxxxx, Xx. in the aggregate principal amount of One Million Two Hundred Eleven Thousand Eight Hundred Forty-Six Dollars ($1,211,846.00). (the “Subordinated Debt Repayment”). After the Subordinated Debt Repayment, Infologix will not have outstanding to Xxxxx XxXxxxxx, Xxxxx Xxxxxxxx, Xxxxxxx Xxxxx, Xxxxx Xxxxxx and/or Xxxxxx Xxxxxx, Xx. any Indebtedness for borrowed money.
Repayment of Subordinated Debt. Repay any part of the Subordinated Debt, except as permitted by the terms of the applicable subordination agreement.
Repayment of Subordinated Debt. At the Closing and against delivery of the original instruments evidencing the same, Parent and Merger Sub shall pay, or cause to be paid, the $754,995.47 in principal amount (plus accrued but unpaid interest thereon) of outstanding subordinated debt of Company set forth on Schedule 6.8 to the holders thereof (the "Subordinated Debtholders").
