Common use of Restriction on Payment: Subordinated Liabilities Clause in Contracts

Restriction on Payment: Subordinated Liabilities. Prior to the Final Discharge Date, neither the Parent nor any other Debtor shall, and the Parent shall procure that no other member of the Group will, make any Payment of the Subordinated Liabilities at any time unless:

Appears in 7 contracts

Samples: Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (Melco Resorts & Entertainment LTD), Intercreditor Agreement (Ferroglobe PLC)

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Restriction on Payment: Subordinated Liabilities. Prior to the Final Discharge Date, neither the Parent Company nor any other Debtor shall, and the Parent Company shall procure that no other member of the Group will, make any Payment of the Subordinated Liabilities at any time unless:

Appears in 1 contract

Samples: Intercreditor Agreement (Tidewater Inc)

Restriction on Payment: Subordinated Liabilities. Prior to the Final Senior Discharge Date, neither the Parent Parent, the Original Borrower, the Company nor any other Debtor shall, and the Parent shall procure that no other member of the Group will, make any Payment of the Subordinated Liabilities (including, for the avoidance of doubt, a discharge of Subordinated Liabilities by way of set off against any Liabilities owed to a Debtor) at any time unless:

Appears in 1 contract

Samples: www.thesisam.com

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Restriction on Payment: Subordinated Liabilities. Prior to the Final Senior Discharge Date, neither none of ParentCo, the Parent nor Borrower or any other Debtor shall, and the Parent Borrower shall procure that no other member of the Group Member will, make any Payment of the Subordinated Liabilities at any time unless:

Appears in 1 contract

Samples: Facilities Agreement (RISE Education Cayman LTD)

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