Common use of Restriction on Payment Clause in Contracts

Restriction on Payment. Investor Liabilities (a) that Payment is permitted under Clause 7.2 (Permitted Payments: Investor Liabilities); or (b) the taking or receipt of that Payment is permitted under Clause 7.7 (Permitted Enforcement: Investors).

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement

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Restriction on Payment. Investor Shareholder Liabilities (a) that Payment is permitted under Clause 7.2 9.2 (Permitted Payments: Investor LiabilitiesShareholder Creditors); or (b) the taking or receipt of that Payment is permitted under paragraph (c) of Clause 7.7 9.8 (Permitted Enforcement: InvestorsShareholder Creditors).

Appears in 2 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

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Restriction on Payment. Investor Liabilities (a) that Payment is permitted under Clause 7.2 (Permitted Payments: Investor Liabilities); or (b) the taking or receipt of that Payment is permitted under Clause 7.7 7.6 (Permitted Enforcementenforcement: Investors).

Appears in 2 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

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