Common use of Restrictions on Payment of Certain Debt Clause in Contracts

Restrictions on Payment of Certain Debt. In addition to the restrictions contained in Section 9.5, make any payments (whether voluntary or mandatory, or a prepayment, redemption, retirement, defeasance or acquisition) with respect to any Money Borrowed (other than the Obligations) prior to its due date under the agreements evidencing such Debt as in effect on the Closing Date (or as amended thereafter with the prior written consent of Lender).

Appears in 3 contracts

Samples: Loan and Security Agreement (Lakeland Industries Inc), Loan and Security Agreement (Lakeland Industries Inc), Loan and Security Agreement (Biosante Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Restrictions on Payment of Certain Debt. In addition to the restrictions contained in Section 9.5, make Make any payments (whether voluntary or mandatory, or a prepayment, redemption, retirement, defeasance or acquisition) with respect to any Borrowed Money Borrowed (other than the Obligations) prior to its due date under the agreements evidencing such Debt as in effect on the Closing Date (or as amended thereafter with the prior written consent of LenderAgent); provided the restrictions on voluntary payments shall not apply so long as the Availability Test is met at the time of such prepayment.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cooper Tire & Rubber Co), Loan and Security Agreement (Cooper Tire & Rubber Co)

AutoNDA by SimpleDocs

Restrictions on Payment of Certain Debt. In addition to the restrictions contained in Section 9.5, make Make any payments (whether voluntary or mandatory, or a prepayment, redemption, retirement, defeasance or acquisitionacquisition and whether consisting of principal, interest, fees or any other amounts, however categorized) with respect to any Borrowed Money Borrowed (other than the Obligations) prior to its due date under the agreements evidencing such Debt as in effect on the Closing Date (or as amended thereafter with the prior written consent of LenderAgent).

Appears in 2 contracts

Samples: Loan and Security Agreement (SWK Holdings Corp), Loan and Security Agreement (SWK Holdings Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!