RESTRICTIONS ON PAYMENTS OF INTERCOMPANY LOANS. No Loan Party shall make any payment or prepayment in respect of Intercompany Loans other than regularly scheduled payments of interest in aggregate amount not to exceed $3,000,000 in any calendar year; provided that Borrower shall have given no less than 5 Business Days’ prior written notice to Administrative Agent before making any such payment.
Appears in 3 contracts
Samples: Forbearance Agreement and Fourth Amendment to Loan and Security Agreement (DG Capital Management, LLC), Forbearance Agreement and Fourth Amendment to Loan and Security Agreement (TENOR CAPITAL MANAGEMENT Co., L.P.), Forbearance Agreement and Fourth Amendment to Loan and Security Agreement (Endurant Capital Management LP)
RESTRICTIONS ON PAYMENTS OF INTERCOMPANY LOANS. No Loan Party shall make any payment or prepayment in respect of Intercompany Loans other than regularly scheduled payments of interest in aggregate amount not to exceed $3,000,000 in any calendar year; provided that Borrower shall have given no less than 5 Business Days’ ' prior written notice to Administrative Agent before making any such payment.
Appears in 1 contract
Samples: Loan and Security Agreement (INVACARE HOLDINGS Corp)
