Second Lien Facility Restrictions Clause Samples
Second Lien Facility Restrictions. For so long as the Second Lien Loans are outstanding, the Borrower will not, nor will it permit any Restricted Subsidiary to, (a) except for (i) the regularly scheduled payments of principal and interest required under the Second Lien Facility Documents and (ii) prepayments of the Second Lien Loans with the net cash proceeds of any issuance of Convertible Notes permitted under Section 7.01(k), directly or indirectly, retire, redeem, defease, repurchase or prepay prior to the scheduled due date thereof any part of the principal of, or interest on, the Second Lien Loans, or (b) except as otherwise permitted under the Intercreditor Agreement, enter into or permit any supplement, modification or amendment of, or waive any right or obligation of any Person under, any Second Lien Document.
Second Lien Facility Restrictions. Section 7.14 of the Credit Agreement shall be and it hereby is amended in its entirety to read as follows:
Second Lien Facility Restrictions. The Borrower will not, nor will it permit any Restricted Subsidiary to, (a) except for the regularly scheduled payments of principal and interest required under the Second Lien Facility Documents, directly or indirectly, retire, redeem, defease, repurchase or prepay prior to the scheduled due date thereof any part of the principal of, or interest on, the Second Lien Loans, or (b) except as otherwise permitted under the Intercreditor Agreement, enter into or permit any supplement, modification or amendment of, or waive any right or obligation of any Person under, any Second Lien Document.