Common use of Voluntary Prepayments, Modification of Debt Instruments Clause in Contracts

Voluntary Prepayments, Modification of Debt Instruments. Except in the ordinary course of business, Borrower will not (a) prepay, purchase, redeem or otherwise acquire for value prior to the stated maturity thereof all or any part of any indebtedness for borrowed money, including, but not limited to, the Subordinated Debt (other than indebtedness evidenced by the Notes, or any other indebtedness to the Bank, subject to any applicable prepayment penalty) or (b) amend, modify or supplement in any way, or request any waiver of the provisions of, any instrument providing for or evidencing any indebtedness for borrowed money or constituting the deferred purchase price of property or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

AutoNDA by SimpleDocs

Voluntary Prepayments, Modification of Debt Instruments. Except in the ordinary course of business, Borrower will not (a) prepay, purchase, redeem or otherwise acquire for value prior to the stated maturity thereof all or any part of any indebtedness for borrowed money, including, but not limited to, the Subordinated Debt money (other than indebtedness evidenced by the NotesNote, or any other indebtedness to the Bank, subject to any applicable prepayment penalty) or (b) amend, modify or supplement in any way, or request any waiver of the provisions of, any instrument providing for or evidencing any indebtedness for borrowed money or constituting the deferred purchase price of property or assets.

Appears in 1 contract

Samples: Line of Credit Loan and Security Agreement (Egames Inc)

Voluntary Prepayments, Modification of Debt Instruments. Except in the ordinary course of business, The Borrower will not (a) prepay, purchase, redeem or otherwise acquire for value prior to the stated maturity thereof all or any part of any indebtedness Debt of the Borrower for borrowed money, including, but not limited to, the Subordinated Debt money (other than indebtedness Debt evidenced by the Notes, Notes or any other indebtedness Debt to the Bank, subject to any applicable prepayment penalty) or (b) amend, modify or supplement in any way, or request any waiver of the provisions of, any instrument providing for or evidencing any indebtedness Debt of the Borrower for borrowed money or constituting the deferred purchase price of property or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Semitool Inc)

AutoNDA by SimpleDocs

Voluntary Prepayments, Modification of Debt Instruments. Except in the ordinary course of business, Borrower will not ------------------------------------------------------- (a) prepay, purchase, redeem or otherwise acquire for value prior to the stated maturity thereof all or any part of any indebtedness for borrowed money, including, but not limited to, the Subordinated Debt (other than indebtedness evidenced by the NotesDebt, or any other indebtedness to the Bank, subject to any applicable prepayment penalty) or (b) amend, modify or supplement in any way, or request any waiver of the provisions of, any instrument providing for or evidencing any indebtedness for borrowed money or constituting the deferred purchase price of property or assets.

Appears in 1 contract

Samples: Line of Credit, Term Loan and Security Agreement (Orthovita Inc)

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