Examples of Repay in a sentence
Attn: Corporate Secretary 0000 Xxxxxxxxxxx Xxxxx Xxxx Xxxxx, Xxxxx Xxxxxxxx 00000 Re: Undertaking to Repay Advancement of Expenses To whom it may concern: This undertaking is being provided pursuant to that certain Indemnification Agreement, dated [DATE], by and between Xxxx, Inc., a North Carolina corporation (the “Company”), and the undersigned as Indemnitee (the “Indemnification Agreement”).
Repay, repurchase or offer to repay, repurchase or otherwise acquire any Indebtedness other than (i) the Note and (ii) regularly scheduled principal and interest payments under the terms of any Permitted Indebtedness, provided that any such payments of Permitted Indebtedness shall not be permitted if, at such time, or after giving effect to such payment, any Event of Default (as defined in the Notes) exists or occurs.