Common use of Debt Payments Clause in Contracts

Debt Payments. Prepay, pay, redeem, purchase in any manner, or make any payment in respect of, or transfer any property in payment of or as security for the payment of, or establish any sinking fund, reserve or analogous fund for the redemption, retirement, prepayment or repayment of, any principal of, interest on, or any fees or other amounts related to any Subordinated Debt, the Senior Notes or any Debt permitted pursuant to Section 7.03(l) (collectively, “Restricted Debt Payments”), except (a) regularly scheduled payments of interest in respect of the Senior Notes and Debt permitted pursuant to Section 7.03(l), (b) regularly scheduled payment of interest in respect of any Subordinated Debt, provided that immediately before and after giving effect thereto there is no Default and (c) provided that (i) immediately before and after giving effect thereto there is no Default and (ii) after giving effect thereto Availability is not less than $75,000,000 any other Restricted Debt Payments not to exceed $175,000,000 in aggregate amount during the term of this Agreement.