Common use of Payments in Kind Clause in Contracts

Payments in Kind. For purposes of this Term Loan Agreement, any ---------------- payment of Indebtedness or interest accrued on Indebtedness which is made through the delivery of a promissory note or other instrument evidencing additional Indebtedness, shall not be considered to have been "made" or "paid" hereunder until such time as the obligor with respect to such promissory note or other instrument makes payment on the same in cash or other form of legal tender, and until such time as payment is so made the Indebtedness represented by such promissory note or other instrument shall be considered "due" hereunder.

Payments in Kind. For purposes of this Term Revolver Loan Agreement, ---------------- any ---------------- payment of Indebtedness or interest accrued on Indebtedness which is made through the delivery of a promissory note or other instrument evidencing additional Indebtedness, shall not be considered to have been "made" or "paid" hereunder until such time as the obligor with respect to such promissory note or other instrument makes payment on the same in cash or other form of legal tender, and until such time as payment is so made the Indebtedness represented by such promissory note or other instrument shall be considered "due" hereunder.