Payments of Indebtedness. Each Obligor will not, and will not permit any of its Subsidiaries to, make any payments in respect of any Material Indebtedness other than (a) payments of the Obligations and (b) so long as no Default or Event of Default has occurred and is continuing or would result therefrom, (i) scheduled payments of other Permitted Indebtedness and repayment of intercompany Indebtedness permitted in reliance upon Section 9.01(e) (subject in each case to any subordination agreement entered into in connection therewith), (ii) regularly scheduled payments of interest on the Outstanding Convertible Notes and the repayment in full of the principal amount of the Outstanding Convertible Notes, (iii) regularly scheduled payments of interest on the Investor Convertible Note, subject to the Investor Subordination Agreement and (iv) the conversion of the principal amount of the Investor Convertible Note into Qualified Equity Interests of Parent.
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Sources: Credit Agreement (Trinity Biotech PLC), Credit Agreement (Trinity Biotech PLC), Credit Agreement (Trinity Biotech PLC)
Payments of Indebtedness. Each Obligor will not, and will not permit any of its Subsidiaries to, make any payments in respect of any Material Indebtedness other than (a) payments of the Obligations and (b) so long as no Default or Event of Default has occurred and is continuing or would result therefrom, (i) scheduled payments of other Permitted Indebtedness and repayment of intercompany Indebtedness permitted in reliance upon Section 9.01(e) (subject in each case to any subordination agreement entered into in connection therewith), (ii) repayment and discharge of the obligations under AIB Facility 1, AIB Facility 2 and AIB Facility 4, (iii) regularly scheduled payments of interest on the Outstanding Convertible Notes and the repayment in full of the principal amount of the Outstanding Convertible Notes, (iiiiv) regularly scheduled payments of interest on the Investor Convertible Note, subject to the Investor Subordination Agreement and (ivv) the conversion of the principal amount of the Investor Convertible Note into Qualified Equity Interests of Parent.
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Payments of Indebtedness. Each Except for the Convertible Notes Funding Actions, each Obligor will not, and will not permit any of its Subsidiaries to, make any payments in respect of any Material Indebtedness other than (a) payments of the Obligations and (b) so long as no Default or Event of Default has occurred and is continuing or would result therefrom, (i) scheduled payments of other Permitted Indebtedness and repayment of intercompany Indebtedness permitted in reliance upon Section 9.01(e) (subject in each case to any subordination agreement entered into in connection therewith), (ii) repayment and discharge of the obligations under AIB Facility 1, AIB Facility 2 and AIB Facility 4, (iii) regularly scheduled payments of interest on the Outstanding Convertible Notes and the repayment in full of the principal amount of the Outstanding Convertible Notes, (iiiiv) regularly scheduled payments of interest on the Investor Convertible Note, subject to the Investor Subordination Agreement and (ivv) the conversion of the principal amount of the Investor Convertible Note into Qualified Equity Interests of Parent.
Appears in 1 contract
Sources: Credit Agreement and Guaranty (Trinity Biotech PLC)