Common use of Prepayments, Etc., of Debt Clause in Contracts

Prepayments, Etc., of Debt. It will not (a prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Debt, except (i) the prepayment of the Loans in accordance with this Agreement and (ii) required repayments and redemptions of the ▇▇▇▇▇ or as otherwise permitted by Section 5.19(x), or (b) amend, modify or change in any manner any term or condition of any Debt to shorten the maturity or amortization thereof to a date prior to December 31, 2005 or permit any of its Subsidiaries to do any of the foregoing other than to prepay any Debt payable to the Borrower.

Appears in 2 contracts

Sources: Five Year Revolving Credit Facility Agreement (Avaya Inc), Revolving Credit Facility Agreement (Avaya Inc)