Prepayments of Subordinated Indebtedness. Voluntarily prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in excess of $5,000,000 in the aggregate during the term of this Agreement in violation of any subordination terms of, any Subordinated Debt, except any prepayments or redemptions of any such Indebtedness (a) that exists as of the date hereof and is listed on Schedule 6.03 to the Disclosure Letter in connection with a refunding or refinancing thereof permitted by Section 6.03(i) or (b) that is permitted by Section 6.03(g), unless an Event of Default has occurred and is continuing.
Appears in 2 contracts
Sources: Credit Agreement (Polycom Inc), Credit Agreement (Polycom Inc)
Prepayments of Subordinated Indebtedness. Voluntarily prepayPrepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in excess of $5,000,000 in the aggregate during the term of this Agreement in violation of any subordination terms of, any Subordinated Debt, except any prepayments or redemptions of any such Indebtedness (a) that exists as of the date hereof and is listed on Schedule 6.03 to the Disclosure Letter in connection with a refunding or refinancing thereof permitted by Section 6.03(i) or (b) that is permitted by Section 6.03(g), unless an Event of Default has occurred and is continuing.
Appears in 1 contract
Sources: Credit Agreement (Neustar Inc)