Common use of Prohibition Against Certain Payments of Principal and Interest of Other Indebtedness Clause in Contracts

Prohibition Against Certain Payments of Principal and Interest of Other Indebtedness. Upon the occurrence of, and during the continuation of, an Event of Default, none of the Group Companies will (i) directly or indirectly, redeem, purchase, prepay, retire, defease or otherwise acquire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Indebtedness, or set aside any funds for such purpose, whether such redemption, purchase, prepayment, retirement or acquisition is made at the option of the maker or at the option of the holder thereof, and whether or not any such redemption, purchase, prepayment, retirement or acquisition is required under the terms and conditions applicable to such Indebtedness or (ii) release, cancel, compromise or forgive in whole or in part any Indebtedness evidenced by any Intercompany Note.