Common use of Restriction on Payment Clause in Contracts

Restriction on Payment. Second Lien Liabilities (a) that Payment is permitted under Clause 5.2 (Permitted Payments: Second Lien Liabilities), Clause 9.5 (Filing of claims) or Clause 16 (Additional debt); or (b) the taking or receipt of that Payment is permitted under Clause 5.8 (Permitted Second Lien enforcement).

Restriction on Payment. Second Lien Liabilities (a) that Payment is permitted under Clause 5.2 (Permitted Payments: Second Lien Liabilities), Clause 9.5 (Filing of claims) or Clause 16 (Additional debtDebt); or (b) the taking or receipt of that Payment is permitted under Clause 5.8 (Permitted Second Lien enforcement).

Restriction on Payment. Permitted Second Lien Financing Liabilities (a) that Payment is permitted under Clause 5.2 (Permitted Payments: Permitted Second Lien Financing Liabilities), Clause 9.5 (Filing of claims) or Clause 16 (Additional debtDebt); or (b) the taking or receipt of that Payment is permitted under Clause 5.8 (Permitted Second Lien enforcement).