Common use of Restriction on Payment Clause in Contracts

Restriction on Payment. Investor Liabilities (a) that Payment is permitted under Clause 7.2 (Permitted Payments: Investor Liabilities); or (b) the taking or receipt of that Payment is permitted under Clause 7.6 (Permitted enforcement: Investors).

Appears in 2 contracts

Sources: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

Restriction on Payment. Investor Liabilities (a) that Payment is permitted under Clause 7.2 (Permitted Payments: Investor Liabilities); or (b) the taking or receipt of that Payment is permitted under Clause 7.6 7.7 (Permitted enforcementEnforcement: Investors).

Appears in 2 contracts

Sources: Intercreditor Agreement, Intercreditor Agreement

Restriction on Payment. Investor Shareholder Liabilities (a) that Payment is permitted under Clause 7.2 9.2 (Permitted Payments: Investor LiabilitiesShareholder Creditors); or (b) the taking or receipt of that Payment is permitted under paragraph (c) of Clause 7.6 9.8 (Permitted enforcementEnforcement: InvestorsShareholder Creditors).

Appears in 2 contracts

Sources: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

Restriction on Payment. Investor Liabilities (a) that Payment is permitted under Clause 7.2 5.2 (Permitted Payments: Investor Liabilities); or (b) the taking or receipt of that Payment is permitted under Clause 7.6 5.6 (Permitted enforcementEnforcement: Investors).

Appears in 1 contract

Sources: Intercreditor Agreement