Permitted Payments

Permitted Payments. With respect to the Subordinated Indebtedness, payment of (a) common Equity Interests of the Parent in connection with (i) the payment of interest under Section 2 of the Subordinated Note or (ii) the conversion of the outstanding principal of and accrued interest on the Subordinated Indebtedness into common Equity Interests of the Parent pursuant to Section 4 of the Subordinated Note, (b) Restructuring Securities in connection with an Insolvency Proceeding, (c) PIK Payments, and (d) from... January 1, 2018, through and including December 31, 2018, such amounts (not exceeding the Effective Date Amount) as are permitted to be paid by the Loan Parties under Section 7.17(b)(iv) of the Senior Loan Agreement. View More

Permitted Payments. Shall mean regularly scheduled payments of interest and principal on the Subordinated Indebtedness.

Permitted Payments. Means (a) regularly scheduled payments of interest and fees on the dates, in the amounts and at the interest rates (including any changes thereto by the application of interest rate adjustments as provided for in the Junior Loan Documents, but excluding any increase in the interest rate resulting from application of default rate interest under the Junior Loan Documents) set forth in the Junior Credit Agreement as in effect on the date hereof, and (b) prepayments of the principal outstanding... amount of the Junior Liabilities to the extent permitted pursuant to Section 9.2(d) of the Senior Credit Agreement. View More

Permitted Payments. Any other payments of expenses and liabilities of LTHI in the ordinary course of business or any advances by LTHI to any of its Subsidiaries in the ordinary course of business, but in each case only to the extent that such payments or advances would not have a material adverse effect on the Borrowers or LTHI or on the prospect of repayment of the liabilities of the Borrowers to the Bank under the Loan Documents or on the prospect of satisfaction of the obligations... of LTHI to the Bank under any guaranty on its part of the obligations of the Borrowers to the Bank, provided, however, for purposes of this sentence, the foregoing shall in no event include any payments in respect of the Subordinated Liabilities or other subordinated indebtedness of LTHI or the Company which matters are, for purposes of the definition of "Permitted Payments" herein, addressed exclusively by the second sentence of this Section 4.3. View More

Permitted Payments. Scheduled payments of principal, accrued interest and any attorneys' fees under the Junior Note as and when same become due and payable on the scheduled payment dates set forth in the Junior Note.

Permitted Payments. Means the following payments of principal and interest on the Subordinated Indebtedness permitted to be made subject to the terms and conditions of this Agreement, including the conditions set forth below: 1. So long as Excess Availability is not less than Five Hundred Thousand Dollars ($500,000), payment of the Effective Date Payments payable to the Subordinated Creditors.

Permitted Payments. Means the following payments of principal and interest on the Subordinated Debt permitted to be made subject to the terms and conditions of this Agreement, including the conditions set forth below: 2 1. So long as Excess Availability is not less than Five Hundred Thousand Dollars ($500,000), payment of (a) the Effective Date Payment payable to the Subordinated Creditor; (b) the second special payment of principal in the amount of One Hundred Twenty Thousand Dollars ($120,000.00) on... or before December 29, 2011; and (c) the third special payment of principal in the amount of Two Hundred Fifty Thousand Dollars ($250,000.00) on or before June 30, 2012. View More

Permitted Payments. Any payments, distributions or transfers with respect to (i) any Permitted Indebtedness (in the case of Subordinated Indebtedness, to the extent permitted by the relevant subordination or intercreditor agreement) and (ii) any Permitted Distributions.

Permitted Payments. Means (i) payments of interest in kind on the Subordinated Debt made as compounded interest, added to the aggregate principal amount of the Subordinated Debt, (ii) other payments in respect of Subordinated Debt that are not Capped Obligations in an amount not in excess of $25,000 per each Fiscal Quarter of the Borrower, and (iii) indefeasible payment in full in cash of all Subordinated Debt held by Equilon Enterprises LLC d/b/a Shell Oil Products US on or after the occurrence of a New Buyer... Event in connection with a Transfer or refinancing thereof as contemplated by, and in accordance with the terms of, Section 2.8 View More

Permitted Payments. (a) scheduled repayments of principal when due under the Subordinated Loan Documents as in effect on the date hereof or amended in accordance with the terms hereof (but no prepayments, whether optional or mandatory); (b) scheduled payments of accrued interest (whether payable in cash or in-kind) when due under the Subordinated Loan Documents as in effect on the date hereof or as amended in accordance with the terms hereof (including as may accrue during any Insolvency Proceeding of Borrower or... any Guarantor); (c) all reimbursable expenses, costs and professional fees and expenses as and when due under the Subordinated Loan Documents in an annual aggregate amount not to exceed One Hundred Fifty Thousand Dollars ($150,000); and (d) other payments consented to in writing by Bank. View More