Restricted Debt Prepayment

Restricted Debt Prepayment. Means any purchase, redemption, defeasance (including, but not limited to, in-substance or legal defeasance) or other acquisition or retirement for value (other than an exchange for Capital Stock other than Redeemable Stock) (collectively a 'prepayment'), directly or indirectly, by the Company or a Subsidiary, prior to scheduled maturity or prior to any scheduled repayment of principal or sinking fund payment in respect of Indebtedness of the Company which is subordinate (whether pursuant to... its terms or the operation of law) in right of payment to the Note and which was scheduled to mature after the maturity date of the Note, provided that any such prepayment shall not be a Restricted Debt Prepayment if such prepayment is financed with the proceeds of indebtedness incurred by the Company. View More