Common use of Amendment to Subordinated Debt Clause in Contracts

Amendment to Subordinated Debt. Amend or permit the amendment of the documents and instruments evidencing Subordinated Debt or make any prepayment on account of such Subordinated Debt which is not otherwise allowed to be made under the subordination provisions applicable to such Subordinated Debt.

Appears in 8 contracts

Samples: Loan and Security Agreement (C & F Financial Corp), Finance Agreement (White River Capital Inc), Loan and Security Agreement (Carbiz Inc)

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Amendment to Subordinated Debt. (a) Amend or permit the amendment of any of the documents and instruments evidencing Subordinated Debt or (b) make any prepayment on account of such Subordinated Debt which is not otherwise allowed to be made under the subordination provisions applicable to such Subordinated Debt. Notwithstanding anything in this Agreement to the contrary, Borrowers are permitted to amend their Proxy Statements and related documents in connection with its Senior Demand Notes, Variable Rate Subordinated Debentures and Commercial Paper.

Appears in 2 contracts

Samples: Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP), Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)

Amendment to Subordinated Debt. Amend or permit the amendment of the documents and instruments evidencing Subordinated Debt or make any prepayment on account of such Subordinated Debt which is not otherwise allowed to be made under the subordination provisions applicable to such Subordinated DebtDebt (including the applicable Subordination Agreements); provided however, Borrowers may extend the maturity of any existing Subordinated Debt and all Subordinated Debt incurred from and after the date of this Agreement shall be on form promissory notes acceptable to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Aaron's Inc)

Amendment to Subordinated Debt. Amend or permit the amendment of the documents and instruments evidencing Subordinated Debt or make any prepayment on account of such Subordinated Debt which is not otherwise allowed to be made under the subordination provisions applicable to such Subordinated Debt.

Appears in 1 contract

Samples: Finance Agreement (Credit Concepts Inc)

Amendment to Subordinated Debt. (a) Amend or permit the amendment of any of the documents and instruments evidencing Subordinated Debt Debt, or (b) make any prepayment on account of such Subordinated Debt which is not otherwise allowed to be made under the subordination provisions applicable to such Subordinated Debt.

Appears in 1 contract

Samples: Loan and Security Agreement (Nicholas Financial Inc)

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Amendment to Subordinated Debt. Amend or permit the amendment of the documents and instruments evidencing Subordinated Debt or make any prepayment on account of such Subordinated Debt which is not otherwise allowed to be made under the subordination provisions applicable to such Subordinated Debt.Debt (including the applicable Subordination Agreements). Section 7.11

Appears in 1 contract

Samples: Loan and Security Agreement (Nicholas Financial Inc)

Amendment to Subordinated Debt. Amend or permit the amendment of the documents and instruments evidencing Subordinated Debt or make any prepayment on account of such Subordinated Debt which is not otherwise allowed to be made under the subordination provisions applicable to such Subordinated DebtDebt (including the applicable Subordination Agreements).

Appears in 1 contract

Samples: Loan and Security Agreement (CompuCredit Holdings Corp)

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