Common use of Change in Terms and Prepayment of Subordinated Indebtedness Clause in Contracts

Change in Terms and Prepayment of Subordinated Indebtedness. (a) Effect or permit any change in or amendment to (i) the terms by which any Subordinated Indebtedness purports to be subordinated to the payment and performance of the Borrowers' obligations under this Agreement or (ii) the terms relating to the repayment of any Subordinated Indebtedness; or (b) Directly or indirectly, make any payment of any principal of or in redemption, retirement or repurchase of Subordinated Indebtedness except payments required by the instruments evidencing such Subordinated Indebtedness.

Appears in 1 contract

Samples: Multicurrency Revolving Credit and Term Loan Agreement (Dynatech Corp)

AutoNDA by SimpleDocs

Change in Terms and Prepayment of Subordinated Indebtedness. Borrower shall not: (a) Effect effect or permit any change in or amendment to (i) the terms by which any Subordinated Indebtedness purports to be subordinated to the payment and performance of the Borrowers' obligations under this Agreement Obligations or (ii) the terms relating to the repayment of any Subordinated Indebtedness; or (b) Directly or indirectly, make any payment of any principal of or in redemption, retirement or repurchase of Subordinated Indebtedness except payments required by the instruments evidencing such Subordinated Indebtedness.

Appears in 1 contract

Samples: Master Credit Agreement (Polyvision Corp)

Change in Terms and Prepayment of Subordinated Indebtedness. Borrower shall not: (a) Effect effect or permit any change in or amendment to (i) the terms by which any Subordinated Indebtedness purports to be subordinated to the payment and performance of the Borrowers' obligations under this Agreement Obligations or (ii) the terms relating to the repayment of any Subordinated Indebtedness; or (b) Directly directly or indirectly, make any payment of any principal in respect of or in redemption, retirement or repurchase of any Subordinated Indebtedness except payments required by in accordance with the terms of any documents, agreements or instruments evidencing which serve to subordinate such Subordinated IndebtednessIndebtedness to the Obligations.

Appears in 1 contract

Samples: Master Credit Agreement (Aristotle Corp)

Change in Terms and Prepayment of Subordinated Indebtedness. The ----------------------------------------------------------- Borrower shall not: (a) Effect effect or permit any change in or amendment to (i) the terms by which any Subordinated Indebtedness purports to be subordinated to the payment and or performance of the Borrowers' obligations under this Agreement Obligations, or (ii) the terms relating to the repayment of any Subordinated Indebtedness; or (b) Directly directly or indirectly, make any payment of any principal of or in redemption, retirement or repurchase of Subordinated Indebtedness Indebtedness, except payments required by the instruments evidencing such Subordinated Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriquest Technologies Inc)

AutoNDA by SimpleDocs

Change in Terms and Prepayment of Subordinated Indebtedness. Borrower shall not: (a) Effect effect or permit any change in or amendment to (i) the terms by which any Subordinated Indebtedness purports to be subordinated to the payment and performance of the Borrowers' obligations under this Agreement Obligations or (ii) the terms relating to the repayment of any Subordinated Indebtedness; or (b) Directly directly or indirectly, make any payment of any principal of or in redemption, retirement or repurchase of Subordinated Indebtedness except payments required by the instruments evidencing such Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Edac Technologies Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!