Deferral of Subordinated Debt. Borrower shall not, either directly or indirectly, without the prior written consent of Lender, pay in advance of the stated maturity thereof any Subordinated Debt of Borrower or, if an Event of Default hereunder shall have occurred, make any payment of any kind thereafter on such Subordinated Debt until all obligations of Borrower hereunder and under the Note have been paid and performed in full.
Appears in 4 contracts
Samples: Revolving Credit and Security Agreement (Aames Financial Corp/De), Credit and Security Agreement (Fieldstone Investment Corp), Revolving Credit and Security Agreement (ECC Capital CORP)