Existing Interpool Subordinated Debt Clause Samples

Existing Interpool Subordinated Debt. The Indebtedness of the Borrower to Interpool in the original principal amount of $33,650,000, and evidenced by the Existing Subordinated Note Purchase Agreement and the promissory notes issued pursuant thereto, which Indebtedness is intended to be paid in full promptly following the Closing Date. The outstanding principal amount of the Existing Interpool Subordinated Indebtedness on the Closing Date is $3,027,062.50.