General Postponement and Subordination. Except that Subordinated Creditor may receive and retain Permitted Payments solely to the extent expressly permitted under Section 7.1 below, until the Discharge of Senior Indebtedness:
Appears in 5 contracts
Samples: Subordination Agreement, Subordination Agreement (Midcoast Energy Partners, L.P.), Security Agreement (Enbridge Energy Partners Lp)
General Postponement and Subordination. Except that any Subordinated Creditor may receive and retain Permitted Payments solely to the extent expressly permitted under Section 7.1 below, until the Discharge of Senior Indebtedness:
Appears in 4 contracts
Samples: Credit Agreement and Extension Agreement, Subordination Agreement (Midcoast Energy Partners, L.P.), Credit Agreement and Extension Agreement (Midcoast Energy Partners, L.P.)
