Junior Subordinated Indebtedness. The Company shall not and shall not permit any of its Subsidiaries to amend, supplement or modify the terms of the Junior Subordinated Notes, or make any payment required as a result of an amendment or change thereto, other than amendments, supplements or modifications which (i) (a) decrease the rate of interest payable on the Junior Subordinated Notes, (b) provide for the payment in kind in lieu of cash of any portion of the interest on the Junior Subordinated Notes, (c) provide for the extension of the maturity date with respect to any principal or interest payment to be made under the Junior Subordinated Notes, (d) provide more flexibility to the Company or its Subsidiaries in connection with any covenants or (e) waive any defaults existing in connection with the Junior Subordinated Notes and (ii) do not adversely affect in any respect the interests of the holders of the Notes.
Appears in 5 contracts
Samples: Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp)
