Common use of LIMITATION OF TRANSACTIONS DURING EXTENSION Clause in Contracts

LIMITATION OF TRANSACTIONS DURING EXTENSION. If (a) the Company shall exercise its right to defer payment of interest as provided in Section 4.01; or (b) there shall have occurred any Event of Default, then the Company shall be subject to the restrictions on payments set forth under Section 5.06.

Appears in 8 contracts

Samples: Subordinated Indenture (Ozark Capital Trust), Subordinated Indenture (Ebh Capital Trust I), Subordinated Indenture (BVBC Capital Trust I)

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LIMITATION OF TRANSACTIONS DURING EXTENSION. If If: (ai) the Company shall exercise its right to defer payment of interest as provided in Section 4.014.1; or (bii) there shall have occurred any Event of Default, then the Company shall be subject to the restrictions on payments set forth under Section 5.065.6.

Appears in 4 contracts

Samples: Subordinated Indenture (CFB Capital Iv), Subordinated Indenture (Community First Bankshares Inc), Subordinated Indenture (Community First Bankshares Inc)

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