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 (Flagstar Trust), Union Bankshares Capital Trust I, Ebh Capital Trust I
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: Community First Bankshares Inc, Community First Bankshares Inc, Community First Bankshares Inc
