Common use of Limitations on Subordinated Debt Payments Clause in Contracts

Limitations on Subordinated Debt Payments. Except as and to the extent otherwise expressly permitted or provided by Sections 2.3 and 2.5 hereof, neither the Borrower nor any of its Subsidiaries shall at any time make any payments or distributions of any kind on account of Subordinated Debt, whether in cash, securities or other Property or by way of conversion, exchange or set-off or otherwise, and the Subordinated Creditors shall not at any time demand, receive or accept from the Borrower or from any of its Subsidiaries any payments or distributions on account of Subordinated Debt.

Limitations on Subordinated Debt Payments. Except as and to the extent otherwise expressly permitted or provided by Sections 2.3 and 2.5 hereof, neither the Borrower nor any of its Subsidiaries shall at any time make any payments or distributions of any kind on account of Subordinated Debt, whether in cash, securities or other Property or by way of conversion, exchange or set-off or otherwise, and the Subordinated Creditors shall not at any time demand, receive or accept from the Borrower or from any of its Subsidiaries Subsidiaries, any payments or distributions on account of Subordinated Debt.

Limitations on Subordinated Debt Payments. Except as and ------------------------------------------ to the extent otherwise expressly permitted or provided by Sections 2.3 and 2.5 hereof, neither the Borrower nor any of its Subsidiaries shall at any time make any payments or distributions of any kind on account of Subordinated Debt, whether in cash, securities or other Property or by way of conversion, exchange or set-off or otherwise, and the Subordinated Creditors shall not at any time demand, receive or accept from the Borrower or from any of its Subsidiaries Subsidiaries, any payments or distributions on account of Subordinated Debt.

Limitations on Subordinated Debt Payments. Except as and to the extent otherwise expressly permitted or provided by Sections 2.3 and 2.5 2.4 hereof, neither the Borrower nor any of its Subsidiaries the other Subsidiary Loan Parties shall at any time make any payments or distributions of any kind on account of Subordinated Debt, whether in cash, securities or other Property or by way of conversion, exchange or set-off or otherwise, and the Subordinated Creditors Creditor shall not at any time demand, receive or accept from the Borrower or from any of its Subsidiaries the other Subsidiary Loan Parties, any payments or distributions on account of Subordinated Debt.