Common use of No Payment Upon Senior Debt Defaults Clause in Contracts

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each Obligor shall not make, and each other Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each no Obligor shall not make, and each other no Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each Obligor no Debtor shall not make, and each no other Obligor Debtor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each no Obligor shall not make, and each no other Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon Except as otherwise permitted under the terms of the Loan Agreement, upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each no Obligor shall not make, and each no other Obligor shall not accept or receive, any Subordinated Debt Payment; provided, however, Obligors may continue to make any payments due to any Borrower.

No Payment Upon Senior Debt Defaults. Upon the occurrence and during the continuance of any Event of Default, and until such Event of Default is cured or waived, each Obligor shall not make, and each other Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Default or Event of Default, and until such Default or Event of Default is cured or waived, each Obligor shall not make, and each other Obligor shall not accept or receive, any Subordinated Debt Payment, except to the extent expressly permitted pursuant to the Credit Agreement.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of DefaultDefault and receipt of notice thereof from the Collateral Agent, and until such Event of Default is cured or waived, each Obligor shall not make, and each other Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each except for Subordinated Debt Payments made (i) to a Borrower or (ii) in connection with any transaction permitted under Section 7.3(i) of the Second Amended and Restated Loan and Security Agreement, no Obligor shall not make, and each other no Obligor or Subsidiary shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each Obligor shall not make, and each other Obligor shall not accept or receive, any Subordinated Debt Payment, unless otherwise expressly permitted by the Agents in their discretion.

No Payment Upon Senior Debt Defaults. Upon the occurrence and during the continuance of any Event of Default, and until such Event of Default is cured or waived, each no Obligor shall not make, and each other no Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each Obligor the Borrower shall not make, and each other Obligor the Creditor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of So long as any Event of Default, Default has occurred and until such Event of Default is cured or waived, each continuing no Obligor shall not make, and each no other Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each Obligor shall not make, and each other Obligor shall not accept or receive, any Subordinated Debt Payment, except to the extent expressly permitted by the Loan Agreement.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of DefaultDefault (as defined in each of the Loan Agreements), and until such Event of Default is cured or waived, each Obligor shall not make, and each other Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each except for Subordinated Debt Payments made (i) to a Borrower or (ii) in connection with any transaction permitted under Section 7.3(a) of the Loan Agreement, no Obligor shall not make, and each other no Obligor or Subsidiary shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence and during the continuance of any Event of Default, and until such Event of Default is cured or waived, each no Obligor shall not make, and each no other Obligor shall not accept or receive, any Subordinated Debt Payment.

No Payment Upon Senior Debt Defaults. Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, each except for Subordinated Debt Payments made in connection with any transaction permitted under Section 5.01 of the Indenture and the Intercreditor Agreement, no Obligor shall not make, and each other no Obligor or Subsidiary shall not accept or receive, any Subordinated Debt Payment.