Common use of No Prepayment of Subordinated Debt Clause in Contracts

No Prepayment of Subordinated Debt. The Borrowers will not, and will not permit any of their respective Subsidiaries to, (a) make any payment or prepayment of principal of, or premium or interest (including cash interest) on, any Subordinated Debt (i) other than the stated, scheduled date for payment of interest set forth on the date hereof in the applicable Sub Debt Documents or (ii) which would violate the terms of this Agreement or the applicable Sub Debt Documents; (b) redeem, retire, purchase, defease or otherwise acquire any Subordinated Debt; or (c) make any deposit (including the payment of amounts into a sinking fund or other similar fund) for any of the foregoing purposes. Furthermore, neither the Borrowers nor any of their respective Subsidiary will designate any Indebtedness other than the Obligations as "Designated Senior Debt" (or any analogous term) in any Sub Debt Document.

No Prepayment of Subordinated Debt. The Borrowers will notNo Borrower will, and no Borrower will not permit any of their respective its Subsidiaries to,: (a) make any payment or prepayment of principal of, or premium or interest (including cash interest) on, any Subordinated Debt (i) other than the stated, scheduled date for payment of interest set forth on the date hereof in the applicable Sub Subordinated Debt Documents Documents, or (ii) which would violate the terms of this Agreement or the applicable Sub Subordinated Debt Documents; (b) redeem, retire, purchase, defease or otherwise acquire any Subordinated Debt; or (c) make any deposit (including the payment of amounts into a sinking fund or other similar fund) for any of the foregoing purposes. Furthermore, neither none of the Borrowers nor or any of their respective Subsidiary Subsidiaries will designate any Indebtedness other than the Obligations as "“Designated Senior Debt" ” (or any analogous term) in any Sub Subordinated Debt Document.