Common use of No Prepayment of Subordinated Debt Clause in Contracts

No Prepayment of Subordinated Debt. The Borrower will not, and will not permit any of its Subsidiaries to, (a) make any payment or prepayment of principal of, or premium or interest on, any Subordinated Debt (i) other than the stated, scheduled date for payment of interest set forth in the applicable Subordinated Debt Documents, (ii) other than with Net Equity Proceeds (after application pursuant to clause (g) of Section 3.1.1) in accordance with the applicable Subordinated Debt Documents or (iii) which would violate the terms of this Agreement or the applicable 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 the Borrower nor any Subsidiary will designate any Indebtedness other than the Obligations as "Designated Senior Debt" (or any analogous term) in any Subordinated Debt Document.

No Prepayment of Subordinated Debt. The Other than in connection with a refinancing permitted pursuant to Section 7.2.2, the Parent and the Borrower will not, and will not permit any of its their respective Subsidiaries to,, directly or indirectly, take any of the following actions: (a) make any payment or prepayment of principal of, or premium or interest on, any Subordinated Debt (i) other than accrued and unpaid interest thereon on the stated, scheduled date for payment of interest thereof set forth in the applicable Subordinated Sub Debt Documents; provided, (ii) other than with Net Equity Proceeds (after application pursuant to clause (g) of Section 3.1.1) in accordance with the applicable Subordinated Debt Documents or (iii) however, that no such payment shall be made which would violate the terms of this Agreement or the applicable Subordinated 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 Parent, the Borrower nor any Subsidiary of their respective Subsidiaries will designate any Indebtedness other than the Obligations as "Designated “Senior Debt" ” or “Senior Indebtedness” (or any analogous term) in pursuant to any Subordinated Sub Debt Document.

No Prepayment of Subordinated Debt. The Neither Borrower will notwill, and will not permit any of its Subsidiaries their Consolidated Entities to, (a) make any payment or prepayment of principal of, or premium or interest on, any Subordinated Debt (i) other than the stated, scheduled date for payment of interest set forth in the applicable Subordinated Debt Documents, (ii) other than with Net Equity Proceeds (after application pursuant to clause (g) of Section 3.1.1) in accordance with the applicable Subordinated Sub Debt Documents or as otherwise required thereunder, or (iiiii) which would violate the terms of this Agreement or the applicable Subordinated Sub Debt Documents;Documents;\ (b) redeem, retire, purchase, defease or otherwise acquire any Subordinated DebtDebt other than pursuant to the terms of the applicable Sub Debt Documents; 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 Borrower nor any Subsidiary of their Consolidated Entities will designate any Indebtedness other than the Obligations as "Designated Senior DebtIndebtedness" (or any analogous term) in any Subordinated Sub Debt Document.

No Prepayment of Subordinated Debt. The Neither Borrower will, nor will not, and will not it permit any of its Subsidiaries Consolidated Entities to, (a) make any payment or prepayment of principal of, or premium or interest on, any Subordinated Debt (i) other than the stated, scheduled date for payment of interest set forth in the applicable Subordinated Debt Documents, (ii) other than with Net Equity Proceeds (after application pursuant to clause (g) of Section 3.1.1) in accordance with the applicable Subordinated Sub Debt Documents or as otherwise required thereunder, or (iiiii) which would violate the terms of this Agreement or the applicable Subordinated Sub Debt Documents; (b) redeem, retire, purchase, defease or otherwise acquire any Subordinated DebtDebt other than pursuant to the terms of the applicable Sub Debt Documents; 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 Borrower nor any Subsidiary of their Consolidated Entities will designate any Indebtedness other than the Obligations as "Designated Senior DebtIndebtedness" (or any analogous term) in any Subordinated Sub Debt Document.