Common use of Payment of Subordinated Obligations Clause in Contracts

Payment of Subordinated Obligations. Pay any principal (including sinking fund payments) or any other amount (other than scheduled interest payments) with respect to any Subordinated Obligation, or purchase or redeem (or offer to purchase or redeem) any Subordinated Obligation, or deposit any monies, securities or other Property with any trustee or other Person to provide assurance that the principal or any portion thereof of any Subordinated Obligation will be paid when due or otherwise to provide for the defeasance of any Subordinated Obligation provided that:

Payment of Subordinated Obligations. Pay Prepay any principal (including sinking fund payments) ), interest or any other amount (other than scheduled interest payments) with respect to any Subordinated ObligationObligations, or purchase or redeem (or offer to purchase or redeem) any Subordinated ObligationObligations, or deposit any monies, securities or other Property with any trustee or other Person to provide assurance that the principal or any portion thereof of any Subordinated Obligation Obligations will be paid when due or otherwise to provide for the defeasance of any Subordinated Obligation Obligations provided thatthat Borrower may: