Common use of Payment on Subordinated Debt Clause in Contracts

Payment on Subordinated Debt. If Borrower makes any payment on Subordinated Debt in violation of the applicable Subordination Agreement;

Appears in 2 contracts

Samples: Loan and Security Agreement (Swisher International Inc), Loan and Security Agreement (United Golf Products Inc)

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Payment on Subordinated Debt. If Borrower makes any payment on Subordinated Debt Debt, if existing, in violation of the applicable Subordination Agreement;.

Appears in 2 contracts

Samples: Loan and Security Agreement (First Choice Healthcare Solutions, Inc.), Loan and Security Agreement (Enetpc Inc)

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Payment on Subordinated Debt. If Borrower makes any payment on the Subordinated Debt in violation of the applicable Subordination Agreement;

Appears in 1 contract

Samples: Loan and Security Agreement (Intervisual Books Inc /Ca)

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