Common use of Payment on Subordinated Debt Clause in Contracts

Payment on Subordinated Debt. If Borrower makes any payment on Subordinated 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 Subordinated Debt, if existing, 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 the Subordinated Debt, if existing, 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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