Payments and Modifications of Subordinate Debt. The Company and the Borrower will not, and will not permit any of its Subsidiaries to, make or offer to make any payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds (whether scheduled or voluntary) with respect to principal or interest on any Indebtedness which is subordinate to the Obligations if a Default has occurred and is continuing.
Appears in 6 contracts
Samples: Revolving Credit and Term Loan Agreement (Healthcare Trust of America Holdings, LP), Revolving Credit and Term Loan Agreement (Healthcare Trust of America Holdings, LP), Revolving Credit and Term Loan Agreement (Healthcare Trust of America, Inc.)
Payments and Modifications of Subordinate Debt. The Company and the Borrower will not, and will not permit any of its Subsidiaries the Subsidiary Guarantors to, make or offer to make any payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds (whether scheduled or voluntary) with respect to principal or interest on any Indebtedness which is subordinate to the Obligations pursuant to its express terms or a written agreement if a Default or an Event of Default has occurred and is continuingcontinuing or would occur after giving effect thereto.
Appears in 4 contracts
Samples: Revolving Credit and Term Loan Agreement (Taubman Centers Inc), Revolving Credit and Term Loan Agreement (Taubman Centers Inc), Term Loan Agreement (Taubman Centers Inc)
Payments and Modifications of Subordinate Debt. The Company and the Borrower will not, and will not permit the Company or any of its Subsidiaries Subsidiary to, make or offer to make any payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds (whether scheduled or voluntary) with respect to principal or interest on any Indebtedness which is subordinate to the Obligations if a Default has occurred and is continuingsuch action would violate the subordination terms applicable to such Indebtedness.
Appears in 4 contracts
Samples: Revolving Credit and Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Revolving Credit and Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Revolving Credit Agreement (Xenia Hotels & Resorts, Inc.)
Payments and Modifications of Subordinate Debt. The Company and the Borrower will not, and will not permit any of its Subsidiaries Subsidiary to, make or offer to make any payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds (whether scheduled or voluntary) with respect to principal or interest on any Indebtedness which is subordinate to the Obligations if a Default or an Event of Default has occurred and is continuingcontinuing or would result therefrom.
Appears in 3 contracts
Samples: Term Loan Agreement (GPT Operating Partnership LP), Credit and Term Loan Agreement (Gramercy Property Trust), Term Loan Agreement (Gramercy Property Trust)
Payments and Modifications of Subordinate Debt. The Company and the Borrower will not, and will not permit the Company or any of its Subsidiaries Subsidiary to, make or offer to make any payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds (whether scheduled or voluntary) with respect to principal or interest on any Indebtedness which is subordinate to the Obligations if a Default or an Event of Default has occurred and is continuingcontinuing or would result therefrom.
Appears in 2 contracts
Samples: Credit and Term Loan Agreement (Gramercy Property Trust Inc.), Revolving Credit and Term Loan Agreement (Gramercy Property Trust Inc.)
Payments and Modifications of Subordinate Debt. The Company and the Borrower will not, and will not permit any of its Subsidiaries to, make or offer to make any payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds (whether scheduled or voluntary) with respect to principal or interest on any Indebtedness which is subordinate to the Obligations if a Default or Event of Default has occurred and is continuing.
Appears in 1 contract
Samples: Credit Agreement (Healthcare Trust of America Holdings, LP)
Payments and Modifications of Subordinate Debt. The Company and the Borrower will not, and will not permit any of its Subsidiaries Subsidiary to, make or offer to make any payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds (whether scheduled or voluntary) with respect to principal or interest on any Indebtedness which is subordinate to the Obligations if a Default or an Event of Default has occurred and is continuingcontinuing or would result therefrom. SECTION 6.11.
Appears in 1 contract
Samples: Term Loan Agreement
Payments and Modifications of Subordinate Debt. The Company and the Borrower will not, and will not permit the REIT or any of its Subsidiaries Subsidiary to, make or offer to make any payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds (whether scheduled or voluntary) with respect to principal or interest on any Indebtedness which is subordinate contractually subordinated to the Obligations if a Default has occurred and is continuingsuch action would violate the subordination terms applicable to such Indebtedness.
Appears in 1 contract
