Payments and Modifications of Subordinate Debt. The Borrower will not, and will not permit the Company or any 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 such action would violate the subordination terms applicable to such Indebtedness<; provided that, on and after the Amendment Effective Date until the Covenant Compliance Date, the Borrower will not make or permit any such payment under this Section 6.11 other than mandatory scheduled payments of principal and interest>.
Appears in 5 contracts
Samples: Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.)
