Payments and Modifications of Subordinated Debt. No Borrower will, directly or indirectly declare, pay, make or set aside any amount for payment in respect of any Subordinated Debt except as may be permitted by the applicable Subordination Agreement.
Appears in 3 contracts
Samples: Credit and Security Agreement (American Retirement Corp), Credit and Security Agreement (American Retirement Corp), Credit and Security Agreement (American Retirement Corp)
Payments and Modifications of Subordinated Debt. No Borrower will, directly or indirectly indirectly, declare, pay, make or set aside any amount for payment in respect of any Subordinated Debt except as may be unless permitted by pursuant to the applicable Subordination Agreement.
Appears in 3 contracts
Samples: Credit and Security Agreement (AlerisLife Inc.), Credit and Security Agreement (Emeritus Corp\wa\), Credit and Security Agreement (Sagent Holding Co.)
Payments and Modifications of Subordinated Debt. No Borrower will, or will permit any Subsidiary to, directly or indirectly declare, pay, make or set aside any amount for payment in respect of any Subordinated Debt except as may be if and to the extent permitted by under the applicable Subordination Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Cyberonics Inc), Credit Agreement (Valera Pharmaceuticals Inc)
Payments and Modifications of Subordinated Debt. No Borrower will, or will permit any Subsidiary to, directly or indirectly indirectly, declare, pay, make or set aside any amount for payment in respect of any Subordinated Debt except as may be unless permitted by pursuant to the applicable Subordination Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (BioTrove, Inc.), Credit and Security Agreement (Advancis Pharmaceutical Corp)
