Common use of Payments in Respect of Subordinated Debt Clause in Contracts

Payments in Respect of Subordinated Debt. No Borrower shall make any payment in respect of any Indebtedness for borrowed money that is subordinated to the Liabilities (including, without limitation, the Subordinated Debt, unless otherwise permitted expressly under the terms of a subordination agreement in form and substance acceptable to the Lender).

Payments in Respect of Subordinated Debt. No Borrower shall not make any payment in respect of any Indebtedness for borrowed money that is subordinated to the Liabilities (including, without limitation, the Subordinated Debt), unless otherwise permitted expressly under the terms of a subordination agreement in form and substance acceptable to the Lender)Administrative Agent.

Payments in Respect of Subordinated Debt. No The Borrower shall not make any payment in respect of any Indebtedness for borrowed money that is subordinated to the Liabilities (including, without limitation, the Subordinated Debt, unless otherwise permitted expressly under the terms of a subordination agreement in form and substance acceptable to the Lender).

Payments in Respect of Subordinated Debt. No Borrower shall make any payment in respect of any Indebtedness for borrowed money that is subordinated to the Liabilities (including, without limitation, the Subordinated DebtIndebtedness, unless otherwise permitted expressly under the terms of a subordination agreement in form and substance acceptable the applicable Subordination Agreement; provided, nothing herein shall be construed to the Lender)mean that Borrowers may incur any Subordinated Debt.

Payments in Respect of Subordinated Debt. No Borrower shall make any payment in respect of any Indebtedness for borrowed money that is subordinated to the Liabilities (including, without limitation, the Subordinated Debt), unless otherwise permitted expressly under the terms of a subordination agreement in form and substance acceptable the applicable Subordination Agreement including, for the avoidance of doubt, with respect to the Lender)Junior Debt.

Payments in Respect of Subordinated Debt. No The Borrower shall not make any payment in respect of any Indebtedness for borrowed money that is subordinated to the Liabilities (including, without limitation, the Subordinated Debt, unless otherwise permitted expressly under the terms of a subordination agreement in form and substance acceptable to the Lender)Liabilities.