Payments on Subordinated Debt. The Borrowers shall not make any payment or prepayment of principal of, or interest on or any other payment in respect of, Subordinated Debt, except to the extent permitted by (a) the Acquirer Subordinated Note with respect to the Indebtedness thereunder or (b) with respect to any other Subordinated Debt, the applicable agreement between the Agent and the holders of such Subordinated Debt establishing the terms of subordination in accordance with Section 7.1(f).
Appears in 2 contracts
Samples: Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc)
Payments on Subordinated Debt. (a) The Borrowers Borrower shall not make any payment or prepayment of principal of, or interest on or any other payment in respect of, Subordinated Debt, except to the extent permitted by (a) the Acquirer Subordinated Note with respect to the Indebtedness thereunder or (b) with respect to any other Subordinated Debt, the applicable agreement between the Agent and the holders of such the Subordinated Debt establishing the terms of subordination in accordance with Section 7.1(f)subordination.
Appears in 1 contract
Payments on Subordinated Debt. The Borrowers Borrower shall not make any payment or prepayment of principal of, or interest on or any other payment in respect of, Subordinated Debt, except to the extent permitted by (a) the Acquirer Subordinated Note with respect to the Indebtedness thereunder or (b) with respect to any other Subordinated Debt, the applicable agreement between the Agent and the holders of such the Subordinated Debt establishing the terms of subordination in accordance with Section 7.1(f)subordination.
Appears in 1 contract
