Common use of Payments Subject to Subordination Clause in Contracts

Payments Subject to Subordination. Notwithstanding the foregoing provisions of this Section 3, no cash payment or prepayment of interest or principal or any other amounts payable under this Section 3 shall be made at any time when the payment thereof is prohibited by the provisions of Section 7 hereof.

Appears in 3 contracts

Samples: Katy Industries Inc, Katy Industries Inc, Katy Industries Inc

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Payments Subject to Subordination. Notwithstanding the foregoing provisions of this Section 3, no cash payment or prepayment of interest or principal or any other amounts payable under this Section 3 shall be made at any time when the payment thereof is prohibited by the provisions of Section 7 (including Schedule B) hereof.

Appears in 2 contracts

Samples: Lease Agreement (Cellu Tissue Holdings, Inc.), Cellu Tissue Holdings, Inc.

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