Permitted Payments. So long as no Event of Default has occurred and is continuing, each Debtor may make, and each other Debtor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt in the ordinary course of business and (ii) payments allowed, if any, under the Loan Agreement.
Appears in 3 contracts
Samples: Intercompany Subordination Agreement (Hudson Respiratory Care Inc), Intercompany Subordination Agreement (River Holding Corp), Intercompany Subordination Agreement (Hudson Respiratory Care Inc)
Permitted Payments. So long as no Event of Default would occur or has occurred and is continuing, each Debtor Obligor may make, and each other Debtor Creditor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt in the ordinary course of business and (ii) payments allowed, if any, under the Loan Agreementbusiness.
Appears in 2 contracts
Samples: Intercompany Subordination Agreement (Butler International Inc /Md/), Credit Agreement (Advent Software Inc /De/)
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Debtor Obligor may make, and each other Debtor Obligor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt Payments in the ordinary course of business and (ii) payments allowed, if any, under the Loan Credit Agreement.
Appears in 2 contracts
Samples: Intercompany Subordination Agreement (155 East Tropicana, LLC), Intercompany Subordination Agreement (Oasis Interval Ownership, LLC)
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Debtor Obligor may make, and each other Debtor Obligor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt Payments in the ordinary course of business and (ii) payments allowed, if any, under the Loan Financing Agreement.
Appears in 1 contract
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Debtor Obligor may make, and each other Debtor Obligor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt in the ordinary course of business and (ii) only to the extent such payments allowed, if any, are permitted under the Loan AgreementAgreements.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Midway Games Inc)
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Debtor Obligor may make, and each other Debtor Obligor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt in the ordinary course of business and (ii) to the extent such payments allowed, if any, are permitted under the Loan Agreement.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Iron Age Holdings Corp)
Permitted Payments. So long as no Event of Default has shall have occurred and is be continuing, each Debtor Obligor may make, and each other Debtor Obligor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt in accordance with the ordinary course terms of business and (ii) payments allowed, if any, under the Loan Financing Agreement.
Appears in 1 contract
Samples: Subordination Agreement (Global Geophysical Services Inc)
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Debtor Obligor may make, and each other Debtor Obligor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt in to the ordinary course of business and (ii) payments allowed, if any, extent permitted under the Loan Agreement.
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