Permitted Payments. So long as no Event of Default has occurred and is continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the Subordinated Debt in the ordinary course of business.
Appears in 4 contracts
Samples: Intercompany Subordination Agreement (Elgar Holdings Inc), Intercompany Subordination Agreement (Star Telecommunications Inc), Subordination Agreement (Fitzgeralds Gaming Corp)
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Obligor Debtor may make, and each other Obligor Debtor shall be entitled to accept and receive, (i) payments on account of the Subordinated Debt in the ordinary course of businessbusiness and (ii) payments allowed, if any, under the Loan Agreement.
Appears in 3 contracts
Samples: Intercompany Subordination Agreement (River Holding Corp), Intercompany Subordination Agreement (Hudson Respiratory Care Inc), Intercompany Subordination Agreement (Hudson Respiratory Care Inc)
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the (i) Subordinated Debt Payments in the ordinary course of businessbusiness and (ii) payments allowed, if any, under the Credit Agreement.
Appears in 2 contracts
Samples: Intercompany Subordination Agreement (Oasis Interval Ownership, LLC), Intercompany Subordination Agreement (155 East Tropicana, LLC)
Permitted Payments. So long as no Event of Default would occur or has occurred and is continuing, each Obligor may make, and each other Obligor Creditor shall be entitled to accept and receive, payments on account of the Subordinated Debt in the ordinary course of business.
Appears in 2 contracts
Samples: Intercompany Subordination Agreement (Butler International Inc /Md/), Trademark Security Agreement (Advent Software Inc /De/)
Permitted Payments. So long as no Default or Event of Default has occurred and is continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the any Subordinated Debt in the ordinary course of businessPayment.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Newegg Commerce, Inc.)
Permitted Payments. So long as no Event of Default has shall have occurred and is be continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the Subordinated Debt in accordance with, and to the ordinary course extent permitted under, the terms of businessthe Credit Agreement.
Appears in 1 contract
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the Subordinated Debt in to the ordinary course of businessextent permitted under the Loan Agreement.
Appears in 1 contract
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the Subordinated Debt in the ordinary course of businessbusiness only to the extent such payments are permitted under the Loan Agreement.
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 Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the Subordinated Debt in the ordinary course of businessbusiness only to the extent such payments are permitted under the Loan Agreements.
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 Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the (i) Subordinated Debt Payments in the ordinary course of businessbusiness and (ii) payments allowed, if any, under the Financing Agreement.
Appears in 1 contract
Permitted Payments. So long as no Event of Default has occurred and is continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the Subordinated Debt in the ordinary course of businessbusiness to the extent such payments 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 occurred and is continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the Subordinated Debt in the ordinary course of businessDebt.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Frontstep Inc)
Permitted Payments. So long as no Event of Default has shall have occurred and is be continuing, each Obligor may make, and each other Obligor shall be entitled to accept and receive, payments on account of the Subordinated Debt in accordance with the ordinary course terms of businessthe Financing Agreement.
Appears in 1 contract
Samples: Financing Agreement (Global Geophysical Services Inc)
