Common use of Prohibition of Defeasance of Subordinated Notes Clause in Contracts

Prohibition of Defeasance of Subordinated Notes. The ----------------------------------------------- Borrower shall not and shall not permit any of its Subsidiaries to make any payments to the trustee under the Indenture or to any holders of Subordinated Notes in payment of the defeasance or covenant defeasance of the Subordinated Notes pursuant to Section 402 or 403 of the Indenture or any similar provision in any supplement to the Indenture. Nothing in this subsection (y) shall prohibit the purchase by the Borrower of Subordinated Notes pursuant to Section 8.02(d)(vii) or the refinancing of the Subordinated Notes with Permitted Subordinated Indebtedness.

Prohibition of Defeasance of Subordinated Notes. The --- ----------------------------------------------- Borrower shall not and shall not permit any of its Subsidiaries to make any payments to the trustee under the Indenture or to any holders of Subordinated Notes in payment of the defeasance or covenant defeasance of the Subordinated Notes pursuant to Section 402 or 403 of the Indenture or any similar provision in any supplement to the Indenture. Nothing in this subsection (y) shall prohibit the purchase by the Borrower of Subordinated Notes pursuant to Section 8.02(d)(vii) or the refinancing of the Subordinated Notes with Permitted Subordinated Indebtedness.

Prohibition of Defeasance of Subordinated Notes. The ----------------------------------------------- Borrower shall not and shall not permit any of its Subsidiaries to make any payments to the trustee under the Indenture or to any holders of Subordinated Notes in payment of the defeasance or covenant defeasance of the Subordinated Notes pursuant to Section 402 or 403 of the Indenture or any similar provision in any supplement to the Indenture. Nothing in this subsection (y) shall prohibit the purchase by the Borrower of Subordinated Notes pursuant to Section 8.02(d)(vii8.02(d)(vi) or the refinancing of the Subordinated Notes with Permitted Subordinated Indebtedness.