Common use of Restriction on Enforcement: Subordinated Creditors Clause in Contracts

Restriction on Enforcement: Subordinated Creditors. Subject to Clause 7.7 (Permitted Enforcement: Subordinated Creditors), no Subordinated Creditor shall: (a) be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Discharge Date; and (b) take any Enforcement Action falling within paragraph (e) of the definition of “Enforcement Action” at any time prior to the Senior Discharge Date.

Restriction on Enforcement: Subordinated Creditors. Subject to Clause 7.7 8.8 (Permitted Enforcement: Subordinated Creditors), no Subordinated Creditor shall: (a) shall be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Discharge Date; and (b) take any Enforcement Action falling within paragraph (e) of the definition of “Enforcement Action” at any time prior to the Senior Final Discharge Date.

Restriction on Enforcement: Subordinated Creditors. Subject to Clause 7.7 6.9 (Permitted Enforcement: Subordinated Creditors), no the Subordinated Creditor shall: (a) Creditors shall not be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Discharge Date; and (b) take any Enforcement Action falling within paragraph (e) of the definition of “Enforcement Action” at any time prior to the Senior Discharge Date.

Restriction on Enforcement: Subordinated Creditors. Subject to Clause 7.7 8.8 (Permitted Enforcement: ) the Subordinated Creditors), no Subordinated Creditor shall: (a) Creditors shall not be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Discharge Date; and (b) take any Enforcement Action falling within paragraph (e) of the definition of “Enforcement Action” at any time prior to the Senior Final Discharge Date.