Common use of Restriction on Payments Clause in Contracts

Restriction on Payments. Notwithstanding any provision of the Subordinated Indebtedness Documents to the contrary and in addition to any other limitations set forth herein or therein, no payment (whether made in cash, securities (except as set forth in the following sentence) or other property or by set-off) of principal, interest or any other amount due with respect to the Subordinated Indebtedness shall be made or received, and no Subordinated Creditor shall exercise any right of set-off or recoupment with respect to any Subordinated Indebtedness, until all of the Senior Indebtedness is Paid in Full. Notwithstanding anything to the contrary contained in the preceding sentence or in the Loan Documents, the following shall not be deemed a violation of (i) this Subordination Agreement or (ii) the Loan Documents: