Standstill and Waivers. The Subordinated Holder Representative and the Subordinated Holders (by their execution of the Subordinated Debenture Purchase Agreement and/or the Indenture and their purchase of the Subordinated Debentures thereunder (or otherwise holding or owning any Subordinated Indebtedness)) agree that, until the Senior Indebtedness Payment Date has occurred, subject to the terms of Section 5.1 and the proviso set forth in Section 6.1 and except for Permitted Actions:
Appears in 3 contracts
Samples: Intercreditor and Subordination Agreement (Teton Energy Corp), Intercreditor and Subordination Agreement (Teton Energy Corp), Intercreditor and Subordination Agreement (Teton Energy Corp)
Standstill and Waivers. The Subordinated Holder Representative and the Subordinated Holders (by their execution of the Subordinated Debenture Purchase Agreement and/or the Indenture and their purchase of the Subordinated Debentures thereunder (or otherwise holding or owning any Subordinated Indebtedness)) agree that, until the Senior Indebtedness Payment Date has occurred, subject to the terms of Section 5.1 and the proviso set forth in Section 6.1 and except for Permitted Actions:
Appears in 1 contract
Samples: Intercreditor and Subordination Agreement (Teton Energy Corp)
