Subordinated Creditors. (i) any Subordinated Creditor commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under a Deed of Subordination and in respect of any such breach or omission which, in the opinion of the Agent (acting on the instructions of the Majority Banks (acting reasonably)) is capable of remedy, such action as the Agent may require shall not have been taken within 21 days of the Agent notifying such Subordinated Creditor thereof and of such required action; or
Subordinated Creditors. (a) Until the Final Discharge Date:
Subordinated Creditors. The Borrower shall not make any payment to any Subordinated Creditor (as defined in the Subordination Agreement), except as permitted pursuant to the terms of the Subordination Agreement.
Subordinated Creditors. Assignment of Subordinated Debt entered or to be entered into between the Security Agent and the Subordinated Creditors.
Subordinated Creditors. Each Subordinated Creditor hereby undertakes with the Security Agent and the Debtors that, notwithstanding any provision of any of the Subordinated Agreements, it will not at any time during the Finance Period directly or indirectly (and will not permit any of its Subsidiaries to) without the prior written consent of the Security Agent save in respect of a Permitted Payment in accordance with this Agreement and save as in accordance with clause 2.6 (Excluded Amounts) and clause 5.2 (Assignments and transfers of Subordinated Liabilities):
Subordinated Creditors. Each Subordinated Creditor hereby represents and warrants as follows:
Subordinated Creditors. (a) The Borrowers may request that any person becomes a Subordinated Creditor, with the prior approval of the Facility Agent, by delivering to the Facility Agent:
Subordinated Creditors. No Subordinated Creditor will at any time before the Senior Discharge Date (except with the written consent of the Trustee):
Subordinated Creditors and Borrower shall, simultaneously with the execution and delivery of this Agreement, cause the following legend to be placed on the Subordinated Notes: This Note and the indebtedness evidenced hereby is subordinated in the manner and to the extent set forth in an agreement (the "Agreement") dated as of January 16, 2004, by the maker and the payee of this Note in favor of Local Oklahoma Bank, as Senior Lender, to all indebtedness (including interest) at any time owed by the maker of this Note to said Senior Lender, and each holder of this Note, by its acceptance hereof, shall be bound by such Agreement. Subordinated Creditors shall deliver a copy of the Subordinated Notes, as so marked, to Senior Lender. If reasonably required by Senior Lender in order to enforce or make a claim under any such note pursuant to this Agreement, Subordinated Creditors shall deliver to Senior Lender the original note held by it.
Subordinated Creditors. Promptly upon receipt thereof, copies of all communications between Borrower and any Subordinated Creditors."
