Common use of Subordinated Debt Payment Restrictions Clause in Contracts

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt Documents, Company hereby agrees that it may not make, and Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to the Subordinated Debt until the Senior Debt is Paid in Full, other than Permitted Subordinated Debt Payments.

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt Documents, the Company hereby agrees that it may not make, directly or indirectly, and Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to the Subordinated Debt until the Senior Debt is Paid indefeasibly paid in Full, other than Permitted Subordinated full in cash and any commitments to lend under the Senior Debt PaymentsDocuments have terminated.

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt Documents, Company hereby agrees that it may not make, and Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to the Subordinated Debt until the Senior Debt is Paid in Full, other than Permitted Subordinated Debt Payments; provided, however, that no Permitted Subordinated Debt Payment may be made by the Company or accepted by Subordinated Creditor if any Senior Default has occurred and is continuing or would result therefrom.

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt DocumentsNote, each Company hereby agrees that it may shall not make, and Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to the Subordinated Debt until all of the Senior Debt is Paid paid in Full, full other than Permitted Subordinated Debt PaymentsPayments (subject however to subsection 2.2).

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt Documents, Company hereby agrees that it may not make, and each Subordinated Creditor hereby agrees that it will not accept, any Distribution (other than Reorganization Subordinated Securities as provided in Section 2.2) with respect to the Subordinated Debt until the Senior Debt is Paid paid in Full, other than Permitted Subordinated Debt Paymentsfull. 2.4.

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt Documents, the Company hereby agrees that it may not make, directly or indirectly, and Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to from the Subordinated Debt Company or any Guarantor until the Senior Debt is Paid in FullIn Full other than, other than subject to the terms of Section 2.2 of this Agreement, Permitted Subordinated Debt Payments.Payments3.1

Subordinated Debt Payment Restrictions. (a) Notwithstanding the terms of the Subordinated Debt Documents, the Company hereby agrees that it may not make, and Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to the Subordinated Debt until the Senior Debt is Paid indefeasibly paid in Full, other than Permitted Subordinated full in cash and all commitments to lend under the Senior Debt PaymentsDocuments have terminated.

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt Documents, each Company hereby agrees that it may not make, and each Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to the Subordinated Debt until the Senior Debt is Paid paid in Fullfull other than, other than subject to the terms of subsection 2.2 of this Agreement, Permitted Subordinated Debt Payments.

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt Documents, Company hereby agrees that it may not make, and each Subordinated Creditor hereby agrees that it will not accept, any Distribution (other than Reorganization Subordinated Securities as provided in Section 2.2) with respect to the Subordinated Debt until the Senior Debt is Paid paid in Full, other than Permitted Subordinated Debt Paymentsfull.

Subordinated Debt Payment Restrictions. Notwithstanding the terms of the Subordinated Debt Documents, the Company hereby agrees that it may not make, and Subordinated Creditor hereby agrees that it will not acceptaccept from any Person, any Distribution Distribution, whether in cash, securities or other property, with respect to the Subordinated Debt until the Senior Debt is Paid in Full, other than Permitted Subordinated Debt PaymentsSubordination Termination Date.

Subordinated Debt Payment Restrictions. (a) Notwithstanding the terms of the Subordinated Debt Transaction Documents, the Company hereby agrees that it may not make, directly or indirectly, and the Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to the Subordinated Debt until the Senior Debt is Paid in Full, other than Permitted Subordinated Debt Payments.