Subordinated Debt Payments. Borrower makes any payment on account of indebtedness which has now or hereafter been subordinated to the Obligations, except to the extent such payment is allowed under any subordination agreement entered into with BACC;
Subordinated Debt Payments. Make any voluntary or optional payment, prepayment or repayment on, redemption, exchange or acquisition for value of, or any sinking fund or similar payment with respect to, any Subordinated Debt, except as permitted by the subordination provisions in the applicable Subordinated Debt Documents and any subordination agreement with respect thereto in favor of the Administrative Agent and the Lenders.
Subordinated Debt Payments. It will not, and will not permit any of its Subsidiaries to, prepay, repurchase or redeem, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Subordinated Indebtedness; provided that KCMH and any Subsidiary may prepay, repurchase or redeem, defease or otherwise satisfy any Subordinated Indebtedness if (x) immediately before and after such payment, no Default or Event of Default shall have occurred and be continuing and (y) the Debt to Equity Ratio is less than or equal to [**] to 1.00 after giving pro forma effect thereto. Notwithstanding the foregoing, nothing in this Section 6.02(f) shall prohibit the repayment or prepayment of intercompany Subordinated Indebtedness owed among KCMH and/or its Subsidiaries, in either case unless an Event of Default has occurred and is continuing and KCMH has received a notice from the Administrative Agent instructing it not to make or permit any such repayment or prepayment.
Subordinated Debt Payments. No Borrower shall make any payment in contravention of the terms and conditions of the Subordination Agreements.
Subordinated Debt Payments. The Loan Parties shall not make any payment in contravention of the terms and conditions of any Subordination Agreements.
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Subordinated Debt Payments. The Borrowers and the Restricted Subsidiaries shall not, directly or indirectly, make any principal payment on, or repurchase of, any subordinated debt referred to in clauses (ii) and (x) of Section 5.2(g) with proceeds of the Loans.
Subordinated Debt Payments. From and after the date hereof, the Obligor agrees that effective as of the date of this Agreement and continuing through and until all of the Obligations are repaid in full in cash (including, without limitation, all Lender's fees and expenses), the Obligor shall not make any payments of principal and/or interest on account of the Seller Notes, the Earn-Out (as defined in the Purchase Documents), the Subordinated Notes and/or Management Fees, except that, if no Default or Event of Default has occurred, Borrower may pay, on account of the Subordinated Notes, $150,000 on each of December 31, 2002, March 31, 2003 and June 30, 2003.
Subordinated Debt Payments. From and after the date hereof, the Obligor agrees that effective as of the date of this Agreement and continuing through and until all of the Obligations are repaid in full in cash (including, without limitation, all Lender's fees and expenses), the Obligor shall not make any payments of principal and/or interest on account of the Seller Notes, the Earn-Out (as defined in the Purchase Documents), the Subordinated Notes and/or Management Fees.
Subordinated Debt Payments. The Borrower will not make, directly or indirectly, any cash principal payment of or in respect of any Subordinated Indebtedness (including any sinking fund or similar deposit and any payment on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Subordinated Indebtedness), except for Subordinated Note Payments that are not prohibited under the subordination provisions set forth in the applicable Subordinated Indebtedness Documents.
