Common use of Subordinated Debt Payments Clause in Contracts

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.

Appears in 2 contracts

Sources: Credit Agreement (Freeport McMoran Resource Partners Limited Partnership), Credit Agreement (Freeport McMoran Inc)

Subordinated Debt Payments. The Borrowers and Neither the Borrower, the Guarantor nor any of the Restricted Subsidiaries shall notshall, directly or indirectly, make any principal payment on, or repurchase of, any subordinated debt referred to in clauses clause (ii) and (xviii) of Section 5.2(g5.02(g) with proceeds of the Loans.

Appears in 1 contract

Sources: Credit Agreement (McMoran Exploration Co /De/)

Subordinated Debt Payments. The Borrowers Borrower and the Restricted Subsidiaries shall not, directly or indirectly, make any principal payment on, or repurchase of, any subordinated debt referred to in clauses clause (ii) and (xviii) of Section 5.2(g5.02(g) with proceeds of the Loans.

Appears in 1 contract

Sources: Credit Agreement (Freeport McMoran Sulphur Inc)