Common use of Subordinated Debt Payments Clause in Contracts

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, $300,000 on September 30, 2002, and $150,000 on each of December 31, 2002 and March 31, 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, except that, if no Default or Event of Default has occurred, Borrower may pay, on account of the Subordinated Notes, $300,000 150,000 on each of September 30, 2002, and $150,000 on each of December 31, 2002 and March 31, 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, except that, if no Default or Event of Default has occurred, Borrower may pay, on account of the Subordinated Notes, $300,000 on September 30, 2002, and $150,000 on each of December 31, 2002 and March 31, 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, except that, if no Default or Event of Default has occurred, Borrower may pay, on account of the Subordinated Notes, $300,000 on September 30, 2002, and $150,000 on each of December 31, 2002 and 2002, March 31, 2003 and June 30, 2003.