Common use of Subordinated Debt Standstill Provisions Clause in Contracts

Subordinated Debt Standstill Provisions. Until the Senior Debt is paid in full, the Subordinated Creditor shall not, without the prior written consent of Agent, take any Enforcement Action with respect to the Subordinated Debt or under the Subordinated Debt Documents. Any Distributions or other proceeds of any Enforcement Action obtained by the Subordinated Creditor shall in any event be held in trust by it for the benefit of Agent and Senior Lenders and promptly paid or delivered to Agent for the benefit of Senior Lenders in the form received until the Senior Debt is paid in full.

Subordinated Debt Standstill Provisions. Until the earlier of the Payment in Full of the Senior Debt is paid in fullDebt, the Subordinated Creditor agrees that it shall not, without the prior written consent of Agentthe Senior Agent and Senior Creditors, take any Enforcement Action with respect to the Subordinated Debt or under the Subordinated Debt Documents. Exercise Any Distributions Secured Creditor Remedies or any other proceeds of enforcement rights as against any Enforcement Action obtained by the Subordinated Creditor shall in any event be held in trust by it for the benefit of Agent and Senior Lenders and promptly paid Obligor or delivered to Agent for the benefit of Senior Lenders in the form received until the Senior Debt is paid in fullits assets.

Subordinated Debt Standstill Provisions. Until the Senior Debt is paid Paid in fullFull, the no Subordinated Creditor shall notshall, without the prior written consent of Agent, the Senior Creditor take any Enforcement Action with respect to the Subordinated Debt or under the Subordinated Debt Documents. Any Distributions or other proceeds of any Enforcement Action obtained by the Subordinated Creditor shall in any event be held in trust by it for the benefit of Agent and Senior Lenders and promptly paid or delivered to Agent for the benefit of Senior Lenders in the form received until the Senior Debt is paid in fullDebt.