Common use of Subordinated Debt Standstill Provisions Clause in Contracts

Subordinated Debt Standstill Provisions. Until the Senior Debt is Paid in Full, Subordinated Creditor shall not, without the prior written consent of Agent and Senior Lenders, take any Enforcement Action with respect to the Subordinated Debt. Notwithstanding the foregoing, Subordinated Creditor may file proofs of claim against the Company in any Proceeding involving such Company. Any Distributions or other proceeds of any Enforcement Action obtained by Subordinated Creditor in violation of the foregoing prohibition shall in any event be held in trust by it for the benefit of Agent and Senior Lenders and promptly paid or delivered to Senior Lenders in the form received until all Senior Debt is Paid in Full.

Subordinated Debt Standstill Provisions. Until the Senior Debt is Paid in Full, no Subordinated Creditor shall notshall, without the prior written consent of Agent and the Senior LendersCreditors, take any Enforcement Action with respect to the Subordinated Debt. Notwithstanding the foregoing, Subordinated Creditor may file proofs Debt except as expressly permitted by Section 2.2(h) of claim against the Company in any Proceeding involving such Companythis Agreement. Any Distributions or other proceeds of any Enforcement Action obtained by a Subordinated Creditor in violation of the foregoing prohibition when such payment or Distribution is prohibited by this Agreement shall in any event be held in trust by it him for the benefit of Agent and the Senior Lenders Creditors and promptly paid or delivered to the Senior Lenders Agent for the benefit of the Senior Creditors in the form received until all Senior Debt is Paid in Full.

Subordinated Debt Standstill Provisions. (i) Until the Senior Debt is Paid in Obligations are Paid-In-Full, the Subordinated Creditor shall not, without the prior written consent of Agent and Senior Lenders, not take any Enforcement Action with respect to the Subordinated Debt. Notwithstanding the foregoing, the Subordinated Creditor may file proofs of claim against the Company any Obligor and vote such claims in any Proceeding involving such CompanyObligor. Any Distributions or other proceeds of any Enforcement Action obtained by the Subordinated Creditor in violation of the foregoing prohibition shall in any event be held in trust by it for the benefit of the Senior Agent and the other Senior Lenders Creditors and promptly paid or delivered to the Senior Lenders Agent for the benefit of the Senior Creditors in the form received until all Senior Debt is Paid in Obligations are Paid-In-Full.

Subordinated Debt Standstill Provisions. Until the Senior Debt is Paid in Full, Subordinated Creditor shall not, without the prior written consent of Agent and Senior LendersAgent, take any Enforcement Action with respect to the Subordinated Debt. Notwithstanding the foregoing, Subordinated Creditor may file proofs of claim against the Company in any Proceeding involving such Company. Any Distributions or other proceeds of any Enforcement Action obtained by Subordinated Creditor in violation of the foregoing prohibition 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 all Senior Debt is Paid in Full.