Common use of Subordinated Debt Standstill Provisions Clause in Contracts

Subordinated Debt Standstill Provisions. Until all Senior Debt is Paid in Full, Subordinated Agent and each Subordinated Creditor shall not, without the prior written consent of Agent and Senior L/C Lender, take any Enforcement Action with respect to the Subordinated Debt.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Ener-Core, Inc.)

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Subordinated Debt Standstill Provisions. Until all the Senior Debt is Indefeasibly Paid in Fulland all commitments to lend under the Senior Debt Documents shall be terminated, Subordinated Agent and each no Subordinated Creditor shall notshall, without the prior written consent of Agent and Senior L/C LenderAgent, take any Enforcement Action with respect to the Subordinated Debt.

Appears in 1 contract

Samples: Loan Agreement (Keystone Consolidated Industries Inc)

Subordinated Debt Standstill Provisions. Until all the Senior Debt is Obligations are Paid in Full, Subordinated Agent and each no Subordinated Creditor shall notshall, without the prior written consent of Agent and Senior L/C LenderAgent, take any Subordinated Debt Enforcement Action with respect to the Subordinated DebtAction.

Appears in 1 contract

Samples: Subordination Agreement (IDI, Inc.)

Subordinated Debt Standstill Provisions. Until all the Senior Debt is Paid in Full, Subordinated Agent and each no Subordinated Creditor shall notshall, without the prior written consent of Agent and the Senior L/C LenderCreditor, take any Enforcement Action with respect to the Subordinated Debt.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (JRjr33, Inc.)

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Subordinated Debt Standstill Provisions. Until all the Senior Debt is Paid in Full, Subordinated Agent and each no Subordinated Creditor shall notshall, without the prior written consent of Agent and Senior L/C LenderAgent, take any Enforcement Action with respect to the Subordinated Debt.

Appears in 1 contract

Samples: Subordination Agreement (Ocular Therapeutix, Inc)

Subordinated Debt Standstill Provisions. Until all the Senior Debt is Paid in Full, Subordinated Agent and each no Subordinated Creditor shall notshall, without the prior written consent of Agent and Senior L/C Lenderthe Required Holders (as defined below), take any Enforcement Action with respect to the Subordinated Debt.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Axion Power International, Inc.)

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