Common use of Subordinated Debt Standstill Provisions Clause in Contracts

Subordinated Debt Standstill Provisions. Until the Senior Debt is indefeasibly paid in full in cash and all commitments to lend (if any) under the Senior Debt Documents shall be terminated, no Subordinated Creditor shall, without the prior written consent of Agent, take any Enforcement Action with respect to the Subordinated Debt. Notwithstanding the foregoing, the Subordinated Creditor may file proofs of claim against any Borrower and/or its affiliates in any Proceeding involving such Borrower and/or such affiliates. 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 Agent and promptly paid or delivered to Agent for itself and for the benefit of the Senior Lenders in the form received until all Senior Debt is indefeasibly paid in full in cash and all commitments to lend (if any) under the Senior Debt Documents shall have been terminated.

Subordinated Debt Standstill Provisions. Until the Senior Debt is indefeasibly paid in full in cash and all commitments to lend (if any) under the Senior Debt Documents shall be terminated, no Subordinated Creditor shall, without the prior written consent of Agent, take any Enforcement Action with respect to the Subordinated Debt. Notwithstanding the foregoing, the each Subordinated Creditor may file proofs of claim against any Borrower and/or its affiliates in any Proceeding involving such Borrower and/or such affiliates. Any Distributions or other proceeds of any Enforcement Action obtained by the a Subordinated Creditor in violation of the foregoing prohibition shall in any event be held in trust by it for the benefit of Agent and promptly paid or delivered to Agent for itself and for the benefit of the Senior Lenders in the form received until all Senior Debt is indefeasibly paid in full in cash and all commitments to lend (if any) under the Senior Debt Documents shall have been terminated.

Subordinated Debt Standstill Provisions. Until the Senior Debt is indefeasibly paid in full in cash and all commitments to lend (if any) under the Senior Debt Documents shall be terminated, no Subordinated Creditor shall, without the prior written consent of Agent, take any Enforcement Action with respect to the Subordinated Debt. Notwithstanding the foregoing, the Subordinated Creditor may file proofs of claim against any Borrower MediaBay and/or its affiliates in any Proceeding involving such Borrower MediaBay and/or such affiliates. 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 Agent and promptly paid or delivered to Agent for itself and for the benefit of the Senior Lenders in the form received until all Senior Debt is indefeasibly paid in full in cash and all commitments to lend (if any) under the Senior Debt Documents shall have been terminated.

Subordinated Debt Standstill Provisions. Until the Senior Debt is indefeasibly paid in full in cash and all commitments to lend (if any) under the Senior Debt Documents shall be have been terminated, no the Subordinated Creditor shallshall not, without the prior written consent of Agentthe Senior Creditor, take any Enforcement Action with respect to the Subordinated Debt. Notwithstanding the foregoing, the Subordinated Creditor may file proofs of claim against any Borrower and/or its affiliates the Company in any Proceeding involving such Borrower and/or such affiliatesthe Company, subject to the provisions of Section 2.2 hereof. 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 Agent the Senior Creditor and promptly paid or delivered to Agent for itself and for the benefit of the Senior Lenders Creditor in the form received until all Senior Debt is indefeasibly paid in full in cash and all commitments to lend (if any) under the Senior Debt Documents shall have been terminated.