Common use of Subordinated Debt Clause in Contracts

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt, without Bank's prior written consent.

Appears in 48 contracts

Samples: Loan and Security Agreement (Click2learn Com Inc), Loan and Security Agreement (A123 Systems Inc), Loan and Security Agreement (Jamdat Mobile Inc)

AutoNDA by SimpleDocs

Subordinated Debt. Make or permit any payment on in respect of any Subordinated Debt, or permit any of its Subsidiaries to make any such payment, except under in compliance with the terms of the such Subordinated Debt, or amend any provision contained in any document documentation relating to the Subordinated Debt, Debt without BankLender's prior written consent.

Appears in 5 contracts

Samples: Convertible Loan and Security Agreement (Lc Capital Master Fund LTD), Loan and Security Agreement (Physicians Insurance Co of Ohio), Security Agreement (Stevens Financial Group LLC)

Subordinated Debt. Make or permit any payment on any Subordinated Debtsubordinated debt, except under the terms of the Subordinated DebtIndebtedness, or amend any material provision in any document relating to the Subordinated DebtIndebtedness, without BankSecured Party's prior written consent.

Appears in 4 contracts

Samples: Security Agreement (Ibasis Inc), Security Agreement (Ibasis Inc), Security Agreement (Ibasis Inc)

Subordinated Debt. Make or permit any payment on in respect of any Subordinated Debt, or permit any of its Subsidiaries to make any such payment, except under in compliance with the terms of the such Subordinated Debt, or amend any provision contained in any document documentation relating to the Subordinated Debt, without Bank's prior written consent.

Appears in 4 contracts

Samples: Loan and Security Agreement (Ubiquiti Networks, Inc.), Loan and Security Agreement (Ubiquiti Networks, Inc.), Loan and Security Agreement (Ubiquiti Networks, Inc.)

Subordinated Debt. Make any payment in respect of any Subordinated Debt, or permit any of its Subsidiaries to make any such payment, if an Event of Default exists at the time of such payment or would exist after giving effect to such payment, or make any payment on any Subordinated Debt, Debt except under in compliance with the terms of the such Subordinated Debt, or amend any provision contained in any document documentation relating to the Subordinated Debt, Debt without Bank's prior written consent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pharmchem Inc), Loan and Security Agreement (MSC Software Corp), Loan and Security Agreement (Pharmchem Laboratories Inc)

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt, without Bank's prior written consent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Physiometrix Inc), Loan and Security Agreement (ClearStory Systems, Inc.), Loan and Security Agreement (Cyberkinetics Neurotechnology Systems, Inc.)

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any material provision in any document relating to the Subordinated Debt, without Bank's prior written consent.

Appears in 3 contracts

Samples: Loan Agreement (Applix Inc /Ma/), Loan and Security Agreement (Momenta Pharmaceuticals Inc), Security Agreement (Aspen Technology Inc /De/)

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, Debt or amend any provision in any document relating to the Subordinated Debt, Debt without Bank's prior written consent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pixelworks Inc), Loan and Security Agreement (Virage Logic Corp)

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt, without Bank's prior written consent, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Loan and Security Agreement (Stereotaxis, Inc.), Loan and Security Agreement (Stereotaxis, Inc.)

Subordinated Debt. Make or permit any payment on in respect of any Subordinated Debt, or permit any of its Subsidiaries to make any such payment, except under in compliance with the terms of the such Subordinated DebtDebt and any related subordination agreement, or amend any provision contained in any document documentation relating to the Subordinated Debt, Debt without Bank's Lenders' prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Mti Technology Corp)

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt, or enter into any new Subordinated Debt without Bank's prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Valueclick Inc/Ca)

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt, Debt without Bank's Lenders' prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (SGX Pharmaceuticals, Inc.)

Subordinated Debt. Make or permit any payment on in respect of any Subordinated Debt, or permit any of its Designated Subsidiaries to make any such payment, except under in compliance with the terms of the such Subordinated Debt, or amend any provision contained in any document documentation relating to the Subordinated Debt, Debt without Bank's prior written consent.

Appears in 1 contract

Samples: Loan Agreement (Lionbridge Technologies Inc /De/)

AutoNDA by SimpleDocs

Subordinated Debt. Make or permit any payment on in respect of any Subordinated Debt, or permit any of their Subsidiaries to make any such payment, except under in compliance with the terms of the such Subordinated Debt, or amend any provision contained in any document documentation relating to the Subordinated Debt, Debt without the Bank's prior written consent.

Appears in 1 contract

Samples: Loan Agreement (Moldflow Corp)

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt, Debt without Bank's prior written consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (Pharsight Corp)

Subordinated Debt. Make or permit any payment on in respect of any Subordinated Debt, or permit any of its Subsidiaries to make any such payment, except under in compliance with the terms of the such Subordinated Debt, or amend any provision contained in any document documentation relating to the Subordinated Debt, Debt without Bank's the Banks' prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Tegal Corp /De/)

Subordinated Debt. Make Except as specified on the Schedule, make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt, without Bank's prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Technologies International Inc)

Subordinated Debt. Make any payment in respect of any ----------------- Subordinated Debt, or permit any payment on of its Subsidiaries to make any Subordinated Debtsuch payment, except under in compliance with the terms of such Subordinated Debt and the Subordination Agreement governing such Subordinated Debt, or amend any provision contained in any document documentation relating to the Subordinated Debt, Debt without Bank's prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Manhattan Associates Inc)

Subordinated Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision respecting the terms of repayment in any document relating to the Subordinated Debt, Debt without Bank's prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Ipass Inc)

Subordinated Debt. Make or permit any payment on in respect of any Subordinated Debt, or permit any of its Subsidiaries to make any such payment, except under in compliance with the terms of the such Subordinated Debt, or amend any provision contained in any document documentation relating to the Subordinated Debt, without Bank's prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Silknet Software Inc)

Subordinated Debt. (a) Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debtsubordination, intercreditor, or amend other similar agreement to which such Subordinated Debt is subject, or (b) Amend any provision in any document relating to the Subordinated Debt, without Debt which would increase the amount thereof or adversely affect the subordination thereof to Obligations owed to Bank's prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Commvault Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!