Subordinated Indebtedness. No Borrower will, and no Borrower will permit any Subsidiary to make: (a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, if a Default or an Event of Default then exists hereunder or would result from such payment; (b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder; (c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or (d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 4 contracts
Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)
Subordinated Indebtedness. No Borrower will, and no The Borrower will permit any Subsidiary to not make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, including, without limitation, the Subordinated Debt, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 3 contracts
Samples: Financing and Security Agreement (ARGON ST, Inc.), Financing and Security Agreement (Sensys Technologies Inc), Financing and Security Agreement (Sensytech Inc)
Subordinated Indebtedness. No Borrower None of the Borrowers will, and no Borrower nor will permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 3 contracts
Samples: Financing Agreement (Argan Inc), Financing and Security Agreement (Argan Inc), Financing and Security Agreement (Argan Inc)
Subordinated Indebtedness. No The Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, including, without limitation, the Subordinated Debt, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 2 contracts
Samples: Financing Agreement (American Woodmark Corp), Financing and Security Agreement (Dcap Group Inc/)
Subordinated Indebtedness. No Borrower None of the Borrowers will, and no Borrower nor will permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; orand
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 2 contracts
Samples: Business Loan and Security Agreement (Vse Corp), Business Loan and Security Agreement (Vse Corp)
Subordinated Indebtedness. No The Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, Indebtedness if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 2 contracts
Samples: Financing and Security Agreement (Healthextras Inc), Financing and Security Agreement (Healthextras Inc)
Subordinated Indebtedness. No The Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a an unscheduled mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated IndebtednessIndebtedness in any manner adverse to the Borrower or the Lender; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or unscheduled mandatory prepayment).
Appears in 1 contract
Samples: Financing and Security Agreement (Weston Roy F Inc)
Subordinated Indebtedness. No The Borrower willwill not, and no Borrower will not permit any Subsidiary subsidiary to make:
: (a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, including, without limitation, the Subordinated Debt, if a Default or an Event of Default then exists hereunder or would result from such payment;
; (b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
; (c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
or (d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Subordinated Indebtedness. No Borrower None of the Borrowers will, and no Borrower will permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, Indebtedness if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; orand
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Samples: Financing Agreement (Polk Audio Inc)
Subordinated Indebtedness. No Borrower will, and no Borrower will permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, including, without limitation, the Subordinated Debt, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Subordinated Indebtedness. No The Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Samples: Financing and Security Agreement (Pec Solutions Inc)
Subordinated Indebtedness. No Borrower None of the Borrowers will, and no Borrower will permit any Subsidiary to make:: 141
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, including, without limitation, the Subordinated Debt, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated IndebtednessIndebtedness which is materially adverse to the Agent or any Lender; orand
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Subordinated Indebtedness. No The Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated IndebtednessLiabilities, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness Liabilities as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated IndebtednessLiabilities; or
(d) payment of principal or interest on the Subordinated Indebtedness Liabilities other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Samples: Financing and Security Agreement (Pec Solutions Inc)
Subordinated Indebtedness. No Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment)maturity.
Appears in 1 contract
Samples: Financing and Security Agreement (Liquidity Services Inc)
Subordinated Indebtedness. No Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, including, without limitation, the Subordinated Debt, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
or (d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Samples: Financing and Security Agreement (Gp Strategies Corp)
Subordinated Indebtedness. No The Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder;
(c) any material amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Subordinated Indebtedness. No The Borrower willwill not, and no Borrower will not permit any Subsidiary to make:
(a) any payment of principal of, or interest on, any of the Subordinated Indebtedness, if a Default or an Event of Default then exists hereunder or would result from such payment;
(b) any payment of the principal or interest due on the Subordinated Indebtedness as a result of acceleration thereunder or a mandatory prepayment thereunder, except for mandatory prepayments expressly allowed by the Subordination Agreement;
(c) any amendment or modification of or supplement to the documents evidencing or securing the Subordinated Indebtedness; or
(d) payment of principal or interest on the Subordinated Indebtedness other than when due (without giving effect to any acceleration of maturity or mandatory prepayment).
Appears in 1 contract
Samples: Financing and Security Agreement (Paradise Color Inc)