Common use of Subordinated Obligations Clause in Contracts

Subordinated Obligations. Except as previously and expressly consented to in writing by Lender or permitted by the terms of the applicable subordination agreement, Borrower shall not directly or indirectly permit (a) any payment to be made in respect of any Subordinated Debt; (b) the amendment, rescission, or other modification of the provisions of any of Borrower's Subordinated Debt in such a manner as to affect adversely Lender's Liens or the prior position of such Liens; or (c) the prepayment or redemption of all or any part of any Subordinated Debt of Borrower.

Subordinated Obligations. Except as previously and expressly consented to in writing by Lender or permitted by the terms of the applicable subordination agreement, the Borrower shall not directly or indirectly permit (a) make any payment with respect to be made in respect of any Subordinated Debt; (b) the amendment, rescission, amend or other modification of the provisions of modify any of Borrower's Subordinated Debt in such a manner as to affect adversely the Lender's Liens or the prior position of such Liens; or (c) the prepayment prepay or redemption of redeem all or any part of any Subordinated Debt of BorrowerDebt.

Subordinated Obligations. Except as previously and expressly consented to in writing by Lender or permitted by the terms of the applicable subordination agreement, the Borrower shall not directly or indirectly permit (a) make any payment with respect to be made in respect of any Subordinated Debt; (b) the amendment, rescission, amend or other modification of the provisions of modify any of Borrower's Subordinated Debt in such a manner as to affect adversely Lender's Liens or the prior position of such LiensAgent and the Lenders; or (c) the prepayment prepay or redemption of redeem all or any part of any Subordinated Debt of BorrowerDebt.

Subordinated Obligations. Except as previously and expressly ------------------------ consented to in writing by Lender or permitted by the terms of the applicable subordination agreement, Borrower shall not directly or indirectly permit (a) any payment to be made in respect of any Subordinated Debt; (b) the amendment, rescission, or other modification of the provisions of any of Borrower's Subordinated Debt in such a manner as to affect adversely Lender's Liens or the prior position of such LiensDebt; or (c) the prepayment or redemption of all or any part of any Subordinated Debt of Borrower.