Terms of Subordinated Debt. The Company shall not enter into any agreement (oral or written) which could in any way be construed as amending, modifying, altering, changing or terminating any one or more provisions relating to the Subordinated Debt to the extent that such amendment, modification, alteration, change or termination would subordinate the payment of interest on or principal of the Loans to the payment of principal and interest relating to the Subordinated Debt.
Appears in 3 contracts
Samples: Loan Agreement (Ugly Duckling Corp), Loan Agreement (Ugly Duckling Corp), Loan Agreement (Cygnet Financial Corp)
Terms of Subordinated Debt. The Company shall not enter into any agreement (oral or written) which could in any way be construed as amending, modifying, altering, changing or terminating any one or more provisions relating to the Subordinated Debt to the extent that such amendment, modification, alteration, change or termination would subordinate the payment of interest on or principal of the Loans Loan to the payment of principal and interest relating to the Subordinated Debt.
Appears in 3 contracts
Samples: Loan Agreement (Ugly Duckling Corp), Loan Agreement (Garcia Ernest C Ii), Loan Agreement (Garcia Ernest C Ii)
