Examples of Subordinated Debt Payment in a sentence
Upon the occurrence and during the continuance of any Event of Default with respect to any Senior Debt and the Subordinated Creditor for Subordinated Debt shall have received written notice from the Agent, each Subordinated Creditor shall not make, and each other Subordinated Creditor shall not accept or receive, any Subordinated Debt Payment.
The Senior Agent acknowledges that payments made to satisfy the condition precedent in Section 3d of the Second Lien Amendment are permitted under the Subordination Agreement and constitute a Permitted Subordinated Debt Payment.
Upon the occurrence of any Event of Default, and until such Event of Default is cured or waived, no Obligor shall make, and no Obligor shall accept or receive, any Subordinated Debt Payment.