Common use of No prejudicial action Clause in Contracts

No prejudicial action. Neither the Subordinated Lender nor the Borrower shall take or omit to take any action whereby the subordination of the Subordinated Indebtedness or any part thereof to the Secured Amount may be terminated or materially prejudiced. Provided Always That, the Bank may instruct the Subordinated Lender to take any of the steps referred to in Clauses 2.1(i) and (j) and any moneys or other benefit thereby obtained by the Subordinated Lender will thereafter be held by it on trust for the Bank and paid over to the Bank forthwith.