Payment Restrictions. The Company hereby agrees that it may not make, and the Holder hereby agrees that it will not accept, any payment or distribution with respect to the Debenture (other than the Interest Share Amount) until the Opus Loan is indefeasibly paid in full in cash.
Appears in 3 contracts
Sources: Convertible Security Agreement (North American Technologies Group Inc /Mi/), Convertible Security Agreement (North American Technologies Group Inc /Mi/), Convertible Security Agreement (North American Technologies Group Inc /Tx/)