Payments and Modifications of Subordinated Debt. No Borrower will, directly or indirectly, declare, pay, make or set aside any amount for payment in respect of Subordinated Debt unless permitted pursuant to the applicable Subordination Agreement.
Appears in 3 contracts
Samples: Credit and Security Agreement (AlerisLife Inc.), Credit and Security Agreement (Emeritus Corp\wa\), Credit and Security Agreement (Sagent Holding Co.)
Payments and Modifications of Subordinated Debt. No Borrower will, directly or indirectly, indirectly declare, pay, make or set aside any amount for payment in respect of any Subordinated Debt unless except as may be permitted pursuant to by the applicable Subordination Agreement.
Appears in 3 contracts
Samples: Credit and Security Agreement (American Retirement Corp), Credit and Security Agreement (American Retirement Corp), Credit and Security Agreement (American Retirement Corp)
Payments and Modifications of Subordinated Debt. No Borrower will, or will permit any Subsidiary to, directly or indirectly, declare, pay, make or set aside any amount for payment in respect of Subordinated Debt unless permitted pursuant to the applicable Subordination Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (BioTrove, Inc.), Credit and Security Agreement (Advancis Pharmaceutical Corp)
Payments and Modifications of Subordinated Debt. No Borrower will, or will permit any Subsidiary to, directly or indirectly, indirectly declare, pay, make or set aside any amount for payment in respect of Subordinated Debt unless except as if and to the extent permitted pursuant to under the applicable Subordination Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Cyberonics Inc), Credit Agreement (Valera Pharmaceuticals Inc)
