Common use of Subordinated Indebtedness Clause in Contracts

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 16 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Equity Oil Co), Credit Agreement (Patterson Companies, Inc.)

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Subordinated Indebtedness. The Except as permitted in the applicable subordination agreement, the Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness or take any other actions in contravention or violation of any subordination agreement related to such Subordinated Indebtedness.

Appears in 9 contracts

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

Subordinated Indebtedness. The No Borrower will notwill, and will not nor with the Company permit any other Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 3 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Dental Co)

Subordinated Indebtedness. The Borrower will not, and nor will not it permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Barry R G Corp /Oh/), Credit Agreement (Barry R G Corp /Oh/)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Clark Inc), Credit Agreement (Clark Inc)

Subordinated Indebtedness. The Borrower will not, and will not permit Parent or any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Clark/Bardes Holdings Inc), Credit Agreement (Clark/Bardes Holdings Inc)

Subordinated Indebtedness. The Borrower will shall not, and will shall not permit any Subsidiary of its Subsidiaries to, make any amendment or modification to the any indenture, note or other agreement evidencing or governing any Subordinated IndebtednessIndebtedness (including, without limitation, the Subordination Agreement), or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Roundys Inc), Credit Agreement (Roundys Inc)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the any indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness, other than with proceeds of other Subordinated Indebtedness or proceeds of any issuance of stock in the Borrower or its Included Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Mego Mortgage Corp), Credit Agreement (Mego Mortgage Corp)

Subordinated Indebtedness. The Each Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (MPW Industrial Services Group Inc), Credit Agreement (MPW Industrial Services Group Inc)

Subordinated Indebtedness. The Borrower will not, and will not ------------------------- permit any Subsidiary to, (i) make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or (ii) directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (BDM International Inc /De)

Subordinated Indebtedness. The Borrower will not, and nor will not it permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease defease, or in substance defease, purchase, redeem, redeem or retire or otherwise acquire, any Subordinated Indebtedness; provided, however, that the foregoing shall not prohibit payment, redemption and the repayment or prepayment of Subordinated Indebtedness solely from the net proceeds of other Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Biltmore South Corp)

Subordinated Indebtedness. The Borrower Borrowers will not, and will not permit any Subsidiary Credit Party to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness. 6.25.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily repay, prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated IndebtednessIndebtedness other than as permitted under an accompanying subordination agreement in form and substance satisfactory to the Lender.

Appears in 1 contract

Samples: Credit Agreement (New Age Beverages Corp)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily repay, prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated IndebtednessIndebtedness other than as permitted under an accompanying subordination agreement in form and substance satisfactory to the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Palomar Holdings, Inc.)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, (unless Required Lenders agree otherwise, in their sole discretion) make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Ennis Business Forms Inc)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated IndebtednessIndebtedness (except as permitted under Section 6.21(iii)).

Appears in 1 contract

Samples: Credit Agreement (Jason Inc)

Subordinated Indebtedness. The Other than with respect to the Senior ------------------------- Subordinated Notes, the Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated IndebtednessIndebtedness of the Borrower or such Subsidiary, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Assignment Agreement (Howmet International Inc)

Subordinated Indebtedness. The Borrower Borrowers will not, and will not permit any Subsidiary Credit Party to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

Subordinated Indebtedness. The Borrower will not, and will not permit ------------------------- any Subsidiary to, make any amendment or modification to the any indenture, note or other agreement evidencing or governing any Subordinated IndebtednessIndebtedness without the written consent of the Agent, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.. SECTION 7 --------- DEFAULTS -------- The occurrence of any one or more of the following events shall constitute a Default:

Appears in 1 contract

Samples: Credit Agreement (Finish Line Inc /De/)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the any indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease decrease or in substance defeasedecrease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Heidrick & Struggles International Inc)

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Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated IndebtednessIndebtedness other than as permitted under an accompanying subordination agreement in form and substance satisfactory to Administrative Agent or Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Henry Jack & Associates Inc)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated IndebtednessIndebtedness other than as permitted under an accompanying subordination agreement in form and substance satisfactory to the Lender.

Appears in 1 contract

Samples: Credit Agreement (Xenith Bankshares, Inc.)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the any indenture, note agreement or other agreement agreement, document or instrument evidencing or governing any Subordinated Indebtedness, Indebtedness or directly or indirectly voluntarily prepay, defease defease, or in substance defease, purchase, redeem, retire retire, or otherwise acquire, any Subordinated IndebtednessIndebtedness unless, with respect to a prepayment, defeasance, purchase, redemption, retirement or acquisition, the Subordinated Indebtedness Prepayment Conditions have been satisfied.

Appears in 1 contract

Samples: Credit Agreement (Tesoro Petroleum Corp /New/)

Subordinated Indebtedness. The Borrower will not, and will not permit ------------------------- any Subsidiary to, make any amendment or modification to the any indenture, note or other agreement evidencing or governing any Subordinated IndebtednessIndebtedness without the written consent of the Agent, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Assignment Agreement (Finish Line Inc /De/)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any material amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Microchip Technology Inc)

Subordinated Indebtedness. The No Borrower will, nor will not, and will not it permit any Subsidiary of its Subsidiaries to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, or grant any security for, any Subordinated IndebtednessIndebtedness other than as expressly permitted under the applicable Subordination Agreement.

Appears in 1 contract

Samples: Credit Agreement (Hc2 Holdings, Inc.)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Gulf Island Fabrication Inc)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary of its Subsidiaries to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness. In addition, the Borrower will not repay the Subordinated Notes in full (whether due to acceleration or according to scheduled amortization) on or before the Facility termination Date.

Appears in 1 contract

Samples: Credit Agreement (Covansys Corp)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, Indebtedness or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated IndebtednessIndebtedness other than the Subordinated Notes, which the Borrower may prepay, purchase, defease or in substance defease, retire, redeem or otherwise acquire.

Appears in 1 contract

Samples: Credit Agreement (SPX Corp)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated IndebtednessIndebtedness other than as permitted under an accompanying subordination agreement in form and substance satisfactory to the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Bancorpsouth Inc)

Subordinated Indebtedness. The Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

Appears in 1 contract

Samples: Assignment Agreement (Platinum Technology Inc)

Subordinated Indebtedness. The Except as permitted in the applicable subordination agreement, neither the Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness or take any other actions in contravention or violation of any subordination agreement related to such Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Hawkins Inc)

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