Subordinated Note Indentures. (i) There shall occur and be continuing any Event of Default or Repurchase Event under, and in each case, as defined in the Subordinated Note Indenture, and the Subordinated Noteholders have caused the Subordinated Indebtedness to be accelerated and such acceleration is not rescinded within 30 days, or (ii) any of the Borrower's Obligations for any reason shall cease to be "Senior Indebtedness" under and as defined in the Subordinated Note Indenture; or
Appears in 3 contracts
Samples: Credit Agreement and Waiver (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc)
Subordinated Note Indentures. (i) There shall occur and be continuing any Event of Default or Repurchase Event underunder and, and in each case, as defined in the Subordinated Note Indenture, and the Subordinated Noteholders have caused the Subordinated Indebtedness to be accelerated and such acceleration is not rescinded within 30 days, Indenture or (ii) any of the Borrower's Obligations for any reason shall cease to be "Senior Indebtedness" under and as defined in the Subordinated Note Indenture; or
Appears in 3 contracts
Samples: Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc)
