Common use of Subordinated Notes Clause in Contracts

Subordinated Notes. Make any payment of principal or interest on the Subordinated Notes, unless: (i) there is not in existence, at the time of the principal or interest payment to be made, an “Event of Default” as defined in Section 7.1 of this Agreement; and (ii) the principal or interest payment to be made would not cause or result in the occurrence of an Event of Default as defined in Section 7.1 of this Agreement.

Subordinated Notes. Make any payment of principal or interest on the Subordinated Notes, unless: (i) there is not in existence, at the time of the principal or interest payment to be made, an “"Event of Default” " as defined in Section 7.1 of this Agreement; and (ii) the principal or interest payment to be made would not cause or result in the occurrence of an Event of Default as defined in Section 7.1 of this Agreement.