Deferral of Subordinated Debt. Pay any Subordinated Debt of Borrower in advance of its stated maturity or, after a Default or Event of Default under this Agreement has occurred, make any payment of any kind on any Subordinated Debt of Borrower until all of the Obligations have been paid and performed in full and any applicable preference period has expired.
Deferral of Subordinated Debt. Pay in advance of the stated ----------------------------- maturity thereof any Subordinated Debt of the Company or, if an Event of Default hereunder shall have occurred, make any payment of any kind thereafter on such Subordinated Debt until all obligations of the Company hereunder and under the Note have been paid and performed in full.
Deferral of Subordinated Debt. Borrower shall not, either directly or indirectly, without the prior written consent of Lender, pay in advance of the stated maturity thereof any Subordinated Debt of Borrower or, if an Event of Default hereunder shall have occurred, make any payment of any kind thereafter on such Subordinated Debt until all obligations of Borrower hereunder and under the Note have been paid and performed in full.
Deferral of Subordinated Debt. Neither the Company nor the Parent will pay in advance of its stated maturity any Subordinated Debt of the Company or prepay any scheduled installment thereon (for any term loans), prepay before its due date any contractually required mandatory principal prepayment (for any revolving credit facility evidenced by a written loan agreement) or, if a Default or an Event of Default under this Agreement shall have occurred, thereafter make any payment of any kind or through any direct or indirect means or method on such Subordinated Debt unless and until either (a) every Default (if any) which has occurred has been cured by the Company or waived in writing by the Agent before becoming an Event of Default and the Agent shall have declared in a writing signed by a Senior Vice President or more senior officer of the Agent that all Events of Default (if any) which have occurred have been duly cured or waived or (b) all of the Obligations have been paid and performed in full.
Deferral of Subordinated Debt. Pay in advance of its stated maturity any Subordinated Debt of the Company, prepay any scheduled installment thereon (for any term loans) or, if a Default or an Event of Default under this Agreement shall have occurred, thereafter make any payment of any kind or through any direct or indirect means or method on such Subordinated Debt unless and until either (a) every Default (if any) which has occurred has been cured by the Company or waived in writing by the Agent before becoming an Event of Default and the Agent shall have declared in a writing signed by a Senior Vice President or more senior officer of the Agent that all Events of Default (if any) which have occurred have been duly cured or waived or (b) all of the Obligations have been paid and performed in full.
Deferral of Subordinated Debt. Pay or modify any Subordinated Debt ----------------------------- otherwise than in compliance with the applicable Subordination of Debt Agreement in substantially the form of Exhibit F hereto. ---------
Deferral of Subordinated Debt. During such time as an Advance is outstanding hereunder, pay in advance of the stated maturity thereof any Subordinated Debt of the Company or, if a Default or Event of Default hereunder shall have occurred, make any payment of any kind thereafter on such Subordinated Debt until all Obligations have been paid and performed in full and any applicable preference period has expired.
Deferral of Subordinated Debt. (a) Pay any Subordinated Debt of Borrower in advance of its stated maturity, except for prepayments in an aggregate amount not to exceed $75,000; (b) after a Default or Event of Default under this Agreement has occurred, make any payment of any kind on any Subordinated Debt of Borrower until all of the Obligations have been paid and performed in full and any applicable preference period has expired.
Deferral of Subordinated Debt. Except as permitted in the Subordination of Debt Agreement related thereto, pay any Subordinated Debt of Borrower in advance of its stated maturity or, after a Default or Event of Default under this Agreement has occurred, make any payment of any kind on any Subordinated Dated: 7/1/2003 Amended: 7/24/2003 Debt of Borrower until all of the Obligations have been paid and performed in full and any applicable preference period has expired.
Deferral of Subordinated Debt. Except for the repayment of ----------------------------- Subordinated Debt owed to COMIT in an amount not to exceed $4,000,000 (principal, accrued interest and other amounts) on or before the date the Rights Offering closes, pay in advance of the stated maturity thereof any Subordinated Debt of the Borrowers or, if a Default or Event of Default hereunder shall have occurred, make any payment of any kind thereafter on such Subordinated Debt, until all Obligations have been paid and performed in full and any applicable preference period has expired.
