Common use of Limitation on Optional Payments and Modifications of Subordinated Debt Instruments Clause in Contracts

Limitation on Optional Payments and Modifications of Subordinated Debt Instruments. (a) Make any optional payment or prepayment on or redemption or purchase of any Subordinated Indebtedness, other than with the proceeds of Permitted Refinancing Indebtedness; (b) except as provided in clause (c) of this Section 8.9, amend, modify or change or consent or agree to any material amendment, modification or change to any of the terms of, rescind, terminate or waive any of terms of any such Subordinated Indebtedness (other than any such amendment, modification or change, which would extend the maturity or reduce the amount of any payment of principal thereof or which would reduce the rate or extend the date for payment of interest thereon or that would relax or waive any covenant therein) that could reasonably be expected to be adverse to the interests of the Lenders without the consent of the Required Lenders, such consent not to be unreasonably withheld or delayed; or (c) amend the subordination or related provisions of any Subordinated Indebtedness, without the consent of the Required Lenders.