Common use of Subordinated Liabilities Clause in Contracts

Subordinated Liabilities. Borrower shall not make any payment in respect of any Subordinated Liabilities, or permit any of its Subsidiaries to make any such payment except in compliance with the terms of such Subordinated Liabilities, or amend any provision contained in any documentation relating to the Subordinated Liabilities without each Bank’s prior written consent.

Appears in 5 contracts

Sources: Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Portfolio Recovery Associates Inc)