Permitted Junior Debt Payments

Permitted Junior Debt Payments. Shall mean payments of principal and interest on the Junior Debt on a non-accelerated basis (whether such payments are regularly scheduled payments or optional prepayments) in accordance with the terms of the Junior Debt Documents as in effect on the date hereof or as modified in accordance with the terms of this Agreement.

Permitted Junior Debt Payments. Shall mean, without duplication, (i) regularly scheduled payments of interest on the Junior Debt payable in cash at a rate not to exceed eight percent (8.00%) per annum, (ii) payment of reasonable and documented out-of-pocket costs and expenses incurred in connection with any actions taken not in contravention of the terms and conditions of this Agreement, to the extent due and owing to any Seller in accordance with the terms of the Junior Debt Documents, but in any event, not to exceed $25,000... in the aggregate, and (iii) "catch up payments" to the extent permitted by Section 2.3(b). View More