Permitted Subordinated Obligations Payments

Permitted Subordinated Obligations Payments. Means (a) (1) payment of the Murabaha Price provided that all of such amount is immediately used to enter into another Metals Transaction pursuant to the Tensar Holdings Commodities Purchase Agreement (it being understood that no such Murabaha Price payable under the Tensar Holdings Commodities Purchase Facility Documents (except as expressly indicated herein) may be paid in cash during the term of this Agreement), and (2) payment in cash of reasonable out-of-pocket costs and expenses payable... pursuant to the Tensar Holdings Commodities Purchase Agreement, in accordance with the terms of the Tensar Holdings Commodities Purchase Agreement, as in effect on the date hereof or as modified in accordance with the terms of this Agreement, and (b) payment by Tensar Holdings on or after (but not before) October 31, 2011 in cash of the aggregate amount of all Agreed Profit payable with respect to the Subordinated Obligations earned from October 31, 2005 through October 30, 2010 and (c) payment by Tensar Holdings after October 30, 2011 in cash of all Agreed Profit on the regularly scheduled Transaction Payment Date due and payable on a non-accelerated basis in accordance with the terms of the Tensar Holdings Commodities Purchase Agreement, as in effect on the date hereof or as modified in accordance with the terms of this Agreement and (e) Reorganization Subordinated Securities. 3 View More