Subordinated Debt Cap

Subordinated Debt Cap. Subordinated Debt shall not exceed an aggregate principal amount of Nine Million Dollars ($9,000,000), minus all payments of principal in respect of Subordinated Debt; provided that the Subordinated Debt Cap shall not limit the amount of interest, fees, expenses, indemnification claims and payments, and other like amounts payable to Creditor pursuant to the Subordinated Loan Documents, and the aggregate outstanding amount of obligations under clause (p)(iii) and (p)(iv) above shall not at any... time exceed Four Million Dollars ($4,000,000) and at all times shall be unsecured. View More