Persons entitled
- Bayerische Hypo-Und Vereinsbank Aktiengesellschaft
Amount secured
All sums due or to become due
Short particulars
So long as the senior liabilities are outstanding the company will not without the prior written consent of the agent (a) secure all or any part of the subordinated liabilities (b)redeem, purchase or otherwise acquire any of the subordinated liabilities (c)repay or prepay any or pay any interest fees or commissions on or by reference to any of the subordinated liabilities other than a permitted payment (d)take or omit to take any action whereby the subordination of the subordinated liabilities or any part thereof to the senior liabilities might be terminated impaired or adversely affected.