Common use of Default on Designated Senior Debt Clause in Contracts

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 either of the trusts described in Article 8 or Article 12 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash or Cash Equivalents if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (Aa) Permitted Junior Securities and (Bb) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make make, directly or indirectly through any Subsidiary or other Person, any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 or Section 12.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 either of the trusts described in Article 8 or Article 12 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereofSecurities) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder holder of Notes in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any holder of Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 8.02 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment upon or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (Ai) Permitted Junior Securities and (Bii) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 Article VIII hereof) until all principal and other Obligations with respect to ; provided that at the time of its creation such trust does not violate the Senior Debt have been paid in full Credit Facility) if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof or any trust created pursuant to Section 12.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire Subordinated Note Obligations, including any acquisition from the Trustee or any Holder of any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (Ai) Permitted Junior Securities and (Bii) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have has been paid in full in cash if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (Aa) Permitted Junior Securities and (Bb) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 Article Eight hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to Indebtedness or other Obligation evidenced by the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 Article 8 hereof or any trust fund pursuant to Article 12 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash or Cash Equivalents if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust either of the trusts created pursuant to Section Sections 8.01 and 12.01 hereof) until all principal and other Obligations with respect to the Senior Debt Indebtedness have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance the trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment on or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than except (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 8.04(a) hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company Issuer may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes Securities and may not acquire from the Trustee or any Holder any Notes Securities for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 4.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 or 12.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment upon or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (Ai) Permitted Junior Securities and Securities, (Bii) payments and other distributions made from any defeasance trust created pursuant to Article VIII hereof; provided that at the time of its creation such trust does not violate the Senior Credit Facility and (iii) payments from the Collateral Account or otherwise from funds released to the Company or the Trustee from escrow under the Escrow Agreement for payment of the Special Redemption Price as described in Section 8.01 3.10 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to principal, interest, premium or Additional Interest, if any, or other amounts on the Notes or make any deposit pursuant to Section 8.01 and may not acquire from the Trustee or any Holder any Notes for cash or property Section 12.01 (other than (A) except in Permitted Junior Securities and (B) payments and other distributions made or from any defeasance trust created pursuant to Section 8.01 and Section 12.01 hereof) until all principal and other Obligations with respect to may not otherwise purchase, redeem or otherwise retire any Notes (collectively, “Pay the Senior Debt have been paid in full Notes”) if:

Default on Designated Senior Debt. (a) The Neither the Company nor any Guarantor may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 the trusts described in Article 8 or Article 12 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (Ai) Permitted Junior Securities and (Bii) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash or Cash Equivalents, if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes Notes, may not make any deposits with the Trustee pursuant to Section 8.01 hereof and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company Issuers may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from (except in the Trustee or any Holder any Notes for cash or property (other than (A) form of Permitted Junior Securities and (B) payments and other distributions made or from any defeasance trust trust, if any, created pursuant to Section 8.01 8.04 or 12.01 hereof) until all principal and other Obligations may not make any deposits with respect the Trustee pursuant to the Senior Debt have been paid in full Articles 8 or 12 hereof if:

Default on Designated Senior Debt. (a) The Company Issuers may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof9.01) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire any Notes from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 8.02 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash or other payment satisfactory to the holders of the Senior Debt if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee (subject to the last sentence of Section 10.11 hereof) or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not not, directly or indirectly, make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The After the effective time of the Merger, the Company may not make any payment or distribution to the Trustee or any Holder in respect of any Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes Debentures and may not acquire from the Trustee or any Holder any Notes Debentures for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereofSecurities) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (Ai) Permitted Junior Securities and (Bii) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:):

Default on Designated Senior Debt. (a) The Company may shall not make any payment or distribution to the Trustee or any Holder of Exchange Debentures upon or in respect of Obligations with respect to the Notes Exchange Debentures and may not acquire from the Trustee or any Holder of Exchange Debentures any Notes Exchange Debentures for cash or property (other than securities that are subordinated, at least to the same extent as the Exchange Debentures, to (A) Permitted Junior Securities Senior Debt and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereofsecurities issued in exchange for Senior Debt) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes Debentures and may not acquire from the Trustee or any Holder any Notes Debentures for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Neither the Company nor any Guarantor may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution Securities Payment (other than payments in Permitted Junior Securities) to the Trustee or any Holder upon or in respect of Obligations with respect to the Senior Subordinated Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full or provision has been made for the payment in full in cash or Cash Equivalents or otherwise in a manner satisfactory to the holders of such Senior Debt if:

Default on Designated Senior Debt. (a) The Company and the Guarantors may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes or the Subsidiary Guarantees and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution of any kind or character to the Trustee or any Holder in respect of Obligations with respect on or relating to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property assets or otherwise (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company Issuers may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) where the consideration is Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof9.01) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereofSecurities) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash (or in other forms of consideration, if permitted by the applicable Senior Debt Representative) if:

Default on Designated Senior Debt. (a) The Neither the Company nor any Guarantor may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust trusts created pursuant to Section 8.01 Article 8 or 12 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a1) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes Securities and may not acquire from the Trustee or any Holder any Notes Securities for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereofSecurities) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes Securities and may not acquire from the Trustee or any Holder any Notes Securities for cash or property (other than (A) capital stock of the Company and Permitted Junior Securities and (Bb) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 13.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company Trust and the Guarantors may not not, directly or indirectly, make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereofSecurities) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 8.7 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust of the trusts created pursuant to Section 8.01 and Section 12.02 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company or any of the Guarantors may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full if:

Default on Designated Senior Debt. (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 8.01 the trusts described in Article 8 or Article 12 hereof) until all principal and other Obligations with respect to the Senior Debt have been paid in full in cash or Cash Equivalents if: