Common use of Default on Designated Senior Indebtedness Clause in Contracts

Default on Designated Senior Indebtedness. (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 Permitted Junior Securities) until all principal and other Obligations with respect to the Senior Indebtedness have been paid in full if:

Appears in 3 contracts

Samples: Emcore Corp, Indenture (Emcore Corp), Cubist Pharmaceuticals Inc

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Default on Designated Senior Indebtedness. (a) The Company may not make any payment or distribution to the Trustee or any Holder upon or in respect of the Subordinated Note Obligations with respect to the Notes and may not acquire (except in Permitted Junior Securities or from the Trustee or any Holder any Notes for cash or property (other than Permitted Junior Securitiestrust described in Section 8.04 hereof) until all principal and other Obligations obligations with respect to the Senior Indebtedness have been paid in full in cash or cash equivalents, if:

Appears in 2 contracts

Samples: Condor Systems Inc, Formica Corp

Default on Designated Senior Indebtedness. (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 (x) Permitted Junior SecuritiesSecurities and (y) payments and other distributions made from any defeasance trust created pursuant to Section 8.02 hereof) until all principal and other Obligations with respect to the Senior Indebtedness have been paid in full if:

Appears in 2 contracts

Samples: Indenture (Gfsi Inc), Indenture (Gfsi Inc)

Default on Designated Senior Indebtedness. (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 Permitted Junior Securities) until all principal and other Obligations with respect to the Senior Indebtedness have been paid in full if:

Appears in 1 contract

Samples: Cubist Pharmaceuticals Inc

Default on Designated Senior Indebtedness. (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 (i) Permitted Junior SecuritiesSecurities and (ii) 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 Indebtedness have been paid in full if:

Appears in 1 contract

Samples: Flo Fill Co Inc

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Default on Designated Senior Indebtedness. (a) The Company may not make any payment or distribution to the Trustee or any Holder upon or in respect of the Subordinated Note Obligations (except in Permitted Junior Securities or from the trust described in Section 8.04 hereof) until Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than Permitted Junior Securities) until all principal and other Obligations with respect to the Senior Indebtedness have been paid in full in cash or Cash Equivalents, if:

Appears in 1 contract

Samples: Merrill Corp

Default on Designated Senior Indebtedness. (a) The Company may not make any payment or distribution to the Trustee Trustee, any Paying Agent 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 holder of Notes any Notes for cash or property (other than Permitted Junior Securities) until all principal and other Obligations with respect to the Designated Senior Indebtedness have has been paid in full in cash or U.S. Government Obligations or other payment satisfactory to the holders of the Designated Senior Indebtedness if:

Appears in 1 contract

Samples: Indenture (Midcom Communications Inc)

Default on Designated Senior Indebtedness. (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 Permitted Junior Securities) until all principal and other Obligations with respect to the Senior Indebtedness have been paid in full if:the

Appears in 1 contract

Samples: Cke Restaurants Inc

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