Common use of Default on Designated Senior Indebtedness Clause in Contracts

Default on Designated Senior Indebtedness. 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 all principal and other obligations with respect to Senior Indebtedness have been paid in full in cash or cash equivalents, if:

Default on Designated Senior Indebtedness. The Company may not make any payment of any kind or distribution to the Trustee or any Holder character upon or in respect of the Subordinated Note Obligations Notes (except other than in Permitted Junior Securities or from (1) securities that are subordinated to the trust described in Section 8.04 hereof) until all principal and other obligations with respect same extent as the Notes to Senior Indebtedness have been paid and any securities issued in full exchange for Senior Indebtedness and (2) payments made from the trusts described in cash or cash equivalents, Sections 8.4 and 8.5 hereof) if:

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

Default on Designated Senior Indebtedness. The Company may not make any payment or distribution to the Trustee or any Holder upon or in respect of Obligations with respect to the Subordinated Note Obligations (except in Permitted Junior Securities or Notes and may not acquire from the Trustee or any Holder any Notes for cash or property (other than (i) securities that are subordinated to at least the same extent as the Notes to (a) Senior Indebtedness and (b) any securities issued in exchange for Senior Indebtedness and (ii) payments and other distributions made from any defeasance trust described in created pursuant to Section 8.04 8.1 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:

Default on Designated Senior Indebtedness. The Company may not make any payment or distribution to the Trustee of any kind or any Holder character (whether by redemption, purchase, retirement, defeasance or otherwise) upon or in respect of the Subordinated Note Obligations Notes (except in Permitted Junior Securities other than payments and other distributions made from any defeasance trust created pursuant to Section 8.1 hereof if the applicable deposit does not violate Article 8 or from the trust described in Section 8.04 hereof10 of this Indenture) until all principal and other obligations Obligations with respect to the Senior Indebtedness of the Company have been paid in full in cash or cash equivalents, if:

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 and may not acquire from the Trustee or any Holder any Notes for cash or property (except in other than Permitted Junior Securities or and payments made from the any defeasance trust described in created pursuant to Section 8.04 8.01 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:

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 and may not acquire from the Trustee or any Holder any Notes for cash or property (except in other than Permitted Junior Securities or and payments made from the any defeasance trust described in created pursuant to Section 8.04 8.01 hereof) until all principal and other obligations Obligations with respect to the Senior Indebtedness have been paid in full in cash or cash equivalents, and Cash Equivalents if: