Default on Senior Indebtedness. (i) No payment may be made hereunder, directly or indirectly, if a default in payment of the principal of, premium, if any, or interest on, or other Obligations with respect to any Senior Indebtedness, occurs (each, a “Senior Payment Default”), by reason of acceleration or otherwise, until all Senior Payment Defaults have been cured or waived in accordance with the terms of the agreement, indenture or other document governing such Senior Indebtedness (as evidenced by a written waiver from the holders (or a Financial Representative thereof) of the applicable Senior Indebtedness).
Appears in 12 contracts
Samples: Indemnification and Reimbursement Agreement (Honeywell International Inc), Indemnification and Reimbursement Agreement (Resideo Technologies, Inc.), Indemnification and Reimbursement Agreement (Resideo Technologies, Inc.)
