Common use of No Payment on Notes in Certain Circumstances Clause in Contracts

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall be made by or on behalf of the Company on account of the principal of, premium, if any, or interest on the Notes (including any repurchases of Notes), or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Indebtedness are first paid in full in cash or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on Senior Indebtedness of the Company when it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "Payment Default"), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall be made by or on behalf of the Company on account of the principal of, premium, if any, or interest on the Notes (including any repurchases of Notes), or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Indebtedness are first paid in full in cash or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on Senior Indebtedness of the Company when it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "“Payment Default"”), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall may be made by the Company, directly or on behalf of the Company through any Subsidiary, on account of the principal of, premium, if any, interest on, or interest on Liquidated Damages with respect to, the Notes, or to acquire any of the Notes (including any repurchases of NotesNotes at the option of the Holder) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such and other amounts payable in respect of Senior Indebtedness are first paid in full in cash (or such payment is duly provided for), or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Indebtedness of the Company when it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (collectively, a "Payment Default"), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall may be made by or on behalf of the Company on account of any Obligation in respect of the Notes, including the principal of, premium, if any, or interest (or Liquidated Damages, if any) on the Notes, or on account of the redemption provisions of the Notes (including any repurchases of Notes), or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities), ): (i) upon the maturity of any the Company’s Senior Indebtedness of the Company Debt by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and the interest and other amounts on such Senior Indebtedness Debt are first paid in full in cash or Cash Equivalents (or such payment is duly provided) or otherwise to the extent holders accept satisfaction of amounts due by settlement in other than cash or Cash Equivalents; or (ii) in the event of default in the payment of any principal of, premium, if any, or interest or other amounts on the Company’s Senior Indebtedness of the Company Debt when it such Senior Debt becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "“Payment Default"”), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall will be made by or on behalf of the Company on account of the principal of, premium, if anySubordinated Obligations, or interest on to acquire the Notes (including any repurchases of Notes)for cash, property or on account of the redemption provisions of the Notes, for cash or property securities (other than Junior Securities), payment by way of conversion of all or a portion of the Notes into capital stock of the Company) (ix) upon the maturity of any Designated Senior Indebtedness of the Company Debt by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Designated Senior Indebtedness are Debt shall first be paid in full in cash or cash equivalents or provision for the payment in full in cash or cash equivalents have been made with respect thereto, in each case, in a manner satisfactory to the holders of Designated Senior Debt or (iiy) in the event of default that the Company defaults in the payment of any principal of, premium, if any, of or interest on or any other amounts payable on or due in connection with any Designated Senior Indebtedness of the Company Debt when it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "Payment Default")otherwise, unless and until such Payment Default default has been cured or waived or otherwise has ceased to existin writing.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall be made by or on behalf of the Company on account of the principal of, premiumof or interest (including Contingent Interest, if any, ) on or interest on any Liquidated Damages with respect to the Notes or to acquire any of those Notes (including any repurchases purchases of Notes), or on account of the redemption provisions of the Notes, those Notes pursuant to Article IV and Article V) for cash or property (other than Junior Securitiessecurities of the Company), (i) upon the maturity or on account of any Senior Indebtedness redemption provisions of the Company by lapse of timethose Notes, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Indebtedness are first paid in full in cash or (ii) in the event of default in the payment of any principal of, premium, premium (if any, ) or interest on any Designated Senior Indebtedness of when the Company when it same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise otherwise, beyond any applicable period of grace specified in the instrument or instruments pursuant to which such Designed Senior Indebtedness was incurred (a "Payment Default"), unless and until such that Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall may be made by or on behalf of the Company on account of any Obligation in respect of the Notes, including the principal of, premium, if any, or interest (or Liquidated Damages, if any) on the Notes, or on account of the redemption provisions of the Notes (including any repurchases of Notes), or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities), ): (i) upon the maturity of the Company’s Senior Debt or any Senior Indebtedness Debt of the Company such Guarantor by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and the interest and other amounts on such Senior Indebtedness Debt are first paid in full in cash or Cash Equivalents (or such payment is duly provided for), or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on the Company’s Senior Indebtedness Debt or Senior Debt of the Company such Guarantor, as applicable, when it such Senior Debt becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "“Payment Default"”), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall be made by or on behalf of the Company on account of the principal of, premium, if any, or interest on the Notes (including any repurchases of Notes), or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Indebtedness are first paid in full in cash or (ii) in the event of default in the payment of any principal of, 100 108 premium, if any, or interest on Senior Indebtedness of the Company when it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "Payment Default"), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall be made by or on behalf of the Company on account of the principal of, premium, if any, of or interest on the Notes (including other than (x) interest payable in additional Notes, as provided in the Notes, and (y) interest or principal paid with Capital Stock of the Company or any repurchases debt security of Notes), the Company containing subordination and default provisions no less favorable to the holders of Senior Indebtedness than the provisions hereof) or to acquire or repurchase any of the Notes or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities), Notes (i) upon the maturity of any Senior Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, thereof and interest on such Senior Indebtedness are thereon shall first be paid in full in cash or Cash Equivalents, or such payment duly provided for or (ii) in upon the event happening of any default in the payment of any principal of, premium, if any, of or interest on any Senior Indebtedness of when the Company when it same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise payable (a "Payment Default"), unless and until such Payment Default has default shall have been cured or waived or otherwise has shall have ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No -------------------------------------------- payment (by set-off or otherwise) shall be made by or on behalf of the Company on account of the principal of, premiumor interest (except, if anyotherwise permissible under the terms of any Note, in the form of Additional Notes) on any Note or interest on the Notes (including to acquire any repurchases of Notes)Note for cash or property, or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities)this Note, (iA) upon the maturity of any Senior Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, of and interest on (including any post-petition interest) such Senior Indebtedness are and all other obligations in respect thereof shall first be paid in full in cash or such payment is duly provided for or (iiB) in the upon an event of default in the payment of any principal of, premium, if any, or interest on any Senior Indebtedness of when the Company when it becomes same become due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "Payment Default"), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) shall be made by or on behalf of the Company on account of the principal of, premiumof or interest (including Contingent Interest, if any) on or with respect to the Notes, an account of any Principal Return applicable to any of the Notes upon conversion or interest on to acquire any of the Notes (including any repurchases purchases of Notesthe Notes pursuant to Article IV and Article V) for Cash or property (other than Junior securities of the Company), or on account of the any redemption provisions of the Notes, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Indebtedness are first paid in full in cash or (ii) in the event of default in the payment of any principal of, premium, premium (if any, ) or interest on any Designated Senior Indebtedness of when the Company when it same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise otherwise, beyond any applicable period of grace specified in the instrument or instruments pursuant to which such Designated Senior Indebtedness was incurred (a "Payment Default"), unless and until such that Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Notes in Certain Circumstances. (a) No payment (by set-off or otherwise) -------------------------------------------- shall be made by or on behalf of the Company on account of the principal of, premiumor interest (except, if anyotherwise permissible under the terms of any Note, in the form of Additional Notes) on any Note or interest on the Notes (including to acquire any repurchases of Notes)Note for cash or property, or on account of the redemption provisions of the Notes, for cash or property (other than Junior Securities)this Note, (iA) upon the maturity of any Senior Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, of and interest on (including any post-petition interest) such Senior Indebtedness are and all other obligations in respect thereof shall first be paid in full in cash or such payment is duly provided for or (iiB) in the upon an event of default in the payment of any principal of, premium, if any, or interest on any Senior Indebtedness of when the Company when it becomes same become due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise (a "Payment Default"), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist.