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

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those Securities (including any repurchases of those Securities pursuant to the provisions thereof at the option of the Holder of those Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated No payment (by Section 2.01, no payment set-off or otherwise) shall be made by or on behalf of the Company on account of the principal of, premium (premium, if any) , or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those Securities (including any repurchases of those Securities pursuant to the provisions thereof at the option Securities), or on account of the Holder redemption provisions of those the Securities or any Obligation in respect of the Securities) , for cash or property (other than Junior securities Securities), (i) upon the maturity of any Senior Debt of the Company)Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Debt are first paid in full in cash or Cash Equivalents (or such payment is duly provided for) or otherwise to the extent holders accept satisfaction of amounts due by settlement in other than cash or Cash Equivalents, or on account of any redemption provisions of those Securities, (ii) in the event of default in the payment of any principal of, premium (premium, if any) , or interest on any Senior Indebtedness Debt of the Company when the same it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified provided with respect to the Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any Securities of those Securities such series (including any repurchases of those Securities of such series pursuant to the provisions thereof at the option of the Holder of those Securitiesthereof) for cash or property (other than Junior securities of the Company)property, or on account of any redemption provisions of those SecuritiesSecurities of such series, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness Debt of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration acceleration of acceleration maturity or otherwise (a "“Payment Default"”), unless and until that such Payment Default has been cured or waived or otherwise has ceased to existexist or such Senior Debt shall have been discharged or paid in full.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified provided with respect to the Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company or the Subsidiary Guarantors, as the case may be, on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series and any related Guarantees or to acquire any Securities of those Securities such series (including any repurchases of those Securities of such series pursuant to the provisions thereof at the option of the Holder of those Securitiesthereof) for cash or property (other than Junior securities of the Companysecurities), or on account of any redemption provisions of those SecuritiesSecurities of such series, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness of the Company Debt when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration acceleration of acceleration maturity or otherwise (a "“Payment Default"”), unless and until that such Payment Default has been cured or waived or otherwise has ceased to existexist or such Senior Debt has been discharged or paid in full.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those such Securities (including any repurchases of those such Securities pursuant to the provisions thereof at the option of the Holder of those such Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those such Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified provided with respect to the Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any Securities of those Securities such series (including any repurchases of those Securities of such series pursuant to the provisions thereof at the option of the Holder of those Securitiesthereof) for cash or property (other than Junior securities of the Companysecurities), or on account of any redemption provisions of those SecuritiesSecurities of such series, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness Debt of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration acceleration of acceleration maturity or otherwise (a "“Payment Default"”), unless and until that such Payment Default has been cured or waived or otherwise has ceased to existexist or such Senior Debt has been discharged or paid in full.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by in Section 2.01301, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those such Securities (including any repurchases of those such Securities pursuant to the provisions hereof or thereof at the option of the Holder of those such Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those such Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified provided with respect to the Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any Securities of those Securities such series (including any repurchases of those Securities of such series pursuant to the provisions thereof at the option of the Holder of those Securitiesthereof) for cash or property (other than Junior securities of the Company)property, or on account of any redemption provisions of those SecuritiesSecurities of such series, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness Debt of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration acceleration of acceleration maturity or otherwise (a "Payment Default"), unless and until that such Payment Default has been cured or waived or otherwise has ceased to existexist or such Senior Debt shall have been discharged or paid in full.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any Securities of those Securities such series (including any repurchases of those Securities pursuant to the provisions thereof at the option of the Holder of those Securitiesthereof) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those SecuritiesSecurities of such series, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness Debt of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration acceleration of acceleration maturity or otherwise (a "Payment Default"), unless and until that Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those Securities (including any repurchases of those Securities pursuant to the provisions thereof at the option of the Holder of those Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness Debt of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no No payment shall be made by or on behalf of the Company or any Guarantor on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those such Securities (including any repurchases of those such Securities pursuant to the provisions hereof or thereof at the option of the Holder of those such Securities) for cash or property (other than Junior securities of the CompanyCompany or the Guarantor, as applicable), or on account of any redemption provisions of those such Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness of the Company or the Guarantor, as applicable, when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no No payment shall may be made by or on behalf of the Company on account of the principal of, premium (premium, if any) or , interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those Securities (including any repurchases of those Securities pursuant to the provisions thereof at the option of the Holder of those Securities) , for cash or property (other than Junior securities of the Company)property, or on account of any the redemption provisions of those the 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 and all other 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 (premium, if any) , or interest on any Senior Indebtedness of the Company when the same it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that such Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified provided with respect to the Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any Securities of those Securities such series (including any repurchases of those Securities of such series pursuant to the provisions thereof at the option of the Holder of those Securitiesthereof) for cash or property (other than Junior securities of the Companysecurities), or on account of any redemption provisions of those SecuritiesSecurities of such series, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness Debt of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration acceleration of acceleration maturity or otherwise (a "Payment Default"), unless and until that such Payment Default has been cured or waived or otherwise has ceased to existexist or such Senior Debt has been discharged or paid in full.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.012.1, no payment shall be made by or on behalf of the Company or any Guarantors, as the case may be, on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or any related Guarantees or to acquire any of those Securities (including any repurchases of those Securities pursuant to the provisions thereof at the option of the Holder of those Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness Debt of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "“Payment Default"”), unless and until that Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on on, or any Additional Amounts with respect to the Securities of any series or to acquire any of those Securities (including any repurchases of those Securities pursuant to the provisions thereof at the option of the Holder of those Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "“Payment Default"”), unless and until that Payment Default has been cured or waived or otherwise has ceased to existexist or such Senior Indebtedness shall have been discharged or paid in full.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those Securities (including any repurchases of those Securities pursuant to the provisions thereof at the option of the Holder of those Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "“Payment Default"”), unless and until that Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those Securities (including any repurchases of those Securities pursuant to the provisions thereof at the option of the Holder of those Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Designated Senior Indebtedness of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that Payment Default has been cured or waived or otherwise has ceased to exist.

No Payment on Securities in Certain Circumstances. (a) Unless otherwise specified with respect to Securities of a series as contemplated by Section 2.01, no payment shall be made by or on behalf of the Company on account of the principal of, premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series or to acquire any of those such Securities (including any repurchases of those such Securities pursuant to the provisions thereof at the option of the Holder of those such Securities) for cash or property (other than Junior securities of the Company), or on account of any redemption provisions of those such Securities, in the event of default in payment of any principal of, premium (if any) or interest on any Senior Indebtedness of the Company when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration of acceleration or otherwise (a "Payment Default"), unless and until that such Payment Default has been cured or waived or otherwise has ceased to exist.