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

No Payment on Securities 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 Securities (including any repurchases of Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt 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 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 (ii) in the event of default in the payment of any principal of, premium, if any, or interest on Senior Debt 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 Securities 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 the principal of, premium, if any, interest on, or interest on Liquidated Damages with respect to, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder pursuant to a Repurchase Offer) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt 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 Debt Indebtedness 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 (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt 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 Securities 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 the principal of, premium, if any, or interest on on, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt 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 Debt Indebtedness 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 (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt Indebtedness of the Company when it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration acceleration 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 Securities 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 the principal of, premium, if any, interest on, or interest on Liquidated Damages or any other obligations under or with respect to, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of (collectively, the Securities, for cash or property (other than Junior Securities"Subordinated Obligations"), (i) upon the maturity of any Senior Debt of the Company Indebtedness by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such on, and fees, charges, expenses, indemnifications and all other amounts payable in respect of Designated Senior Debt Indebtedness 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 Equivalentsfull, or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on in respect of Designated Senior Debt of the Company Indebtedness 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 Securities 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 the principal of, premium, if any, interest on, or interest on Liquidated Damages with respect to, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt 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 Debt Indebtedness 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 (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt 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 Securities 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 the principal of, premium, if any, or interest on on, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder pursuant to a Repurchase Offer) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt of the Company Indebtedness by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Debt Indebtedness are first paid in full in cash or Cash Equivalents (or such the prompt payment thereof is duly provided for) or otherwise to the extent holders accept satisfaction of amounts due by settlement for in other than cash or Cash Equivalentscash), or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt of the Company Indebtedness 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 Securities 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 the principal of, premium, if any, or interest on on, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt 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 Debt Indebtedness 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 (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt of the Company Indebtedness 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 Securities 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 the principal of, premium, if any, interest on, or interest on Liquidated Damages with respect to, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder pursuant to a Repurchase Offer) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt of the Company Indebtedness by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Debt Indebtedness are first paid in full in cash or Cash Equivalents (or such the prompt payment thereof is duly provided for) or otherwise to the extent holders accept satisfaction of amounts due by settlement for in other than cash or Cash Equivalentscash), or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt of the Company Indebtedness 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 Securities 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 the principal of, premium, if any, interest on, or interest on Liquidated Damages with respect to, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder pursuant to a Repurchase Offer) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt of the Company Indebtedness by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest on such Senior Debt Indebtedness are first paid in full in cash or Cash Equivalents (or such the prompt payment thereof is duly provided for) or otherwise to the extent holders accept satisfaction of amounts due by settlement for in other than cash or Cash Equivalentscash), or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt of the Company Indebtedness when it becomes due and payablepayable (meaning in the case of Senior Indebtedness for which there is a grace period, in the event of such a default that continues beyond the period of grace, is any, specified in the instrument or lease evidencing such Senior Indebtedness), 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 Securities 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 the principal of, premium, if any, interest on, or interest on Liquidated Damages with respect to, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt 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 Debt Indebtedness 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 (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt 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 Securities 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 the principal of, premium, if any, interest on, or interest on Liquidated Damages, if any, with respect to, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder pursuant to a Repurchase Offer) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt 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 Debt Indebtedness 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 (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt 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 Securities 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 the principal of, premium, if any, interest on, or interest on Liquidated Damages with respect to, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder pursuant to a Repurchase Offer) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt of the Company Indebtedness by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, premium, if any, and interest and other amounts payable on such Senior Debt Indebtedness are first paid in full in cash or Cash Equivalents (or such the prompt payment thereof is duly provided for) or otherwise to the extent holders accept satisfaction of amounts due by settlement for in other than cash or Cash Equivalentscash), or (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt of the Company Indebtedness 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 Securities 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 the principal of, premium, if any, or interest on (including any Additional Amounts or Additional Interest) on, the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt 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 Debt Indebtedness 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 (ii) in the event of default in the payment of any principal of, premium, if any, or interest on any Senior Debt Indebtedness of the Company when it becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration acceleration 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 Securities 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 the principal of, of or premium, if any, or interest on the Securities, or to acquire any of the Securities (including any repurchases of Securities at the option of the Holder) for cash or property (other than Junior Securities), or on account of the redemption provisions of the Securities or any Obligation in respect of the Securities, for cash or property (other than Junior Securities), (i) upon the maturity of any Senior Debt Indebtedness of the Company by lapse of time, acceleration (unless waived) or otherwise, unless and until all principal of, of and premium, if any, and interest on such Senior Debt Indebtedness 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 (ii) in the event of default in the payment of any principal of, of or premium, if any, or interest on any Senior Debt of the Company Indebtedness 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.