Common use of No Payment on Securities in Event of Default on Senior Indebtedness Clause in Contracts

No Payment on Securities in Event of Default on Senior Indebtedness. No payment by the Company on account of principal (or premium, if any), sinking funds or interest, if any, on the Securities shall be made unless full payment of amounts then due for principal (premium, if any), sinking funds and interest on Senior Indebtedness has been made or duly provided for in money or money's worth.

Appears in 7 contracts

Samples: Indenture (Deere & Co), Indenture (Deere & Co), Indenture (Hub International LTD)

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No Payment on Securities in Event of Default on Senior Indebtedness. No payment by the Company on account of principal (or principal, premium, if any)interest or Additional Amounts, sinking funds and any interest thereon, of or interest, if any, on the Securities shall be made unless full payment of amounts then due for principal (principal, premium, if any), sinking funds funds, and interest or Additional Amounts on Senior Indebtedness has been made or duly provided for in money or money's worth.

Appears in 1 contract

Samples: Merrill Lynch Preferred Funding I Lp

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