Payment of Make-Whole Premium. In the case of any Event of Default occurring by reason of any willful action or inaction taken or not taken by or on behalf of the Company with the intention of avoiding payment of the premium that it would have had to pay if it then had elected to redeem the Notes pursuant to the optional redemption provisions of this Indenture, an equivalent Make Whole Premium shall also become and be immediately due and payable to the extent permitted by law upon the acceleration of the Notes.
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Samples: Loral Cyberstar (Loral Space & Communications LTD), Loral Cyberstar (Loral Cyberstar Inc), Loral Cyberstar (Loral Space & Communications LTD)
Payment of Make-Whole Premium. In the case of any Event of Default occurring by reason of any willful action or inaction taken or not taken by or on behalf of the Company with the intention of avoiding payment of the premium that it would have had to pay if it then had elected to redeem the Notes pursuant to the optional redemption provisions of this Indenture, an equivalent Make Whole Premium shall also become and be immediately due and payable to the extent permitted by law upon the acceleration of the Notes.. ARTICLE SEVEN
Appears in 2 contracts
Samples: Loral Cyberstar (Loral Space & Communications LTD), Loral Cyberstar (Loral Cyberstar Inc)
Payment of Make-Whole Premium. In the case of any Event of Default occurring by reason of any willful action or inaction taken or not taken by or on behalf of the Company with the 38 intention of avoiding payment of the premium that it would have had to pay if it then had elected to redeem the Notes pursuant to the optional redemption provisions of this Indenture, an equivalent Make Whole Premium shall also become and be immediately due and payable to the extent permitted by law upon the acceleration of the Notes.
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