Common use of Payment Provision Clause in Contracts

Payment Provision. If, during the term of this Agreement, Subsidiary fails to make any scheduled payment of interest, principal or premium, if any, on any Debt issued by it, Parent shall be obligated to the fullest extent permitted by law to either make, or cause Subsidiary to make, the scheduled payment immediately following notice of such failure.

Payment Provision. If, during the term of this Agreement, the Subsidiary fails to make any scheduled payment of interest, principal or premium, if any, on or any Debt issued by itother payment under the terms and provisions of the Securities, Parent shall be obligated obligated, to the fullest extent permitted by law to either make, or cause Subsidiary to make, the scheduled payment immediately following notice of such failurefailure (the obligations set forth in this Section 1 being herein called the "Supported Obligations"). The obligation hereunder is full and unconditional.