Payments of Senior Secured Creditor Liabilities Sample Clauses

Payments of Senior Secured Creditor Liabilities. (a) The Debtors and Security Grantors may make Payments in respect of the Senior Secured Creditor Liabilities at any time provided that, following the occurrence of a Senior Acceleration Event, a Senior Secured Notes Acceleration Event, a Pari Passu Debt Acceleration Event or an Insolvency Event, no Debtor may make (and no Senior Secured Creditor may receive) Payments of the Senior Lender Liabilities, Pari Passu Debt Liabilities or Senior Secured Notes Liabilities except from Group Recoveries distributed in accordance with Clause ‎18 (Application of Proceeds). (b) For the avoidance of doubt, the proviso in paragraph (a) above: (i) acts as a suspension of payment and not as a waiver of the right to receive payment on the date such payments are due; (ii) will not prevent the accrual or capitalisation of interest (including default interest) in accordance with the Secured Debt Documents;

Payments of Senior Secured Creditor Liabilities. Clause 10.3 (Exclusions) and Clause 10.4 (Permitted Assurance and Receipts), Clause 18 (New Debt Financings) and, in the case of Notes Trustee Amounts, to paragraphs (a) and (c) of Clause 28.1 (Liability):

Payments of Senior Secured Creditor Liabilities paragraph (b)(ii) of Clause 4.3 (Permitted Payments: Hedging Liabilities), Clause 5.1 (

Payments of Senior Secured Creditor Liabilities paragraph (b)(ii) of Clause 4.3 (Permitted Payments: Hedging Liabilities), Clause 5.1 (Restriction on Payment and Dealings: Second Lien Liabilities) and Clause 6.1 (Restriction on Payment and Dealings: Topco Group Liabilities)) or any other Debt Document, in the case of a disposal of shares or other ownership interests in a Debtor or other member of the Group (or Holding Company of any Debtor), or any other transactions pursuant to which a Debtor or other member of the Group (or Holding Company of any Debtor) will cease to be a member of the Group or a Debtor (including pursuant to Clause 21.23 (Resignation of a Debtor) or by designation as an Unrestricted Subsidiary) in each case to the extent the Company has confirmed to the Security Agent that such disposal, transaction or designation is not prohibited by the Finance Documents, if such member of the Group or a Debtor is a borrower, issuer or other primary debtor under or in respect of any Debt Document, such person shall have the right to voluntarily prepay any or all Liabilities outstanding under any Debt Document to the applicable Creditors concurrently with ceasing to be a member of the Group or Debtor; and any right to decline, delay or prevent any prepayment in any Debt Document shall be disapplied to ​ ​ ​ ​ the extent that if exercised such right would prevent the repayment of all such Liabilities in full by such person (but without prejudice to any prepayment fees, make-whole payment, break costs or other payment required by the relevant Finance Documents).

Payments of Senior Secured Creditor Liabilities. (a) The Debtors and Security Grantors may make Payments in respect of the Senior Secured Creditor Liabilities at any time provided that, following the occurrence of a Senior Acceleration Event, a Senior Secured Notes Acceleration Event, a Pari Passu Debt Acceleration Event or an Insolvency Event, no Debtor may make (and no Senior Secured Creditor may receive) Payments of the Senior Lender Liabilities, Pari Passu Debt Liabilities or Senior Secured Notes Liabilities except from Group Recoveries distributed in accordance with Clause ‎18 (Application of Proceeds). (b) For the avoidance of doubt, the proviso in paragraph (a) above:

Payments of Senior Secured Creditor Liabilities. The Debtors and Third Party Security Providers may make Payments in respect of the Senior Secured Creditor Liabilities at any time in accordance with the provisions of the applicable Senior Finance Documents and the Senior Secured Notes Finance Documents, provided that, following the occurrence of a Senior Acceleration Event, a Senior Secured Notes Acceleration Event or an Insolvency Event, no Debtor or Third Party Security Provider may make (and no Senior Secured Creditor may receive) Payments of the Senior Lender Liabilities or Senior Secured Notes Liabilities except from Group Recoveries distributed in accordance with Clause 18 (Application of Proceeds).