Payments to Holders of Securities. In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relative to the Issuer or the Guarantor or to its creditors, as such, or to its assets, or (b) any liquidation, dissolution or other winding up of the Issuer or the Guarantor, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy, and (c) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of the Issuer or the Guarantor, then and in any such event the holders of Senior Debt shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Debt (including any interest accruing thereon after the commencement of any such case or proceeding), or provision shall be made for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Debt, before the Holders of the Securities are entitled to receive any payment on account of principal of (or premium, if any) or interest on the Securities, and to that end the holders of Senior Debt shall be entitled to receive, for application to the payment thereof, any payment or distribution of any kind or character, whether in cash, property or securities, including any such payment or distribution which may be payable or deliverable by reason of the payment of any other indebtedness of the Issuer or the Guarantor being subordinated to the payment of the Securities, which may be payable or deliverable in respect of the Securities in any such case, proceeding, dissolution or other winding up event. In the event that, notwithstanding the foregoing provisions of this Section, the Trustee or the Holder of any Security shall have received any payment or distribution of assets of the Issuer or the Guarantor of any kind or character, whether in cash, property or securities, including any such payment or distribution which may be payable or deliverable by reason of the payment of any other indebtedness of the Issuer or the Guarantor being subordinated to the payment of the Securities, before all Senior Debt is paid in full or payment thereof provided for, and if such fact shall, at or prior to the time of such payment or distribution, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such payment or distribution shall be paid over or delivered forthw...
Payments to Holders of Securities. Payments by Paying Agents) or cancelled by it in accordance with Clause 5.3 (Replacement Securities, Coupons and Talons - Cancellation of mutilated or defaced Securities) or Clause 9.4 (Miscellaneous Duties of Agents - Cancellation), in which case it shall, upon written request, furnish the Issuer and the Guarantor with a certificate of destruction specifying the certificate or serial numbers (if any) of the Temporary Global Security or (as the case may be) Permanent Global Security or Definitive Securities and the number of Coupons so destroyed.
Payments to Holders of Securities. Payments by Paying Agents), treat the holder of any Temporary Global Security, Permanent Global Security, Definitive Security or Coupon as its absolute owner for all purposes and make payments thereon accordingly;
Payments to Holders of Securities. Payments by Paying Agents), if a Paying Agent makes a payment in respect of Securities on or after the due date for such payment under the Conditions at a time at which the Fiscal Agent has not received the full amount of the relevant payment due to it under Clause 6.1 (Payments to the Fiscal Agent - Issuer or Guarantor to pay Fiscal Agent) and the Fiscal Agent is not able out of funds received by it under Clause 6.1 (Payments to the Fiscal Agent - Issuer or Guarantor to pay Fiscal Agent) to reimburse such Paying Agent therefor (whether by payment under Clause 7.3 (Payments to Holders of Securities - Reimbursement by Fiscal Agent) or appropriation under Clause 7.4 (Payments to Holders of Securities - Appropriation by Fiscal Agent), the Issuer (failing which, the Guarantor) shall from time to time on demand pay to the Fiscal Agent for account of such Paying Agent:
Payments to Holders of Securities. No payment shall be made with respect to the principal of, premium, if any, or interest on the Securities (including, but not limited to, the Redemption Price, Repurchase Price or Put Repurchase Price with respect to the Securities subject to redemption or repurchase in accordance with Article 10 and Article 11, as provided in this Indenture), except payments and distributions made by the Trustee as permitted by the first paragraph of Section 13.05, if:
