Examples of Payment Blockage Notice in a sentence

No Non-Payment Default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice.
No nonpayment default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice.
If the Trustee receives any Payment Blockage Notice pursuant to clause (ii) above, no subsequent Payment Blockage Notice shall be effective for purposes of this Section unless and until at least 365 days shall have elapsed since the initial effectiveness of the immediately prior Payment Blockage Notice.
Not more than one Payment Blockage Notice with respect to all issues of Designated Senior Debt may be given in any consecutive 360-day period, irrespective of the number of defaults with respect to one or more issues of Designated Senior Debt during such period.
No new Payment Blockage Period may be commenced unless and until 365 days have elapsed since the effectiveness of the immediately preceding Payment Blockage Notice.

More Definitions of Payment Blockage Notice

Payment Blockage Notice has the meaning set forth in Section 10.02.

Payment Blockage Notice has the meaning specified in Section 4.2(ii).

Payment Blockage Notice shall have the meaning set forth in Section 2.14(c)(ii).

Payment Blockage Notice has the meaning specified in Section 4.03.

Payment Blockage Notice has the meaning specified in Section 16.3.]

Payment Blockage Notice. The term "Payment Blockage Notice" has the meaning specified in Section 4.2.

Payment Blockage Notice has the meaning specified in Section 17.3.]