Common use of Payment to Holders Clause in Contracts

Payment to Holders. No payment shall be made with respect to the principal of or interest on the Notes (including, but not limited to, the Fundamental Change Repurchase Price in accordance with Article 15 and any cash payable upon conversion if the Company elects Cash Settlement or Combination Settlement, but excluding the settlement of the Conversion Obligation by means of Physical Settlement in accordance with Article 14 (and cash payable in lieu of delivering any fractional share of Common Stock issuable upon conversion pursuant to Section 14.02(j)), except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 13.05, if:

Payment to Holders. No payment shall be made with respect to the principal of or interest on the Notes (including, but not limited to, the Fundamental Change Repurchase Price in accordance with Article 15 15, the Redemption Price in accordance with Article 16 and any cash payable upon conversion if the Company elects Cash Settlement or Combination Settlement, but excluding the settlement of the Conversion Obligation by means of Physical Settlement in accordance with Article 14 (and cash payable in lieu of delivering any fractional share of Common Stock issuable upon conversion pursuant to Section 14.02(j))), except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 13.05, if: