Common use of Certain Payments May Be Paid Prior to Dissolution Clause in Contracts

Certain Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Thirteen or elsewhere in this Indenture shall prevent (i) a Guarantor, except under the conditions described in Section 13.02, from making payments of principal of and interest on the Securities, or from depositing with the Trustee any moneys for such payments, or (ii) the application by the Trustee of any moneys deposited with it for the purpose of making such payments of principal of and interest on the Securities, to the holders entitled thereto unless at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 13.02(b) or in Section 13.06. A Guarantor shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of such Guarantor. SIGNATURES

Appears in 2 contracts

Samples: Indenture (HPH Homebuilders 2000 Lp), Indenture (Horton D R Inc /De/)

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Certain Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Thirteen or elsewhere in this Indenture shall prevent (i) a Guarantor, except under the conditions described in Section 13.02, from making payments of principal of and interest on the Securities, or from depositing with the Trustee any moneys for such payments, or (ii) the application by the Trustee of any moneys deposited with it for the purpose of making such payments of principal of and interest on the Securities, to the holders entitled thereto unless at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 13.02(b) or in Section 13.06. A Guarantor shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of such Guarantor. SIGNATURES.

Appears in 2 contracts

Samples: Indenture (Collins & Aikman Products Co), Indenture (Collins & Aikman Products Co)

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Certain Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Thirteen or elsewhere in this Indenture shall prevent (i) a the Guarantor, except under the conditions described in Section 13.02, from making payments of principal of and interest on the Securities, or from depositing with the Trustee any moneys for such payments, or (ii) the application by the Trustee of any moneys deposited with it for the purpose of making such payments of principal of and interest on the Securities, to the holders entitled thereto unless at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 13.02(b) or in Section 13.06. A The Guarantor shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of such the Guarantor. SIGNATURES

Appears in 1 contract

Samples: Indenture (Collins & Aikman Products Co)

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