Common use of Debt assumptions Clause in Contracts

Debt assumptions. (a) Each Senior Secured Notes Trustee is entitled to assume that: (i) no Senior Secured Payment Default, Second Lien Payment Default, Pari Passu Debt Payment Default, High Yield Payment Default or Unsecured Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, High Yield Default or Unsecured Default has occurred; (iii) none of the Senior Liabilities, Second Lien Liabilities, Pari Passu Debt Liabilities, High Yield Liabilities or Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, the Pari Passu Debt Discharge Date, the High Yield Discharge Date or the Unsecured Discharge Date has occurred, unless a Responsible Officer of that Senior Secured Notes Trustee has actual knowledge to the contrary. (b) Each Second Lien Notes Trustee is entitled to assume that in respect of the Secured Obligations: (i) no Senior Secured Payment Default or High Yield Payment Default or Unsecured Payment Default has occurred; (ii) no Senior Default, Senior Secured Notes Default, Pari Passu Debt Default, High Yield Default or Unsecured Default has occurred; (iii) none of the Senior Liabilities, Senior Secured Notes Liabilities, Pari Passu Debt Liabilities, High Yield Liabilities or Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Senior Secured Notes Discharge Date, the Pari Passu Debt Discharge Date, the High Yield Discharge Date or the Unsecured Discharge Date has occurred, unless a Responsible Officer of that Second Lien Notes Trustee has actual knowledge to the contrary. (c) Each High Yield Notes Trustee is entitled to assume that in respect of the Secured Obligations: (i) no Senior Secured Payment Default, Second Lien Payment Default or Unsecured Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, Senior Secured Notes Default or Unsecured Default has occurred; (iii) none of the Senior Secured Liabilities, Second Lien Liabilities or Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, the Pari Passu Debt Discharge Date, the Senior Secured Notes Discharge Date or the Unsecured Discharge Date has occurred, unless a Responsible Officer of that High Yield Notes Trustee has actual knowledge to the contrary. (d) Each Unsecured Notes Trustee is entitled to assume that in respect of the Secured Obligations: (i) no Senior Secured Payment Default, Second Lien Payment Default or High Yield Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, Senior Secured Notes Default or High Yield Default has occurred; (iii) none of the Senior Secured Liabilities, Second Lien Liabilities or High Yield Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, Pari Passu Debt Discharge Date, the Senior Secured Notes Discharge Date or the High Yield Discharge Date has occurred, unless a Responsible Officer of that Unsecured Notes Trustee has actual knowledge to the contrary. (e) The Notes Trustee is not obliged to monitor or enquire whether any Event of Default has occurred.

Debt assumptions. (a) Each The Senior Secured Notes Trustee is entitled to assume that: (i) no Senior Secured Payment Default, Second Lien Payment Default, Pari Passu Debt Payment Default, High Yield Payment Default or Unsecured Second Lien Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, High Yield Default or Senior Unsecured Default has occurred; (iii) none of the Senior Secured Creditor Liabilities, Second Lien Liabilities, Pari Passu Debt Liabilities, High Yield Liabilities or Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, the Pari Passu Debt Discharge Date, the High Yield Discharge Date or the Unsecured Discharge Date has occurred, unless a Responsible Officer of that Senior Secured Notes Trustee has actual knowledge to the contrary. (b) Each Second Lien Notes Trustee is entitled to assume that in respect of the Secured Obligations: (i) no Senior Secured Payment Default or High Yield Payment Default or Unsecured Payment Default has occurred; (ii) no Senior Default, Senior Secured Notes Default, Pari Passu Debt Default, High Yield Default or Unsecured Default has occurred; (iii) none of the Senior Liabilities, Senior Secured Notes Liabilities, Pari Passu Debt Liabilities, High Yield Liabilities or Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Senior Secured Notes Discharge Date, the Pari Passu Debt Discharge Date, the High Yield Second Lien Discharge Date or the Senior Unsecured Discharge Date has occurred, unless a Responsible Officer of that Second Lien the Senior Secured Notes Trustee has actual knowledge to the contrary. (cb) Each High Yield The Second Lien Notes Trustee is entitled to assume that in respect of the Secured Obligationsthat: (i) no Senior Secured Payment Default, Second Lien Payment Default or Unsecured Second Lien Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, Senior Secured Notes Default or Senior Unsecured Default has occurred; (iii) none of the Senior Secured Creditor Liabilities, Second Lien Liabilities or Senior Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, the Pari Passu Debt Discharge Date, the Senior Secured Notes Discharge Date or the Senior Unsecured Discharge Date has occurred, unless a Responsible Officer of that High Yield the Second Lien Notes Trustee has actual knowledge to the contrary., (dc) Each The Senior Unsecured Notes Trustee is entitled to assume that in respect of the Secured Obligationsthat: (i) no Senior Secured Payment Default, Second Lien Payment Default or High Yield Second Lien Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, Default or Senior Secured Notes Default or High Yield Note Default has occurred; (iii) none of the Senior Secured Liabilities, the Senior Secured Notes Discharge Date, Second Lien Liabilities or High Yield Senior Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, Pari Passu Debt Discharge Date, the Senior Secured Notes Discharge Date or the High Yield Senior Unsecured Discharge Date has occurred, unless a Responsible Officer of that the Senior Unsecured Notes Trustee has actual knowledge to the contrary. (ed) The No Notes Trustee is not obliged to monitor or enquire whether any Default or Event of Default has occurred.

Debt assumptions. (a) Each Senior Secured Notes Trustee is entitled to assume that: (i) no Senior Secured Payment Default, Second Lien Payment Default, Pari Passu Debt Payment Default, High Yield Payment Default or Unsecured Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, High Yield Default or Unsecured Default has occurred; (iii) none of the Senior Liabilities, Second Lien Liabilities, Pari Passu Debt Liabilities, High Yield Liabilities or Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, the Pari Passu Debt Discharge Date, the High Yield Discharge Date or the Unsecured Discharge Date has occurred, 84894163_20 unless a Responsible Officer of that Senior Secured Notes Trustee has actual knowledge to the contrary. (b) Each Second Lien Notes Trustee is entitled to assume that in respect of the Secured Obligations: (i) no Senior Secured Payment Default or High Yield Payment Default or Unsecured Payment Default has occurred; (ii) no Senior Default, Senior Secured Notes Default, Pari Passu Debt Default, High Yield Default or Unsecured Default has occurred; (iii) none of the Senior Liabilities, Senior Secured Notes Liabilities, Pari Passu Debt Liabilities, High Yield Liabilities or Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Senior Secured Notes Discharge Date, the Pari Passu Debt Discharge Date, the High Yield Discharge Date or the Unsecured Discharge Date has occurred, unless a Responsible Officer of that Second Lien Notes Trustee has actual knowledge to the contrary. (c) Each High Yield Notes Trustee is entitled to assume that in respect of the Secured Obligations: (i) no Senior Secured Payment Default, Second Lien Payment Default or Unsecured Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, Senior Secured Notes Default or Unsecured Default has occurred; (iii) none of the Senior Secured Liabilities, Second Lien Liabilities or Unsecured Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, the Pari Passu Debt Discharge Date, the Senior Secured Notes Discharge Date or the Unsecured Discharge Date has occurred, unless a Responsible Officer of that High Yield Notes Trustee has actual knowledge to the contrary. (d) Each Unsecured Notes Trustee is entitled to assume that in respect of the Secured Obligations:: 84894163_20 (i) no Senior Secured Payment Default, Second Lien Payment Default or High Yield Payment Default has occurred; (ii) no Senior Default, Second Lien Default, Pari Passu Debt Default, Senior Secured Notes Default or High Yield Default has occurred; (iii) none of the Senior Secured Liabilities, Second Lien Liabilities or High Yield Liabilities have been accelerated; (iv) no Default, Event of Default or termination event (however described) has occurred; and (v) none of the Senior Discharge Date, the Second Lien Discharge Date, Pari Passu Debt Discharge Date, the Senior Secured Notes Discharge Date or the High Yield Discharge Date has occurred, unless a Responsible Officer of that Unsecured Notes Trustee has actual knowledge to the contrary. (e) The Notes Trustee is not obliged to monitor or enquire whether any Event of Default has occurred.