Common use of Default on Designated Senior Indebtedness of the Company Clause in Contracts

Default on Designated Senior Indebtedness of the Company. (a) The Company may not pay the principal of, premium or interest on the Notes or make any deposit pursuant to Section 8.1 and may not repurchase, redeem or otherwise retire any Notes (collectively, "pay the Notes"), other than payments and other distributions in the form of Permitted Junior Securities or from any defeasance trust created pursuant to Section 8.1 if:

Appears in 3 contracts

Samples: Indenture (Constar International Inc), Indenture (Constar Inc), Indenture (Access Financial Solutions Inc)

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Default on Designated Senior Indebtedness of the Company. (a) The Company may not directly or indirectly pay the principal of, premium or interest on the Notes or directly or indirectly make any deposit pursuant to Section 8.1 and may not repurchase, redeem or otherwise retire any Notes (collectively, "β€œpay the Notes"”), other than payments and other distributions in the form of Permitted Junior Securities or from any defeasance trust created pursuant to Section 8.1 if:

Appears in 2 contracts

Samples: Indenture (Inmobiliaria Montes Urales 460 S a De C V), Indenture (Iusacell S a De C V)

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