Common use of Default on Designated Senior Indebtedness Clause in Contracts

Default on Designated Senior Indebtedness. The Company may not pay principal of, premium (if any) or interest on, the Securities or make any deposit pursuant to the provisions described under Section 8.01 and may not otherwise purchase, redeem or otherwise retire any Securities (except that the Holders may receive and retain (a) Permitted Junior Securities and (b) payments made from the trust described under Article 8) (collectively, “pay the Securities”) if:

Default on Designated Senior Indebtedness. The Company Issuers may not pay principal of, premium (if any) or interest on, the Securities or make any deposit pursuant to the provisions described under Section 8.01 and may not otherwise purchase, redeem or otherwise retire any Securities (except that the Holders may receive and retain (a) Permitted Junior Securities and (b) payments made from the trust described under Article 8) (collectively, “pay the Securities”) if:

Default on Designated Senior Indebtedness. (a) The Company Issuer may not pay principal of, premium (if any) or interest on, the Securities or make any deposit pursuant payment or distribution to the provisions described under Section 8.01 Trustee or any Holder in respect of Obligations with respect to the Notes and may not otherwise purchase, redeem acquire from the Trustee or otherwise retire any Securities Holder any Notes for cash or property (except that the Holders may receive and retain other than (aA) Permitted Junior Securities and (bB) payments and other distributions made from any defeasance trust created pursuant to Section 9.01) until all principal and other Obligations with respect to the trust described under Article 8) (collectively, “pay the Securities”) Senior Indebtedness have been paid in full if:

Default on Designated Senior Indebtedness. The Company Issuer may not pay principal of, premium (if any) or interest on, the Securities or make any deposit pursuant to the provisions described under Section 8.01 and may not otherwise purchase, redeem or otherwise retire any Securities (except that the Holders may receive and retain (a) Permitted Junior Securities and (b) payments made from the trust described under Article 8) (collectively, “pay the Securities”) if:

Default on Designated Senior Indebtedness. The Company may not pay principal of, premium (if any) or interest on, the Securities or make any deposit pursuant to the provisions described under Section 8.01 and may not otherwise purchase, redeem or otherwise retire any Securities (except that the Holders may receive and retain (a) Permitted Junior Securities and (b) payments made from the trust described under Article 8) (collectively, “"pay the Securities”") if: