Common use of Default on Designated Senior Indebtedness Clause in Contracts

Default on Designated Senior Indebtedness. The Company may not make any payment of any kind or character upon or in respect of the Notes (other than in (i) securities that are subordinated to the same extent as the Notes to Senior Indebtedness and any securities issued in exchange for Senior Indebtedness and (ii) payments made from the trusts described in Sections 8.4 and 8.5 hereof) if:

Default on Designated Senior Indebtedness. The Company may not pay the Note Amounts or make any payment of deposit pursuant to Section 10.01, and may not otherwise purchase, repurchase, redeem, retire, defease or otherwise acquire for value any kind or character upon or in respect of the Notes (other than in (i) securities that are subordinated to the same extent as the Notes to Senior Indebtedness and any securities issued in exchange for Senior Indebtedness and (ii) payments made from the trusts described in Sections 8.4 and 8.5 hereof) if:

Default on Designated Senior Indebtedness. The Company may not make any payment of or distribution to the Trustee or any kind or character Holder upon or in respect of the Notes Subordinated Note Obligations (except in Permitted Junior Securities or from the trust described in Section 8.04 hereof) until all principal and other than in (i) securities that are subordinated to the same extent as the Notes obligations with respect to Senior Indebtedness and any securities issued have been paid in exchange for Senior Indebtedness and (ii) payments made from the trusts described full in Sections 8.4 and 8.5 hereof) cash or cash equivalents, if:

Default on Designated Senior Indebtedness. (a) The Company may not make any payment of or distribution to the Trustee or any kind or character upon or Holder in respect of the Subordinated Note Obligations and may not acquire from the Trustee or any Holder any Notes for cash or property (other than in (i) securities that are subordinated to the same extent as the Notes to Senior Indebtedness Permitted Junior Securities and any securities issued in exchange for Senior Indebtedness and (ii) payments made from the trusts described in Sections 8.4 and 8.5 any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Indebtedness have been paid in full if:

Default on Designated Senior Indebtedness. The Company may not make any payment of any kind or character upon or in respect of the Notes (other than in (i1) securities that are subordinated to the same extent as the Notes to Senior Indebtedness and any securities issued in exchange for Senior Indebtedness and (ii2) payments made from the trusts described in Sections 8.4 and 8.5 hereof) if:

Default on Designated Senior Indebtedness. The Company may not make any payment or distribution of any kind or character (whether by redemption, purchase, retirement, defeasance or otherwise) upon or in respect of the Notes (other than in (ipayments and other distributions made from any defeasance trust created pursuant to Section 8.1 hereof if the applicable deposit does not violate Article 8 or 10 of this Indenture) securities that are subordinated until all principal and other Obligations with respect to the same extent as the Notes to Senior Indebtedness and any securities issued of the Company have been paid in exchange for Senior Indebtedness and (ii) payments made from the trusts described in Sections 8.4 and 8.5 hereof) full if:

Default on Designated Senior Indebtedness. (a) The Company may not make any payment of or distribution to the Trustee or any kind or character upon or Holder in respect of the Subordinated Note Obligations and may not acquire from the Trustee or any Holder any Notes for cash or property (other than in (i) securities that are subordinated to the same extent as the Notes to Senior Indebtedness Permitted Junior Securities and any securities issued in exchange for Senior Indebtedness and (ii) payments made from the trusts described in Sections 8.4 and 8.5 any defeasance trust created pursuant to Section 8.01 hereof) until all principal and other Obligations with respect to the Senior Indebtedness have been paid in full in cash and Cash Equivalents if: