Default on Guarantor Senior Indebtedness. In the event and during the continuation of any default by the Guarantor in the payment of principal, premium, interest (including any Additional Interest) or any other amount due on any Guarantor Senior Indebtedness with respect to the Securities of any series, or in the event that the maturity of any Guarantor Senior Indebtedness with respect to the Securities of any series has been accelerated because of a default, then, in either case, no payment shall be made by the Guarantor pursuant to the Guarantee with respect to the principal (including redemption and sinking fund payments) of, any premium or interest (including any Additional Interest) on, or any Additional Amounts or, if applicable, Additional Sums with respect to, the Securities of such series. In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee when such payment is prohibited by the preceding paragraph of this Section 18.2, such payment shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of such Guarantor Senior Indebtedness or their respective representatives, or to the trustee or trustees under any indenture pursuant to which any of such Guarantor Senior Indebtedness may have been issued, as their respective interests may appear, but only to the extent that the holders of such Guarantor Senior Indebtedness (or their representative or 100 representatives or a trustee) notify the Trustee in writing within 90 days of such payment of the amounts then due and owing on such Guarantor Senior Indebtedness and only the amounts specified in such notice to the Trustee shall be paid to the holders of such Guarantor Senior Indebtedness.
Default on Guarantor Senior Indebtedness. (a) Upon the maturity of any Guarantor Senior Indebtedness by lapse of time, acceleration or otherwise, all principal thereof and interest thereon and other amounts due in connection therewith shall first be paid in full or such payment duly provided for before any payment is made by any of the Guarantors or any Person acting on behalf of any of the Guarantors in respect of the Guarantee of such Guarantor.
Default on Guarantor Senior Indebtedness. A Guarantor may not pay principal of, premium (if any) or interest on, or any other amount in respect of, the Notes pursuant to its Guarantee or make any deposit pursuant to Article VIII and may not otherwise purchase, redeem or otherwise retire any Notes or make any payments with respect to any obligations on the Guarantee of such Guarantor (collectively, "pay the Notes") if any amount due in respect of any Guarantor Senior Indebtedness of such Guarantor (including, without limitation any amount due as a result of acceleration of the maturity thereof by reason of default or otherwise) has not been paid in full in cash or Cash Equivalents unless the default has been cured or waived and any such acceleration has been rescinded or such Guarantor Senior Indebtedness has been paid in full in cash or Cash Equivalents. However, such Guarantor may pay the Notes without regard to the foregoing if such Guarantor and the Trustee receive written notice approving such payment from the Representative of the holders of the Guarantor Senior Indebtedness with respect to which the events set forth in the immediately preceding sentence have occurred and are continuing. In addition, during the continuance of any default (other than a payment default described in the first sentence of the immediately preceding paragraph) with respect to any Designated Guarantor Senior Indebtedness pursuant to which the maturity thereof may be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of any applicable grace periods, such Guarantor may not pay the Notes for a period (a "Guarantor Payment Blockage Period") commencing upon the receipt by the Trustee (with a copy to such Guarantor) of written notice (a "Guarantor Blockage Notice") of such default from the Representative of the holders of such Designated Guarantor Senior Indebtedness specifying an election to effect a Guarantor Payment Blockage Period and ending 179 days thereafter (or earlier if such Guarantor Payment Blockage Period is terminated (i) by written notice to the Trustee and such Guarantor from the Person or Persons who gave such Guarantor Blockage Notice, (ii) because the default giving rise to such Guarantor Blockage Notice and all other defaults with respect to such Designated Guarantor Senior Indebtedness shall have been cured or shall have ceased to exist or (iii) because such Designated Guarantor Senior Indebtedness has been repaid in ful...
Default on Guarantor Senior Indebtedness. A Guarantor may not make any payment under its Guarantee of the Securities or any Coupons and may not acquire any Securities or any Coupons for cash or property if:
Default on Guarantor Senior Indebtedness. No Guarantor may pay the principal of, premium (if any), or interest on, and other obligations with respect to, the Securities or make any deposit pursuant to Section 9.03 or repurchase, redeem or otherwise retire any Securities (collectively, "pay the Securities") if (a) any Guarantor Senior Indebtedness is not paid in cash or Cash Equivalents when due or (b) any other default on Guarantor Senior Indebtedness occurs and the maturity of such Guarantor Senior Indebtedness is accelerated in accordance with its terms unless, in either case, (i) the default has been cured or waived or is no longer continuing and/or any such acceleration has been rescinded or (ii) such Guarantor Senior Indebtedness has been paid in full; provided, however, that the Guarantor may pay the Securities subject to the provisions of Section 12.02, without regard to the foregoing if the Guarantor and the Trustee receive written notice approving such payment from the Representatives of the Senior Indebtedness with respect to which either of the events set forth in clause (a) or (b) of this sentence has occurred or is continuing. During the continuance of any default (other than a default described in clause (a) or (b) of the preceding sentence) with respect to any Designated Senior Indebtedness pursuant to which the maturity thereof may be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of any applicable grace periods, a Guarantor may not
Default on Guarantor Senior Indebtedness. (a) If any Guarantor Senior Indebtedness is not paid when due, the Subsidiary Guarantor may not pay the Subordinated Debt unless the default shall have been cured or waived or such Guarantor Senior Indebtedness has been paid in full.
Default on Guarantor Senior Indebtedness. (a) No direct or indirect payment by or on behalf of the Guarantor under the Guarantee, whether pursuant to the terms of the Guarantee or upon acceleration, by way of repurchase, redemption, defeasance or otherwise, will be made if, at the time of such payment, there exists a default in the payment when due of all or any portion of the obligations under or in respect of any Guarantor Senior Indebtedness, whether at maturity, on account of mandatory redemption or prepayment, acceleration or otherwise, and such default shall not have been cured or waived or the benefits of this sentence waived by or on of the holders of Guarantor Senior Indebtedness.
Default on Guarantor Senior Indebtedness. Unless Section 12.03 shall be applicable,
Default on Guarantor Senior Indebtedness. Subject to the provisions of Section 5, in the event and during the continuation of any default in the payment of principal of, or premium, if any, or interest on, or other monetary obligation with respect to, any Guarantor Senior Indebtedness beyond any applicable period of grace, or in the event that any event of default with respect to any Guarantor Senior Indebtedness shall have occurred and be continuing, unless and until such default or event of default shall have been cured or waived or shall have ceased to exist, no payment shall be made by the Guarantor in respect of the Guarantee.
Default on Guarantor Senior Indebtedness. Subject to the provisions of Section 5, in the event and during the continuation of any default in the payment of principal of, or premium, if any, or interest on, or other monetary obligation with respect to, any Guarantor Senior Indebtedness beyond any applicable period of grace, or in the event that any event of default with respect to any Guarantor Senior Indebtedness shall have occurred and be continuing, unless and until such default or event of default shall have been cured or waived or shall have ceased to exist, no payment shall be made by the Guarantor in respect of the Guarantee. Nothing contained in this Section or elsewhere in this Supplemental Indenture shall, however, prevent the application by the Trustee of any moneys deposited with it hereunder by the Guarantor in respect of the Guarantee, if, at the time of such deposit, the Trustee did not have written notice of any event prohibiting the making of such deposit by the Guarantor. The Guarantor shall give prompt written notice to the Trustee of any facts that would prohibit the making of any payment of moneys in respect of the Guarantee, including any dissolution, winding up, liquidation or reorganization of the Guarantor. Anything in this Section or elsewhere in this Supplemental Indenture to the contrary notwithstanding, the Trustee shall not be charged with knowledge of the existence of any Guarantor Senior Indebtedness or of any default or event of default with respect to any Guarantor
