Default on Guarantor Senior Indebtedness. 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.
Appears in 4 contracts
Samples: Subordinated Indenture (Sinclair Television Co Ii Inc), Subordinated Indenture (Sinclair Broadcast Group Inc), Subordinated Indenture (Capital Automotive Reit)
