Common use of Default on Issuer Senior Debt Clause in Contracts

Default on Issuer Senior Debt. (a) The Issuer may not make any payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property until all principal and other Obligations with respect to the Issuer Senior Debt have been paid in full if:

Appears in 7 contracts

Samples: Note Subordination Agreement, Note Subordination Agreement (Centrus Energy Corp), Note Subordination Agreement (Centrus Energy Corp)

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