Default on Senior Debt. (i) The Company may not make any payment or distribution to any Holder in respect of obligations with respect to the Note and may not acquire from any Holder any loans for cash or property (other than Permitted Junior Securities) and no Holder may accept or retain any such payments until all principal and other obligations with respect to the Senior Debt have been paid in full, in cash, if:
Appears in 4 contracts
Samples: Eftc Corp/, Eftc Corp/, Eftc Corp/
Default on Senior Debt. (ia) The Company may not make any payment or distribution to the Trustee or any Holder in respect of obligations Obligations with respect to the Note Debentures and may not acquire from the Trustee or any Holder any loans Debentures for cash or property (other than Permitted Junior Securities) and no Holder may accept or retain any such payments until all principal and other obligations Obligations with respect to the Senior Debt have been paid in full, in cash, full if:
Appears in 2 contracts
Samples: Standard Motor Products Inc, Standard Motor Products Inc
Default on Senior Debt. (ia) The Company Such Guarantor may not make any payment or distribution to the Trustee or any Holder in respect of obligations Obligations with respect to the Note Notes and may not acquire from the Trustee or any Holder any loans Notes for cash or property (other than Permitted Junior Securities) and no Holder may accept or retain any such payments until all principal and other obligations Obligations with respect to the Senior Debt of such Guarantor have been paid in full, in cash, full if:
Appears in 1 contract
Samples: Indenture (Jordan Industries Inc)
