Common use of Default on Senior Debt Clause in Contracts

Default on Senior Debt. The Company may not pay principal of or interest on the Securities and may not acquire any Securities for cash or property other than capital stock of the Company if:

Appears in 29 contracts

Samples: Indenture (Carnival PLC), Indenture (Carnival PLC), Indenture (Carnival PLC)

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Default on Senior Debt. The Company may not pay principal of principal, premium, interest or interest Additional Amounts on the Securities and may not acquire any Securities for cash or property other than capital stock of the Company if:

Appears in 2 contracts

Samples: Union Planters Corp, Unumprovident Financing Trust Iii

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Default on Senior Debt. The Company may not pay ----------------------- principal of or interest on the Securities and may not acquire any Securities for cash or property other than capital stock of the Company if:

Appears in 1 contract

Samples: NVR Inc

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