Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or execution shall have been obtained pending such appeal or review.
Appears in 26 contracts
Samples: Indenture (Nice Systems LTD), Indenture (Mp&l Capital I), Junior Subordinated Indenture (Atlantic City Electric Co)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company Issuer or assumed or guaranteed, directly or indirectly, by the Company Issuer for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 13.01(b) of Section 1502 if (ia) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation and (iib) either (Ai) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (Bii) in the event that of a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 16 contracts
Samples: Junior Subordinated Indenture (Morgan Stanley Capital Trust XI), Junior Subordinated Indenture (Morgan Stanley Capital Trust XI), Junior Subordinated Indenture (Morgan Stanley Capital Trust VIII)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 13.4 shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 13.1 hereof if (i) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that if a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 13 contracts
Samples: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company Issuer or assumed or guaranteed, directly or indirectly, by the Company Issuer for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 13.1(b) of Section 1502 if (i) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 9 contracts
Samples: Subordinated Debt Indenture (Transcanada Pipelines LTD), Subordinated Indenture (Source One Mortgage Services Corp), Subordinated Indenture (Source One Mortgage Services Corp)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Corporation to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company Corporation or assumed or guaranteed, directly or indirectly, by the Company Corporation for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company Corporation in the instrument or instruments by which the Company Corporation incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 1401(b) of Section 1502 if (i) the Company Corporation shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company Corporation which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company Corporation shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 8 contracts
Samples: Subordinated Indenture (Duke Energy Capital Trust Ii), Subordinated Indenture (Duke Capital Financing Trust V), Subordinated Indenture (Duke Capital Financing Trust Iii)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 15.02 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or execution shall have been obtained pending such appeal or review.
Appears in 7 contracts
Samples: Subordinated Indenture (Great Plains Energy Inc), Indenture for Subordinated Debt Securities (Kansas City Power & Light Co), Subordinated Indenture (Great Plains Energy Inc)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 1602 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or execution shall have been obtained pending such appeal or review.
Appears in 6 contracts
Samples: Indenture (For Unsecured Subordinated Debt Securities) (Txu Europe Funding I L P), Indenture (Txu Europe Funding I L P), Indenture (Txu Europe Funding I L P)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 13.4 shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 13.1 if (i) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that if a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 5 contracts
Samples: Senior Subordinated Indenture (Ocean Energy Inc /La/), Senior Subordinated Indenture (Seagull Energy Corp), Senior Subordinated Indenture (Belco Oil & Gas Corp)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 1402 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or execution shall have been obtained pending such appeal or review.
Appears in 5 contracts
Samples: Indenture (Washington Water Power Capital Iii), Indenture (FPL Group Trust II), Indenture (Florida Power & Light CO Trust II)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 1604 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 1601 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 4 contracts
Samples: Subordinated Indenture (Dynegy Capital Trust Iii), Subordinated Indenture (Usa Waste Services Inc), Subordinated Indenture (Dynegy Capital Trust Ii)
Disputes with Holders of Certain Senior Indebtedness. Any ---------------------------------------------------- failure by the Company to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 11.4 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created Incurred such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 11.1 hereof if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that if a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 3 contracts
Samples: Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company Issuer or assumed or guaranteed, directly or indirectly, by the Company Issuer for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 6.1(b)(ii) of Section 1502 if (i1) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation and (ii2) either (Ai) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (Bii) in the event that of a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 3 contracts
Samples: Second Supplemental Indenture (Algonquin Power & Utilities Corp.), First Supplemental Indenture (Algonquin Power & Utilities Corp.), First Supplemental Indenture (Algonquin Power & Utilities Corp.)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 1401(b) of Section 1502 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Subordinated Indenture (Beckman Coulter Inc), Subordinated Indenture (Defs Capital Trust I)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform under any other obligation in respect of Senior IndebtednessIndebt- edness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 12.04 shall have been waived by the Company in the instrument or instruments in- struments by which the Company incurred, assumed, guaranteed or otherwise created cre- ated such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 12.01 if (i) the Company shall be disputing its obligation to make such payment pay- ment or perform such obligation obligation, and (ii) either (A) no final judgment relating relat- ing to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment judg- ment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company Com- pany shall in good faith be prosecuting an appeal or other proceeding for review re- view, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Subordinated Indenture (Coastal Corp), Subordinated Indenture (Coastal Corp)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Indenture (Montana Power Co /Mt/), Indenture (Montana Power Capital I)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 1504 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 1501 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Indenture (Eog Resources Inc), Subordinated Debt Indenture (Dynegy Capital Trust Iii)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section SECTION 15.04 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 SECTION 15.01 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Subordinated Indenture (Illinois Power Co), Subordinated Indenture (Illinois Power Co)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which that is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Indenture (Progress Energy Inc), Indenture (For Subordinated Debt Securities) (Florida Power Corp /)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 14.4 shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 14.1 if (i) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Senior Subordinated Indenture (Service Corporation International), Subordinated Indenture (Service Corporation International)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 1402(b) of Section 1502 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Indenture (Maverick Tube Corporation), Indenture (Maverick Tube Corporation)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 7.1.2(b) of Section 1502 if (ia) the Company shall be disputing its obligation to make such payment or perform such obligation and (iib) either (Ai) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (Bii) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Supplemental Indenture (Enbridge Inc), Eleventh Supplemental Indenture (Enbridge Inc)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company Issuer or assumed or guaranteed, directly or indirectly, by the Company Issuer for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 14.01(b) of Section 1502 if (ia) the Company shall be Issuer is disputing its obligation to make such payment or perform such obligation and (iib) either (Ai) no final judgment relating to such dispute shall have been issued against the Company which Issuer that is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (Bii) in the event that a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Share Repurchase Agreement (American International Group Inc), Junior Subordinated Indenture (AerCap Global Aviation Trust)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company Issuer or assumed or guaranteed, directly or indirectly, by the Company Issuer for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 4.1.2(b) of Section 1502 if (ia) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation and (iib) either (Ai) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (Bii) in the event that of a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 2 contracts
Samples: Trust Indenture (Emera Inc), Trust Indenture (Emera Inc)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 15.4 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 15.1 hereof if (i) the Company shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that if a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Samples: Subordinated Debt Indenture (Adelphia Communications Corp)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 1301(b) of Section 1502 if (ia) the Company shall be disputing its obligation to make such payment or perform such obligation and (iib) either (Ai) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (Bii) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 13.4 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 13.1 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which that is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Samples: Indenture (Kellwood Co)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 1401(b) of Section 1502 if (i) the Company shall be disputing its obligation to make such payment or perform 60 63 such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 1202 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Samples: Contingent Value Obligation Agreement (Carolina Power & Light Co)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 13.04 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 13.01 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to in which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause Section 13.03 hereof for so long as (b) of Section 1502 if (ia) the Company shall be disputing its obligation to make such payment or perform such obligation and (iib) either (Ai) no final judgment relating to such dispute shall not have been issued resulted in a judgment against the Company which is or the applicable Subsidiary that shall have remained undischarged or unbonded and have remained in full force and effect and is not subject to further review, including a judgment that has become final by reason of for more than the expiration of the time within which a party may seek further applicable appeal or review, period or (Bii) in the event that of such a judgment that is subject to further review or appeal has been issuedjudgment, the Company or the applicable Subsidiary shall in good faith be prosecuting an appeal or 107 other proceeding for review and which a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Samples: Indenture (Time Warner Inc)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 14.4 shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 14.1 if (i) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review and a stay or execution shall have been obtained pending such appeal or review.an
Appears in 1 contract
Samples: Subordinated Indenture (Service Corporation International)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 15.4 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default under clause (b) of Section 1502 15.1 above if (i) the Company shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that if a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Issuer to make any payment on or perform under any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation Senior Indebtedness as to which the provisions of this Section 13.4 shall have been waived by the Company Issuer in the instrument or instruments by which the Company Issuer incurred, assumed, guaranteed or otherwise created such indebtedness or obligationSenior Indebtedness, shall not be deemed a default Default under clause (b) of Section 1502 13.1 hereof if (i) the Company Issuer shall be disputing its obligation to make such payment or perform such obligation obligation, and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company Issuer which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that if a judgment that is subject to further review or appeal has been issued, the Company Issuer shall in good faith be prosecuting an appeal or other proceeding for review review, and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Samples: Senior Subordinated Indenture (York International Corp /De/)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 15.02 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which that is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Samples: Indenture (Pebblebrook Hotel Trust)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any -72- deferral, renewal, extension or refunding thereof) or any other obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default under clause (b) of Section 1502 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company Corporation to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company Corporation or assumed or guaranteed, directly or indirectly, by the Company Corporation for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to in which the provisions of this Section 11.05 shall have been waived by the Company Corporation in the instrument or instruments by which the Company Corporation incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (b) of Section 1502 if 11.04 hereof for so long as (i) the Company Corporation shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall not have been issued resulted in a judgment against the Company which is Corporation or the applicable Subsidiary that shall have remained undischarged or unbonded and have remained in full force and effect and is not subject to further review, including a judgment that has become final by reason of for more than the expiration of the time within which a party may seek further applicable appeal or review, period or (B) in the event that of such a judgment that is subject to further review or appeal has been issuedjudgment, the Company Corporation or the applicable Subsidiary shall in good faith be prosecuting an appeal or other proceeding for review and upon which a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Samples: Indenture (Time Warner Inc)
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment of or on or perform any other obligation in respect of under any Senior Indebtedness, other than any indebtedness Senior Indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section 3.02 shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default with respect to such Senior Indebtedness under clause (b) of the second paragraph of Section 1502 3.01 if (i) the Company shall be disputing its obligation to make such payment or perform such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract
Disputes with Holders of Certain Senior Indebtedness. Any failure by the Company to make any payment on or perform any other obligation in respect of under Senior Indebtedness, other than any indebtedness incurred by the Company or assumed or guaranteed, directly or indirectly, by the Company for money borrowed (or any deferral, renewal, extension or refunding thereof) or any other indebtedness or obligation as to which the provisions of this Section shall have been waived by the Company in the instrument or instruments by which the Company incurred, assumed, guaranteed or otherwise created such indebtedness or obligation, shall not be deemed a default or event of default under clause (bSection 1401(b) of Section 1502 if (i) the Company shall be disputing its obligation to make such payment or perform 60 62 such obligation and (ii) either (A) no final judgment relating to such dispute shall have been issued against the Company which is in full force and effect and is not subject to further review, including a judgment that has become final by reason of the expiration of the time within which a party may seek further appeal or review, or and (B) in the event that of a judgment that is subject to further review or appeal has been issued, the Company shall in good faith be prosecuting an appeal or other proceeding for review and a stay or of execution shall have been obtained pending such appeal or review.
Appears in 1 contract