Common use of DISTRIBUTION OF ASSETS, ETC Clause in Contracts

DISTRIBUTION OF ASSETS, ETC. No payment on account of principal of or interest on the Debentures shall be made, and no Debentures shall be purchased or otherwise acquired, and no funds shall be set aside for the purchase of any Debentures, either directly or indirectly, by the Company, if a default in the payment of the principal of or premium, if any, or interest on any Senior Indebtedness shall have occurred and continued beyond any applicable period of grace so as to entitle the holder of such Senior Indebtedness to accelerate its maturity, unless and until such default shall have been cured or waived or shall have ceased to exist or moneys for the payment thereof shall have been duly set aside. In the event of any distribution of assets of the Company upon any dissolution, winding up, total or partial liquidation, or reorganization of the Company, whether in bankruptcy, insolvency or receivership proceedings, or upon any assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Company, or otherwise,

DISTRIBUTION OF ASSETS, ETC. No payment on account of principal of or interest or premium, if any, on the Debentures Investment Notes shall be made, and no Debentures Investment Notes shall be purchased or otherwise acquired, and no funds shall be set aside for the purchase of any DebenturesInvestment Notes, either directly or indirectly, by the Company, if a default in the payment of the principal of or premium, if any, or interest on any Senior Indebtedness shall have occurred and continued beyond any applicable period of grace so as to entitle the holder of such Senior Indebtedness to accelerate its maturity, unless and until such default shall have been cured or waived or shall have ceased to exist or moneys for the payment thereof shall have been duly set aside. In the event of any distribution of assets of the Company upon any dissolution, winding up, total or partial liquidation, or reorganization of the Company, whether in bankruptcy, insolvency or receivership proceedings, or upon any assignment for the benefit of creditors or any other marshalling marshaling of the assets and liabilities of the Company, or otherwise,

DISTRIBUTION OF ASSETS, ETC. No payment on account of principal of or interest or premium, if any, on the Debentures Securities shall be made, and no Debentures Securities shall be purchased or otherwise acquired, and no funds shall be set aside for the purchase of any DebenturesSecurities, either directly or indirectly, by the Company, if a default in the payment of the principal of or premium, if any, or interest on any Senior Indebtedness shall have occurred and continued beyond any applicable period of grace so as to entitle the holder of such Senior Indebtedness to accelerate its maturity, unless and until such default shall have been cured or waived or shall have ceased to exist or moneys for the payment thereof shall have been duly set aside. In the event of any distribution of assets of the Company upon any dissolution, winding up, total or partial liquidation, or reorganization of the Company, whether in bankruptcy, insolvency or receivership proceedings, or upon any assignment for the benefit of creditors or any other marshalling marshaling of the assets and liabilities of the Company, or otherwise,