Issue of Second Lien Payment Stop Notice Sample Clauses

Issue of Second Lien Payment Stop Notice. (g) The determination that a Senior Parent Payment Stop Notice is “outstanding” is to be made by reference to the provisions of Clause 6.3 (
AutoNDA by SimpleDocs
Issue of Second Lien Payment Stop Notice. (a) Until the Senior Discharge Date, except with the Required Senior Consent, no Debtor shall make (and the Parent shall procure that no member of the Group will make), and no Permitted Second Lien Financing Creditor may receive from any member of the Group, any Permitted Second Lien Payment (other than Permitted Second Lien Financing Agent Liabilities and except as provided in paragraphs (a)(ii) to (x) of Clause 5.2 (Permitted Payments: Second Lien Liabilities)) if:
Issue of Second Lien Payment Stop Notice. (h) The determination that a Second Lien Standstill Period is "outstanding" is to be made by reference to the provisions of Clause 6.10 (Permitted Second Lien Enforcement).
Issue of Second Lien Payment Stop Notice. (a) Until the later of the Super Senior Discharge Date and the Senior Discharge Date, except if the Required Super Senior Consent and the Required Senior Consent have been obtained, no Debtor shall make (and the Parent shall procure that no member of the Group will make), and no Second Lien Secured Creditor may receive from any member of the Group, any Permitted Second Lien Payment (other than, for the avoidance of doubt, a roll-up or capitalisation of any amount and Second Lien Agent
Issue of Second Lien Payment Stop Notice. (a) Until the Senior Discharge Date, except if the Required Senior Consent has been obtained, no Debtor shall make (and the Parent shall procure that no member of the Group will make), and no Permitted Second Lien Financing Creditor may receive from any member of the Group, any Permitted Second Lien Payment (other than, for the avoidance of doubt, a roll-up or capitalisation of any amount and Permitted Second Lien Financing Agent Liabilities and except as provided in paragraphs (a)(ii) to (a)(vii) of Clause 5.2 (Permitted Payments: Permitted Second Lien Financing Liabilities)) if:
Issue of Second Lien Payment Stop Notice. (a) Until the Senior Secured Discharge Date (except with the prior consent of the Senior Agent under the Senior Facilities Agreement and (to the extent otherwise prohibited under the Senior Secured Notes Indenture(s) pursuant to which any Senior Secured Notes are outstanding) the consent of the Senior Secured Notes Trustee(s) under such Senior Secured Notes Finance Documents and subject to Clause 11 (Effect of Insolvency Event)), the Debtors and Third Party Security Providers shall not make (and the Company shall procure that no Group Company shall), and no Second Lien Creditor may receive from any Group Company or Third Party Security Provider any Permitted Second Lien Payment (other than any Entrenched Second Lien Permitted Payments) if:
Issue of Second Lien Payment Stop Notice. (ii) a Senior Subordinated Payment Stop Notice is “outstanding” is to be made by reference to the provisions of Clause 8.5 (Issue of Senior Subordinated Payment Stop Notice);
AutoNDA by SimpleDocs
Issue of Second Lien Payment Stop Notice. (a) A Second Lien Payment Stop Notice is “outstanding” during the period from the date on which, following the occurrence of a Second Lien Payment Stop Event, the relevant Creditor Representative in respect of the relevant Pari Passu Liabilities (the “Relevant Representative”) issues a notice (a “Second Lien Payment Stop Notice”) to each Creditor Representative in respect of the Second Lien Liabilities, to the Parent and to the Common Security Agent advising that that Second Lien Payment Stop Event has occurred and is continuing and suspending Payments of the Second Lien Liabilities until the first to occur of:

Related to Issue of Second Lien Payment Stop Notice

  • Change in Payment Instructions to Obligors Except as may be required by the Agent pursuant to Section 8.2(b), such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors regarding payments to be made to any Lock-Box or Collection Account, unless the Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock-Box; provided, however, that the Servicer may make changes in instructions to Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.

Time is Money Join Law Insider Premium to draft better contracts faster.