Common use of Issue of Second Lien Payment Stop Notice Clause in Contracts

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. (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 Secured Creditor may receive from any member of the Group, any Permitted Second Lien Payment (other than Permitted than, for the avoidance of doubt, a roll-up or capitalisation of any amount and Second Lien Financing Agent Liabilities and except as provided in paragraphs (a)(ii) to (xa)(v) of Clause 5.2 (Permitted Payments: Second Lien Liabilities)) if:

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 Secured 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 (xix) of Clause 5.2 (Permitted Payments: Second Lien Liabilities)) if: