Maturity of or Default on Senior Indebtedness. Upon the maturity of any Senior Indebtedness by lapse of time, acceleration or otherwise, all principal of or premium, if any, or interest on, rent or other payment obligations in respect of all such matured Senior Indebtedness shall first be paid in full, or such payment shall have been duly provided for, before any payment on account of principal or interest is made upon the Debentures.
Appears in 9 contracts
Samples: New York Community Bancorp Inc, Supplemental Indenture (New York Community Bancorp Inc), Supplemental Indenture (Sovereign Bancorp Inc)