Common use of Maturity of Senior Debt Clause in Contracts

Maturity of Senior Debt. Upon maturity of any Senior Debt by lapse of time, acceleration or otherwise, then all principal of, premium, if any, and interest on, and any other amount due pursuant to the terms of the instruments or agreements creating, relating to or evidencing all such matured Senior Debt shall first be paid in full before any payment on account of principal, interest, mandatory redemption provisions or any other amount due is made upon a Security.

Maturity of Senior Debt. Upon the maturity of any Senior Debt by lapse of time, acceleration or otherwise, then all principal of, premium, premium (if any) on, and interest on, and any other amount due pursuant to the terms of the instruments or agreements creating, relating to or evidencing on all such matured Senior Debt shall first be paid in full full, or shall first have been duly provided for, before any payment on account of principal, interest, mandatory redemption provisions or any other amount due the Promissory Notes is made upon a Securitymade.

Maturity of Senior Debt. Upon maturity of any Senior Debt by lapse of time, acceleration or otherwise, then all principal of, premium, if any, and interest on, and any other amount due pursuant to the terms of the instruments or agreements creating, relating to or evidencing all such matured Senior Debt shall first be paid in full before any payment on account of principal, interest, mandatory redemption provisions principal or any other amount due is made upon a Security.interest is

Maturity of Senior Debt. Upon maturity of any Senior Debt by lapse of time, acceleration or otherwise, then all principal of, premium, if any, and interest on, and any other amount due pursuant to the terms of the instruments or agreements creating, relating to or evidencing all such matured Senior Debt shall first be paid in full before any payment on account of principal, interest, mandatory redemption provisions principal or any other amount due interest is made upon a Securitythe Convertible Notes.