No Further Payments. If a Noteholder has provided the Company with notice of the occurrence and continuance of a Default or Event of Default, the Company will not and it will cause each other Restricted Subsidiary to not make any further payments to the Guarantors in respect of any of the Subordinated Obligations until the earlier of: (i) such Default or Event of Default has been fully remedied, or (ii) until all of the Guaranteed Obligations and the Indemnified Amounts have been fully and finally paid, satisfied, performed and discharged.
Appears in 3 contracts
Samples: Note Purchase Agreement (ENERPLUS Corp), Subordination Agreement (ENERPLUS Corp), Guarantee and Subordination Agreement (Enerplus Resources Fund)
No Further Payments. If a Noteholder has provided the Company with notice of the occurrence and continuance of a Default or Event of Default, the Company will not and it will cause each other Restricted Subsidiary to not make any further payments to the Guarantors Guarantor in respect of any of the Subordinated Obligations until the earlier of: (i) such Default or Event of Default has been fully remedied, or (ii) until all of the Guaranteed Obligations and the Indemnified Amounts have been fully and finally paid, satisfied, performed and discharged.
Appears in 1 contract
Samples: Guarantee and Subordination Agreement (Enerplus Resources Fund)
