Common use of No Payment if Senior Indebtedness in Default Clause in Contracts

No Payment if Senior Indebtedness in Default. (a) Upon the maturity of any Senior Indebtedness by lapse of time, acceleration or otherwise, then, all principal of and interest on all such matured Senior Indebtedness will first be paid in full, or will first have been duly provided for, before any payment is made on account of principal of or interest on the Debentures.

No Payment if Senior Indebtedness in Default. (a) Upon 1)Upon the maturity of any Senior Indebtedness by lapse of time, acceleration or otherwise, or any other enforcement of any Senior Indebtedness, then, except as provided in Section 5.8, all principal of and interest on all such matured Senior Indebtedness will shall first be paid in full, or will shall first have been duly provided for, before any payment is made on account of principal of or interest on the DebenturesDebenture Liabilities.

No Payment if Senior Indebtedness in Default. (a) Upon the maturity of any Senior Indebtedness by lapse of time, acceleration or otherwise, then, except as provided in Section 5.1, all principal of and interest on all such matured Senior Indebtedness will first be paid in full, or will first have been duly provided for, before any payment is made on account of principal of or interest on the Debentures.

No Payment if Senior Indebtedness in Default. (a) Upon the maturity of any Senior Indebtedness by lapse of time, acceleration or otherwise, then, except as provided in Section 6.1, all principal of and interest on all such matured Senior Indebtedness will must first be paid in full, or will must first have been duly provided for, before any payment is made on account of principal of or interest on the Debentures.