Common use of No Payment on Group Guarantee in Certain Circumstances Clause in Contracts

No Payment on Group Guarantee in Certain Circumstances. (a) No payment shall be made by or on behalf of the Group Guarantor on account of any obligation or, to the extent the subordination thereof is permitted by applicable law, claim in respect of the Group Guarantee, including the Principal of or interest on the Securities, or to redeem (or make a deposit in redemption of), defease (other than payments made by the Trustee pursuant to Article Eight with respect to a defeasance permitted by this Indenture, including the subordination provisions herein) or acquire any of the Securities for cash, property or securities, (i) upon the maturity of Group Guarantor Senior Indebtedness with an aggregate principal amount in excess of $100 million by acceleration, unless and until all principal of, premium, if any, and interest on such Group Guarantor Senior Indebtedness and all other obligations in respect thereof shall first be paid in full in cash or cash equivalents or such payment is duly provided for, or unless and until any such maturity by acceleration has been rescinded or waived or (ii) in the event of default in payment of any principal of, premium, if any, or interest on or any other amount payable in respect of Group Guarantor Senior Indebtedness with an aggregate principal amount in excess of $100 million when it becomes due and payable at maturity or at a date fixed for prepayment or redemption, unless and until such payment default has been cured or waived or has otherwise ceased to exist.