Common use of No Payment on Notes in Certain Circumstances Clause in Contracts

No Payment on Notes in Certain Circumstances. (a) If any default in the payment of any principal of or interest on any Senior Debt when due and payable, whether at maturity, upon any redemption, by declaration or otherwise, occurs and is continuing, no payment shall be made by the Issuer with respect to the principal of or interest on the Notes or to acquire any of the Notes for cash or property other than conversion of the Notes into Common Shares in accordance with Section 7.1 hereof.

No Payment on Notes in Certain Circumstances. (a) If any No direct or indirect payment by or on behalf of the Company of principal, premium and interest on the Notes, whether pursuant to the terms of the Notes or upon acceleration or otherwise, shall be made if, at the time of such payment, there exists a default in the payment of all or any principal portion of or interest on the obligations of any Senior Debt when due Indebtedness, and payable, whether at maturity, upon any redemption, such default shall not have been cured or waived or the benefits of this sentence waived by declaration or otherwise, occurs and is continuing, no payment shall be made by the Issuer with respect to the principal of or interest on the Notes or to acquire any behalf of the Notes for cash or property other than conversion holders of the Notes into Common Shares in accordance with Section 7.1 hereofsuch Senior Indebtedness.

No Payment on Notes in Certain Circumstances. (a) If any default in the payment of any principal of or interest on any Senior Debt when due and payable, whether at maturity, upon any redemption, by declaration or otherwise, occurs and is continuing, no payment shall be made by the Issuer with respect to the principal of or interest on the Notes or to acquire any of the Notes for cash or property other than conversion of the Notes into Common Shares in accordance with Section 7.1 8.1 hereof.

No Payment on Notes in Certain Circumstances. (a) If any default in the payment of any principal of or interest on or any other amount due in connection with any Senior Debt when due and payable, whether at maturity, upon any redemption, by declaration or otherwise, occurs and is continuing, no payment shall be made by the Issuer with respect to the principal of or interest on the Notes or to acquire any of the Notes for cash or property other than conversion of the Notes into Common Shares in accordance with Section 7.1 hereof.be

No Payment on Notes in Certain Circumstances. (a1) If any default in the payment of any principal of or interest on any Specified Senior Debt Indebtedness or any Designated Senior Indebtedness when due and payable, whether at maturity, upon any redemption, by declaration or otherwise, occurs and is continuing, no payment shall be made by the Issuer Company with respect to the principal of of, premium, if any, or interest on or Liquidated Damages, if any, on, or other amount owing with respect to, the Notes Notes, or to redeem or acquire any of the Notes for cash or property other than conversion of the Notes into Common Shares in accordance with Section 7.1 hereofor otherwise.

No Payment on Notes in Certain Circumstances. (a) If any default in the payment of any principal of or interest on any Senior Debt when due and payable, whether at maturity, upon any redemption, by declaration or otherwise, occurs and is continuing, no payment shall be made by the Issuer with respect to the principal of or interest on the Notes or to acquire any of the Notes for cash or property other than conversion of the Notes into Common Shares Stock in accordance with Section 7.1 5.1 hereof.