Not to Accumulate Interest. In order to prevent any accumulation after maturity of unpaid coupons or of unpaid interest or of unpaid Debt Securities, the Corporation covenants with the Trustee that it will not, directly or indirectly, extend or assent to the extension of time for payment of any interest on any Debt Security or be a party to or approve any such arrangement by purchasing or funding any of said coupons or interest or in any other manner. In case the time for payment of any such coupons or interest shall be so extended, whether for a definite period or otherwise, such coupons or interest shall not be entitled, in case of default hereunder, to the benefit of these presents except subject to the prior payment in full of the principal of all Debt Securities issued hereunder and then outstanding and of all matured coupons and interest of such Debt Securities, the payment of which has not been so extended, and of all other moneys payable hereunder.
Not to Accumulate Interest. In order to prevent any accumulation after maturity of interest, the Corporation covenants with the Trustee that it will not, except with the approval of the Debentureholders expressed by Extraordinary Resolution, directly or indirectly extend or assent to the extension of time for payment of any interest payable hereunder or be a party to or approve any such arrangement by purchasing or funding any interest or in any other manner. In case the time for payment of any such interest shall be so extended, whether for a definite period or otherwise, such interest shall not be entitled in case of default hereunder to the benefit of these presents except subject to the prior payment in full of the principal of all Debentures and of all interest on Debentures, the payment of which has not been so extended, and of all other moneys payable hereunder.
Not to Accumulate Interest. In order to prevent any accumulation after maturity of unpaid interest, the Issuer will not, except with the approval of the Noteholders pursuant to an Extraordinary Resolution, directly or indirectly, extend or assent to the extension of time for payment of any interest payable on registered Notes or be a party to or approve any such arrangement by purchasing or funding any interest or in any other manner. If the time for payment of any such interest shall be so extended, whether for a definite period or otherwise, the registered owners entitled to such interest shall not be entitled to such interest in case of an Event of Default except subject to the prior payment in full of the principal of and Premium on all Notes and of all accrued interest on such Notes, the payment of which has not been so extended, and of all other moneys payable hereunder.
Not to Accumulate Interest. In order to prevent any accumulation after maturity of coupons or interest the Bank covenants with the Trustee that it will not, except with the approval of the Debentureholders expressed by Extraordinary Resolution, directly or indirectly extend or assent to the extension of time for payment of any coupons or interest or of any principal payable in respect of the Debentures payable hereunder or be or become a party to or approve any such arrangement by purchasing or funding any payment of said coupons or interest or principal in respect of any Debentures or in any other manner; and that the Bank shall and will deliver to the Trustee all Debentures when paid as evidence of such payment. In case the time for payment of any such coupons or interest or principal shall be so extended, whether or not such extension be by or with the consent of the Bank, such coupons or interest or principal shall not be entitled in case of default hereunder to the benefit of this Trust indenture except subject to the prior payment in full of the principal of and premium, if any, on all Debentures then outstanding and of all matured coupons and interest on such Debentures, the payment of which has not been so extended, and of all other moneys payable hereunder.
Not to Accumulate Interest. In order to prevent any accumulation after maturity of coupons or interest the Corporation covenants with the Trustee that it will not, unless otherwise provided in the supplemental indenture creating a series of Debentures or except with the approval of the Debentureholders expressed by extraordinary resolution, directly or indirectly extend or assent to the extension of time for payment of any coupons or interest payable hereunder or be a party to or approve any such arrangement by purchasing or funding any of said coupons or interest or in any other manner. In case the time for payment of any such coupons or interest shall be so extended, whether for a definite period or otherwise, such coupons or interest shall not be entitled in case of default hereunder to the benefit of these presents, except subject to the prior payment in full of the principal of and premium (if any) on all Debentures then outstanding and of all matured coupons and interest on such Debentures, the payment of which has not been so extended, and of all other moneys payable thereunder.
Not to Accumulate Interest. In order to prevent any accumulation after maturity of unpaid interest, MDC covenants with the Trustee that it will not, directly or indirectly, extend or assent to the extension of time for payment of any interest payable on Exchangeable Securities or be a party to or approve any such arrangement by funding interest or in any other manner. If the time for payment of any of said interest shall be so extended, whether for a definite period or otherwise, the Holders entitled to such interest shall not be entitled in case of default hereunder to the benefit of this Trust Indenture except subject to the prior payment in full of the principal of all Exchangeable Securities and of all interest on such Exchangeable Securities, the payment of which has not been so extended, and of all other moneys payable hereunder.
Not to Accumulate Interest. To prevent any accumulation after Maturity of unpaid interest, it shall not directly or indirectly extend or assent to the extension of time for payment of interest payable hereunder or be a party to or approve any such arrangement by purchasing or funding any interest or in any other manner. If the time for payment of any interest is so extended, whether for a definite period or otherwise, such interest shall not be entitled, in case of default hereunder, to the benefit of this Indenture except subject to the prior payment in full of the principal of all Debt Securities issued hereunder then outstanding and of all matured interest on such Debt Securities, the payment of which has not been so extended.
