Common use of Notice by the Company Clause in Contracts

Notice by the Company. (a) The Company shall give prompt written notice to the Holders of the Senior Notes of any fact known to the Company that would prohibit the making of any payment of monies in respect of the Senior Notes pursuant to the provisions of this Article VI. (b) Upon any payment or distribution of assets of the Company referred to in this Article VI, the Holders of the Senior Notes shall be entitled to conclusively rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding-up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Holders of the Senior Notes, for the purpose of ascertaining the persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article VI.

Notice by the Company. (a) The Company shall give prompt written notice to the Holders of the Senior Notes Securities of any fact known to the Company that would prohibit the making of any payment of monies in respect of the Senior Notes Securities pursuant to the provisions of this Article VI. (b) Upon any payment or distribution of assets of the Company referred to in this Article VI, the Holders of the Senior Notes Securities shall be entitled to conclusively rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding-up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Holders of the Senior NotesSecurities, for the purpose of ascertaining the persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article VI.