Common use of Payment obligations and capitalisation of interest continue Clause in Contracts

Payment obligations and capitalisation of interest continue. (a) No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Senior Unsecured Notes Document by the operation of Clauses 6.2 (Restriction on Payment and dealings: Senior Unsecured Notes Liabilities) to and including 6.5 (Effect of Senior Unsecured Notes Payment Stop Notice or Senior Secured Payment Default) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.

Appears in 1 contract

Samples: Intercreditor Agreement (InterXion Holding N.V.)

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Payment obligations and capitalisation of interest continue. (a) No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Senior Unsecured Notes Permitted Second Lien Financing Document by the operation of Clauses 6.2 5.1 (Restriction on Payment and dealingsPayment: Senior Unsecured Notes Permitted Second Lien Financing Liabilities) to and including 6.5 5.4 (Effect of Senior Unsecured Notes Second Lien Payment Stop Notice or Senior Secured Payment Default) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.

Appears in 1 contract

Samples: Project Albion Intercreditor Agreement

Payment obligations and capitalisation of interest continue. (a) No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Senior Unsecured Debt Document governing the terms of the 2029 Notes Document Liabilities by the operation of Clauses 6.2 Clause 4.2 (Restriction on Payment and dealingsPayment: Senior Unsecured 2029 Notes Liabilities) to and including 6.5 4.5 (Effect of Senior Unsecured 2029 Notes Payment Stop Notice Event or Senior Secured Payment Default2029 Notes Automatic Block Event) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.

Appears in 1 contract

Samples: Intercreditor Agreement (Selina Hospitality PLC)

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Payment obligations and capitalisation of interest continue. (a) No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Senior Unsecured Notes Subordinated Debt Document by the operation of Clauses 6.2 8.3 (Restriction on Payment and dealingsPayment: Senior Unsecured Notes AMERICAS 120207225 Subordinated Liabilities) to and including 6.5 8.6 (Effect of Senior Unsecured Notes Subordinated Payment Stop Notice Event or Senior Secured Payment DefaultSubordinated Automatic Block Event) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.

Appears in 1 contract

Samples: Intercreditor Agreement (Oatly Group AB)

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