Payment Permitted if No Dissolution, Bankruptcy or Moratorium. Nothing contained in this Article Thirteen or elsewhere in this Indenture shall prevent (i) the Guarantor, except under the conditions described in Section 13.4 of this Indenture, from making payments pursuant to the Guarantor, or from depositing with the Trustee any money for such payments, or (ii) the application by the Trustee of any money deposited with it for the purpose of making such payment of principal of, premium, if any, and interest, if any, pursuant to the Guarantor to the Holders entitled thereto, if, at the time such application by the Trustee, it did not have actual knowledge that such payment would have been prohibited by the provisions of this Article Thirteen.
Appears in 3 contracts
Samples: Subordinated Debt Indenture (Royal Ahold), Subordinated Debt Indenture (Ahold Finance Usa Inc), Subordinated Debt Indenture (Royal Ahold)
Payment Permitted if No Dissolution, Bankruptcy or Moratorium. Nothing contained in this Article Thirteen Eleven or elsewhere in this Indenture shall prevent (i) the GuarantorIssuer, except under the conditions described in Section 13.4 11.2 of this Indenture, from making payments pursuant to of principal of, premium, if any, and interest, if any, on the GuarantorSecurities, or from depositing with the Trustee any money for such payments, or (ii) the application by the Trustee of any money deposited with it for the purpose of making such payment of principal of, premium, if any, and interest, if any, pursuant to on the Guarantor Securities to the Holders entitled thereto, if, at the time such application by the Trustee, it did not have actual knowledge that such payment would have been prohibited by the provisions of this Article ThirteenEleven.
Appears in 2 contracts
Samples: Subordinated Debt Indenture (Stolt Offshore S A), Subordinated Debt Indenture (Stolt Offshore S A)