Common use of Payments May Be Paid Prior to Dissolution Clause in Contracts

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen or elsewhere in this Indenture shall prevent (a) the Company, except under the conditions described in Section 15.2 or Section 15.3, from making payments of principal of and premium, if any, and interest on the Securities, or from depositing with the Trustee any money for such payments, or (b) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and premium, if any, and interest on the Securities to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application) or in Section 15.6 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 6 contracts

Samples: Indenture (Just Energy Group Inc.), Indenture (Newpark Resources Inc), Indenture (TODCO Mexico Inc.)

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Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Fourteen or elsewhere in this Indenture shall prevent (ai) the Company, except under the conditions described in Section 15.2 14.2 or Section 15.314.3, from making payments of principal of and of, premium, if any, and interest on the Securities, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b14.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application) or in Section 15.6 14.15 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 6 contracts

Samples: Indenture (Alto Ingredients, Inc.), Indenture (Pacific Ethanol, Inc.), Indenture (Globalstar, Inc.)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Ten or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 10.02 or Section 15.310.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 10.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 3 contracts

Samples: Indenture (Extended Stay America Inc), Indenture (Scotsman Industries Inc), Indenture (Scotsman Industries Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Ten or elsewhere in this Indenture shall prevent (ai) the Company, except under the conditions described in Section 15.2 or Section 15.3Sections 10.02 and 10.03, from making payments at any time for the purpose of making payments of principal of and premium, if any, and interest on the Securities, or from depositing with the Trustee any money moneys for such payments, or (bii) in the absence of actual knowledge by the Trustee that a given payment would be prohibited by Section 10.02 or 10.03, the application by the Trustee of any money moneys deposited with it for the purpose of making such payments of principal of and premium, if anyof, and interest on on, the Securities to the holders Holders entitled thereto unless, unless at least two one Business Days Day prior to the date upon which such payment becomes would otherwise become due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application10.02(a) or in Section 15.6 of this Indenture10.07. The Company shall give prompt written notice to the Trustee of any dissolution, winding winding-up, liquidation or reorganization of the Company.

Appears in 2 contracts

Samples: Indenture (Chancellor Media Mw Sign Corp), Indenture (Amcast Radio Sales Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen XV or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 15.02 or Section 15.315.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders of such Notes entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b15.02(b) of this Indenture hereof (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 of this Indenture15.06 hereof. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 2 contracts

Samples: Indenture (Agco Corp /De), Indenture (Agco Corp /De)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen or elsewhere in this Indenture shall prevent (a) the CompanyPartnership, except under the conditions described in Section 15.2 or Section 15.3, from making payments of principal of and premium, if any, and interest on the Securities, or from depositing with the Trustee any money for such payments, or (b) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and premium, if any, and interest on the Securities to the holders entitled thereto unless, at least two three Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such applicationapplication which is known by a Responsible Officer of the Trustee prior to such acceleration) or in Section 15.6 of this Indenture. The Company Partnership shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the CompanyPartnership.

Appears in 2 contracts

Samples: Indenture (Cheniere Energy Partners, L.P.), Indenture (Cheniere Energy Partners, L.P.)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen 13 or elsewhere in this Indenture shall prevent (ai) the Company, except under the conditions described in Section 15.2 or 13.2 and Section 15.313.3, from making payments at any time for the purpose of making payments of principal of and premium, if any, and interest on the Securities, or from depositing with the Trustee any money monies for such payments, or (bii) in the absence of actual knowledge by the Trustee that a given payment would be prohibited by Section 13.2 or Section 13.3, the application by the Trustee of any money monies deposited with it for the purpose of making such payments of principal of and premium, if anyof, and interest on on, the Securities to the holders Holders entitled thereto unless, unless at least two one Business Days Day prior to the date upon which such payment becomes would otherwise become due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application13.2(a) or in Section 15.6 of this Indenture13.7. The Company shall give prompt written notice to the Trustee of any dissolution, winding winding-up, liquidation or reorganization of the Company.

Appears in 2 contracts

Samples: Indenture (Penske Automotive Group, Inc.), Indenture (United Nissan Inc / Tn)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen or elsewhere in this Indenture shall prevent (ai) the Company, except under the conditions described in Section 15.2 or Section 15.3, from making payments of principal of and of, premium, if any, and interest on the Securities, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application) or in Section 15.6 15.15 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 2 contracts

Samples: Indenture (DEP Operating Partnership, L.P.), Indenture (Constellation Energy Partners LLC)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Twelve or elsewhere in this Indenture shall prevent (ai) the Company, except under the conditions described in Section 15.2 or Section 15.3Sections 12.02 and 12.03, from making payments at any time for the purpose of making payments of principal of and premium, if any, and interest on the Securities, or from depositing with the Trustee any money monies for such payments, or (bii) in the absence of actual knowledge by the Trustee that a given payment would be prohibited by Section 12.02 or 12.03, the application by the Trustee of any money monies deposited with it for the purpose of making such payments of principal of and premium, if anyof, and interest on on, the Securities to the holders Holders entitled thereto unless, unless at least two one Business Days Day prior to the date upon which such payment becomes would otherwise become due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application12.02(a) or in Section 15.6 of this Indenture12.07. The Company shall give prompt written notice to the Trustee of any dissolution, winding winding-up, liquidation or reorganization of the Company.

Appears in 2 contracts

Samples: Indenture (Simonds Industries Inc), Indenture (Spanish Broadcasting System Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen XV or elsewhere in this Indenture shall prevent (ai) the CompanyIssuer, except under the conditions described in Section 15.2 or Section 15.3, from making payments of principal of and premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and premium, if any, and interest on the Securities Notes to the holders Holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 of this Indenture15.6. The Company Issuer shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the CompanyIssuer.

Appears in 2 contracts

Samples: First Supplemental Indenture (Lions Gate Entertainment Corp /Cn/), Indenture (Lions Gate Entertainment Corp /Cn/)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Ten or elsewhere in this Indenture shall prevent (ai) the Company, except under the conditions described in Section 15.2 10.02 or Section 15.310.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 10.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 2 contracts

Samples: Indenture (Ingram Micro Inc), Indenture (Primark Corp)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Four or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 4.02 or Section 15.34.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesDebentures, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Debentures to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b4.02(b) of this Indenture (or there shall have been an acceleration of the Securities Debentures prior to such application) or in Section 15.6 4.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 1 contract

Samples: Subordinated Debenture Indenture (Viatel Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Ten or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 10.02 or Section 15.310.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two three Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 10.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of, or similar proceeding (including any assignment for the benefit of creditors or any marshalling of assets) with respect to, the Company.

Appears in 1 contract

Samples: Indenture (Regal Cinemas Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Ten or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 10.02 or Section 15.310.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesDebentures, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Debentures to the holders entitled thereto unless, at least two three Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.02(b) of this Indenture (or there shall have been an acceleration of the Securities Debentures prior to such application) or in Section 15.6 10.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of, or similar proceeding (including any assignment for the benefit of creditors or any marshalling of assets) with respect to, the Company.

Appears in 1 contract

Samples: Indenture (Regal Cinemas Inc)

Payments May Be Paid Prior to Dissolution. 104 Nothing contained in this Article Fifteen 14 or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 14.02 or Section 15.314.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two three Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b14.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 14.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of, or similar proceeding (including any assignment for the benefit of creditors or any marshalling of assets) with respect to, the Company.

Appears in 1 contract

Samples: Indenture (Protection One Alarm Monitoring Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Eleven or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 11.02 or Section 15.311.03, from making payments of principal of and of, premium, if any, and interest on the Securities, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities to the holders Holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b11.02(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application) or in Section 15.6 11.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.. 82 75

Appears in 1 contract

Samples: Indenture (GST Telecommunications Inc)

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Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen XIV or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 14.02 or Section 15.315.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b14.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 of this Indenture14.06. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 1 contract

Samples: Indenture (Agco Corp /De)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen 10 or elsewhere in this Indenture shall prevent (ai) Holdings or the CompanySuccessor Corporation, as the case may be, except under the conditions described in Section 15.2 10.2 or Section 15.310.3 of this Indenture, from making payments of principal of and of, premium, if any, and interest on the Securities, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application) or in Section 15.6 10.6 of this Indenture. The Company Holdings or the Successor Corporation, as the case may be, shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of Holdings or the CompanySuccessor Corporation, as the case may be.

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in ------------------------------------------------ this Article Fifteen Ten or elsewhere in this Indenture shall prevent (ai) the Company, except under the conditions described in Section 15.2 10.02 or Section 15.310.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 10.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 1 contract

Samples: Indenture (CFW Communications Co)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen 12 or elsewhere in this Indenture shall prevent (ai) the Company, except under the conditions described in Section 15.2 or Section 15.3Sections 12.2 and 12.3, from making payments at any time for the purpose of making payments of principal of and premium, if any, and interest on the SecuritiesDebentures, or from depositing with the Trustee any money monies for such payments, or (bii) in the absence of actual knowledge by the Trustee that a given payment would be prohibited by Section 12.2 or 12.3, the application by the Trustee of any money monies deposited with it for the purpose of making such payments of principal of and premium, if anyof, and interest on on, the Securities Debentures to the holders Holders entitled thereto unless, unless at least two one Business Days Day prior to the date upon which such payment becomes would otherwise become due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application) 12.2 or in Section 15.6 of this Indenture12.7. The Company shall give prompt written notice to the Trustee of any dissolution, winding winding-up, liquidation or reorganization of the Company.

Appears in 1 contract

Samples: Indenture (R&b Falcon Corp)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen X or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 10.02 or Section 15.310.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 10.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 1 contract

Samples: Indenture (Extended Stay America Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen 15 or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 15.02 or Section 15.315.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b15.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 15.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 1 contract

Samples: Indenture (Agco Corp /De)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Ten or elsewhere in this Indenture shall prevent (ai) the Company, Company except under the conditions described in Section 15.2 10.02 or Section 15.310.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders Holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 10.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 1 contract

Samples: Indenture (Pagemart Wireless Inc)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen or elsewhere in this Indenture shall prevent (a) the CompanyPartnership, except under the conditions described in Section 15.2 or Section 15.3, from making payments of principal of and premium, if any, and interest on the Securities, or from depositing with the Trustee any money for such payments, or (b) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and premium, if any, and interest on the Securities to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application) or in Section 15.6 of this Indenture. The Company Partnership shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the CompanyPartnership.

Appears in 1 contract

Samples: Indenture (Sanchez Production Partners LP)

Payments May Be Paid Prior to Dissolution. Nothing ----------------------------------------- contained in this Article Fifteen Twelve or elsewhere in this Indenture shall prevent (ai) the Companya Subsidiary Guarantor, except under the conditions described in Section 15.2 12.02 or Section 15.312.03, from making payments of principal of and premium, if any, and interest on fulfilling any obligation arising under the SecuritiesNote Guarantees, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and premium, if any, and interest on fulfilling any obligation arising under the Securities Note Guarantees to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b12.02(b) of this Indenture (or there shall have been an acceleration of the Securities Note Guarantees prior to such application) or in Section 15.6 12.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Companysuch Subsidiary Guarantor.

Appears in 1 contract

Samples: Indenture (Urs Corp /New/)

Payments May Be Paid Prior to Dissolution. Nothing contained in this Article Fifteen Ten or elsewhere in this Indenture shall prevent (ai) the CompanyCompany or any Subsidiary Guarantor, except under the conditions described in Section 15.2 10.02 or Section 15.310.03, from making payments of principal of and of, premium, if any, and interest on the SecuritiesNotes, or from depositing with the Trustee any money for such payments, or (bii) the application by the Trustee of any money deposited with it for the purpose of making such payments of principal of and of, premium, if any, and interest on the Securities Notes to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have received the written notice provided for in Section 15.2(b10.02(b) of this Indenture (or there shall have been an acceleration of the Securities Notes prior to such application) or in Section 15.6 10.06 of this Indenture. The Company shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of the Company.

Appears in 1 contract

Samples: Indenture (Knowles Electronics LLC)

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