Common use of Payments on Notes Permitted Clause in Contracts

Payments on Notes Permitted. Nothing contained in this Article Thirteen or elsewhere in this Indenture, or in any of the Notes, shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except during the continuance of any event of default specified in Section 1303 (not cured or waived), payments at the Stated Maturity of principal of (and premium, if any) and interest on the Notes, or (b) prevent the application by the Trustee or any Paying Agent of any moneys held by the Trustee or such Paying Agent, in trust for the benefit of the Noteholders of Notes as to which notice of redemption shall have been mailed or published at least once prior to the happening of an event of default specified in Section 1303, to the payment of or on account of the principal of (and premium, if any) and interest on such Notes, or (c) prevent the application by the Trustee or any Paying Agent of any moneys deposited prior to the happening of any event of default specified in Section 1303 with the Trustee or such Paying Agent in trust for the purpose of paying a specified installment or installments of interest on the Notes, to the payment of such installments of interest on the Notes.

Payments on Notes Permitted. Nothing contained in this Article Thirteen Twelve or elsewhere in this Indenture, or in any of the Notes, shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except during the pendency of any dissolution, winding-up, liquidation of reorganization proceeding, and except during the continuance of any event of default specified in Section 1303 1203 (not cured or waived), payments at the Stated Maturity of principal of (and or premium, if any) and or interest on the Notes, or (b) prevent the application by the Trustee or any Paying Agent of any moneys held by the Trustee or such Paying Agent, in trust for the benefit of the Noteholders of Notes as to which notice of redemption shall have been mailed or published at least once prior to the happening of an event of default specified in Section 13031203, to the payment of or on account of the principal of (and premium, if any) and interest on such Notes, or (c) prevent the application by the Trustee or any Paying Agent of any moneys deposited prior to the happening of any event of default specified in Section 1303 1203 with the Trustee or such Paying Agent in trust for the purpose of paying a specified installment or installments of interest on the Notes, to the payment of such installments of interest on the Notes.

Payments on Notes Permitted. Nothing contained in this Article Thirteen Twelve or elsewhere in this Indenture, or in any of the Notes, shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except during the pendency of any dissolution, winding-up, liquidation of reorganization proceeding, and except during the continuance of any event of default specified in Section 1303 1203 (not cured or waived), payments at the Stated Maturity of principal of (and or premium, if any) and or interest on the Notes, or (b) prevent the application by the Trustee or any Paying Agent of any moneys held by the Trustee or such Paying Agent, in trust for the benefit of the Noteholders of Notes as to which notice of redemption shall have been mailed or published at least once prior to the happening of an event of default specified in Section 13031203, to the payment of or on account of the principal of (and premium, if any) and interest on such Notes, or (c) prevent the application by the Trustee or any Paying Agent of any moneys deposited prior to the happening of any event of default specified in Section 1303 1203 with the Trustee or such Paying Agent in trust for the purpose of paying a specified installment or installments of interest on the Notes, to the payment of such installments of interest on the Notes, or (d) prevent the application by the Trustee of the proceeds of the Key-man Insurance in accordance with Sections 1402 and 1403.

Payments on Notes Permitted. Nothing contained in this Article Thirteen Twelve or elsewhere in this Indenture, or in any of the Notes, shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except during the pendency of any dissolution, winding-up, liquidation or reorganization proceeding, and except during the continuance of any event of default specified in Section 1303 1203 (not cured or waived), payments at the Stated Maturity of principal of (and premium, if any) and or interest on the Notes, or (b) prevent the application by the Trustee or any Paying Agent of any moneys held by the Trustee or such Paying Agent, in trust for the benefit of the Noteholders Note Holders of Notes as to which notice of redemption shall have been mailed or published at least once prior to the happening of an event of default specified in Section 13031203, to the payment of or on account of the principal of (and premium, if any) and interest on such Notes, or (c) prevent the application by the Trustee or any Paying Agent of any moneys deposited prior to the happening of any event of default specified in Section 1303 1203, with the Trustee or such Paying Agent in trust for the purpose of paying a specified installment or installments of interest on the Notes, to the payment of such installments of interest on the Notes.