Priority of Senior Indebtedness of the Corporation Upon Maturity. Upon the maturity of the principal of any Senior Indebtedness of the Corporation by lapse of time, acceleration or otherwise, all matured principal of Senior Indebtedness of the Corporation and interest and premium, if any, thereon shall first be paid in full before any payment of principal or interest, if any, is made upon the Notes or before any Notes can be acquired by the Corporation.
Appears in 4 contracts
Samples: PPL Electric Utilities Corp, Pp&l Capital Funding Inc, Pp&l Capital Funding Inc
