Common use of Restrictions on Certain Payments, Including on Deferral of Interest Clause in Contracts

Restrictions on Certain Payments, Including on Deferral of Interest. If there shall have occurred and be continuing any event that, with the giving of notice or the lapse of time, or both, would be an Event of Default with respect to the Series B Debentures of which the Company shall have actual knowledge and which the Company shall not have taken reasonable steps to cure; the Series B Debentures shall be held by the Trust and the Company shall be in default with respect to its payment of any obligations under the Guarantee; or the Company shall have given notice of its election to begin a Deferral Period with respect to the Series B Debentures as provided herein and shall not have rescinded such notice, and such Deferral Period, or any extension thereof, shall be continuing, then the Company covenants and agrees with the Holders that it shall not:

Restrictions on Certain Payments, Including on Deferral of Interest. If there shall have occurred and be continuing any event that, with the giving of notice or the lapse of time, or both, would be an Event of Default with respect to the Series B A Debentures of which the Company shall have actual knowledge and which the Company shall not have taken reasonable steps to cure; the Series B A Debentures shall be held by the Trust and the Company shall be in default with respect to its payment of any obligations under the Guarantee; or the Company shall have given notice of its election to begin a Deferral Period with respect to the Series B A Debentures as provided herein and shall not have rescinded such notice, and such Deferral Period, or any extension thereof, shall be continuing, then the Company covenants and agrees with the Holders that it shall not: