Senior Note Defaults Clause Samples

Senior Note Defaults. The Borrower or any of its Subsidiaries shall fail to pay any part of the principal of, the premium, if any, or the interest on, or any other payment of money due under the Senior Notes beyond any period of grace provided with respect thereto; or any breach, default or event of default shall occur, or any other condition shall exist under any instrument, agreement or indenture pertaining to the Senior Notes, beyond any period of grace, if any, provided with respect thereto, if the effect thereof is to cause an acceleration, mandatory redemption, a requirement that the Borrower offer to purchase the Indebtedness evidenced by the Senior Notes or other required repurchase of such Indebtedness, or permit the Noteholder to accelerate the maturity of any such Indebtedness or require a redemption or other repurchase of such Indebtedness; or any such Indebtedness evidenced by the Senior Notes shall be otherwise declared to be due and payable (by acceleration or otherwise) or required to be prepaid, redeemed or otherwise repurchased by the Borrower or any of its Subsidiaries (other than by a regularly scheduled required prepayment and other than any prepayment required under Section 3.1(a) of the Master Note Agreement) prior to the stated maturity thereof.