Common use of Suspension of Payment When Senior Indebtedness in Default Clause in Contracts

Suspension of Payment When Senior Indebtedness in Default. (i) Upon the occurrence of a default in the payment when due (after giving effect to any grace period) of principal, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), no payment or distribution of any assets of the --------------- Borrower or any of its subsidiaries of any kind or character shall be made by or on behalf of the Borrower on account of principal of, premium, if any, or interest on, or any other amounts in respect of, the Subordinated Indebtedness or on account of the purchase, redemption or other acquisition of any Subordinated Indebtedness unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such Senior Indebtedness as to which such Payment Default relates shall have been discharged or paid in full in cash, after which the Borrower shall resume making any and all required payments in respect of the Subordinated Indebtedness, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (ia) Upon Unless Section 1202 shall be applicable, upon the occurrence of a default in the payment when due (after giving effect to any grace period) of principal, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), no payment or distribution of any assets of the --------------- Borrower or any of its subsidiaries Company of any kind or character (excluding Permitted Junior Securities) shall be made by or on behalf of the Borrower Company on account of principal of, premium, if any, or interest (including Contingent Cash Interest and Additional Interest) on, the Securities or any other amounts in respect of, the Subordinated Indebtedness Indenture Obligations or on account of the purchase, redemption redemption, or other acquisition of any Subordinated Indebtedness or in respect of the Securities unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such the Designated Senior Indebtedness as with respect to which such Payment Default relates shall have occurred shall have been discharged or paid in full in cashcash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, after which the Borrower Company shall resume making any and all required payments in respect of the Subordinated IndebtednessSecurities, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (ia) Upon Unless Section 8.02 shall be applicable, upon (1) the occurrence of a default in Payment Default and (2) receipt by the payment when due (after giving effect to any grace period) Trustee from the Company or the holders of principal, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default")of written notice of such occurrence, then no payment or distribution of any assets of the --------------- Borrower or Company of any of its subsidiaries of any kind or character (excluding Permitted junior Securities) shall be made by or on behalf of the Borrower Company on account of principal of, or premium, if any, or interest on, or any other amounts in respect of, on the Senior Subordinated Indebtedness Notes or on account of the purchase, purchase or redemption or other acquisition of any the Senior Subordinated Indebtedness Notes unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such Senior Indebtedness as to which such Payment Default relates indebtedness shall have been discharged or paid in full in cashor payment thereof provided for, after which the Borrower Company shall resume making any and all required payments in respect of the Senior Subordinated IndebtednessNotes, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (i) Upon Unless Section 1302 hereof shall be applicable, upon (a) the occurrence of a default in Payment Event of Default and (b) receipt by the payment when due (after giving effect to any grace period) Trustee of principalwritten notice of such occurrence, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), then no payment or distribution of any assets Properties of the --------------- Borrower or any of its subsidiaries Company of any kind or character (other than Permitted Junior Securities or from any defeasance trust created pursuant to Article Four hereto) shall be made by or on behalf of the Borrower Company on account of principal of, of (or premium, if any, on) or interest on, or any other amounts in respect of, on the Subordinated Indebtedness Securities or on account of the purchase, purchase or redemption or other acquisition of any Subordinated Indebtedness Securities unless and until such Payment Event of Default shall have been cured or waived in writing or shall have ceased to exist or such Senior Indebtedness as to which such Payment Default relates shall have been discharged or paid in full in cashor otherwise discharged, after which the Borrower Company shall resume making any and all required payments in respect of the Subordinated IndebtednessSecurities, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (i) Upon Unless Section 12.02 hereof shall be applicable, upon (a) the occurrence of a default in Payment Event of Default and (b) receipt by the payment when due (after giving effect to any grace period) Trustee of principalwritten notice of such occurrence, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), then no payment or distribution of any assets Properties of the --------------- Borrower or any of its subsidiaries Company of any kind or character (other than Permitted Junior Securities or from any defeasance trust created pursuant to Article XI hereto) shall be made by or on behalf of the Borrower Company on account of principal of, of (or premium, if any, on) or interest on, or any other amounts in respect of, on the Subordinated Indebtedness Debt Securities or on account of the purchase, purchase or redemption or other acquisition of any Subordinated Indebtedness Debt Securities unless and until such Payment Event of Default shall have been cured or waived in writing or shall have ceased to exist or such Senior Indebtedness as to which such Payment Default relates shall have been discharged or paid in full in cashor otherwise discharged, after which the Borrower Company shall resume making any and all required payments in respect of the Subordinated IndebtednessDebt Securities, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (ia) Upon Unless Section 1316 shall be applicable, upon the occurrence of a default in the payment when due (after giving effect to any grace period) of principal, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), no payment (other than any payments previously made pursuant to the provisions described in Article Four) or distribution of any assets of the --------------- Borrower or any of its subsidiaries Company of any kind or character (excluding Permitted Xxxxxxxx Xxxxxx Securities) shall be made by or on behalf of the Borrower Company on account of principal of, premium, if any, or interest on, the KDSM Senior Debentures or any other amounts in respect of, the Subordinated Indebtedness Indenture Obligations or on account of the purchase, redemption redemption, defeasance (whether under Section 402 or 403) or other acquisition of any Subordinated Indebtedness or in respect of the KDSM Senior Debentures unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such the Designated Xxxxxxxx Senior Indebtedness as with respect to which such Payment Default relates shall have occurred shall have been discharged or paid in full in cashcash or Cash Equivalents or in any other form as acceptable to the Holders of Xxxxxxxx Senior Indebtedness, after which the Borrower Company shall resume making any and all required payments in respect of the Subordinated IndebtednessSecurities, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (ia) Upon Unless Section 4.03 shall be applicable, upon (1) the occurrence of a default in Payment Default and (2) receipt by the Trustee and the Company from the Representatives of written notice of such occurrence, then no direct or indirect payment when due (after giving effect other than payments previously made pursuant to any grace periodArticle Nine hereof) of principal, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), no payment or distribution of any assets of the --------------- Borrower or any of its subsidiaries Company of any kind or character shall be made by or on behalf of the Borrower Company on account of principal of, premium, if any, or interest on, or any other amounts in respect of, the Subordinated Indebtedness Obligations on the Securities or on account of the purchase, purchase or redemption or other acquisition of any Subordinated Indebtedness Securities whether pursuant to the terms of the Securities or upon acceleration or otherwise unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such Designated Senior Indebtedness or Significant Senior Indebtedness, as the case may be, as to which such Payment Default relates shall have been discharged or paid in full in cashcash or Cash Equivalents, after which the Borrower Company shall resume making any and all required payments in respect of the Subordinated IndebtednessSecurities, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (i) Upon the occurrence of a default in the payment when due (after giving effect to any grace period) of principal, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), no payment or distribution of any assets of the --------------- Borrower or any of its subsidiaries of any kind or character shall be made by or on behalf of the Borrower on account of principal of, premium, if any, or interest on, or any other amounts in respect of, the Subordinated Indebtedness or on account of the purchase, redemption or other acquisition of any Subordinated Indebtedness unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such Senior Indebtedness as to which such Payment Default relates shall have been discharged or paid in full in cash, after which the Borrower Bor rower shall resume making any and all required payments in respect of the Subordinated Indebtedness, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (ia) Upon Unless Section 12.02 shall be applicable, upon the occurrence and continuation of a default in Payment Default beyond the payment when due (after giving effect to any applicable grace period) of principal, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), no payment (other than any payments previously made pursuant to the provisions described in Article IV) or distribution of any assets of the --------------- Borrower or any of its subsidiaries Publishing of any kind or character (excluding Permitted Junior Securities) shall be made by or on behalf of the Borrower Publishing on account of principal of, premium, if any, or interest on, or any other amounts in respect of, the Subordinated Indebtedness Securities or on account of the purchase, redemption redemption, defeasance or other acquisition of any Subordinated Indebtedness or in respect of the Securities unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such the Designated Senior Indebtedness as to which such Payment Default relates shall have been discharged or 146 146 paid in full in cashcash or Cash Equivalents, or in any other manner acceptable to the requisite holders of such Designated Senior Indebtedness, after which the Borrower Publishing shall resume making any and all required payments in respect of the Subordinated IndebtednessSecurities, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (ia) Upon Unless Section 12.02 shall be applicable, upon the occurrence and continuation of a default in Payment Default beyond the payment when due (after giving effect to any applicable grace period) of principal, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), no payment (other than any payments previously made pursuant to the provisions described in Article IV) or distribution of any assets of the --------------- Borrower or any of its subsidiaries Publishing of any kind or character (excluding Permitted Junior Securities) shall be made by or on behalf of the Borrower Publishing on account of principal of, premium, if any, or interest on, or any other amounts in respect of, the Subordinated Indebtedness Securities or on account of the purchase, redemption redemption, defeasance or other acquisition of any Subordinated Indebtedness or in respect of the Securities unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such the Designated Senior Indebtedness as to which such Payment Default relates shall have been discharged or paid in full in cashcash or Cash Equivalents, or in any other manner acceptable to the requisite holders of such Designated Senior Indebtedness, after which the Borrower Publishing shall resume making any and all required payments in respect of the Subordinated IndebtednessSecurities, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (ia) Upon Unless Section 1202 shall be applicable, upon (1) the occurrence of a default in Payment Default and (2) receipt by the payment when due (after giving effect to any grace period) Trustee and the Company from a Senior Representative of principalwritten notice of such occurrence, premium, if any, or interest on, or any other amounts in respect of, any Senior Indebtedness (a "Payment Default"), then no payment (other than any payments made pursuant to Article Four which have been deposited with the Trustee for at least 91 days) or distribution of any assets of the --------------- Borrower or any of its subsidiaries Company of any kind or character (excluding Permitted Junior Securities) shall be made by or on behalf of the Borrower Company on account of principal of, premium, if any, or interest on, or any other amounts in respect of, the Subordinated Indebtedness Securities or on account of the purchase, redemption or other acquisition of any Subordinated Indebtedness or in respect of the Securities unless and until such Payment Default shall have been cured or waived or shall have ceased to exist or such the Designated Senior Indebtedness as to which such Payment Default relates shall have been discharged or paid in full in cashfull, after which the Borrower Company shall resume making any and all required payments in respect of the Subordinated IndebtednessSecurities, including any missed payments.

Suspension of Payment When Senior Indebtedness in Default. (ia) Upon Unless Section 1502 shall be applicable, upon (1) the occurrence of a any default in the payment when due (after giving effect to any grace period) of principal, (premium, if any, ) or interest on, or on any other amounts in respect of, any Specified Senior Indebtedness beyond any applicable grace period with respect thereto (a "Payment Event of Default")) and (2) receipt by the Trustee from the Agent or any other representative of any holder of Specified Senior Indebtedness of written notice of such occurrence, no payment or distribution of any assets of the --------------- Borrower or any of its subsidiaries Company of any kind or character shall be made by or on behalf of the Borrower Company on account of principal of, of (or premium, if any, ) or interest on, or any other amounts in respect of, on the Subordinated Indebtedness Notes or on account of the purchase, purchase or redemption or other acquisition of any Subordinated Indebtedness Notes unless and until such Payment Event of Default shall have been cured or waived in writing or shall have ceased to exist or such Senior Indebtedness as to which such Payment Default relates shall have been discharged or paid in full in cashdischarged, after which the Borrower Company shall resume making any and all required payments in respect of the Subordinated IndebtednessNotes, including any missed payments.