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

Suspension of Payment When Senior Indebtedness in Default. The Company may not make any payment upon or distribution in respect of the Subordinated Note Obligations (other than (i) securities that are subordinated to at least the same extent as the Notes to (a) Senior Indebtedness and (b) any securities issued in exchange for Senior Indebtedness and (ii) payments and other distributions made from the trusts described in Article Twelve) until all Senior Indebtedness has been paid in full in cash equivalents if:

Suspension of Payment When Senior Indebtedness in Default. (a) The Company may not pay principal of, premium, if any, or interest on, the Securities or make any payment upon deposit pursuant to the provisions described under "Defeasance" and may not otherwise purchase, redeem or distribution in respect of otherwise retire any Securities (collectively, "pay the Subordinated Note Obligations (other than (iSecurities") securities that are subordinated to at least the same extent as the Notes to (a) Senior Indebtedness and (b) any securities issued in exchange for Senior Indebtedness and (ii) payments and other distributions made from the trusts described in Article Twelve) until all Senior Indebtedness has been paid in full in cash equivalents if:

Suspension of Payment When Senior Indebtedness in Default. The Company may not make any payment upon or distribution in respect of the Subordinated Note Obligations (other than (i) securities that are subordinated to at least the same extent as the Notes to (a) Senior Indebtedness and (b) any securities issued in exchange for Senior Indebtedness and (ii) payments and other distributions made from the trusts described in Article Four and Article Twelve) until all Senior Indebtedness has been paid in full in cash equivalents if:

Suspension of Payment When Senior Indebtedness in Default. (a) The Company may not pay principal of, or premium or Liquidated Damages, if any, or interest on, the Securities or make any payment upon deposit pursuant to the provisions described under "Defeasance" and may not otherwise purchase, redeem or distribution in respect of otherwise retire any Securities (collectively, "pay the Subordinated Note Obligations (other than (iSecurities") securities that are subordinated to at least the same extent as the Notes to (a) Senior Indebtedness and (b) any securities issued in exchange for Senior Indebtedness and (ii) payments and other distributions made from the trusts described in Article Twelve) until all Senior Indebtedness has been paid in full in cash equivalents if:

Suspension of Payment When Senior Indebtedness in Default. (a) The Company may not pay principal of, premium, if any, or interest on, the Notes or make any payment upon deposit pursuant to the provisions described under "Defeasance" and may not otherwise purchase or distribution in respect of retire any Notes (collectively, "pay the Subordinated Note Obligations (other than (iNotes") securities that are subordinated to at least the same extent as the Notes to (a) Senior Indebtedness and (b) any securities issued in exchange for Senior Indebtedness and (ii) payments and other distributions made from the trusts described in Article Twelve) until all Senior Indebtedness has been paid in full in cash equivalents if:

Suspension of Payment When Senior Indebtedness in Default. The Company may not make any payment upon or distribution in respect of the Subordinated Note Obligations (other than (i) securities that are subordinated to at least the same extent as the Notes to (a) Senior Indebtedness and (b) any securities issued in exchange for Senior Indebtedness and (ii) payments and other distributions made from the trusts described in Article Twelve) until all Senior Indebtedness has been paid in full in cash equivalents if: