Suspension of Permitted Payments Sample Clauses

Suspension of Permitted Payments. Shareholder Liabilities), a member of the Borrower Group may make, and a Shareholder may receive, in respect, or on account, of the Shareholder Liabilities:

Suspension of Permitted Payments. No payment which would otherwise be permitted under Clause 7.2 (Permitted payments) may be made (or demand for payment made) if a Senior Default has occurred and Xxxxxxx SAS has received from the Facility Agent a notice in writing specifying that payments of Intra-Group Debt are suspended, until the earliest of: (a) the date on which Xxxxxxx SAS has received notice in writing from the Facility Agent that payment of all or part of the Intra-Group Debt is no longer suspended; (b) the date on which the relevant Senior Default has been waived or redeemed or has ceased to exist; and (c) the Senior Discharge Date.

Suspension of Permitted Payments. 8.1 XXXXX/ISSUER LOAN AGREEMENT (a) UK Xxxxx shall not make any payment permitted under Clause 7 (Permitted Payments) upon or in respect of the Xxxxx/Issuer Loan Agreement or to the Issuer if: (i) a default in the payment of any amount with respect to any Senior Debt occurs and is continuing (a "payment default") or (ii) a default, other than a payment default, occurs and is continuing with respect to Senior Debt that permits holders of the Senior Debt as to which such default relates to accelerate its maturity (a "non-payment default") and UK Xxxxx receives a notice of such non-payment default (an "Issuer Blockage Notice") from the Security Agent. (b) Payments on the Xxxxx/Issuer Loan Agreement may and shall be resumed upon the earliest of the date on which such default is cured or waived or ceases to exist and, if the Senior Debt has been accelerated, such acceleration has been rescinded or the date on which UK Xxxxx receives notice from the Security Agent terminating such Issuer Blockage Notice or the Senior Discharge Date on which such Senior Debt shall have been discharged or paid in full.

Suspension of Permitted Payments. Subject to Clause 5 (Subordination on insolvency), until the Senior Discharge Date, no Obligor may (and the Obligors shall ensure that no member of the Group will) make, and no Junior Finance Party may receive, any Permitted Payment without the prior consent of the Agent if a Default (as defined in the Senior Facility Agreement) has occurred and is continuing or would occur as a result of the relevant payment.

Suspension of Permitted Payments. (a) If a Payment Default occurs no payment or distribution may be made in respect of the Funding Loan unless and until the Payment Default has been remedied; (b) If an Event of Default other than a Payment Default occurs, no payment may be made in respect of the Funding Loan from the date the Facility Agent serves a notice on the Intra-Group Creditor and the Intra-Group Debtor suspending payments under the Funding Loan (a “Payment Blockage Notice”) until the earliest of: (i) the date falling 179 days after service of the Payment Blockage Notice; (ii) the date the Facility Agent notifies the Intra-Group Creditor and the Intra-Group Debtor that the Event of Default has been waived or remedied; and (iii) the Discharge Date; (c) The Facility Agent may not serve more than one Payment Blockage Notice in any period of 365 consecutive days.

Suspension of Permitted Payments. A Stop Notice is in force during the period from the date on which an Authorised Representative serves a notice (a Stop Notice) on KDG, the Bridge Agent and the Notes Trustee specifying that a Senior Default is outstanding and suspending payment of the Junior Restricted Group Debt, until the earlier of: (a) the date 179 days after the giving of the Stop Notice; (b) if a Standstill Period is in effect at the time of delivery of the Stop Notice, the date on which that Standstill Period expires; (c) the date on which the Senior Default concerned ceases to be outstanding; (d) the date on which an Authorised Representative by notice to KDG, the Bridge Agent and the Notes Trustee cancels the Stop Notice; or (e) the Senior Discharge Date, PROVIDED THAT: (i) no Authorised Representative may serve a Stop Notice unless: (A) an Instructing Group has instructed the relevant Authorised Representative to serve such Stop Notice; or (B) either;

Suspension of Permitted Payments. 14.1 EFFECT OF STOP NOTICE OR THE OCCURRENCE OF A STOP EVENT Any Obligor may make any payment in respect of the Mezzanine Liabilities, the Subordinated Liabilities or, as the case may be, the Mirror Note Liabilities as expressly permitted by Clause 12 (Permitted Payments) on the relevant payment date if, immediately prior to such payment being made: (a) no Stop Notice has been issued in accordance with Clause 14.2 (Right to issue a Stop Notice) which has not ceased to have effect under Clause 14.3 (Duration of a Stop Notice); or (b) no Stop Event has occurred and is continuing.

Suspension of Permitted Payments. 12.1 STOP NOTICES Any Intercreditor Obligor may make any payment in respect of the Mezzanine Liabilities permitted by Clause 10 (PERMITTED PAYMENTS) on the relevant payment date if, immediately prior to such payment being made, no Stop Notice has been issued to the Mezzanine Agent and copied to the Obligor's Agent in accordance with Clause 12.2 (RIGHT TO ISSUE A STOP NOTICE) or if a Stop Notice has been so issued, it has ceased to have effect under Clause 12.3 (DURATION OF EFFECT OF STOP NOTICE) provided that issuing the -22- Stop Notice shall not prevent any payment or transfer permitted pursuant to Clauses 10.1.1(a) or 10.1.2.

Suspension of Permitted Payments. Except in the case of: (a) a payment made in accordance with Clause 7.2 (Filing of Claims) or 7.3 (Filing by a Subordinated Creditor); or (b) a payment of any Indebtedness by a Material Subsidiary to the Company or any Subsidiary or the payment of dividends by a Material Subsidiary (and for the purposes of this Clause 5.2(b), the terms "Material Subsidiary", "Company", "Subsidiary" and "Indebtedness" shall have the meaning ascribed to them in the SCL Bonds); after the occurrence of an event described in Clause 7.1 (Subordination Events), no payment or receipt shall constitute a Permitted Payment if an event of default, potential event of default or other termination event under any Senior Finance Document has occurred or occurs as a result of that payment.

Suspension of Permitted Payments. SHAREHOLDER LIABILITIES