Common use of What Constitutes "Indenture Defaults Clause in Contracts

What Constitutes "Indenture Defaults. (a) Each of the following events shall constitute an "Indenture Default": (1) Default in the payment of the whole or any part of the principal or interest on any of the Outstanding Obligations when the same shall become due and payable, whether by reason of Maturity, redemption, acceleration or otherwise, or any default referred to in Section 6.08, and continuation of any such default for a period of 30 days (herein called a "Payment Default"); and (2) The giving of a Secretary's Notice to the Indenture Trustee.

What Constitutes "Indenture Defaults. (a) Each of the following events shall constitute an "“Indenture Default"”: (1) Default default in the payment of the whole or any part of the principal or interest on any of the Outstanding Obligations when the same shall become due and payable, whether by reason of Maturity, redemption, acceleration or otherwise, or any default referred to in Section 6.08, and continuation of any such default for a period of 30 days (herein called a "“Payment Default"”); and (2) The the giving of a Secretary's ’s Notice to the Indenture Trustee.