Common use of Deferrals of Interest Payment Dates Clause in Contracts

Deferrals of Interest Payment Dates. If specified as contemplated by Section 201 or 301 with respect to the Securities of a particular series, so long as no Event of Default has occurred and is continuing, the Company shall have the right, at any time during the term of such series, from time to time to defer the payment of interest on such Securities for such period or periods as may be specified as contemplated by Section 301 (each, an "Extension Period"), during which Extension Periods the Company shall have the right to make partial payments of interest on any Interest Payment Date. No Extension Period shall end on a date other than an Interest Payment Date. At the end of any such Extension Period the Company shall pay all interest then accrued and unpaid on the Securities; provided, however, that during any such Extension Period, the Company shall not, and shall not permit any Subsidiary to, (a) declare or pay any dividend on, make any distributions with respect to, or redeem, purchase or make a liquidation payment with respect to, any of the Company's capital stock or (b) make any payment of principal, interest or premium, if any, on or repay, repurchase or redeem any debt securities (including guarantees) issued by the Company (including

Deferrals of Interest Payment Dates. If specified as contemplated by Section 201 2.1 or 301 Section 3.1 with respect to the Securities of a particular series, so long as no Event of Default has occurred and is continuing, the Company shall have the right, at any time during the term of such series, from time to time to defer the payment of interest on such Securities for such period or periods as may be specified as contemplated by Section 301 3.1 (each, an "Extension PeriodEXTENSION PERIOD"), during . During which Extension Periods the Company shall have the right to make partial payments of interest on any Interest Payment Date. No Extension Period shall end on a date other than an Interest Payment Date. At the end of any such Extension Period Period, the Company shall pay all interest then accrued and unpaid on the SecuritiesSecurities (together with Additional Interest thereon, if any, at the rate specified for the Securities of such series to the extent permitted by applicable law); providedPROVIDED, howeverHOWEVER, that no Extension Period shall extend beyond the Stated Maturity of the principal of the Securities of such series; PROVIDED, FURTHER, that during any such Extension Period, the Company shall not, and shall not permit any Subsidiary to, (ai) declare or pay any dividend dividends or distributions on, make any distributions with respect to, or redeem, purchase purchase, acquire or make a liquidation payment with respect to, any of the Company's capital stock or (b) make any payment of principal, interest or premium, if any, on or repay, repurchase or redeem any debt securities (including guarantees) issued by the Company (includingwhich includes common and preferred stock),