Common use of No Payment in Certain Circumstances Clause in Contracts

No Payment in Certain Circumstances. Until the final maturity date of the Senior Secured Obligations, and without limitation to the rights of the Secured Parties under the terms of the Financing Documents: 3.1 upon any distribution or application of the assets of the Issuer in connection with any liquidation, dissolution or other proceeding for the winding up of the Issuer (whether partial or complete) or any proceeding for insolvency or bankruptcy (whether voluntary or involuntary) or any receivership, reorganization or other similar case or proceeding in connection therewith, or any assignment for the benefit of creditors or arrangement with creditors, whether or not pursuant to the insolvency, bankruptcy or similar laws of any jurisdiction, or the sale of all or substantially all of the assets of the Issuer or any other marshalling of assets and liabilities of the Issuer:

No Payment in Certain Circumstances. Until the final maturity date of the Senior Secured Obligations, and without limitation to the rights of the Secured Parties under the terms of the Financing Documents: 3.1 : upon any distribution or application of the assets of the Issuer Borrower in connection with any liquidation, dissolution or other proceeding for the winding up of the Issuer Borrower (whether partial or complete) or any proceeding for insolvency or bankruptcy (whether voluntary or involuntary) or any receivership, reorganization or other similar case or proceeding in connection therewith, or any assignment for the benefit of creditors or arrangement with creditors, whether or not pursuant to the insolvency, bankruptcy or similar laws of any jurisdiction, or the sale of all or substantially all of the assets of the Issuer Borrower or any other marshalling marshaling of assets and liabilities of the IssuerBorrower: