Common use of No Payment on Notes in Certain Circumstances Clause in Contracts

No Payment on Notes in Certain Circumstances. (a) If any default in the payment of any principal of or interest on or any other amount due in connection with any Senior Debt when due and payable, whether at maturity, upon any redemption, by declaration or otherwise, occurs and is continuing, no payment shall be

Appears in 2 contracts

Sources: Subordinated Note (Linens N Things Inc), Subordinated Note (Linens N Things Inc)