Common use of Outstanding Senior Notes Clause in Contracts

Outstanding Senior Notes. Senior Notes outstanding at any time are all Senior Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation and those described in this Section 2.8 as not outstanding. A Senior Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Senior Note. If a Senior Note is replaced pursuant to Section 2.7, it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Senior Note is held by a bona fide purchaser. If the Paying Agent segregates and holds in trust, in accordance with this Indenture, on a maturity date money sufficient to pay all principal and interest payable on that date with respect to the Senior Notes (or portions thereof) to be maturing, and the Paying Agent is not prohibited from paying such money to the Noteholders on that date pursuant to the terms of this Indenture, then on and after that date such Senior Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue.

Outstanding Senior Notes. The Senior Notes outstanding at any time are all the Senior Notes authenticated by the Trustee except for those canceled cancelled by it, those delivered to it for cancellation cancellation, and those described in this Section 2.8 as not outstanding. A Except as set forth in Section 2.09 hereof, a Senior Note does not cease to be outstanding because the Company an Issuer or an Affiliate of the Company an Issuer holds the Senior Note. If a Senior Note is replaced pursuant to Section 2.72.07 hereof, it ceases to be outstanding unless the Trustee and the Company receive receives proof satisfactory to them it that the replaced Senior Note is held by a bona fide purchaser. If the principal amount of any Senior Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent segregates and holds in trust(other than an Issuer, in accordance with this Indenturea Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date date, money sufficient to pay all principal and interest Senior Notes payable on that date with respect to the Senior Notes (or portions thereof) to be maturing, and the Paying Agent is not prohibited from paying such money to the Noteholders on that date pursuant to the terms of this Indenturedate, then on and after that date such Senior Notes (or portions thereof) shall be deemed to be no longer outstanding and shall cease to be outstanding and interest on them ceases to accrueaccrue interest.