Payment Blockage Notice

Example Definitions of "Payment Blockage Notice"
Payment Blockage Notice. The meaning assigned thereto in the DEBT INDENTURE or in any indenture governing NOTE INDENTURE OBLIGATIONS.
Payment Blockage Notice. Means a notice by the Senior Debt Agent (a) stating that one or more Events of Default shall have occurred and be continuing under (and as defined in) the applicable Senior Debt Document (and listing such Events of Default(s) in reasonable detail), and (b) directing that all payments under this Note be subject to Section 3(b).
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