Common use of Article Twelve Not to Prevent Events of Default Clause in Contracts

Article Twelve Not to Prevent Events of Default. The failure to make a payment on account of principal, interest or sinking fund by reason of any provision of this Article Twelve shall not be construed as preventing the occurrence of an Event of Default under Section 501.

Appears in 6 contracts

Samples: Subordinated Indenture (Heftel Capital Trust Ii), Subordinated Indenture (Eex Corp), Junior Subordinated Indenture (Heftel Capital Trust Ii)

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Article Twelve Not to Prevent Events of Default. The failure to make a payment on account of principal, interest or sinking fund the Guarantees by reason of any provision of in this Article Twelve shall not be construed as preventing the occurrence of an Event of Default under Section 5016.01.

Appears in 2 contracts

Samples: Plains Resources Inc, Plains Resources Inc

Article Twelve Not to Prevent Events of Default. The failure to make a payment on account of principal, interest or sinking fund by reason of any provision of this Article Twelve shall not be construed as preventing the occurrence of an Event of Default under Section 501.. 92 84

Appears in 1 contract

Samples: Ccci Capital Trust Iii

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Article Twelve Not to Prevent Events of Default. The failure to make a payment on account of principal, interest or sinking fund by reason of any provision of this Article Twelve shall not be construed as preventing the occurrence of an Event of Default under Section 501.. 99 91

Appears in 1 contract

Samples: Ccci Capital Trust Iii

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