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 under the Group Guarantee on account of Principal of or interest on the Securities by reason of any provision of this Article Twelve shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.1 or in any way prevent the Holders from exercising any right hereunder other than the right to receive payment under the Group Guarantee on the Securities.

Appears in 2 contracts

Samples: Credit Suisse (Credit Suisse Group Capital (Delaware) Trust II), Credit Suisse (Credit Suisse Group Capital (Delaware) Trust II)

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Article Twelve Not to Prevent Events of Default. The failure to make a payment under the Group Guarantee on account of Principal of or interest on the Securities by reason of any provision of this Article Twelve shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.1 6.01 or in any way prevent the Holders from exercising any right hereunder other than the right to receive payment under the Group Guarantee on the Securities.

Appears in 2 contracts

Samples: Supplemental Indenture (Credit Suisse Group Capital (Delaware) Trust II), Supplemental Indenture (Credit Suisse Group Capital (Delaware) Trust II)

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Article Twelve Not to Prevent Events of Default. The failure to make a payment under the Group Guarantee on account of Principal principal of or interest on the Securities by reason of any provision of this Article Twelve shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.1 or in any way prevent the Holders from exercising any right hereunder other than the right to receive payment under the Group Guarantee on the Securities.

Appears in 1 contract

Samples: Indenture (Us Foodservice/Md/)

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