Common use of Effect on Senior Indebtedness Clause in Contracts

Effect on Senior Indebtedness. No supplemental indenture shall adversely affect the rights of the holders of Senior Indebtedness under Article XIV hereof or the holders of Guarantor Senior Indebtedness under Sections 13.8, 13.9, 13.10, 13.11, 13.13, 13.14, 13.15, 13.16 and 13.19 hereof unless expressly consented to in writing by or on behalf of such holders (or by any specified percentage of holders of a class of Senior Indebtedness or Guarantor Senior Indebtedness, as the case may be, required to consent thereto pursuant to the terms of the agreement or instrument creating, evidencing or governing such Senior Indebtedness or Guarantor Senior Indebtedness, as the case may be), in which event such supplemental indenture shall be binding on all successors and assigns of such holders and on all Persons who become holders of such Senior Indebtedness or Guarantor Senior Indebtedness issued after the date of such amendment or modification.

Appears in 2 contracts

Samples: Indenture (Nuevo Energy Co), Nuevo Energy Co

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Effect on Senior Indebtedness. No supplemental indenture shall will adversely affect the rights of the holders of Senior Indebtedness under Article XIV 14 hereof or the holders of Guarantor ---------- Senior Indebtedness under Sections 13.8, 13.9, 13.10, 13.8 - 13.11, 13.1313.13 - 13.16, 13.14, 13.15, 13.16 and 13.19 hereof ----------------------------------------------- unless expressly consented to in writing by or on behalf of such holders (or by any specified percentage of holders of a class of Senior Indebtedness or Guarantor Senior Indebtedness, as the case may be, required to consent thereto pursuant to the terms of the agreement or instrument creating, evidencing or governing such Senior Indebtedness or Guarantor Senior Indebtedness, Indebtedness as the case may be), in which event such supplemental indenture shall will be binding on all successors and assigns of such holders and on all Persons persons who become holders of such Senior Indebtedness or Guarantor Senior Indebtedness issued after the date of such amendment or modification.

Appears in 1 contract

Samples: Indenture (Pan American Energy Finance Corp)

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Effect on Senior Indebtedness. No supplemental indenture shall adversely affect the rights of the holders of Senior Indebtedness under Article XIV hereof or the holders of Guarantor Senior Indebtedness under Sections 13.8, 13.9, 13.10, 13.11, 13.13, 13.14, 13.15, 13.16 and 13.19 hereof unless expressly consented to in writing by or on behalf of such holders (or by any specified percentage of holders of a class of Senior Indebtedness or Guarantor Senior Indebtedness, as the case may be, required to consent thereto pursuant to the terms of the agreement or instrument creating, evidencing or governing such Senior Indebtedness or Guarantor Senior Indebtedness, Indebtedness as the case may be), in which event such supplemental indenture shall be binding on all successors and assigns of such holders and on all Persons persons who become holders of such Senior Indebtedness or Guarantor Senior Indebtedness issued after the date of such amendment or modification.

Appears in 1 contract

Samples: Indenture (Bellwether Exploration Co)

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