Common use of Obligation of Company Unconditional Clause in Contracts

Obligation of Company Unconditional. Nothing contained in this Article or elsewhere in this Indenture or in the Notes is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Debt, and the Holders of the Notes, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Notes the principal of (and premium, if any) and interest on the Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Notes and creditors of the Company other than the holders of Senior Debt, nor shall anything herein or therein prevent the Trustee or the Holder of any Note from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy.

Obligation of Company Unconditional. Nothing contained in this Article or elsewhere in this Indenture Indenture, or in the Notes Securities of any series, is intended to or shall alter or impair, as between the Company, its creditors other than the holders of Senior DebtIndebtedness, and the Holders of the NotesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Notes the principal of (and premium, if any) and interest on the Notes Securities, as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Notes and creditors of the Company other than the holders of the Senior DebtIndebtedness, nor shall anything herein or therein prevent the Trustee or the Holder of any Note Holders from exercising all remedies otherwise permitted by applicable law upon default an Event of Default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Debt Indebtedness in respect of cash, property or securities of the Company received otherwise payable or delivered to the Trustee or the Holders upon the exercise of any such remedy.

Obligation of Company Unconditional. (a) Nothing contained in this Article or elsewhere in this Indenture or in the Notes is intended to or shall impair, as between the Company, its creditors other than the holders of Senior DebtIndebtedness, and the Holders of the Notes, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Notes the principal of (and premium, if any) and interest on the Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Notes and creditors of the Company other than the holders of Senior DebtIndebtedness, nor shall anything herein or therein prevent the Trustee or the Holder of any Note from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Debt Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy.