Common use of Obligations of the Company Unconditional Clause in Contracts

Obligations of the Company Unconditional. Nothing contained in this Article Twelve or elsewhere in this Indenture or in any Security of any series is intended to or shall impair, as between the Company, its creditors (other than the holders of Senior Indebtedness) and the Holders of Securities of any series and the coupons, if any, appertaining thereto, the obligation of the Company, which is absolute and unconditional, to pay to the Holders the principal of and interest on, the Securities of such series and the coupons, if any, appertaining thereto, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of such Holders and creditors of the Company (other than the holders of Senior Indebtedness), nor shall anything herein or therein prevent the Trustee or any such Holder 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 Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy.

Obligations of the Company Unconditional. Nothing contained in this Article Twelve or elsewhere in this Indenture or in any Security of any series Agreement is intended to or shall impair, as between among the Company, its creditors (other than the holders Holder(s) of the Senior Indebtedness) Notes, and the Holders of Securities of any series and the coupons, if any, appertaining theretoSubordinate Notes, the obligation of the Company, which is absolute and unconditional, to pay to the Holders holders of the Subordinate Notes, the principal of and interest onof, the Securities of such series and the coupons, prepayment premium (if any, appertaining thereto, ) and any interest on and all other amounts due in respect of the Subordinate 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 such Holders the holders of the Subordinate Notes and creditors of the Company (other than the holders holder(s) of the Senior Indebtedness)Note, nor shall anything herein or therein prevent the Trustee or any such Holder holders of the Subordinate Notes from exercising all remedies otherwise permitted by applicable law upon default under this Indentureany Basic Document, subject to the rights, if any, under this Article of the holders of Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy.

Obligations of the Company Unconditional. Nothing contained in this Article Twelve IV or elsewhere in this Indenture or in any Security of any series Debenture is intended to or shall impair, as between among the Company, its creditors (other than the holders of Senior Indebtedness) , and the Holders of Securities of any series and the coupons, if any, appertaining theretoHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders the principal of and interest onPrincipal Amount, the Securities of such series and the couponsIssue Price, accrued Original Issue Discount, accrued Liquidated Damages, if any, appertaining theretoRedemption Price, Purchase Price, Change in Control Purchase Price on the Debentures, as and when the same shall become due and payable in accordance with their termsthe terms of the Debentures, or to affect the relative rights of such the Holders and other creditors of the Company (other than the holders of Senior Indebtedness), nor shall anything herein or therein prevent the Trustee or any such Holder from exercising all remedies otherwise permitted by applicable law upon default the happening of an Event of Default under this Indenture, subject to the provisions of Article VIII, and the rights, if any, under this Article IV of the holders of Senior Indebtedness in respect of assets, whether in cash, property or securities securities, of the Company received upon the exercise of any such remedy.

Obligations of the Company Unconditional. Nothing contained in this Article Twelve or elsewhere in this Indenture or in any Security of any series is intended to or shall impair, as between the Company, its creditors (other than the holders of Senior Indebtedness) and the Holders of Securities of any series and the coupons, if any, appertaining thereto, the obligation of the Company, which is absolute and unconditional, to pay to the Holders the principal of and interest on, the Securities of such any series and the coupons, if any, appertaining thereto, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of such Holders and creditors of the Company (other than the holders of Senior Indebtedness), nor shall anything herein or therein prevent the Trustee or any such Holder 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 Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy.