Common use of Rights of Trustee as a Holder of Senior Debt; Preservation of Trustee’s Rights Clause in Contracts

Rights of Trustee as a Holder of Senior Debt; Preservation of Trustee’s Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Debt which may at any time be held by it, to the same extent as any other holder of Senior Debt, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.

Appears in 2 contracts

Samples: Security Agreement (Park Place Entertainment Corp), Park Place Entertainment Corp

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Rights of Trustee as a Holder of Senior Debt; Preservation of Trustee’s Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Debt Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior DebtIndebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.

Appears in 2 contracts

Samples: Indenture (MGM Mirage), Indenture (MGM Grand Inc)

Rights of Trustee as a Holder of Senior Debt; Preservation of Trustee’s Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article 11 with respect to any Senior Debt which may at any time be held by it, to the same extent as any other holder of 110 119 Senior Debt, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article 11 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 7.07 hereof.

Appears in 1 contract

Samples: Purchase Agreement (Paxson Communications Corp)

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Rights of Trustee as a Holder of Senior Debt; Preservation of Trustee’s Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Debt which may at any time be held by it, to the same extent as any other holder of Senior Debt, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.. Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 7.07 hereof. 101 110

Appears in 1 contract

Samples: Indenture (Wright Bilt Corp)

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