Common use of SECTION 1308 Clause in Contracts

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71

Appears in 2 contracts

Sources: Indenture (Pennzoil Products Co), Indenture (Pennzoil Quaker State Co)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 ..................................................... 48 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 ........................................ 48 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71............................................. 49

Appears in 2 contracts

Sources: Indenture (Noble Corp), Indenture (Noble Drilling Corp)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 . ...................................................... 49 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 ........................................ 49 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71............................................. 49 SECTION 1311. Article Thirteen Not to Prevent Events of Default........................................ 49

Appears in 1 contract

Sources: Indenture (Noble Drilling Corp)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 ............71 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 ............72 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71.................72 SECTION 1311. Article Thirteen Not to Prevent Events of Default............72

Appears in 1 contract

Sources: Indenture (Key Energy Services Inc)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 ........................81 SECTION 1309. Noteholders Authorize Trustee to To Effectuate Subordination of Securities..............................71 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71Notes.....................81

Appears in 1 contract

Sources: Indenture (Bec Group Inc)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 ............... 66 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71........... 67

Appears in 1 contract

Sources: Indenture (Transocean Offshore Inc)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 ....................................................................66 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 .................................................66 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71......................................................66 SECTION 1311. Article Thirteen Not to Prevent Events of Default.................................................67

Appears in 1 contract

Sources: Indenture (Transocean Sedco Forex Inc)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness.................................................................................................................................70 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 .................................................70 SECTION 1310. Right of Trustee to Hold Senior Indebtedness.........................................................................................71 SECTION 1311. Article Thirteen Not to Prevent Events of Default.................................................71

Appears in 1 contract

Sources: Indenture (Grey Wolf Inc)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 ....................................................... 49 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 ........................................ 49 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71............................................. 49 SECTION 1311. Article Thirteen Not to Prevent Events of Default........................................ 49

Appears in 1 contract

Sources: Indenture (Noble Drilling Corp)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company Company, the Guarantors or Holders of Senior Indebtedness......................................70 Indebtedness ....75 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 Securities ............76 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71Indebtedness .................76 SECTION 1311. Article Thirteen Not to Prevent Events of Default ............76

Appears in 1 contract

Sources: Indenture (Key Energy Services Inc)

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness......................................70 .......................................65 SECTION 1309. Trustee to Effectuate Subordination of Securities..............................71 SECTION 1310. Right of Trustee to Hold Senior Indebtedness...................................71................................65

Appears in 1 contract

Sources: Indenture (Veritas DGC Inc)