Common use of Subordination May Not Be Impaired by Subsidiary Guarantor Clause in Contracts

Subordination May Not Be Impaired by Subsidiary Guarantor. No right of any holder of Guarantor Senior Debt to enforce the subordination of the Indebtedness evidenced by the Note Guarantees shall be impaired by any act or failure to act by the Subsidiary Guarantors or any Holder or by the failure of the Subsidiary Guarantors or any Holder to comply with this Indenture. Without in any way limiting the generality of the foregoing paragraph, the holders of Guarantor Senior Debt, or any of them, may, at any time and from time to time, without the consent of or notice to the Holders of the Note Guarantees, without incurring any liabilities to any Holder of any Note Guarantees and without impairing or releasing the subordination and other benefits provided in this Indenture or the obligations of the Holders of the Note Guarantees to the holders of the Guarantor Senior Debt, even if any right of reimbursement or subrogation or other right or remedy of any Holder of Note Guarantees is affected, impaired or extinguished thereby, do any one or more of the following:

Appears in 3 contracts

Samples: Supplemental Indenture (Apcoa Inc), Supplemental Indenture (Century Parking Inc), Standard Parking Ii LLC

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Subordination May Not Be Impaired by Subsidiary Guarantor. No right of any holder of Guarantor Senior Debt of any Subsidiary Guarantor to enforce the subordination of the Indebtedness evidenced by the Note Subsidiary Guarantees shall be impaired by any act or failure to act by the such Subsidiary Guarantors Guarantor or any Holder or by the failure of the such Subsidiary Guarantors Guarantor or any Holder to comply with this Indenture. Without in any way limiting the generality of the foregoing paragraph, the holders of Guarantor Senior DebtDebt of any Subsidiary Guarantor, or any of them, may, at any time and from time to time, without the consent of or notice to the Holders of the Note Subsidiary Guarantees, without incurring any liabilities to any Holder of any Note Subsidiary Guarantees and without impairing or releasing the subordination and other benefits provided in this Indenture or the obligations of the Holders of the Note Subsidiary Guarantees to the holders of the Guarantor Senior DebtDebt of such Subsidiary Guarantor, even if any right of reimbursement or subrogation or other right or remedy of any Holder of Note Subsidiary Guarantees is affected, impaired or extinguished thereby, do any one or more of the following:

Appears in 2 contracts

Samples: Supplemental Indenture (MST Enterprises Inc), National Equipment Services Inc

Subordination May Not Be Impaired by Subsidiary Guarantor. No right of any holder of Guarantor Senior Debt to enforce the subordination of the Indebtedness evidenced by the Note Subsidiary Guarantees shall be impaired by any act or failure to act by the Subsidiary Guarantors or any Holder or by the failure of the Subsidiary Guarantors or any Holder to comply with this Indenture. Without in any way limiting the generality of the foregoing paragraph, the holders of Guarantor Senior Debt, or any of them, may, at any time and from time to time, without the consent of or notice to the Holders of the Note Subsidiary Guarantees, without incurring any liabilities to any Holder of any Note Subsidiary Guarantees and without impairing or releasing the subordination and other benefits provided in this Indenture or the obligations of the Holders of the Note Subsidiary Guarantees to the holders of the Guarantor Senior Debt, even if any right of reimbursement or subrogation or other right or remedy of any Holder of Note Subsidiary Guarantees is affected, impaired or extinguished thereby, do any one or more of the following:

Appears in 1 contract

Samples: Indenture (Jitney Jungle Stores of America Inc /Mi/)

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Subordination May Not Be Impaired by Subsidiary Guarantor. No right of any holder of Guarantor Senior Debt of the Subsidiary Guarantors to enforce the subordination of the Indebtedness evidenced by the Note Subsidiary Guarantees shall be impaired by any act or failure to act by the Subsidiary Guarantors or any Holder or by the failure of the Subsidiary Guarantors or any Holder to comply with this Indenture. Without in any way limiting the generality of the foregoing paragraph, the holders of Guarantor Senior DebtDebt of the Subsidiary Guarantors, or any of them, may, at any time and from time to time, without the consent of or notice to the Holders of the Note Subsidiary Guarantees, without incurring any liabilities to any Holder of any Note Subsidiary Guarantees and without impairing or releasing the subordination and other benefits provided in this Indenture or the obligations of the Holders of the Note Subsidiary Guarantees to the holders of the Guarantor Senior DebtDebt of the Subsidiary Guarantors, even if any right of reimbursement or subrogation or other right or remedy of any Holder of Note Subsidiary Guarantees is affected, impaired or extinguished thereby, do any one or more of the following:

Appears in 1 contract

Samples: Supplemental Indenture (Supermarket Cigarette Sales Inc)

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