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 Senior Indebtedness of any Subsidiary Guarantor to enforce the subordination of the Guaranteed Obligations of such Subsidiary Guarantor shall be impaired by any act or failure to act by such Subsidiary Guarantor or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Denbury Resources Inc)

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Subordination May Not Be Impaired by Subsidiary Guarantor. No right of any holder of Senior Priority Indebtedness of any Subsidiary Guarantor to enforce the subordination of the Guaranteed Guarantor Obligations of such Subsidiary Guarantor shall be impaired by any act or failure to act by such a Subsidiary Guarantor or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (McClatchy Co)

Subordination May Not Be Impaired by Subsidiary Guarantor. No right of any holder of Guarantor Senior Indebtedness of any Subsidiary Guarantor to enforce the subordination of the Guaranteed Obligations of such Indebtedness evidenced by the Subsidiary Guarantor Guarantee shall be impaired by any act or failure to act by such a Subsidiary Guarantor or by its the failure of any of them to comply with the Subsidiary Guarantee or this Indenture.

Appears in 1 contract

Samples: Selfix Inc /De/

Subordination May Not Be Impaired by Subsidiary Guarantor. No right of any holder of Senior Indebtedness of any Subsidiary Guarantor to enforce the subordination of the Guaranteed Obligations Obligation of such Subsidiary Guarantor shall be impaired by any act or failure to act by such Subsidiary Guarantor or by its failure to comply with this the Indenture.

Appears in 1 contract

Samples: First Supplemental Indenture (Swift Energy Co)

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Subordination May Not Be Impaired by Subsidiary Guarantor. No right of any holder of Senior Indebtedness of any Subsidiary Guarantor to enforce the subordination of the Guaranteed Obligations Subsidiary Guarantee of such Subsidiary Guarantor shall be impaired by any act or failure to act by such Subsidiary Guarantor or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (Columbus McKinnon Corp)

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