Subordination May Not Be Impaired. (a) No right of any present or future holder of any Senior Indebtedness of the Credit Union to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Credit Union, as the case may be, or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Credit Union, as the case may be, with the terms, provisions and covenants of this Agreement, regardless of any knowledge thereof that any such holder may have or otherwise be charged with.
Appears in 39 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement
Subordination May Not Be Impaired. (a) No right of any present or future holder of any Senior Indebtedness of the Credit Union Bank to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Credit UnionBank, as the case may be, or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Credit UnionBank, as the case may be, with the terms, provisions and covenants of this Agreement, regardless of any knowledge thereof that any such holder may have or otherwise be charged with.
Appears in 3 contracts
Samples: Securities Purchase Agreement, Exchange Agreement, Letter Agreement
