Common use of Subordination May Not Be Impaired Clause in Contracts

Subordination May Not Be Impaired. No right of any holder of Senior Debt to enforce the subordination of the Indebtedness evidenced by the Notes shall be impaired by any act or failure to act by the Company or the Holders of any Notes or by the failure of the Company or any Holder of Notes to comply with this Indenture.

Appears in 3 contracts

Samples: Indenture (United Community Banks Inc), Indenture (United Community Banks Inc), Caraustar Industries Inc

AutoNDA by SimpleDocs

Subordination May Not Be Impaired. By the Borrower. No right of any holder of Senior Debt Indebtedness to enforce the subordination of the Loans and the Indebtedness evidenced by the Notes shall be impaired by any act or failure to act by the Company or the Holders of any Notes Borrower or by the its failure of the Company or any Holder of Notes to comply with this IndentureAgreement.

Appears in 1 contract

Samples: Federal Mogul Corp

Subordination May Not Be Impaired. No right of any holder of Senior Debt to enforce the subordination of the Indebtedness evidenced by the Notes and the Subsidiary Guarantees shall be impaired by any act or failure to act by the Company Company, any Guarantor or the Holders of any Notes or by the failure of the Company Company, any Guarantor or any Holder of Notes to comply with this Indenture.

Appears in 1 contract

Samples: Caraustar Industries Inc

Subordination May Not Be Impaired. No right of any holder of Senior Debt to enforce the subordination of the Indebtedness evidenced by the Notes shall be impaired by any act or failure to act by the Company Company, Notes or the Holders any Holder of any Notes Senior Debt or by the failure of the Company or any Holder of Senior Subordinated Notes to comply with this Indenture. SECTION 10.10.

Appears in 1 contract

Samples: Indenture (Printpack Inc)

AutoNDA by SimpleDocs

Subordination May Not Be Impaired. No right of any holder of Senior Debt to enforce the subordination of the Indebtedness indebtedness evidenced by the Notes hereby shall be impaired by any act or failure to act by the Company or the Holders of any Notes or by the its failure of the Company or any Holder of Notes to comply with this IndentureNote.

Appears in 1 contract

Samples: Assignment Agreement (Administaff Inc \De\)

Time is Money Join Law Insider Premium to draft better contracts faster.