Common use of Subordination May Clause in Contracts

Subordination May. Not Be Impaired by a Subsidiary Note Guarantor. No right of any holder of Senior Indebtedness of a Subsidiary Guarantor to enforce the subordination of the obligations of such Subsidiary Guarantor hereunder shall be impaired by any act or failure to act by such Subsidiary Guarantor, the Trustee or any Noteholder or by its or their failure to comply with this Indenture.

Appears in 2 contracts

Samples: Registration Rights Agreement (Alliant Techsystems Inc), Registration Rights Agreement (Alliant Techsystems Inc)

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Subordination May. Not Be Impaired by a Subsidiary Note ----------------------------------------------- Guarantor. No right of any holder of Senior Indebtedness Debt of a any Subsidiary Guarantor to ---------- enforce the subordination of the obligations Obligations of such Subsidiary Guarantor hereunder shall be impaired by any act or failure to act by such Subsidiary Guarantor, the Trustee or any Noteholder Guarantor or by its or their failure to comply with this Indenture.

Appears in 1 contract

Samples: Hudson Respiratory Care Inc

Subordination May. Not Be Impaired by a Subsidiary Note Guarantor. No right of any holder of Designated Senior Indebtedness of a Subsidiary Guarantor to enforce the subordination of the obligations Obligations of such Subsidiary Guarantor hereunder shall be impaired by any act or failure to act by such Subsidiary Guarantor, the Trustee or any Noteholder Guarantor or by its or their failure to comply with this Indenture.

Appears in 1 contract

Samples: Mexican Cellular Investments Inc

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Subordination May. Not Be Impaired by a Subsidiary Note Guarantor. No right of any holder of Designated Senior Indebtedness of a Subsidiary Guarantor to enforce the subordination of the obligations of such Subsidiary Guarantor hereunder shall be impaired by any act or failure to act by such Subsidiary Guarantor, the Trustee or any Noteholder Guarantor or by its or their failure to comply with this Indenture.

Appears in 1 contract

Samples: Imperial Home Decor Group Holdings I LTD

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