Common use of Subordination Rights Not Impaired by Acts Clause in Contracts

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eight are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 4 contracts

Samples: Indenture (Gentek Inc), Tci Satellite Entertainment Inc, Polymer Group Inc

AutoNDA by SimpleDocs

Subordination Rights Not Impaired by Acts. or Omissions of the Company Issuer or Holders of Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness to enforce the subordination terms as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company Issuer or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company Issuer with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eight are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 1 contract

Samples: Black Creek Management LLC

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eight 10 are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 1 contract

Samples: Covenants (General Cable Corp /De/)

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior IndebtednessDebt. No right of any present or future holders of any Senior Indebtedness Debt to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions revisions of this Article Eight are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior IndebtednessDebt.

Appears in 1 contract

Samples: Aep Industries Inc

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior IndebtednessDebt. No right of any present or future holders of any Senior Indebtedness Debt to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eight Ten are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior IndebtednessDebt.

Appears in 1 contract

Samples: Autotote Corp

Subordination Rights Not Impaired by Acts. or Omissions of the Company Issuer or Holders of Senior IndebtednessDebt. No right of any present or future holders of any Senior Indebtedness Debt to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company Issuer or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company Issuer with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions revisions of this Article Eight are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior IndebtednessDebt.

Appears in 1 contract

Samples: HRM Holdings Corp

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior IndebtednessDebt . No right of any present or future holders of any Senior Indebtedness Debt to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eight VIII are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior IndebtednessDebt.

Appears in 1 contract

Samples: Indenture (Qwest Communications International Inc)

AutoNDA by SimpleDocs

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior Indebtedness. --------------------------------------------------------- No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eight Twelve are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Collins & Aikman Products Co)

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior IndebtednessDebt. No right of any present or future holders of any Senior Indebtedness Debt of the Company to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eight are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior IndebtednessDebt of the Company.

Appears in 1 contract

Samples: Cadmus Communications Corp/New

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided herein shall in this Article Ten will at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms of this Indenture, regardless of any knowledge thereof which that any such holder may have or otherwise be charged with. The provisions of this Article Eight Ten are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Scotsman Industries Inc)

Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance noncompli- ance by the Company with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eight are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 1 contract

Samples: Airxcel Inc

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