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

Subordination Rights Not Impaired by Acts. or Omissions of a Guarantor or Holders of Senior Debt of such Guarantor. No right of any present or future holders of any Senior Debt of a Guarantor 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 such Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by such Guarantor with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of Senior Debt of such Guarantor may extend, renew, modify or amend the terms of the Senior Debt of such Guarantor or any security therefor and release, sell or exchange such security and otherwise deal freely with such Guarantor, all without affecting the liabilities and obligations of the parties to this Indenture or the Holders.

Appears in 5 contracts

Samples: Hovnanian Enterprises Inc, Hovnanian Enterprises Inc, Hovnanian Enterprises Inc

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Subordination Rights Not Impaired by Acts. or Omissions of a the Guarantor or Holders of Senior Debt of such the Guarantor. No right of any present or future holders of any Senior Debt of a the Guarantor 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 such the Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by such the Guarantor with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of Senior Debt of such the Guarantor may extend, renew, modify or amend the terms of the Senior Debt of such the Guarantor or any security therefor and release, sell or exchange such security and otherwise deal freely with such the Guarantor, all without affecting the liabilities and obligations of the parties to this Indenture or the Holders.

Appears in 2 contracts

Samples: Hovnanian Enterprises Inc, Hovnanian Enterprises Inc

Subordination Rights Not Impaired by Acts. or Omissions of a Guarantor or Holders of Senior Debt Indebtedness of such Guarantor. No right of any present or future holders of any Senior Debt Indebtedness of a Guarantor 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 such Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by such Guarantor with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of Senior Debt Indebtedness of such Guarantor may extend, renew, modify or amend the terms of the Senior Debt Indebtedness of such Guarantor or any security therefor and release, sell or exchange such security and otherwise deal freely with such Guarantor, all without affecting the liabilities and obligations of the parties to this Indenture or the Holders.

Appears in 1 contract

Samples: Hovnanian Enterprises Inc

Subordination Rights Not Impaired by Acts. or Omissions of a the Company, the Guarantor or Holders of Senior Debt of such GuarantorDebt. No right of any present or future holders of any Senior Debt of a Guarantor to enforce subordination as provided herein provisions contained in this Article XI shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of such the Company or the Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by such the Company or the Guarantor with the terms of this Indenture, regardless of any knowledge thereof which that any such holder may have or be otherwise charged with. The holders of Senior Debt of such Guarantor may extend, renew, modify or amend the terms of the Senior Debt of such Guarantor or any security therefor and release, sell or exchange such security and otherwise deal freely with such the Company and the Guarantor, all without affecting the liabilities and obligations of the parties to this Indenture or the HoldersHolders of the Securities of any series.

Appears in 1 contract

Samples: Indenture (Shell International Finance B.V.)

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Subordination Rights Not Impaired by Acts. or Omissions of a Guarantor the Company, the Guarantors or Holders of Senior Debt of such GuarantorDebt. No right of any present or future holders of any Senior Debt of a Guarantor to enforce subordination as provided herein provisions contained in this Article XII shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of such the Company or any Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by such the Company or any Guarantor with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of Senior Debt of such Guarantor may extend, extend renew, modify or amend the terms of the Senior Debt of such Guarantor or any security therefor and release, sell or exchange such security and otherwise deal freely with such Guarantorthe Company and the Guarantors, all without affecting the liabilities and obligations of the parties to this Indenture or the Holders.

Appears in 1 contract

Samples: Quality Food Centers Inc

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