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 Eleven are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 3 contracts

Samples: Standard Pacific Corp /De/, Standard Pacific Corp /De/, Standard Pacific Corp /De/

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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 Eleven are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior IndebtednessDebt.

Appears in 1 contract

Samples: Triton PCS Holdings Inc

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 in this Article will 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 that any such holder may have or otherwise be charged with. The provisions of this Article Eleven 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: Investment Agreement (Americold Corp /Or/)

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 Eleven 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 Eleven are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 1 contract

Samples: Urs Corp /New/

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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 Eleven 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: CFW Communications Co

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 the Indenture or this Supplemental Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Eleven Seven are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 1 contract

Samples: Constellation Brands Inc

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