Common use of Subordination Rights 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 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 that any such holder may have or otherwise be charged with. The provisions of this Article Ten are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Regal Cinemas Inc), Indenture (Extended Stay America Inc)

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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 of the Company to enforce subordination as provided in this Article Ten will 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 that which any such holder may have or otherwise be charged with. The provisions of this Article Ten Nine are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior IndebtednessIndebtedness of the Company.

Appears in 1 contract

Samples: Pasta Group L L C

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 in this Article Ten will 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 that which any such holder may have or otherwise be charged with. The provisions of this Article Ten 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: Indenture (Carrols Corp)

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 in this Article Ten 15 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 that any such holder may have or otherwise be charged with. The provisions of this Article Ten 15 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 (Agco Corp /De)

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

Appears in 1 contract

Samples: Indenture (GPPW Inc)

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Subordination Rights. Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness. Indebtedness No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided in this Article Ten will 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 that which any such holder may have or otherwise be charged with. The provisions of this Article Ten 11 are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Indebtedness.

Appears in 1 contract

Samples: Supplemental Indenture (Encore Industries Inc /Ga)

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 in this Article Ten will 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 that which any such holder may have or otherwise be charged with. The provisions of this Article Ten 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: Vail Resorts Inc

Subordination Rights. Not Impaired by Acts or Omissions of the Company Issuers or Holders of Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided in this Article Ten will 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 Issuers or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company Issuers with the terms of this Indenture, regardless of any knowledge thereof that which any such holder may have or otherwise be charged with. The provisions of this Article Ten 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: Aas Capital Corp

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