Common use of Article XII Not to Prevent Events of Default Clause in Contracts

Article XII Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, or interest on the Subordinated Debt Securities by reason of any provision of this Article XII shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 7.1 or in any way limit the rights of the Trustee or any Holder to pursue any other rights or remedies with respect to the Subordinated Debt Securities.

Appears in 3 contracts

Samples: Indenture (Sun International Hotels LTD), Sun International Hotels LTD, Ggri Inc

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Article XII Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, or interest on the Subordinated Debt Securities by reason of any provision of this Article XII shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 7.1 or in any way limit the rights of the Trustee or any Holder to pursue any other rights or remedies with respect to the Subordinated Debt Securities.

Appears in 2 contracts

Samples: Indenture (Kerzner International Employment Services LTD), Indenture (Sun International North America Inc)

Article XII Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, or interest on the Subordinated Debt Securities Notes by reason of any provision of this Article XII shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 7.1 6.1 or in any way limit prevent the rights of Holders or the Trustee from exercising any right or any Holder remedy hereunder or at law or in equity other than the right to pursue any other rights or remedies receive payment on the Notes in accordance with respect to the Subordinated Debt Securitiesterms of this Article XII.

Appears in 1 contract

Samples: Indenture (Southern Pacific Funding Corp)

Article XII Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, or interest on the Subordinated Debt Securities by reason of any provision of this Article XII shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 7.1 6.1 or in any way limit prevent the rights of Holders from exercising any right hereunder other than the Trustee or any Holder right to pursue any other rights or remedies with respect to receive payment on the Subordinated Debt Securities.

Appears in 1 contract

Samples: May & Speh Inc

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Article XII Not to Prevent Events of Default. The failure to make a payment on account of principal prin- cipal of, premium, if any, interest on, or interest on Additional Amounts with respect to, the Subordinated Debt Securities by reason of any provision of this Article XII shall not be construed as preventing the occurrence of a Default or an Event of Default De- fault under Section 7.1 6.1 or in any way limit prevent the rights of Holders or the Trustee or from exercising any Holder right hereunder other than the right to pursue any other rights or remedies with respect to receive payment on the Subordinated Debt Securities. SECTION 12.12.

Appears in 1 contract

Samples: Indenture (Checkpoint Systems Inc)

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