Common use of No Impairment of Subordination Clause in Contracts

No Impairment of Subordination. No right of any present or future holder of any Guarantor Senior Indebtedness to enforce subordination as herein provided shall at any time in an way be prejudiced or impaired by any act or failure to act on the part of the Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Guarantor with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

Appears in 2 contracts

Samples: Indenture (Novellus Systems Inc), Speedfam International Inc

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No Impairment of Subordination. No right of any present or future holder of any Guarantor Senior Indebtedness to enforce subordination as herein provided shall at any time in an any way be prejudiced or impaired by any act or failure to act on the part of the Guarantor (including by way of an amendment to the provisions of this Article Seventeen) or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Guarantor with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

Appears in 2 contracts

Samples: Indenture (Seagate Technology Inc), Indenture (Seagate Technology Inc)

No Impairment of Subordination. No right of any present or future holder of any Guarantor Senior Indebtedness to enforce subordination as herein provided shall at any time in an any way be prejudiced or impaired by any act or failure to act on the part of the Guarantor (including by way of an amendment to the provisions of this Article XVIII) or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Guarantor with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

Appears in 1 contract

Samples: Indenture (Level One Communications Inc /Ca/)

No Impairment of Subordination. No right of any present or future holder of any Guarantor Senior Indebtedness to enforce subordination as herein provided shall at any time in an any way be prejudiced or impaired by any act or failure to act on the part of the Tyco or any other Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Guarantor Issuer with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

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No Impairment of Subordination. (a) . No right of any present or future holder of any Guarantor Senior Indebtedness of any Guarantor to enforce subordination as herein provided shall at any time in an any way be prejudiced or impaired by any act or failure to act on the part of the any Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the any Guarantor with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

Appears in 1 contract

Samples: Indenture (Global Imaging Systems Inc)

No Impairment of Subordination. No right of any present or future holder of any Guarantor Senior Indebtedness of the Guarantor to enforce subordination as herein provided shall at any time in an any way be prejudiced or impaired by any act or failure to act on the part of the Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Guarantor with the terms, provisions and covenants 113 122 of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

Appears in 1 contract

Samples: Atmel Corp

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