Common use of No Waiver of Guarantee Subordination Provisions Clause in Contracts

No Waiver of Guarantee Subordination Provisions. Without in any way limiting the generality of Section 12.8, the holders of Senior Debt of a Guarantor may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the Notes, without incurring responsibility to the Holders of the Notes and without impairing or releasing the subordination provided in this Article 12 or the obligations hereunder of the Holders of the Notes to the holders of such Senior Debt, do any one or more of the following: (a) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, such Senior Debt or any instrument evidencing the same or any agreement under which such Senior Debt is outstanding or secured; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing such Senior Debt; (c) release any Person liable in any manner for the collection of such Senior Debt; and (d) exercise or refrain from exercising any rights against any Guarantor and any other Person. 101

Appears in 2 contracts

Samples: Alliance Laundry Holdings LLC, Alliance Laundry Holdings LLC

AutoNDA by SimpleDocs

No Waiver of Guarantee Subordination Provisions. Without in any way limiting the generality of Section 12.812.08, the holders of Senior Debt of a Guarantor mayany Guarantor, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the NotesSecurities, without incurring responsibility to the Holders of the Notes Securities and without impairing or releasing the subordination provided in this Article 12 Twelve or the obligations hereunder of the Holders of the Notes Securities to the holders of such Senior Debt, may do any one or more of the following: (a) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, such Senior Debt or any instrument evidencing the same or any agreement under which such Senior Debt is outstanding or secured; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing such Senior Debt; (c) release any Person liable in any manner for the collection of such Senior Debt; and (d) exercise or refrain from exercising any rights against any the Guarantor and any other Person. 101.

Appears in 1 contract

Samples: Falcon Products Inc /De/

No Waiver of Guarantee Subordination Provisions. Without in any way limiting the generality of Section 12.812.09, the holders of Senior Debt of a Guarantor the Guarantors may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the NotesSecurities, without incurring responsibility to the Holders of the Notes Securities and without impairing or releasing the subordination provided in this Article 12 or the obligations hereunder of the Holders of the Notes Securities to the holders of such Senior DebtDebt of the Guarantors, do any one or more of the following: (a) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, such Senior Debt of the Guarantors or any instrument evidencing the same or any agreement under which such Senior Debt is outstanding or secured; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing such Senior Debt; (c) release any Person liable in any manner for the collection of such Senior Debt; and (d) exercise or refrain from exercising any rights against any Guarantor and any other Person. 101.

Appears in 1 contract

Samples: Triton PCS Holdings Inc

No Waiver of Guarantee Subordination Provisions. Without in any way limiting the generality of Section 12.812.09, the holders of Senior Debt of a Guarantor Guarantors may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the Notes, without incurring responsibility to the Holders of the Notes and without impairing or releasing the subordination provided in this Article 12 or the obligations hereunder of the Holders of the Notes to the holders of such Senior DebtDebt of Guarantors, do any one or more of the following: (a) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, such Senior Debt of Guarantors or any instrument evidencing the same or any agreement under which such Senior Debt is outstanding or secured; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing such Senior Debt; (c) release any Person liable in any manner for the collection of such Senior Debt; and (d) exercise or refrain from exercising any rights against any Guarantor the Issuer and any other Person. 101.

Appears in 1 contract

Samples: HRM Holdings Corp

AutoNDA by SimpleDocs

No Waiver of Guarantee Subordination Provisions. Without in any way limiting the generality of Section 12.812.09, the holders of Senior Debt of a Guarantor Guarantors may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the NotesSecurities, without incurring responsibility to the Holders of the Notes Securities and without impairing or releasing the subordination provided in this Article 12 or the obligations hereunder of the Holders of the Notes Securities to the holders of such Senior DebtDebt of Guarantors, do any one or more of the following: (a) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, such Senior Debt of Guarantors or any instrument evidencing the same or any agreement under which such Senior Debt is outstanding or secured; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing such Senior Debt; (c) release any Person liable in any manner for the collection of such Senior Debt; and (d) exercise or refrain from exercising any rights against any Guarantor the Company and any other Person. 101.

Appears in 1 contract

Samples: Aep Industries Inc

No Waiver of Guarantee Subordination Provisions. Without in any way limiting the generality of Section 12.8, the holders of Senior Debt of a Guarantor may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the Notes, without incurring responsibility to the Holders of the Notes and without impairing or releasing the subordination provided in this Article 12 or the obligations hereunder of the Holders of the Notes to the holders of such Senior Debt, do any one or more of the following: (a) change the manner, place or terms of 104 94 payment or extend the time of payment of, or renew or alter, such Senior Debt or any instrument evidencing the same or any agreement under which such Senior Debt is outstanding or secured; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing such Senior Debt; (c) release any Person liable in any manner for the collection of such Senior Debt; and (d) exercise or refrain from exercising any rights against any Guarantor and any other Person. 101.

Appears in 1 contract

Samples: Indenture (Salton Maxim Housewares Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.