Common use of Obligations of the Company Unconditional Clause in Contracts

Obligations of the Company Unconditional. Nothing contained in this Article X or elsewhere in this Indenture is intended to or shall impair, as among the Company, its creditors other than the holders of Senior Debt, and the Holders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders the principal of and any interest on the Obligations as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Company other than the holders of the Senior Debt, nor shall anything herein or therein prevent any Holder or the Trustee on its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article X, of the holders of Senior Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy.

Appears in 3 contracts

Samples: Indenture (Vertis Inc), Indenture (Vertis Inc), Vertis Inc

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Obligations of the Company Unconditional. Nothing contained in this Article X Eleven or elsewhere in this Indenture is intended to or shall impair, impair as among between the Company, its creditors other than the holders of Senior Debt, Company and the Holders, the obligation Obligation of the Company, which is absolute and unconditional, to pay to the Holders the principal of and any interest on the Obligations owing under the Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Company other than the holders of the Senior Debt, nor shall anything herein or therein prevent any Holder or the Trustee on its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article XEleven, of the holders of Senior Debt in respect of cash, property Property or securities of the Company received upon the exercise of any such remedy.

Appears in 2 contracts

Samples: Seminis Inc, Seminis Inc

Obligations of the Company Unconditional. Nothing contained in this Article X 10 or elsewhere in this Indenture Agreement is intended to or shall impair, as among the Company, its creditors other than the holders of Senior Debt, and the Holders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders the principal of and any interest on the Obligations owing under the Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Company other than the holders of the Senior Debt, nor shall anything herein or therein prevent any Holder or the Trustee on its behalf from exercising all remedies otherwise permitted by applicable law upon default under this IndentureAgreement, subject to the rights, if any, under this Article X10, of the holders of Senior Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy.

Appears in 1 contract

Samples: Indenture (Ameristar Casinos Inc)

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Obligations of the Company Unconditional. Nothing contained in this Article X Ten or elsewhere in this Indenture or in the Notes is intended to or shall impair, as among between the Company, its creditors other than the holders of Senior Debt, Company and the Holders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders the principal of and any interest on the Obligations Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Company other than the holders of the Senior Debt, nor shall anything herein or therein prevent the Trustee or any Holder or the Trustee on its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article XTen, of the holders of Senior Debt in respect of cash, property or securities Notes of the Company received upon the exercise of any such remedy.such

Appears in 1 contract

Samples: Indenture (Huntsman International LLC)

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