Common use of Provisions Solely to Define Relative Rights Clause in Contracts

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303.

Appears in 6 contracts

Samples: Subordinated Note Indenture (Georgia Power Co), Southern Power Co, Agl Capital Corp

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Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of Convertible Debentures on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Convertible Debentures is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesConvertible Debentures, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Convertible Debentures the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Convertible Debentures as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Convertible Debentures and creditors of the Company Company, as the case may be, other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Convertible Debenture from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 5 contracts

Samples: Indenture (Capital Trust), Supplemental Indenture (Tosco Corp), Execution Copy (Viatel Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness (and, in the case of Section 1415, Entitled Persons in respect of Other Financial Obligations) on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and other than Entitled Persons in respect of Other Financial Obligations and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessIndebtedness and Entitled Persons in respect of Other Financial Obligations, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessIndebtedness and Entitled Persons in respect of Other Financial Obligations; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness and under Section 1415 of Entitled Persons in respect of Other Financial Obligations, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 4 contracts

Samples: Indenture (Fifth Third Capital Trust Iv), Fifth Third Bancorp, Amsouth Bancorporation

Provisions Solely to Define Relative Rights. The provisions of this Article 10 are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article 10 or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt, and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights of the holders of the Designated Senior Debt under Section 6.02 hereof and subject to the rights, if any, under this Article 10 of the holders of Senior Indebtedness Debt (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 10.02 hereof, or in any other applicable circumstances described in Section 10.02 to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions and in the applicable circumstances specified in Section 130310.03, to prevent any payment or distribution prohibited by such Section or enforce their rights pursuant to Section 10.03(c) hereof. The failure to make a payment on account of principal of, premium, if any, or interest on the penultimate paragraph in Section 1303Securities by reason of any provision of this Article 10 shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 4 contracts

Samples: Indenture (Samsonite Corp/Fl), Samsonite Corp/Fl, Samsonite Holdings Inc

Provisions Solely to Define Relative Rights. The provisions of this Article IX are and are intended solely for the purpose of defining the relative rights of the Holders of Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article IX or elsewhere in this Indenture Indenture, any indenture supplemental hereto or in the Junior Subordinated Notes Securities issued hereunder is intended to or shall (a) impair, as among the Company, its creditors (other than holders of Senior Indebtedness Indebtedness) and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on on, and all other amounts payable with respect to, the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their respective terms; or , (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company (other than the holders of Senior Indebtedness; or ), (c) prevent the Trustee or the Holder of any Junior Subordinated Note Securities from exercising all remedies otherwise permitted by applicable law upon default a Default or Event of Default under this Indenture, subject to the rightsrights under the provisions of Section 9.02, if any, under this Article Section 9.03 and Section 9.04 hereof of the holders of Senior Indebtedness to receive cash, property and or securities otherwise payable or deliverable to the Trustee Holders of Securities or such Holder or(d) restrict or otherwise impair the right of the Holders of Securities to, under in accordance with the conditions specified in Section 1303terms of this Indenture, declare the Securities of any series to prevent any payment prohibited by such Section or enforce be due and payable prior to their rights pursuant to respective stated maturity upon the penultimate paragraph in Section 1303occurrence of an Event of Default.

Appears in 3 contracts

Samples: Indenture (Mercury Finance Co), Indenture (Mercury Finance Co), MFN Financial Corp

Provisions Solely to Define Relative Rights. The provisions of this Article Twelve are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Issuer Senior Indebtedness on the other hand. Nothing contained in this Article Twelve or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the CompanyIssuer, its creditors other than holders of Issuer Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of and premium, if any, and interest (including Additional Interest) interest, if any, on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Issuer of the Holders of the Junior Subordinated Notes Securities and creditors of the Company Issuer other than the holders of Issuer Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Twelve of the holders of Issuer Senior Indebtedness (1) in any liquidation of the Issuer, whether voluntary or involuntary, or bankruptcy, insolvency, reorganization, receivership, or similar proceeding relating to receive the Issuer as referred to in Section 12.2, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130312.3, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Section.

Appears in 3 contracts

Samples: Royal Ahold, Royal Ahold, Ahold Finance Usa Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this First Supplemental Indenture or in the Junior Subordinated Notes Debentures is intended to or shall (a) impair, as among the Company, its creditors (other than holders of Senior Indebtedness Indebtedness) and the Holders of the Junior Subordinated NotesDebentures, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Debentures the principal of, premium, if any, of and interest (including Additional Interest) on the Junior Subordinated Notes Debentures as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Debentures and creditors of the Company Company, other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Debenture from exercising all remedies otherwise permitted by applicable law upon default under this First Supplemental Indenture or the Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 13034.3, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13034.3.

Appears in 3 contracts

Samples: Supplemental Indenture (Citizens Utilities Capital L P), Supplemental Indenture (Citizens Utilities Capital L P), Citizens Utilities Capital L P

Provisions Solely to Define Relative Rights. The provisions of this Article Seventeen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Seventeen or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article Seventeen of the holders of Senior Indebtedness, is intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Seventeen of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 3 contracts

Samples: Indenture (Thermo Instrument Systems Inc), Indenture (Thermo Electron Corp), Thermo Electron Corp

Provisions Solely to Define Relative Rights. The provisions of this Article 12 are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article 12 or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including on or Additional Interest) , if any, on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article 12 of the holders of Senior Indebtedness Debt (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 12.02 hereof, to receive, pursuant to and in accordance with such Section, cash, property Property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130312.03, to prevent any payment prohibited by such Section or enforce their rights pursuant to Section 12.03(c) hereof. The failure to make a payment on account of principal of, premium, if any, or interest on or Additional Interest, if any, on the penultimate paragraph in Section 1303Securities by reason of any provision of this Article 12 shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 3 contracts

Samples: Registration Rights Agreement (Ion Media Networks Inc.), Registration Rights Agreement (Cig Media LLC), Registration Rights Agreement (Cig Media LLC)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness (and, in the case of Section 14.15, Entitled Persons in respect of Other Financial Obligations) on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and other than Entitled Persons in respect of Other Financial Obligations and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessIndebtedness and Entitled Persons in respect of Other Financial Obligations, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessIndebtedness and Entitled Persons in respect of Other Financial Obligations; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness and under Section 14.15 of Entitled Persons in respect of Other Financial Obligations, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 3 contracts

Samples: Liquid Media Group Ltd., Indenture (Associated Banc-Corp), Indenture (Associated Banc-Corp)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional InterestSums) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 13031203, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13031203.

Appears in 2 contracts

Samples: Southern Investments Uk Capital Trust I, PPL Electric Utilities Corp

Provisions Solely to Define Relative Rights. The provisions of this Article Agreement are and are intended solely for the purpose of defining the relative rights of the Holders Revolving Facility Secured Parties, on the one hand hand, and the holders of Senior Indebtedness Noteholder Secured Parties, on the other hand. Nothing contained None of Holdings, the Company, any other Grantor or any other creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this Article or elsewhere Agreement (provided that nothing in this Indenture Agreement (other than Sections 2.05, 2.06, 2.10, 2.11 or Article VII to the extent expressly provided therein) is intended to or will amend, waive or otherwise modify the provisions of the Credit Agreement or the Indenture), and neither the Company nor any other Grantor may rely on the terms hereof (other than Sections 2.05, 2.06, 2.10, 2.11, Article VI and Article VII). Nothing in the Junior Subordinated Notes this Agreement is intended to or shall (a) impair, as among impair the Company, its creditors other than holders obligations of Senior Indebtedness and the Holders of the Junior Subordinated NotesHoldings, the obligation of the CompanyCompany or any other Grantor, which is are absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of Obligations under the Junior Subordinated Notes Noteholder Documents and the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Revolving Facility Documents as and when the same shall become due and payable in accordance with their terms; . Notwithstanding anything to the contrary herein, in any Noteholder Document or any Revolving Facility Document, the Grantors shall not be required to act or refrain from acting (a) pursuant to this Agreement or any Noteholder Document with respect to any Revolving Facility First Lien Collateral in any manner that would cause a default under any Revolving Facility Document, or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; pursuant to this Agreement or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon Revolving Facility Document with respect to any Noteholder First Lien Collateral in any manner that would cause a default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Noteholder Document.

Appears in 2 contracts

Samples: Security Agreement (Affinia Group Holdings Inc.), Lien Subordination and Intercreditor Agreement (Affinia Group Intermediate Holdings Inc.)

Provisions Solely to Define Relative Rights. The provisions of this Article are and Eight are intended solely for the purpose of defining the relative rights of the Holders of the Senior Subordinated Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Junior Senior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Senior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Senior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Senior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Senior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Senior Subordinated Note Notes from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 8.02, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 13038.03, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13038.03(c).

Appears in 2 contracts

Samples: Indenture (Trism Inc /De/), Indenture (Trism Inc /De/)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Indebtedness, and the Holders of the Junior Subordinated NotesSecurities, the obligation obligations of the Company, which is are absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is are intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this IndentureIndenture including, without limitation, filing and voting claims in any Proceeding, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Indenture (International Paper Co /New/), International Paper Capital Trust Iii

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Debentures on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this the Indenture or in the Junior Subordinated Notes Debentures is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesDebentures, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Debentures the principal of, premium, if any, of and interest (including Additional Interest) on the Junior Subordinated Notes Debentures as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Debentures and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Debenture from exercising all remedies otherwise permitted by applicable law upon default under this the Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Allstate Corp, Allstate Corp

Provisions Solely to Define Relative Rights. The provisions of this Article Seventeen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Seventeen or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article Seventeen of the holders of Senior Indebtedness, is intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Seventeen of the holders of Senior Indebtedness to 110 receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Thermo Electron Corp, Thermo Electron Corp

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness (and, in the case of Section 1415, Entitled Persons in respect of Other Financial Obligations) on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Indebtedness, Entitled Persons in respect of Other Financial Obligations and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessIndebtedness and Entitled Persons in respect of Other Financial Obligations, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessIndebtedness and Entitled Persons in respect of Other Financial Obligations; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness and under Section 1415 of Entitled Persons in respect of Other Financial Obligations, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Dime Bancorp Inc, Dime Bancorp Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (ai) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (bii) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (ciii) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default Default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness (A) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 3.2, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (B) under the conditions specified in Section 13033.3, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13033.3(c).

Appears in 2 contracts

Samples: Indenture (Genesis Health Ventures Inc /Pa), Indenture (Genesis Health Ventures Inc /Pa)

Provisions Solely to Define Relative Rights. The provisions of this Article Eleven are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Eleven or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the CompanyIssuer, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of and premium, if any, and interest (including Additional Interest) interest, if any, on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Issuer of the Holders of the Junior Subordinated Notes Securities and creditors of the Company Issuer other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eleven of the holders of Senior Indebtedness (1) in any liquidation of the Issuer, whether voluntary or involuntary, or bankruptcy, insolvency, moratorium of payments, receivership, suspension of payments, as referred to receive in Section 11.2, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130311.3, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Section.

Appears in 2 contracts

Samples: Stolt Offshore S A, Stolt Offshore S A

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the CompanyCompany or any Guarantor, its respective creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated Notes, the obligation of the CompanyCompany or such Guarantor, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Notes, the principal of, premium, if any, and on, interest (including Additional Amounts, if any, and Special Interest, if any) on on, and any other amounts due in respect of, the Junior Subordinated Notes or in respect of the Guarantees, as applicable, as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Notes from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Indenture (PLD Telekom Inc), Indenture (PLD Telekom Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article Section 14 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Section 14 or elsewhere in this Indenture Agreement or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors (other than holders of Senior Indebtedness Indebtedness) and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article Section 14 of the holders of Senior Indebtedness, is intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law Applicable Law upon default under this IndentureAgreement, subject to the rights, if any, under this Article Section 14 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to such Holder. The Holders agree that they will not challenge the Trustee validity, enforceability or perfection of any Senior Indebtedness or the liens, guarantees and security interests securing the same and that as between the holders of the Senior Indebtedness on the one hand and the Holders on the other, the terms hereof shall govern even if all or part of the Senior Indebtedness or such Holder orliens and security interests are avoided, under disallowed, subordinated, set aside or otherwise invalidated in any judicial proceeding or otherwise, regardless of the conditions specified in Section 1303, to prevent any payment prohibited by theory upon which such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303action is premised.

Appears in 2 contracts

Samples: Purchase Agreement (Pca International Inc), Purchase Agreement (Pca International Inc)

Provisions Solely to Define Relative Rights. The provisions of Sections 14.16 through 14.29 of this Article are and Indenture are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Guarantor Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the CompanyHollxxxxx Xxxernational, its creditors other than holders of Senior Guarantor Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the CompanyHollxxxxx Xxxernational, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Hollxxxxx Xxxernational of the Holders of the Junior Subordinated Notes Securities and creditors of the Company Hollxxxxx Xxxernational other than the holders of Senior Guarantor Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Guarantor Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of Hollxxxxx Xxxernational referred to receive in Section 14.17, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130314.18, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 130314.18(c).

Appears in 2 contracts

Samples: Hollinger International Inc, Hollinger International Publishing Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among between the Company, its creditors other than holders Holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation obligations of the Company, which is are absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is Indebtedness are intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including any Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this IndentureIndenture including, without limitation, filing and voting claims in any Proceeding, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Agreement (Usf&g Corp), Trust Agreement (Usf&g Corp)

Provisions Solely to Define Relative Rights. The ------------------------------------------- provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand hand, and the holders of Senior Indebtedness Indebtedness, on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal ofPrincipal Amount, premiumIssue Price, accrued Original Issue Discount, Redemption Price, Purchase Price, Conversion Payment, Change in Control Purchase Price or interest, if any, and interest (including Additional Interest) on as the Junior Subordinated Notes case may be, in respect of the Securities as and when the same shall become due and payable in accordance with their termsthe terms of the Securities and this Indenture; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Indenture (Times Mirror Co /New/), Merrill Lynch Preferred Capital Trust V

Provisions Solely to Define Relative Rights. The provisions of this Article X are and are intended solely for the purpose of defining the relative rights of the Holders of Securities on the one hand and the holders of Senior Indebtedness under any Working Capital Facility on the other hand. Nothing contained in this Article X or elsewhere in this Indenture Indenture, any indenture supplemental hereto or in the Junior Subordinated Notes Securities issued hereunder is intended to or shall (a) impair, as among the Company, its creditors (other than holders of Senior Indebtedness under any Working Capital Facility) and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on on, and all other amounts payable with respect to, the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their respective terms; or , (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company (other than the holders of Senior Indebtedness; or Indebtedness under any Working Capital Faciltiy), (c) prevent the Trustee or the Holder of any Junior Subordinated Note Securities from exercising all remedies otherwise permitted by applicable law upon default a Default or Event of Default under this Indenture, subject to the rights, if any, rights under this Article the provisions of Section 10.02 hereof of the holders of Senior Indebtedness under any Working Capital Facility to receive cash, property and or securities otherwise payable or deliverable to the Trustee Holders of Securities or such Holder or(d) restrict or otherwise impair the right of the Holders of Securities to, under in accordance with the conditions specified in Section 1303terms of this Indenture, declare the Securities of any series to prevent any payment prohibited by such Section or enforce be due and payable prior to their rights pursuant to respective stated maturity upon the penultimate paragraph in Section 1303occurrence of an Event of Default.

Appears in 2 contracts

Samples: Indenture (MFN Financial Corp), Indenture (Mercury Finance Co)

Provisions Solely to Define Relative Rights. The provisions of this Article Fifteen are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Fifteen or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article Fifteen of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), ) to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Fifteen of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolders. The holders of the Senior Indebtedness shall be entitled to enforce the provisions of this Article Fifteen against the Company, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to Holders of the penultimate paragraph in Section 1303Securities and the Trustee.

Appears in 2 contracts

Samples: Indenture (Sci Systems Inc), Sci Systems Inc

Provisions Solely to Define Relative Rights. The provisions of this Article Thirteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities of each series on the one hand and the holders of Issuer Senior Indebtedness Creditors on the other hand. Nothing Other than as provided for in this Subordinated Indenture, any Board Resolutions or supplemental indentures executed pursuant to Section 3.01 with respect to any series of Securities, nothing contained in this Article or elsewhere in this Subordinated Indenture or in the Junior Subordinated Notes Securities is intended to or shall (aa)(i) impair, as among the CompanyIssuer, its creditors (other than holders of Issuer Senior Indebtedness Creditors) and the Holders of any Securities issued by the Junior Subordinated NotesIssuer, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes such claims the principal of, premium, if any, on and interest (including Additional and Deferred Interest) , if any, on the Junior Subordinated Notes such Securities as and when the same shall become due and payable in accordance with their terms; terms and this Subordinated Indenture or (bii) affect the relative rights against the Company Issuer of the Holders of the Junior Subordinated Notes any such Securities and creditors of the Company Issuer (other than the holders of Issuer Senior Indebtedness; Creditors) or (ciii) prevent the Subordinated Trustee or the Holder of any Junior Subordinated Note such Holders from exercising all remedies otherwise permitted hereunder or by applicable law upon default under this Subordinated Indenture, subject to the rights, if any, under this Article of the holders of Issuer Senior Indebtedness Creditors to receive cash, property and or securities otherwise payable or deliverable to the Subordinated Trustee or such Holder or, Holders; or (b) prevent the Subordinated Trustee or such Holders from exercising all remedies otherwise permitted hereunder or by applicable law upon default under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303this Subordinated Indenture.

Appears in 2 contracts

Samples: Indenture (Prudential Funding (Asia) PLC), Prudential Funding

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the CompanyCompany or the Guarantor, as the case may be, its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated NotesSecurities, the obligation of the CompanyCompany or the Guarantor, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessDebt, is intended to rank equally with all other general obligations of the Companysame class of the Company or the Guarantor as specified in a Board Resolution or indenture supplemental hereto), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company or the Guarantor of the Holders of the Junior Subordinated Notes Securities and creditors of the Company or the Guarantor, as the case may be, other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Debt to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Allianz Finance III B.V., Allianz Finance III B.V.

Provisions Solely to Define Relative Rights. The provisions of this Article Thirteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities of each series on the one hand and the holders Senior Creditors of Senior Indebtedness the Issuer on the other hand. Nothing Other than as provided for in this Subordinated Indenture, any Board Resolutions or supplemental indentures pursuant to Section 3.01 with respect to any series of Securities, nothing contained in this Article or elsewhere in this Subordinated Indenture or in the Junior Subordinated Notes Securities is intended to or shall (aa)(i) impair, as among the CompanyIssuer, its creditors (other than holders of Senior Indebtedness Creditors) and the Holders of the Junior Subordinated Notesany Securities issued by such Issuer, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes such claims the principal of, premium, if any, on and interest (including Additional and Deferred Interest) , if any, on the Junior Subordinated Notes such Securities as and when the same shall become due and payable in accordance with their terms; terms and this Subordinated Indenture or (bii) affect the relative rights against the Company such Issuer of the Holders of the Junior Subordinated Notes any such Securities and creditors of the Company such Issuer (other than the holders of Senior Indebtedness; Creditors) or (ciii) prevent the Subordinated Trustee or the Holder of any Junior Subordinated Note such Holders from exercising all remedies otherwise permitted by applicable law upon default under this Subordinated Indenture, subject to the rights, if any, under this Article of the holders Senior Creditors of Senior Indebtedness the Issuer to receive cash, property and or securities otherwise payable or deliverable to the Subordinated Trustee or such Holder or, Holders; or (b) prevent the Subordinated Trustee or such Holders from exercising all remedies otherwise permitted by applicable law upon default under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303this Subordinated Indenture.

Appears in 2 contracts

Samples: Indenture (Prudential PLC), Prudential Subordinated Indenture (Prudential PLC)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Guarantor Senior Indebtedness on the other hand. Nothing contained herein or in this Article or elsewhere in this the Indenture or in the Junior Subordinated Notes is intended to or shall (ai) impair, as among the CompanyMulticare, its creditors other than holders of Guarantor Senior Indebtedness and the Holders of the Junior Subordinated NotesHolders, the obligation of the CompanyMulticare, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Notes under this Multicare Senior Subordinated Notes as and when the same shall become due and payable Guaranty in accordance with their its terms; or (bii) affect the relative rights against the Company Multicare of the Holders of the Junior Subordinated Notes and creditors of the Company Multicare other than their rights in relation to the holders of Guarantor Senior Indebtedness; or (ciii) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default Default under this the Indenture, subject to the rights, if any, under this Article of the holders of Guarantor Senior Indebtedness to receive distributions and payments otherwise payable to Holders (A) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of Multicare referred to in Section 3.02 of this Supplemental Indenture, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (B) under the conditions specified in Section 13033.03 of this Supplemental Indenture, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13033.03(c) of this Supplemental Indenture.

Appears in 2 contracts

Samples: Indenture (Multicare Companies Inc), Genesis Eldercare Acquisition Corp

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (ai) impair, as among the CompanyIssuer, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesHolders, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (bii) affect the relative rights against the Company Issuer of the Holders of the Junior Subordinated Notes and creditors of the Company Issuer other than their rights in relation to the holders of Senior Indebtedness; or (ciii) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default Default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive distributions and payments otherwise payable to Holders (A) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Issuer referred to in Section 11.02, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (B) under the conditions specified in Section 130311.03, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 130311.03(c).

Appears in 2 contracts

Samples: Indenture (Multicare Companies Inc), Genesis Eldercare Acquisition Corp

Provisions Solely to Define Relative Rights. The provisions of this Article 4 are and are intended solely for the purpose of defining the relative rights of the Holders holders of the Debentures on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 4 or elsewhere in this Indenture or in the Junior Subordinated Notes Debentures is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders holders of the Junior Subordinated NotesDebentures, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article 4 of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders holders of the Junior Subordinated Notes Debentures the principal ofamount of the Debentures, premiumInterest, if anythe redemption price with respect to the Debentures to be called for redemption in accordance with Section 3.02 or the repurchase price with respect to Debentures submitted for repurchase in accordance with Section 3.05 or Section 3.06, and interest (including Additional Interest) on as the Junior Subordinated Notes case may be, as provided in this Indenture as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders holders of the Junior Subordinated Notes Debentures and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder holder of any Junior Subordinated Note Debenture from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 4 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orholder. If the Company fails, under the conditions specified in Section 1303as a result of this Article 4, to prevent any payment prohibited by such Section or enforce their rights pursuant pay to the penultimate paragraph holders of the Debentures the principal amount of the Debentures, Interest, the redemption price with respect to the Debentures to be called for redemption in accordance with Section 13033.02 or the repurchase price with respect to Debentures submitted for repurchase in accordance with Section 3.05 or Section 3.06, as the case may be, as provided in this Indenture as and when the same shall become due and payable in accordance with their terms, such failure shall still constitute a Default or an Event of Default.

Appears in 2 contracts

Samples: Indenture (Commscope Inc), Indenture (Commscope Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article 12 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 12 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of its Senior Indebtedness and the Holders of the Junior Subordinated NotesHolders, the obligation Obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article 12 of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshalling of assets and liabilities of the Company referred to receive in Section 12.02, to receive, as required by and pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130312.03, to prevent any payment prohibited by such Section section or enforce their rights pursuant to Section 12.03(c). The failure to make a payment in respect of principal of, premium, if any, or interest on the penultimate paragraph in Section 1303Notes by reason of any provision of this Article 12 shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 2 contracts

Samples: Affinity Group Holding, Inc., Affinity Group Inc

Provisions Solely to Define Relative Rights. The provisions of this Article VII are and are intended solely for the purpose of defining the relative rights of the Holders of the 1997A Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article VII or elsewhere in this Supplemental Indenture or the Indenture or in the Junior Subordinated 1997A Notes is intended to or shall (a1) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated 1997A Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article VII of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated 1997A Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated 1997A Notes as and when the same shall become due and payable in accordance with their terms; or (b2) affect the relative rights against the Company of the Holders of the Junior Subordinated 1997A Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c3) prevent the Trustee or the Holder of any Junior Subordinated 1997A Note from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article VII of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Supplemental Indenture (Diamond Offshore Drilling Inc), Supplemental Indenture (Diamond Offshore Drilling Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article 13 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 13 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impairshall, as among between Alderwoods and the Company, its creditors other than holders of Senior Indebtedness Subsidiary Guarantors and the Holders of the Junior Subordinated Notes, : (a) impair the obligation obligations of Alderwoods and the CompanySubsidiary Guarantors, which is are absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against Alderwoods and the Company Subsidiary Guarantors of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 13 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder. Except as expressly provided in this Article 13, under nothing contained in this Article 13 shall affect the conditions specified obligation of Alderwoods and the Subsidiary Guarantors to make, or prevent Alderwoods or the Subsidiary Guarantors from making, payments of the principal of, premium, if any, and interest on the Subordinated Notes in Section 1303accordance with the provisions hereof and thereof, to or shall prevent the Trustee from applying any payment prohibited by such Section or enforce their rights pursuant moneys deposited with it hereunder to the penultimate paragraph in Section 1303payment of the principal of, premium, if any, and interest on the Subordinated Notes.

Appears in 2 contracts

Samples: Indenture (Loewen Group International Inc), Alderwoods Group Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Debt and Subordinated Indebtedness of the Issuer on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the CompanyIssuer, its creditors other than holders of Senior Debt and Subordinated Indebtedness of the Issuer, the Guarantor and the Holders of the Junior Subordinated NotesSecurities, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessDebt and Subordinated Indebtedness of the Issuer, is intended to rank equally with all other general obligations of the CompanyIssuer), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, Principal and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Issuer of the Holders of the Junior Subordinated Notes Securities and creditors of the Company Issuer other than the holders of Senior IndebtednessDebt and Subordinated Indebtedness of the Issuer; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Debt and Subordinated Indebtedness of the Issuer to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Indenture (Enstar Finance LLC), Enstar Group LTD

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest, if any) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 13031603, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13031603.

Appears in 2 contracts

Samples: Indenture (Semco Capital Trust Iii), Indenture (Semco Capital Trust)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture (other than in Section 1312) or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any) and interest on, and interest (including Additional Interest) on any other amount payable by the Junior Subordinated Notes Company under, the Securities or this Indenture as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 1302, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Section.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Hallwood Group Inc), Pledge and Security Agreement (Hallwood Group Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article ‎Article Fourteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness Debt of the Company on the other hand. Nothing contained in this Article ‎Article Fourteen or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a1) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt of the Company, and the Holders of the Junior Subordinated NotesSecurities, the obligation obligations of the Company, which is are absolute and unconditional (and which, subject to the rights under this Article ‎Article Fourteen of the holders of Senior IndebtednessDebt of the Company, is are intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b2) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessDebt of the Company; or (c3) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this IndentureIndenture including, without limitation, filing and voting claims in any Proceeding, subject to the rights, if any, under this Article ‎Article Fourteen of the holders of Senior Indebtedness Debt of the Company to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder. Without limiting the generality of the foregoing, under nothing contained in this ‎Article Fourteen will restrict the conditions specified in Section 1303, right of the Trustee or the Holders of Securities of any series to prevent take any payment prohibited by action to declare the Securities of such Section or enforce series to be due and payable prior to their rights stated maturity pursuant to the penultimate paragraph in Section 1303‎Section 502 or to pursue any rights or remedies hereunder.

Appears in 2 contracts

Samples: Aetna Inc /Pa/, Aetna Inc /Pa/

Provisions Solely to Define Relative Rights. The provisions of this Article 12 are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand hand, and the holders of Senior Indebtedness Indebtedness, on the other hand. Nothing contained in this Article 12 or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its the creditors of the Company other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal ofPrincipal Amount at Maturity, premiumIssue Price, accrued Original Issue Discount, Redemption Price, Purchase Price, Change of Control Purchase Price or interest, if any, and interest (including Additional Interest) on as the Junior Subordinated Notes case may be, in respect of the Securities as and when the same shall become due and payable in accordance with their termsthe terms of the Securities and this Indenture; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 12 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Indenture (Allergan Inc), Idec Pharmaceuticals Corp / De

Provisions Solely to Define Relative Rights. The provisions of Sections 1416 through 1429 of this Article are and Indenture are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Guarantor Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Companyany Guarantor, its creditors other than holders of Guarantor Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Companysuch Guarantor, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on on, the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against each of the Company Guarantors of the Holders of the Junior Subordinated Notes Securities and creditors of each of the Company Guarantors other than the holders of Guarantor Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Guarantor Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Guarantors referred to receive in Section 1417, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 13031418, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13031418(c).

Appears in 2 contracts

Samples: Indenture (Mallard & Mallard of La Inc), Indenture (Tri R of Orlando Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article Fourteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Notes on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article Fourteen or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article Fourteen of the holders of Senior Indebtedness Debt (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshalling 181 of assets and liabilities of the Company referred to receive in Section 14.02, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130314.03, to prevent any payment prohibited by such Section or enforce their rights pursuant to Section 14.03(c). The failure to make a payment on account of any Senior Subordinated Note Obligations by reason of any provision of this Article Fourteen shall not be construed as preventing the penultimate paragraph in Section 1303occurrence of a Default or an Event of Default hereunder.

Appears in 2 contracts

Samples: Indenture (Leiner Health Products Inc), Indenture (Leiner Health Products Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of Securities on the one hand and the holders of Senior Indebtedness Debt of the Corporation and the Guarantor, respectively, on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities or Guarantees, as the case may be, is intended to or shall (a) impair, as among between the CompanyCorporation or the Guarantor, its creditors other than holders of Senior Indebtedness as the case may be, and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)Corporation or the Guarantor, as the case may be, which are absolute and unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including any Additional Interest) on the Junior Subordinated Notes Securities or the Guarantees, as the case may be, as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Corporation or the Guarantor, as the case may be, of the Holders of the Junior Subordinated Notes Securities and creditors of the Company Corporation and the Guarantor, respectively, other than their rights in relation to the holders of Senior IndebtednessDebt of the Corporation or the Guarantor, as the case may be; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security (or to the extent expressly provided herein, the holder of any Capital Security) from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, including filing and voting claims in any Proceeding, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Debt of the Corporation or the Guarantor, as the case may be, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 2 contracts

Samples: Popular North America Capital Trust Iii, Popular North America Capital Trust I

Provisions Solely to Define Relative Rights. (a) The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 130312.3, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 130312.3.

Appears in 2 contracts

Samples: Indenture (Affiliated Managers Group, Inc.), Indenture (Affiliated Managers Group, Inc.)

Provisions Solely to Define Relative Rights. The provisions of this Article X are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article X or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the CompanyIssuer, its creditors other than holders of Senior Indebtedness and the Holders Holders, the Obligation of the Junior Subordinated Notes, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Issuer of the Holders of the Junior Subordinated Notes and creditors of the Company Issuer other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article X of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Issuer referred to receive in Section 10.02, to receive, pursuant to and in accordance with such section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130310.03, to prevent any payment prohibited by such Section section or enforce their rights pursuant to Section 10.03(c). The failure to make a payment on account of principal of, premium, if any, or interest on the penultimate paragraph in Section 1303Notes by reason of any provision of this Article X shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 1 contract

Samples: Canwest Media Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand hand, and the holders of Senior Indebtedness Indebtedness, on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and accrued interest (including Additional Interest) on on, or the Junior Subordinated Notes Redemption Price or Purchase Price in respect of the Securities, as and when the same shall become due and payable in accordance with their termsthe terms of the Securities and this Indenture; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Indenture (Noble International LTD)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the CompanyCompany or any Guarantor, as applicable, its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated NotesSecurities with the Guarantees endorsed thereon, the obligation of the CompanyCompany or any Guarantor, as applicable, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessDebt, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company or any Guarantor, as applicable, of the Holders of the Junior Subordinated Notes Securities and creditors of the Company or any Guarantor, as applicable, other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Debt to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder. If the Company or any Guarantor fails because of this Article 15 to pay principal of, premium, if any, or interest on a Security on the due date, the failure is still a default or event of default under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303this Indenture.

Appears in 1 contract

Samples: Allied Waste Industries Inc

Provisions Solely to Define Relative Rights. The ------------------------------------------- provisions of this Article are Agreement are, and are intended solely solely, for the purpose of defining the relative rights of the Holders Noteholders on the one hand and of the holders of Senior Indebtedness Banks on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Agreement is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness between Borrower and the Holders of the Junior Subordinated NotesNoteholders, the obligation of the CompanyBorrower, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes all TCW Indebtedness as and when the same shall become due and payable in accordance with their its terms; or (b) affect the relative rights against the Company Borrower of the Holders of the Junior Subordinated Notes Noteholders and any creditors of the Company Borrower other than the holders of Senior IndebtednessBanks; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Noteholders from exercising all remedies otherwise permitted by applicable law upon default under this Indenturethe TCW Agreement, subject to the rightsrights of the Banks, if anyapplicable, under this Article Agreement. Nothing contained in this Agreement is intended to or shall (a) impair, as between Borrower and the Banks, the obligation of Borrower, which is absolute and unconditional, to pay all Bank Indebtedness as and when the same shall become due and payable in accordance with its terms; (b) affect the relative rights against Borrower of the holders Banks and any creditors of Senior Indebtedness to receive cashBorrower other than the Noteholders; or (c) prevent the Banks from exercising all remedies otherwise permitted by applicable law upon default under the Bank Agreement, property and securities otherwise payable or deliverable subject to the Trustee or such Holder orrights of the Noteholders, if applicable, under this Agreement. Without the conditions specified in Section 1303consent of the Borrower, to prevent any payment prohibited the provisions of this Agreement defining the relative rights of the Noteholders and the Banks may be modified by such Section or enforce their the Noteholders and the Banks without modifying the rights pursuant of the Borrower, provided that Agent Noteholder and Agent Lender shall give notice thereof to the penultimate paragraph in Section 1303Borrower.

Appears in 1 contract

Samples: Intercreditor Agreement (Inland Resources Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article 11 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 11 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Companyany Issuer, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesHolders, the obligation of the CompanyIssuers, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Issuers of the Holders of the Junior Subordinated Notes and creditors of the Company Issuers other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article 11 of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Issuers referred to receive in Section 11.02 hereof, -134- to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130311.03, to prevent any payment prohibited by such Section or enforce their rights pursuant to Section 11.03(c) hereof. The failure to make a payment on account of principal of, premium, if any, or interest on the penultimate paragraph in Section 1303Notes by reason of any provision of this Article 11 shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 1 contract

Samples: Supplemental Indenture (Muzak Finance Corp)

Provisions Solely to Define Relative Rights. The provisions ------------------------------------------- of this Article are and are intended solely for the purpose of defining the relative rights of the Holders Noteholder on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Note is intended to or shall (a) impair, as among the CompanyPartnership, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated Notes, Noteholder the obligation of the CompanyPartnership, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Noteholder the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Note as and when the same shall become due and payable in accordance with their its terms; or (b) affect the relative rights against the Company Partnership of the Holders of the Junior Subordinated Notes Noteholder and creditors of the Company Partnership other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Noteholder from exercising all remedies otherwise permitted by applicable law upon default under this Indenturethe Note, subject to the rights, if any, under this Article of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Partnership referred to receive in Section 5.2, to receive, pursuant to and in accordance with such Section, cash, ----------- property and securities otherwise payable or deliverable to the Trustee Noteholder, or such Holder or, (2) under the conditions specified in Section 13035.3, to prevent any payment ----------- prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303.5.3(c). --------------

Appears in 1 contract

Samples: Brylane Inc

Provisions Solely to Define Relative Rights. The provisions of this Article 11 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 11 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Companyany Issuer, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesHolders, the obligation of the CompanyIssuers, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Issuers of the Holders of the Junior Subordinated Notes and creditors of the Company Issuers other than the holders of Senior Sen- ior Indebtedness; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article 11 of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Issuers referred to receive in Section 11.02 hereof, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130311.03, to prevent any payment prohibited by such Section or enforce their rights pursuant to Section 11.03(c) hereof. The failure to make a payment on account of principal of, premium, if any, or interest on the penultimate paragraph in Section 1303Notes by reason of any provision of this Article 11 shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 1 contract

Samples: Supplemental Indenture (Muzak Finance Corp)

Provisions Solely to Define Relative Rights. The provisions of this Article Section 9.1 are and are intended solely for the purpose of defining the relative rights of the Holders of the Bonds on the one hand and the holders of Company Senior Indebtedness on the other hand. Nothing contained in this Article Section 9.1 or elsewhere in this Supplemental Indenture or in the Junior Subordinated Notes Bonds or the Guarantee is intended to or shall (a) impair, as among between the Company, its creditors other than holders of Senior Indebtedness Company and the Holders of the Junior Subordinated NotesBonds, the obligation obligations of the Company, which is are absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Bonds principal of and (subject to Section 307 of the principal of, premium, if any, Base Indenture and Section 2.2 of this Supplemental Indenture) interest (including any Deferred Interest and Additional InterestAmounts) on and any make-whole or present value payment in respect of the Junior Subordinated Notes as Bonds and pay the consideration deliverable upon conversion of the Bonds, when and in the manner the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Bonds and creditors of the Company other than then their rights in relation to the holders of Company Senior Indebtedness; or (c) prevent the Trustee or the a Holder of any Junior Subordinated Note Bonds from exercising all remedies otherwise permitted by applicable law upon default under this IndentureSupplemental Indenture or the Base Indenture including, without limitation, filing and voting claims in any Company Proceeding, subject to the rights, if any, under this Article Section 9.1 of the holders of Company Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Second Supplemental Indenture (AngloGold Ashanti Holdings PLC)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this the Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Companyany Guarantor, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, such Guarantor which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company any Guarantor of the Holders of the Junior Subordinated Notes Securities and creditors of the Company such Guarantor other than the holders of Senior IndebtednessIndebtedness of such Guarantor; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the express limitations set forth in Article Five of the Indenture and to the rights, if any, under this Article of the holders of Senior Indebtedness of such Guarantor (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshalling of assets and liabilities of such Guarantor referred to receive in Section 302, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 1303303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Section.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Kroger Co)

Provisions Solely to Define Relative Rights. The provisions of this Article are and Section 5 are intended solely for the purpose of defining the relative rights of the Holders Holder of this Note on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Section 5 or elsewhere in this Indenture or in the Junior Subordinated Notes Note is intended to or shall (ai) impair, as among the CompanyMaker, its creditors other than holders of Senior Indebtedness and the Holders Holder of the Junior Subordinated Notesthis Note, the obligation of the CompanyMaker, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders Holder of the Junior Subordinated Notes this Note the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes this Note as and when the same shall become due and payable in accordance with their terms; or (bii) affect the relative rights against the Company Maker of the Holders Holder of the Junior Subordinated Notes this Note and creditors of the Company Maker other than the holders of Senior Indebtedness; or (ciii) except as provided in Section 5(m), prevent the Trustee or the Holder of any Junior Subordinated this Note from exercising all remedies otherwise permitted by applicable law upon default under this IndentureNote, subject to the rights, if any, under this Article Section 5 of the holders of Senior Indebtedness (A) upon any Insolvency Event, to receive receive, pursuant to and in accordance with Section 5(b), cash, property and securities otherwise payable or deliverable to the Trustee such Holder, or such Holder or, (B) under the conditions specified in Section 13035(c), to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13035(c)(iv).

Appears in 1 contract

Samples: Wellman Inc

Provisions Solely to Define Relative Rights. The provisions of this Article 12 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article 12 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated NotesHolders, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article 12 of the holders of Senior Indebtedness Debt (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 12.02 hereof, to receive, pursuant to and in accordance with such section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130312.03, to prevent any payment prohibited by such Section section or enforce their rights pursuant to Section 12.03(c) hereof. The failure to make a payment on account of principal of, premium, if any, or interest on the penultimate paragraph in Section 1303Notes by reason of any provision of this Article 12 shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 1 contract

Samples: Supplemental Indenture (Ifco Systems Nv)

Provisions Solely to Define Relative Rights. The provisions of this Article 12 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 12 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the CompanyIssuers, its their creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesHolders, the obligation of the CompanyIssuers, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Issuers of the Holders of the Junior Subordinated Notes and creditors of the Company Issuers other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article 12 of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshalling of assets and liabilities of either of the Issuers referred to receive in Section 12.02, to receive, pursuant to and in accordance with such section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130312.03, to prevent any payment prohibited by such Section section or enforce their rights pursuant to Section 12.03(c). The failure to make a payment on account of principal of, premium, if any, or interest on the penultimate paragraph in Section 1303Notes by reason of any provision of this Article 12 shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 1 contract

Samples: Norcross Capital Corp

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303.

Appears in 1 contract

Samples: Indenture (American General Corp /Tx/)

Provisions Solely to Define Relative Rights. The provisions of this Article Section 15 are and are intended solely for the purpose of defining the relative rights of the Holders of the Senior Subordinated Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Section 15 or elsewhere in this Indenture Agreement or in the Junior Senior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Senior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article Section 15 of the holders of Senior Indebtedness, is intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Senior Subordinated Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Senior Subordinated Notes and all other Subordinated Obligations as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Senior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default or otherwise under this IndentureAgreement, subject to the rights, if any, under this Article Section 15 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303of a Senior Subordinated Note.

Appears in 1 contract

Samples: Note Purchase Agreement (Digitalglobe Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Notes on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article or elsewhere in this Indenture the Indenture, the Guarantees or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the CompanyHigh Yield Subordinated Guarantor, its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated Notes, the obligation of the CompanyHigh Yield Subordinated Guarantor, xl which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company High Yield Subordinated Guarantor of the Holders of the Junior Subordinated Notes and creditors of the Company High Yield Subordinated Guarantor other than the holders of Senior IndebtednessDebt; or (c) prevent the High Yield Trustee or the Holder of any Junior Subordinated Note Notes from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Debt (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the High Yield Subordinated Guarantor referred to receive in Section 3, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the High Yield Trustee or such Holder orHolder, or (2) under the conditions specified in Section 13032, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13032 (c).

Appears in 1 contract

Samples: Intercompany Loan Agreement (Lucite International Finance PLC)

Provisions Solely to Define Relative Rights. The provisions of this Article Section 15 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Section 15 or elsewhere in this Indenture Agreement or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its their creditors other than holders of their Senior Indebtedness and the Holders of the Junior Subordinated NotesHolders, the obligation Obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article Section 15 of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshalling of assets and liabilities of the Company referred to receive in Section 15.02, to receive, as required by and pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee such Holder, or such Holder or, (2) under the conditions specified in Section 130315.03, to prevent any payment prohibited by such Section section or enforce their rights pursuant to Section 15.03(c). The failure to make a payment in respect of principal of, premium, if any, or interest on the penultimate paragraph in Notes by reason of any provision of this Section 130315 shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 1 contract

Samples: Purchase Agreement (Iowa Telecommunications Services Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand hand, and the holders of Senior Indebtedness Indebtedness, on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal ofPrincipal Amount, premiumIssue Price, Redemption Price, Purchase Price, Change in Control Purchase Price or contingent interest, if any, and interest (including Additional Interest) on as the Junior Subordinated Notes case may be, in respect of the Securities as and when the same shall become due and payable in accordance with their termsthe terms of the Securities and this Indenture; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Novellus Systems Inc

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Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness (and, in the case of Section 1415, the holders of Existing Subordinated Indebtedness and Entitled Persons in respect of Other Financial Obligations) on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the CompanyCorporation, its creditors other than holders of Senior Indebtedness Indebtedness, Entitled Persons in respect of Other Financial Obligations and the Holders of the Junior Subordinated NotesSecurities, the obligation of the CompanyCorporation, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessIndebtedness and the rights under Section 1415 of Entitled Persons in respect of Other Financial Obligations, is intended to rank equally with all other general obligations of the CompanyCorporation), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Corporation of the Holders of the Junior Subordinated Notes Securities and creditors of the Company Corporation other than the holders of Senior IndebtednessIndebtedness and of Existing Subordinated Indebtedness and of Entitled Persons in respect of Other Financial Obligations; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Indebtedness, and under Section 1415 of Entitled Persons in respect of Other Financial obligations, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Bankers Trust New York Corp

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand hand, and the holders of Senior Indebtedness Indebtedness, on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal ofPrincipal Amount, premiumIssue Price, accrued Original Issue Discount, Redemption Price, Purchase Price, Conversion Payment, Change in Control Purchase Price or interest, if any, and interest (including Additional Interest) on as the Junior Subordinated Notes case may be, in respect of the Securities as and when the same shall become due and payable in accordance with their termsthe terms of the Securities and this Indenture; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Brightpoint Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness (and, in the case of Section 1215, Entitled Persons in respect of Other Financial Obligations) on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of 72 Senior IndebtednessIndebtedness and the rights under Section 1215 of Entitled Persons in respect of Other Financial Obligations, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Indebtedness, and under Section 1215 of Entitled Persons in respect of Other Financial Obligations, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Indenture (First State Bancorporation)

Provisions Solely to Define Relative Rights. The -------------------------------------------- provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon any default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Afc Enterprises Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand hand, and the holders of Senior Indebtedness Indebtedness, on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal ofPrincipal Amount, premiumIssue Price, Accrued Original Issue Discount, Redemption Price, Purchase Price, Trigger Event Purchase Price, contingent interest, if any, and interest (including Additional Interest) on or interest, if any, as the Junior Subordinated Notes case may be, in respect of the Securities as and when the same shall become due and payable in accordance with their termsthe terms of the Securities and this Indenture; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Indenture (Vishay Intertechnology Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article SECTION 14 are and are intended solely for the purpose of defining the relative rights of the Holders holders of the Notes, on the one hand hand, and the holders of Permitted Senior Indebtedness Indebtedness, on the other hand. Nothing contained in this Article SECTION 14 or elsewhere in this Indenture Agreement or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, Company and its creditors other than holders of Permitted Senior Indebtedness and the Holders holders of the Junior Subordinated Notes, the 39 -34- obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders holders of the Junior Subordinated Notes the principal of, premium, and premium (if any, ) and interest (including Additional Interest) on on, the Junior Subordinated Notes and all other amounts payable under this Agreement as and when the same shall become due and payable payable, all in accordance with their termsthe terms hereof and of the Notes; or (b) affect the relative rights against the Company of the Holders holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Permitted Senior Indebtedness, it being expressly understood that the Notes, the indebtedness represented thereby and the payment of the principal of, and premium (if any) and interest on, the Notes and of all other amounts payable under this Agreement in all respects shall rank equally with, or prior to, all existing and future unsecured Indebtedness of the Company that is not Permitted Senior Indebtedness; or (c) prevent the Trustee or holders of the Holder of any Junior Subordinated Note Notes from exercising all remedies otherwise permitted by applicable law upon default under this IndentureAgreement, subject to the rights, if any, under this Article SECTION 14 of the holders of Permitted Senior Indebtedness (i) in any Insolvency or Liquidation Proceeding to receive receive, pursuant to and in accordance with SECTION 14.2, cash, property and securities otherwise payable or deliverable to the Trustee holders or such Holder orthe Notes, or (ii) under the conditions specified in Section 1303, SECTION 14.3 to prevent any payment prohibited by such Section SECTION 14.3; or enforce their (d) limit the rights of the holders of the Notes to take any action to accelerate the maturity of the Notes pursuant to the penultimate paragraph in Section 1303SECTION 11 or to pursue any rights or remedies hereunder or under applicable law.

Appears in 1 contract

Samples: Note Purchase Agreement (First Union Real Estate Equity & Mortgage Investments)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Debentures is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesDebentures, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)) , to pay to the Holders of the Junior Subordinated Notes Debentures the principal of, of (and premium, if any) and interest on, and interest (including Additional Interest) on to make any repurchases required by Article 14 of, the Junior Subordinated Notes Debentures as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Debentures and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Debenture from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Indenture (Gentiva Health Services Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article Agreement are and are intended solely for the purpose of defining the relative rights of the Holders holders of the Subordinated Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture Agreement or in the Junior Subordinated Notes (including, without limitation, the failure of any Noteholder to bring an Enforcement Action which is barred under the provisions of this Agreement) is intended to or shall (ai) impair, as among the CompanyIssuer, its creditors (other than holders of Senior Indebtedness Indebtedness) and the Holders of the Junior Subordinated NotesNoteholders, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Noteholders the principal of, premium, if anyand premium and interest on, and interest (including Additional Interest) on any other amount payable by the Junior Issuer under, the Subordinated Notes as and when the same shall become due and payable in accordance with their its terms; or (bii) affect the relative rights against the Company Issuer of the Holders of the Junior Subordinated Notes Noteholders and its creditors of the Company (other than the holders of Senior Indebtedness); or (ciii) prevent the Trustee or Noteholders from accelerating the Holder of any Junior Subordinated Note from Obligations and exercising all other remedies otherwise permitted by applicable law upon a default under the Subordinated Notes after the payment in full in Cash of the Senior Indebtedness and termination of commitments to make advances or issue letters of credit under the Senior Credit Agreement or otherwise in accordance with the provisions of this IndentureAgreement; or (iv) constitute or effect a waiver of any claims, subject defenses or rights of such Noteholders which may be available to them in an action by or against the rights, if any, under this Article of Issuer or any other creditor (other than the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Indebtedness).

Appears in 1 contract

Samples: Subordination Agreement (Color Spot Nurseries Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (ai) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, including the Make Whole Premium, if applicable) and interest (including Additional Interest, if any, and the Interest Make Whole Payment, if any) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (bii) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessDebt; or (ciii) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Debt to receive cash, property and securities otherwise payable or deliverable to such Holder; or (iv) affect the rights of the Trustee or such Holder or, under any Agent against the conditions specified in Section 1303, to Company or prevent the Trustee or any payment prohibited Agent from exercising all remedies otherwise permitted by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303applicable law upon breach of this Indenture.

Appears in 1 contract

Samples: Collegiate Pacific Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness Debt of the Corporation and the Guarantor, respectively, on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities or Guarantees, as the case may be, is intended to or shall (a) impair, as among between the CompanyCorporation or the Guarantor, its creditors other than holders of Senior Indebtedness as the case may be, and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)Corporation or the Guarantor, as the case may be, which are absolute and unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including any Additional Interest) on the Junior Subordinated Notes Securities or the Guarantees, as the case may be, as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Corporation or the Guarantor, as the case may be, of the Holders of the Junior Subordinated Notes Securities and creditors of the Company Corporation and the Guarantor, respectively, other than their rights in relation to the holders of Senior IndebtednessDebt of the Corporation or the Guarantor, as the case may be; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security (or to the extent expressly provided herein, the holder of any Capital Security) from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, including filing and voting claims in any Proceeding, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Debt of the Corporation or the Guarantor, as the case may be, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Indenture (Banponce Corp)

Provisions Solely to Define Relative Rights. The provisions of Sections 1416 through 1429 of this Article are and Indenture are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Guarantor Indebtedness on the other hand. Nothing contained in this Article Fourteen or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Companyany Guarantor, its creditors other than holders of Senior Guarantor Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Companysuch Guarantor, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on on, the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against each of the Company Guarantors of the Holders of the Junior Subordinated Notes Securities and creditors of each of the Company Guarantors other - 152 - than the holders of Senior Guarantor Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Fourteen of the holders of Senior Guarantor Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Guarantors referred to receive in Section 1417, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 13031418, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13031418(c).

Appears in 1 contract

Samples: Brooks Pharmacy, Inc.

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness (and, in the case of Section 1215, the creditors of General Obligations) on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessIndebtedness (and the rights under Section 1215 of creditors in respect of General Obligations), is intended to rank equally with all other general obligations General Obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, of and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, (and under Section 1215 of creditors in respect of General Obligations) under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Zions Bancorporation /Ut/

Provisions Solely to Define Relative Rights. The provisions of this Article 9 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 9 or elsewhere in this Indenture Agreement or in the Junior Subordinated Notes is intended to or shall shall: (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders Holders, the obligation of the Junior Subordinated NotesCompany, its creditors other than holders of Senior Indebtedness and the Holders, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article 9 of the holders of Senior Indebtednessindebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, of and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee Secured Party or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default under this IndentureAgreement, subject to the rights, if any, under this Article 9 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee Secured Party or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Unit Purchase Agreement (Hybridon Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities or coupons appertaining thereto on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities or coupons appertaining thereto is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities or coupons appertaining thereto, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities or coupons appertaining thereto the principal of, of and premium, if any, and interest (including on, and any Additional Interest) on Amounts with respect to, the Junior Subordinated Notes Securities or coupons appertaining thereto as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities or coupons appertaining thereto and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the occurrence of an Event of Default or prevent the Trustee or the Holder of any Junior Subordinated Note Security or coupon from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Snyder Oil Corp

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders holders of the Subordinated Obligations on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture Agreement or in the Junior Subordinated Notes any other Note Document is intended to or shall (a) impair, as among the Companyany Obligor, its creditors other than holders of Senior Indebtedness and the Holders holders of the Junior Subordinated NotesObligations, the obligation of the Companyeach Obligor, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders holders of the Junior Subordinated Notes Obligations the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their termsits terms and the terms of this Agreement; or (b) affect the relative rights against any Obligor to the Company holders of the Holders of the Junior Subordinated Notes Obligations and creditors of the Company any Obligor other than the holders of Senior Indebtedness; or (c) prevent the Trustee or holders of the Holder of any Junior Subordinated Note Obligations from exercising all remedies otherwise permitted by applicable law Applicable Law upon default under this IndentureAgreement, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable subject further to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303provisions of Sections 9.3(f) and (g).

Appears in 1 contract

Samples: Securities Purchase Agreement (Eagle Pacific Industries Inc/Mn)

Provisions Solely to Define Relative Rights. The provisions of this Article Fourteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness Debt of the Company on the other hand. Nothing contained in this Article Fourteen or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt of the Company, and the Holders of the Junior Subordinated NotesSecurities, the obligation obligations of the Company, which is are absolute and unconditional (and which, subject to the rights under this Article Fourteen of the holders of Senior IndebtednessDebt of the Company, is are intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessDebt of the Company; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this IndentureIndenture including, without limitation, filing and voting claims in any Proceeding, subject to the rights, if any, under this Article Fourteen of the holders of Senior Indebtedness Debt of the Company to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder. Without limiting the generality of the foregoing, under nothing contained in this Article Fourteen will restrict the conditions specified in Section 1303, right of the Trustee or the Holders of Securities of any series to prevent take any payment prohibited by action to declare the Securities of such Section or enforce series to be due and payable prior to their rights stated maturity pursuant to the penultimate paragraph in Section 1303502 or to pursue any rights or remedies hereunder.

Appears in 1 contract

Samples: Aetna Inc /Pa/

Provisions Solely to Define Relative Rights. The provisions of this Article 13 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 13 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impairshall, as among between LGII and the Company, its creditors other than holders of Senior Indebtedness Subsidiary Guarantors and the Holders of the Junior Subordinated Notes, : (a) impair the obligation obligations of LGII and the CompanySubsidiary Guarantors, which is are absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against LGII and the Company Subsidiary Guarantors of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 13 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder. Except as expressly provided in this Article 13, under nothing contained in this Article 13 shall affect the conditions specified obligation of LGII and the Subsidiary Guarantors to make, or prevent LGII or the Subsidiary Guarantors from making, payments of the principal of, premium, if any, and interest on the Subordinated Notes in Section 1303accordance with the provisions hereof and thereof, to or shall prevent the Trustee from applying any payment prohibited by such Section or enforce their rights pursuant moneys deposited with it hereunder to the penultimate paragraph in Section 1303payment of the principal of, premium, if any, and interest on the Subordinated Notes.

Appears in 1 contract

Samples: Loewen Group International Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and 12 are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand hand, and the holders of Senior Indebtedness Indebtedness, on the other hand. Nothing contained in this Article 12 or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its the creditors of the Company other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal ofPrincipal Amount at Maturity, premiumRestated Principal Amount, Issue Price, accrued Original Issue Discount, Redemption Price, Purchase Price, Change of Control Purchase Price or interest, if any, and interest (including Additional Interest) on as the Junior Subordinated Notes case may be, in respect of the Securities as and when the same shall become due and payable in accordance with their termsthe terms of the Securities and this Indenture; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 12 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: TJX Companies Inc /De/

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness (and, in the case of Section 1116, the creditors in respect of General Obligations) on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessIndebtedness (and the rights under Section 1116 of creditors in respect of General Obligations), is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness (and under Section 1116 of creditors in respect of General Obligations) to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Indenture (Bryan College Station Financial Holding Co)

Provisions Solely to Define Relative Rights. The provisions of this Article 12 are and are intended solely for the purpose of defining the relative rights of the Holders of the Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 12 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article 12 of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, of and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies hereunder (including the right to accelerate the maturity of the Notes) or otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 12 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Supplemental Indenture (Better Home & Finance Holding Co)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any) and interest on, and interest (including Additional Interest) on to make any repurchases required by Article Fourteen of, the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Intermagnetics General Corp

Provisions Solely to Define Relative Rights. The provisions of this Article ARTICLE 11 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article ARTICLE 11 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors (other than holders of Senior Indebtedness Indebtedness) and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article ARTICLE 11 of the holders of Senior Indebtedness, is intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising (subject to the proviso to the first sentence of SECTION 7.02) all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article ARTICLE 11 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to such Holder or the Trustee or such Holder or, under on behalf of the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holders.

Appears in 1 contract

Samples: Indenture (Veterinary Centers of America Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities of a series on the one hand and the holders of Senior Indebtedness (and, in the case of Section 1315, Entitled Persons in respect of Other Financial Obligations) on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities of any series is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities of any series, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessIndebtedness and the rights under Section 1315 of Entitled Persons in respect of Other Financial Obligations, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities of a series the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities of such series as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities of a series and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security of any series from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Indebtedness, and under Section 1315 of Entitled Persons in respect of Other Financial Obligations, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Popular International Bank Inc

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness Debt of the Company on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt of the Company, and the Holders of the Junior Subordinated NotesSecurities, the obligation obligations of the Company, which is are absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessDebt of the Company, is are intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior IndebtednessDebt of the Company; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this IndentureIndenture including, without limitation, filing and voting claims in any Proceeding, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Debt of the Company to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder. Without limiting the generality of the foregoing, under nothing contained in this Article will restrict the conditions specified in Section 1303, right of the Trustee or the Holders of Securities of any series to prevent take any payment prohibited by action to declare the Securities of such Section or enforce series to be due and payable prior to their rights stated maturity pursuant to the penultimate paragraph in Section 1303502 or to pursue any rights or remedies hereunder.

Appears in 1 contract

Samples: Aetna Capital Trust Iv

Provisions Solely to Define Relative Rights. The provisions of this Article Fourteen are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Fourteen or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesHolders, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article Fourteen of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshalling of assets and liabilities of the Company referred to receive in Section 14.02, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130314.03, to prevent any payment prohibited by such Section or enforce their rights pursuant to Section 14.03(c). The failure to make a payment on the penultimate paragraph in Section 1303Notes by reason of any provision of this Article Fourteen shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 1 contract

Samples: Gsi Group Inc

Provisions Solely to Define Relative Rights. The provisions of this Article 6 are and are intended solely for the purpose of defining the relative rights of the Trustee and the Holders of the Series E Notes on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article 6 or elsewhere in this Supplemental Indenture or in the Junior Subordinated Series E Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt and the Trustee and the Holders of the Junior Subordinated Series E Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article 6 of the holders of Senior IndebtednessDebt, is intended to rank equally with all other general obligations of the Company), to pay to the Trustee for the Holders of the Junior Subordinated Series E Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Series E Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Trustee, the Holders of the Junior Subordinated Series E Notes and creditors of the Company other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the any Holder of any Junior Subordinated Series E Note from exercising all remedies otherwise permitted by applicable law upon default under this Supplemental Indenture, subject to this Article 6, including the rights, if any, under this Article 6 of the holders of Senior Indebtedness Debt to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder holder or, under the conditions specified in Section 13036.03, to prevent any payment prohibited by such Section section or enforce their rights pursuant to the penultimate paragraph in Section 1303Article 6.

Appears in 1 contract

Samples: Puerto Rico Stock Purchase Agreement (Telecorp PCS Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and Thirteen are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Thirteen or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, and interest (including Additional Interest) on on, the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of or the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Thirteen of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 1302, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303section.

Appears in 1 contract

Samples: Brooks Pharmacy, Inc.

Provisions Solely to Define Relative Rights. The provisions of this Article Section 3 are for, and are intended solely for for, the purpose of defining the relative rights of the Holders Holder, on the one hand hand, and the holders of Senior Indebtedness Debt, on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Section 3 is intended to or shall (a) impair, as among the Company, Company and its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated NotesHolder, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes Holder the principal of, premium, if any, of and interest (including Additional Interest) on the Junior Subordinated Notes this Note as and when the same shall become due and payable payable, all in accordance with their termsthe terms hereof; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Holder and creditors of the Company other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default under this IndentureAgreement, subject to the rights, if any, under this Article Section 3 of the holders of Senior Indebtedness Debt (i) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 3(b), to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee Holder, or such Holder or, (ii) under the conditions specified in Section 13033(c), to prevent any payment prohibited prohibiting by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Section.

Appears in 1 contract

Samples: Ocular Sciences Inc /De/

Provisions Solely to Define Relative Rights. The ------------------------------------------------ provisions of this Article 10 are and are intended solely for the purpose of defining the relative rights of the Holders of the Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article 10 or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Notes from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 10 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Envirosource Inc

Provisions Solely to Define Relative Rights. The provisions of this Article Thirteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities of each series on the one hand and the holders Senior Creditors of Senior Indebtedness the Issuer on the other hand. Nothing Other than as provided for in this Subordinated Indenture, any Board Resolutions or supplemental indentures executed pursuant to Section 3.01 with respect to any series of Securities, nothing contained in this Article or elsewhere in this Subordinated Indenture or in the Junior Subordinated Notes Securities is intended to or shall (aa)(i) impair, as among the CompanyIssuer, its creditors (other than holders of Senior Indebtedness Creditors) and the Holders of the Junior Subordinated Notesany Securities issued by such Issuer, the obligation of the CompanyIssuer, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes such claims the principal of, premium, if any, on and interest (including Additional and Deferred Interest) , if any, on the Junior Subordinated Notes such Securities as and when the same shall become due and payable in accordance with their terms; terms and this Subordinated Indenture or (bii) affect the relative rights against the Company such Issuer of the Holders of the Junior Subordinated Notes any such Securities and creditors of the Company such Issuer (other than the holders of Senior Indebtedness; Creditors) or (ciii) prevent the Subordinated Trustee or the Holder of any Junior Subordinated Note such Holders from exercising all remedies otherwise permitted hereunder or by applicable law upon default under this Subordinated Indenture, subject to the rights, if any, under this Article of the holders Senior Creditors of Senior Indebtedness the Issuer to receive cash, property and or securities otherwise payable or deliverable to the Subordinated Trustee or such Holder or, Holders; or (b) prevent the Subordinated Trustee or such Holders from exercising all remedies otherwise permitted hereunder or by applicable law upon default under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303this Subordinated Indenture.

Appears in 1 contract

Samples: Subordinated Indenture (Prudential PLC)

Provisions Solely to Define Relative Rights. The -------------------------------------------- provisions of this Article XII are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article XII or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article XII of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal ofPrincipal Amount, premiumIssue Price, if anyaccrued Original Issue Discount, and interest (including Additional Interest) Redemption Price, Purchase Price, Conversion Payment, Change in Capital Purchase Price or cash interest, as the case may be, on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article XII of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Xerox Corp

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Senior Subordinated Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Senior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Senior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Senior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Senior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Senior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Senior Subordinated Note Notes from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to receive in Section 8.02, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 13038.03, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 13038.03(c).

Appears in 1 contract

Samples: Indenture (Trism Inc /De/)

Provisions Solely to Define Relative Rights. The provisions of this Article 10 are and are intended solely for the purpose of defining the relative rights of the Trustee and the Holders of the Series E Notes on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article 10 or elsewhere in this Supplemental Indenture or in the Junior Subordinated Series E Notes or in any Guarantee is intended to or shall (a) impair, as among the CompanyGuarantors, its creditors other than holders of Senior Indebtedness Debt and the Trustee and the Holders of the Junior Subordinated Series E Notes, the obligation of the Companyeach Guarantor, which is absolute and unconditional (and which, subject to the rights under this Article 10 of the holders of Senior IndebtednessDebt, is intended to rank equally with all other general obligations of the Companysuch Guarantor), to pay to the Trustee for the Holders of the Junior Subordinated Series E Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Series E Notes as and when the same shall become due and payable in accordance with their termsthe terms of each Guarantor's Guarantee; or (b) affect the relative rights against any Guarantor of the Company of Trustee, the Holders of the Junior Subordinated Series E Notes and the creditors of the Company such Guarantor other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee on behalf of the Holders or the any Holder of any Junior Subordinated Series E Note from exercising all remedies otherwise permitted by applicable law upon default under this Supplemental Indenture, subject to this Article 10, including the rights, if any, under this Article 10 of the holders of Senior Indebtedness Debt to receive cash, property or and securities otherwise payable or deliverable to the Trustee or such Holder holder or, under the conditions specified in Section 130310.03, to prevent any payment prohibited by such Section section or enforce their rights pursuant to the penultimate paragraph in Section 1303Article 10.

Appears in 1 contract

Samples: Puerto Rico Stock Purchase Agreement (Telecorp PCS Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, premium, if any, of and interest (including Additional Interest) on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities -62- 73 otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Microsoft Corp

Provisions Solely to Define Relative Rights. The provisions of this Article Sixteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Sixteen or elsewhere in this Indenture or in the Junior Subordinated Notes Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated NotesSecurities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article Sixteen of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Junior Subordinated Notes Securities the principal of, of and premium, if any, and interest (including Additional Interest) interest, if any, on the Junior Subordinated Notes Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Sixteen of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Boston Properties LTD Partnership

Provisions Solely to Define Relative Rights. The provisions of this Article Fourteen are and are intended solely for the purpose of defining the relative rights of the Holders of the Notes on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article Fourteen or elsewhere in this Indenture or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company)unconditional, to pay to the Holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article Fourteen of the holders of Senior Indebtedness Debt (1) in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshalling of assets and liabilities of the Company referred to receive in Section 14.2, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder orHolder, or (2) under the conditions specified in Section 130314.3, to prevent any payment prohibited by such Section or enforce their rights pursuant to Section 14.3(c). The failure to make a payment on the penultimate paragraph in Section 1303Notes by reason of any provision of this Article Fourteen shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

Appears in 1 contract

Samples: Indenture (Foster Wheeler LTD)

Provisions Solely to Define Relative Rights. The provisions of ------------------------------------------- this Article section 14 are and are intended solely for the purpose of defining the relative rights of the Holders holders of the Notes on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article section 14 or elsewhere in this Indenture Agreement or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt and the Holders holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article section 14 of the holders of Senior IndebtednessDebt, is intended to rank equally with all other general obligations of the Company), to pay to the Holders holders of the Junior Subordinated Notes the principal of, premium, if any, and interest (including Additional Interest) on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default under this IndentureAgreement, subject to this section 14, including the rights, if any, under this Article section 14 of the holders of Senior Indebtedness Debt to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder holder or, under the conditions specified in Section 1303section 14.3, to prevent any payment prohibited by such Section section or enforce their rights pursuant to the penultimate paragraph in Section 1303section 14.

Appears in 1 contract

Samples: Securities Purchase Agreement (Telecorp PCS Inc)

Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders holders of Debentures on the one hand and the holders of Senior Indebtedness Debt on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Junior Subordinated Notes Debentures is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness Debt and the Holders holders of the Junior Subordinated NotesDebentures, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior IndebtednessDebt, is intended to rank equally with all other general obligations of the Company), to pay to the Holders holders of the Junior Subordinated Notes Debentures the principal of, premium, if any, and interest (including Additional Interest) Interest on the Junior Subordinated Notes Debentures as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company Company, of the Holders holders of the Junior Subordinated Notes Debentures and creditors of the Company Company, other than the holders of Senior IndebtednessDebt; or (c) prevent the Trustee or the Holder holder of any Junior Subordinated Note Debenture from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness Debt to receive cash, property and securities Debentures otherwise payable or deliverable to the Trustee or such Holder orholder. If the Company fails because of this Article 16 to pay principal of, premium, if any, or Interest on a Debenture on the due date, the failure is still a default or Event of Default under this Indenture. Nothing in this Article 16 shall have any effect on the conditions specified in Section 1303, right of holders of Debentures or the Trustee to prevent any payment prohibited by such Section or enforce their rights pursuant to accelerate the penultimate paragraph in Section 1303maturity of the Debentures.

Appears in 1 contract

Samples: Indenture (Allied Waste Industries Inc)

Provisions Solely to Define Relative Rights. The provisions of ------------------------------------------- this Article Section 13 are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article Section 13 or elsewhere in this Indenture Agreement or in the Junior Subordinated Notes is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Junior Subordinated Notes, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article Section 13 of the holders of Senior Indebtedness, is intended to rank equally with all other general unsecured obligations of the Company), to pay to the Holders of the Junior Subordinated Notes the principal of, of (and premium, if any, ) and interest (including Additional Interest) and any Special Interest on the Junior Subordinated Notes as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Junior Subordinated Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Junior Subordinated Note from exercising all remedies otherwise permitted by applicable law upon default under this IndentureAgreement, subject to the rights, if any, under this Article Section 13 of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder or, under the conditions specified in Section 1303, to prevent any payment prohibited by such Section or enforce their rights pursuant to the penultimate paragraph in Section 1303Holder.

Appears in 1 contract

Samples: Purchase Agreement (Dollar Financial Group Inc)

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