Article Thirteen Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium (if any) or interest on the Securities by reason of any provision of this Article Thirteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 501 or in any way prevent the Holders of the Securities from exercising any right hereunder other than the right to receive payment on the Securities.
Appears in 7 contracts
Samples: Indenture (Noble Drilling Corp), Noble Drilling Corp, Noble Drilling Corp
Article Thirteen Not to Prevent Events of Default. The failure to make a payment on account of principal of, of or premium (if any) or interest on the Securities by reason of any provision of this Article Thirteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 501 or in any way prevent the Holders of the Securities from exercising any right hereunder other than the right to receive payment on the Securities.
Appears in 6 contracts
Samples: Indenture (Transocean Offshore Inc), Indenture (Key Energy Group Inc), Indenture (Transocean Sedco Forex Inc)
Article Thirteen Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium (if any) or interest on the Securities of any series by reason of any provision of in this Article Thirteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 501 or in any way prevent the Holders of the Securities from exercising any right hereunder other than the right to receive payment on the Securities5.1.
Appears in 3 contracts
Samples: Senior Indenture (Hovnanian Enterprises Inc), Hovnanian Enterprises Inc, Hovnanian Enterprises Inc
Article Thirteen Not to Prevent Events of Default. The failure to make a payment on account of principal of, of or premium (if any) or interest on or any Additional Amounts with respect to the Securities by reason of any provision of this Article Thirteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 501 or in any way prevent the Holders of the Securities from exercising any right hereunder other than the right to receive payment on the Securities.
Appears in 1 contract
Samples: Indenture (Veritas DGC Inc)
Article Thirteen Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium (if any) of or interest on the Securities by reason of any provision of this Article Thirteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 501 or in any way prevent the Holders of the Securities from exercising any right hereunder other than the right to receive payment on the Securities.
Appears in 1 contract
Samples: Amerco /Nv/
Article Thirteen Not to Prevent Events of Default. The failure to make a payment on account of principal of, of or premium (if any) or interest on the Securities by reason of any provision of this Article Thirteen ARTICLE THIRTEEN shall not be construed as preventing the occurrence of a Default or an Event of Default under Section SECTION 501 or in any way prevent the Holders of the Securities from exercising any right hereunder other than the right to receive payment on the Securities.
Appears in 1 contract
Samples: Indenture (Grey Wolf Inc)