Assignment of Junior Claims. (a) So long as LTC Equity Holding Company holds a sufficient amount of Notes such that LTC Equity Holding Company constitutes a Requisite Noteholder, paragraphs (b) and (c) of this Section 8.7 shall have no force and effect. In the event LTC Equity Holding Company shall cease to hold a sufficient amount of Notes such that LTC Equity Holding Company is no longer a Requisite Noteholder, paragraphs (b) and (c) of this Section 8.7 shall be in effect.
Appears in 4 contracts
Samples: Note Purchase Agreement (Regent Assisted Living Inc), Note Purchase Agreement (Regent Assisted Living Inc), Note Purchase Agreement (Regent Assisted Living Inc)
