Common use of Benefit of Indenture Clause in Contracts

Benefit of Indenture. Nothing in this Indenture or in the Debentures, express or implied, shall give or be construed to give to any Person, other than the parties hereto, the holders of the Capital Securities pursuant to Section 7.8 and the holders of the Debentures (and, with respect to the provisions of Article XVI, the holders of Senior Indebtedness) any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto, the holders of the Capital Securities pursuant to Section 7.8 and of the holders of the Debentures (and, with respect to the provisions of Article XVI, the holders of Senior Indebtedness).

Appears in 3 contracts

Samples: First Financial (First Financial Capital Trust II), Great Southern (Great Southern Capital Trust IV), Indenture (Horizon Financial Capital Trust II)

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Benefit of Indenture. Nothing in this Indenture or in the Debentures, express or implied, shall give or be construed to give to any Person, other than the parties hereto, the holders of the Capital Securities Preferred Securityholders pursuant to Section 7.8 and the holders of the Debentures (and, with respect to the provisions of Article XVI, the holders of Senior Indebtedness) any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto, the holders of the Capital Securities Preferred Securityholders pursuant to Section 7.8 and of the holders of the Debentures (and, with respect to the provisions of Article XVI, the holders of Senior Indebtedness).

Appears in 2 contracts

Samples: Indenture (Capitol Trust Xv), Capitol Bancorp LTD

Benefit of Indenture. Nothing in this Indenture or in the Debentures, express or implied, shall give or be construed to give to any Person, other than the parties hereto, the holders of the Capital Securities pursuant to Section 7.8 Debentures and the holders of the Debentures Trust Securities as provided herein (and, with respect to the provisions of Article XVI, the holders of Senior Indebtedness) any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions conditions, and provisions being for the sole benefit of the parties hereto, the holders of the Capital Securities pursuant to Section 7.8 Debentures and of the holders of the Debentures Trust Securities to the extent provided herein (and, with respect to the provisions of Article XVI, the holders of Senior Indebtedness).

Appears in 2 contracts

Samples: Indenture (American Community Bancshares Inc), Carolina Bank Holdings Inc

Benefit of Indenture. Nothing in this Indenture or in the Debentures, express or implied, shall give or be construed to give to any Person, other than the parties hereto, the holders of the Capital Debentures, the holders of the Preferred Securities pursuant with respect to Section 7.8 Sections 7.1(b), 7.6 and 15.12 and the holders of the Debentures (and, Senior Indebtedness with respect to the provisions of Article XVI, the holders of Senior Indebtedness) any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto, the holders of the Capital Securities pursuant to Section 7.8 and of Debentures, the holders of the Debentures (andPreferred Securities with respect to Sections 7.1(b), 7.6 and 15.12 and the holders of Senior Indebtedness with respect to the provisions of Article XVI, the holders of Senior Indebtedness).

Appears in 1 contract

Samples: CNB Holdings Inc /Ga/

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Benefit of Indenture. Nothing in this Indenture or in the DebenturesSecurities, express or implied, shall give or be construed to give to any Person, other than the parties hereto, the holders of Holders, the Capital Securities pursuant to Section 7.8 Property Trustee and the holders of the Debentures Preferred Securities as provided herein (and, with respect to the provisions of Article XVI16, the holders of Senior Indebtedness) any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties heretohereto and of the Holders, the Property Trustee and the holders of the Capital Preferred Securities pursuant to Section 7.8 and of the holders of the Debentures as provided herein (and, with respect to the provisions of Article XVI16, the holders of Senior Indebtedness).

Appears in 1 contract

Samples: Ncbe Capital Trust I

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