Company's Obligations Unimpaired. The provisions of this Article 10 are solely for the purpose of defining the relative rights of the holders of Senior Indebtedness on the one hand, and the Purchasers on the other hand, and nothing herein shall impair, as between the Company and the Purchasers, the obligation of the Company, which is unconditional and absolute, to pay the principal, premium, if any, and interest on the Notes in accordance with this Agreement and the terms of the Notes, nor shall anything herein prevent the Purchasers from exercising all remedies otherwise permitted by applicable law or under this Agreement or the Notes upon the occurrence of an Event of Default, subject to the rights of the holders of Senior Indebtedness as herein provided for.
Appears in 2 contracts
Samples: Securities Purchase Agreement (General Electric Capital Corp), Securities Purchase Agreement (Krauses Furniture Inc)
Company's Obligations Unimpaired. The provisions of this Article 10 11 are solely for the purpose of defining the relative rights of the holders of Senior Indebtedness on the one hand, and the Purchasers Purchaser on the other hand, and nothing herein shall impair, as between the Company and the PurchasersPurchaser, the obligation of the Company, Company which is unconditional and absolute, to pay the principal, premium, if any, and interest interest, if payable, on the Notes in accordance with this Agreement and the terms of the Notes, nor shall anything herein prevent the Purchasers Purchaser from exercising all remedies otherwise permitted by applicable law or under this Agreement or the Notes upon the occurrence of an Event of Default, subject to the rights of the holders of Senior Indebtedness as herein provided for.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Healthcare Capital Partners Lp), Securities Purchase Agreement (Gensia Sicor Inc)
Company's Obligations Unimpaired. The provisions of this Article 10 are solely for the purpose of defining the relative rights of the holders of Senior Indebtedness on the one hand, and the Purchasers Purchaser on the other hand, and nothing herein shall impair, as between the Company and the PurchasersPurchaser, the obligation of the Company, Company which is unconditional and absolute, to pay the principal, premium, if any, and interest on the Notes in accordance with this Agreement and the terms of the Notes, nor shall anything herein prevent the Purchasers Purchaser from exercising all remedies otherwise permitted by applicable law or under this Agreement or the Notes upon the occurrence of an Event of Default, subject to the rights of the holders of Senior Indebtedness as herein provided for.
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Company's Obligations Unimpaired. The provisions of this Article 10 9 -------------------------------- are solely for the purpose of defining the relative rights of the holders of Senior Indebtedness on the one hand, and the Purchasers Purchaser on the other hand, and nothing herein shall impair, as between the Company and the PurchasersPurchaser, the obligation of the Company, Company which is unconditional and absolute, to pay the principal, premium, if any, and interest interest, if payable, on the Notes in accordance with this Agreement and the terms of the Notes, nor shall anything herein prevent the Purchasers Purchaser from exercising all remedies otherwise permitted by applicable law or under this Agreement or the Notes upon the occurrence of an Event of Default, subject to the rights of the holders of Senior Indebtedness as herein provided for.
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