Common use of Covenants of Holders Clause in Contracts

Covenants of Holders. Until all of the Senior Indebtedness has been paid in full in cash. (a) The Holder shall not sell, assign, transfer or pledge this Subordinated Note unless expressly subject to the terms of this Annex B or take any security or collateral to secure this Subordinated Note; (b) The Holder shall not release, exchange, extend the time of payment of, compromise, set off or otherwise discharge any part of this Subordinated Note or modify or amend this Subordinated Note in such manner as to have an adverse effect upon the rights of the holder of Senior Indebtedness without such holder's prior written consent; (c) The Holder hereby undertakes and agrees for the benefit of the holder of Senior Indebtedness that, upon the occurrence and during the continuance of a Senior Default, it shall take any actions reasonably requested by the holder of Senior Indebtedness to effectuate the full benefit of the subordination contained herein; and (d) The Holder hereby undertakes and agrees for the benefit of the holder of Senior Indebtedness that he will not vote his claim or claims with respect to this Subordinated Note in a manner inconsistent with the terms of this Annex B.

Covenants of Holders. Until all of the Senior Indebtedness has been paid in full in cash. (a) The Holder shall not sell, assign, transfer or pledge this Subordinated Note unless expressly subject to the terms of this Annex B A or take any security or collateral to secure this Subordinated Note; (b) The Holder shall not release, exchange, extend the time of payment of, compromise, set off or otherwise discharge any part of this Subordinated Note or modify or amend this Subordinated Note in such manner as to have an adverse effect upon the rights of the holder of Senior Indebtedness without such holder's prior written consent; (c) The Holder hereby undertakes and agrees for the benefit of the holder of Senior Indebtedness that, upon the occurrence and during the continuance of a Senior Default, it shall take any actions reasonably requested by the holder of Senior Indebtedness to effectuate the full benefit of the subordination contained herein; and (d) The Holder hereby undertakes and agrees for the benefit of the holder of Senior Indebtedness that he will not vote his claim or claims with respect to this Subordinated Note in a manner inconsistent with the terms of this Annex B.A.