EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fourteen shall be of no further effect with respect to all or a portion of Senior Indebtedness, and the Securities shall no longer be subordinated in right of payment to the prior payment of such Senior Indebtedness, to the extent that the Company shall have delivered to the Trustee a notice to such effect specifying therein such Senior Indebtedness to which the Securities shall no longer be subordinated. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve hereof.
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Samples: Indenture (Washington Water Power Capital Iii), Indenture (Washington Water Power Capital Iii)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fourteen shall be of no further effect with respect to all or a portion of Senior Indebtednesseffect, and the Securities shall no longer be subordinated in right of payment to the prior payment of such Senior Indebtedness, if, and to the extent that extent, the Company shall have delivered to the Trustee a notice to such effect specifying therein such Senior Indebtedness to which the Securities shall no longer be subordinatedeffect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve hereof.Twelve. ARTICLE FIFTEEN IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
Appears in 2 contracts
Samples: Indenture (Florida Power & Light CO Trust II), Indenture (FPL Group Trust II)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fourteen Fifteen shall be of no further effect with respect to all or a portion of Senior Indebtednesseffect, and the Securities shall no longer be subordinated in right of payment to the prior payment of such Senior IndebtednessIndebtedness of the Company, if, and to the extent that extent, the Company shall have delivered to the Trustee a notice to such effect specifying therein such Senior Indebtedness to which the Securities shall no longer be subordinatedeffect. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve hereof.Twelve. ARTICLE SIXTEEN IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
Appears in 2 contracts
Samples: Indenture (FPL Group Capital Inc), Indenture (FPL Group Inc)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Indenture shall be subject to the provisions of this Article, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of this Article Fourteen shall be of no further effect with respect to all or a portion of Senior Indebtedness, and the Securities shall no longer be subordinated in right of payment to the prior payment of such Senior Indebtedness, to the extent that the Company shall have delivered to the Trustee a notice to such effect specifying therein such Senior Indebtedness to which the Securities shall no longer be subordinated. Any such notice delivered by the Company shall not be deemed to be a supplemental indenture for purposes of Article Twelve hereof.. --------------------------------
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