Common use of Exercise of Rights of Trustee or Securityholders May Not Be Hindered or Delayed by Call of Meeting Clause in Contracts

Exercise of Rights of Trustee or Securityholders May Not Be Hindered or Delayed by Call of Meeting. Nothing contained in this Article X shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Securityholders or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Securityholders under any of the provisions of this Indenture or of the Securities.

Appears in 4 contracts

Samples: Indenture (Transtexas Gas Corp), Indenture (Smartalk Teleservices Inc), Indenture (Transtexas Gas Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.