May Hold Senior Notes Clause Samples
The "May Hold Senior Notes" clause permits certain parties, such as trustees or agents, to purchase, own, or otherwise hold senior notes issued under the agreement. In practice, this means that these parties are not disqualified from acquiring the notes for their own account, even though they may also have administrative or fiduciary roles in relation to the notes. This clause ensures that potential conflicts of interest are addressed by explicitly allowing such holdings, thereby clarifying the rights of involved parties and preventing disputes over eligibility to hold the notes.
May Hold Senior Notes. The Trustee, any Authenticating Agent, any Paying Agent, any Securities Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Senior Notes and may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Securities Registrar or such other agent.
May Hold Senior Notes. The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Issuer or the Guarantors or the Trustee (in each case, including its officers, directors, employees and affiliates), in its individual or any other capacity, may become the owner or pledgee of, or acquire any interest in, any Senior Notes and, subject to Sections 608 and 613, may otherwise deal with the Issuer and the Guarantors with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent.