Common use of Not to Prevent Events of Default Clause in Contracts

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of an Event of Default under Section 8.1.

Appears in 6 contracts

Samples: Indenture (Boston Chicken Inc), Indenture (Sterling Software Inc), Indenture (Equity Corp International)

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Not to Prevent Events of Default. The failure to make a payment on account of the principal of (premium, if any) or interest on the Securities by reason of any provision in this Article 5 10 shall not be construed as preventing the occurrence of an Event of Default under Section 8.16.01.

Appears in 5 contracts

Samples: Indenture (Sizeler Property Investors Inc), Indenture (Sizeler Property Investors Inc), Indenture (Sizeler Property Investors Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 13 shall not be construed as preventing the occurrence of an Event of Default under Section 8.15.1.

Appears in 5 contracts

Samples: Indenture (At&t Wireless Services Inc), Indenture (Icos Corp / De), Indenture (Northwest Airlines Inc /Mn)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 12 shall not be construed as preventing the occurrence of an Event of Default under Section 8.15.1.

Appears in 4 contracts

Samples: Indenture (Ual Corp /De/), Indenture (Robbins & Myers Inc), Indenture (Ual Corp Capital Trust I)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of of, premium, if any, or interest on the Securities by reason of any provision in this Article 5 11 shall not be construed as preventing the occurrence of an Event of Default with respect to such Securities under Section 8.16.1.

Appears in 4 contracts

Samples: Indenture (Rent Way Inc), Indenture (Sterling House Corp), Indenture (Assisted Living Concepts Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest or Liquidated Damages, if any, on the Securities Notes by reason of any provision in this Article 5 6 shall not be construed as preventing the occurrence of an any Event of Default under Section 8.15.01.

Appears in 3 contracts

Samples: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities securities by reason of any provision in of this Article 5 X shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 8.16.1.

Appears in 3 contracts

Samples: Indenture (Big Flower Holdings Inc/), Indenture (Big Flower Press Holdings Inc /Pred/), Indenture (Big Flower Press Holdings Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities of any series by reason of any provision in this Article 5 13 shall not be construed as preventing the occurrence of an Event of Default under Section 8.15.1.

Appears in 3 contracts

Samples: Senior Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of an Event of Default under Section 8.18.01.

Appears in 2 contracts

Samples: Indenture (Smurfit Stone Container Corp), Indenture (Smurfit Stone Container Corp)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of a default or an Event of Default under Section 8.1Default.

Appears in 2 contracts

Samples: Indenture (Beyond Com Corp), Indenture (Usinternetworking Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities Debentures by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of an Event of Default under Section 8.1.

Appears in 2 contracts

Samples: Indenture (Mci Worldcom Inc), Indenture (Skytel Communications Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities any Amounts Payable by reason of any provision in of this Article 5 shall not be construed as preventing the occurrence of an Event of Default under Section 8.14.1 hereof, except as provided in Section 5.2(b).

Appears in 2 contracts

Samples: Non Negotiable Subordinated Note (Jordan Industries Inc), Non Negotiable Subordinated Note (Jordan Industries Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of principal, premium, if any, or interest or Additional Interest, if any, on the Securities Notes by reason of any provision in this Article 5 6 shall not be construed as preventing the occurrence of an any Event of Default under Section 8.15.01.

Appears in 2 contracts

Samples: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 12 shall not be construed as preventing the occurrence of an Event of Default under Section 8.17.1.

Appears in 2 contracts

Samples: Indenture (Commonwealth Telephone Enterprises Inc /New/), Indenture (Global Telesystems Group Inc)

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Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of an Event of Default under Section 8.18.01 or limiting the right of the Trustee or the Holders of Securities to take any action to accelerate the maturity of the Securities pursuant to Article 8 or to pursue any rights or remedies hereunder or under applicable law.

Appears in 1 contract

Samples: Indenture (Westmoreland Coal Co)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities Subordinated Security Obligations by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of a default or an Event of Default under Section 8.1Default.

Appears in 1 contract

Samples: Indenture (Alza Corp)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 7 shall not be construed as preventing the occurrence of an Event of Default under Section 8.18.01.

Appears in 1 contract

Samples: Indenture (Toll Corp)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities Subordinated Indebtedness by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of an Event of Default under Section 8.1.

Appears in 1 contract

Samples: Indenture (Family Golf Centers Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest (including Additional Interest) on the Securities by reason of any provision in of this Article 5 shall will not be construed as preventing the occurrence of an Event of Default under Section 8.1Default.

Appears in 1 contract

Samples: Indenture (Flextronics International LTD)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 13 shall not be construed as preventing the occurrence of an Event of Default under Section 8.15.1.

Appears in 1 contract

Samples: Indenture (Progressive Corp/Oh/)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in of this Article 5 shall not be construed as preventing the occurrence of an Event of Default under specified in Section 8.16.01(a), (b) or (c).

Appears in 1 contract

Samples: Indenture (Triton PCS Holdings Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest on the Securities by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of an any Event of Default under Section 8.18.01.

Appears in 1 contract

Samples: Indenture (Birner Dental Management Services Inc)

Not to Prevent Events of Default. The failure to make a payment on account of the principal of or interest Interest on the Securities by reason of any provision in this Article 5 shall not be construed as preventing the occurrence of a default or an Event of Default under Section 8.1Default.

Appears in 1 contract

Samples: Indenture (Act Manufacturing Inc)

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