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 principal of, premium, if any, or interest on the Subordinated Securities by reason of any provision of this Article 13 shall not be construed as preventing the occurrence of an Event of Default under Section 5.01 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default or in any way prevent the Holders of Subordinated Securities from exercising any right hereunder other than the right to receive payment on the Subordinated Securities.

Appears in 5 contracts

Samples: Subordinated Indenture (Xylem Inc.), Indenture (ITT Corp), Indenture (Xylem Inc.)

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Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, of or premium (if any, ) or interest on or any Additional Amounts with respect to the Subordinated Securities by reason of any provision of this Article 13 Thirteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 5.01 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default 501 or in any way prevent the Holders of Subordinated the Securities from exercising any right hereunder other than the right to receive payment on the Subordinated Securities.

Appears in 2 contracts

Samples: Indenture (Landrys Seafood Restaurants Inc), Indenture (Midcoast Energy Resources Inc)

Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, or interest on on, the Subordinated Securities by reason of any provision of this Article 13 11 shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 5.01 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default 6.1 or in any way prevent the Holders of Subordinated Securities from exercising any right hereunder other than the right to receive payment on the Subordinated Securities.

Appears in 2 contracts

Samples: Indenture (Platinum Technology Inc), Indenture (Platinum Technology Inc)

Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, or interest on on, the Subordinated Securities by reason of any provision of this Article 13 11 shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 5.01 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default 6.1 or in any way prevent preventing the Holders of Subordinated Securities from exercising any right hereunder hereunder, other than the right to receive payment on the Subordinated Securities.

Appears in 1 contract

Samples: Indenture (Platinum Technology Inc)

Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, of or premium (if any, ) or interest on the Subordinated Securities by reason of any provision of this Article 13 Thirteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 5.01 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default 501 or in any way prevent the Holders of Subordinated the Securities from exercising any right hereunder other than the right to receive payment on the Subordinated Securities.

Appears in 1 contract

Samples: Indenture (Key Energy Services Inc)

Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, interest on, or interest on Additional Amounts with respect to, the Subordinated Securities by reason of any provision of this Article 13 11 shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 5.01 or an event which with 501 of the giving of notice or lapse of time, or both, would become an Event of Default Indenture or in any way prevent the Holders of Subordinated Securities or the Trustee from exercising any right or remedy hereunder or at law or in equity other than the right to receive payment on the Subordinated SecuritiesSecurities in accordance with the terms of this Article 11.

Appears in 1 contract

Samples: Third Supplemental Indenture (Health & Retirement Properties Trust)

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Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, Principal of or interest on the Subordinated Securities by reason of any provision of this Article 13 11 shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 5.01 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default 7.01 or in any way prevent the Holders of Subordinated Securities from exercising any right hereunder other than the right to receive payment on the Subordinated Securities.

Appears in 1 contract

Samples: Subordinated Indenture (Credit Suisse Group)

Not to Prevent Events of Default. The failure to make a payment on account of principal of, premium, if any, or interest on the Subordinated Securities by reason of any provision of in this Article 13 12 shall not be construed as preventing the occurrence of an Event of Default with respect to such Securities under Section 5.01 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default or in any way prevent the Holders of Subordinated Securities from exercising any right hereunder other than the right to receive payment on the Subordinated Securities6.01.

Appears in 1 contract

Samples: Indenture (National Healthcare Corp)

Not to Prevent Events of Default. The failure to make a payment under the Guarantee on account of principal of, premium, if any, Principal of or interest on the Subordinated Securities by reason of any provision of this Article 13 12 shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 5.01 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default 7.01 or in any way prevent the Holders of Subordinated Securities from exercising any right hereunder other than the right to receive payment under the Guarantee on the Subordinated Securities.

Appears in 1 contract

Samples: Subordinated Indenture (Credit Suisse Group)

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