Common use of Obligation of the Company Unconditional Clause in Contracts

Obligation of the Company Unconditional. Nothing contained in this Article Eleven or elsewhere in this Indenture or in any Security is intended to or shall impair, as between the Company, its creditors other than holders of Senior Debt and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of and interest on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of the Senior Debt, nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default, under this Indenture, subject to the rights, if any, under this Article Eleven of the holders of Senior Debt in respect of cash, property or securities of the Company receives upon the exercise of any such remedy. Nothing contained in this Article Eleven or elsewhere in this Indenture or in any Security is intended to or shall affect the obligation of the Company to make, or prevent the Company from making, at any time except during the pendency of any dissolution, winding up, liquidation or reorganization proceeding, and except during the continuance of any event of default specified in Section 11.02 (not cured or waived) payments at any time of the principal of or interest on the Securities.

Obligation of the Company Unconditional. Nothing contained --------------------------------------- in this Article Eleven or elsewhere in this Indenture or in any Security the Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Debt Indebtedness, and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of and interest on and any additional amounts owing in respect of the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of the Senior Debt, Indebtedness nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default, default under this Indenture, subject to the rights, if any, under this Article Eleven of the holders of Senior Debt Indebtedness in respect of cash, property or securities of the Company receives received upon the exercise of any such remedy. Nothing contained in this Article Eleven Upon any payment or elsewhere in this Indenture or in any Security is intended to or shall affect the obligation distribution of assets of the Company referred to makein this Article, the Trustee and the Holders of the Securities shall be entitled to rely upon any order or prevent the Company from making, at decree made by any time except during the pendency court of competent jurisdiction in which any such dissolution, winding up, liquidation or reorganization proceeding, and except during proceeding affecting the continuance of any event of default specified in Section 11.02 (not cured or waived) payments at any time affairs of the principal of Company is pending or interest on the Securities.upon

Obligation of the Company Unconditional. Nothing contained in this Article Eleven Thirteen or elsewhere in this Indenture or in any Security Note is intended to or shall impair, as between the Company, its creditors other than holders of Senior Debt Indebtedness and the Holders of the SecuritiesNotes, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities Notes the principal of and premium, if any, and interest on the Securities Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Securities Notes and creditors of the Company other than the holders of the Senior DebtIndebtedness, nor shall anything herein or therein prevent the Trustee or the Holder of any Security Note from exercising all remedies otherwise permitted by applicable law upon default, default under this Indenture, subject to the rights, if any, under this Article Eleven Thirteen of the holders of Senior Debt Indebtedness in respect of cash, property or securities of the Company receives received upon the exercise of any such remedy. Nothing contained in this Article Eleven Thirteen or elsewhere in this Indenture or in any Security Note is intended to or shall affect the obligation of the Company to make, or prevent the Company from making, at any time except during the pendency of any dissolution, winding up, liquidation or reorganization proceeding, and except during the continuance of any event of default specified as provided in Section 11.02 (not cured or waived) 1302, payments at any time of the principal of of, premium, if any, or interest on the SecuritiesNotes .