Common use of Obligations Created by Article Clause in Contracts

Obligations Created by Article. 5 (a) the provisions of this Article 5 are an inducement and consideration to each holder of Senior Indebtedness to give or continue credit to the Company or others or to acquire Senior Indebtedness; (b) each holder of Senior Indebtedness may accept the benefit of this Article 5 on the terms and conditions set forth in this Article 5 by giving or continuing credit to the Company or others or by acquiring Senior Indebtedness, in each case without notice to the Trustees or any Holder and without establishing actual reliance on this Article 5; and (c) each obligation created by this Article 5 is created for the benefit of the holders of Senior Indebtedness and is hereby declared to be created in trust for those holders by the Company, the Trustees and each Holder of Securities and shall be binding on the Company, the Trustees and each Holder of Securities whether or not the confirmation described in Section 5.10 is requested, executed or delivered.

Obligations Created by Article. 5 (a) the provisions of this Article 5 are an inducement and consideration to each holder of Senior Indebtedness to give or continue credit to the Company or others or to acquire Senior Indebtedness; (b) each holder of Senior Indebtedness may accept the benefit of this Article 5 on the terms and conditions set forth in this Article 5 by giving or continuing credit to the Company or others or by acquiring Senior Indebtedness, in each case without notice to the Trustees Trustee or any Holder and without establishing actual reliance on this Article 5; and (c) each obligation created by this Article 5 is created for the benefit of the holders of Senior Indebtedness and is hereby declared to be created in trust for those holders by the Company, the Trustees Trustee and each Holder of Securities and shall be binding on the Company, the Trustees Trustee and each Holder of Securities whether or not the confirmation described in Section 5.10 is requested, executed or delivered.