Common use of Obligations Not Impaired Clause in Contracts

Obligations Not Impaired. No present or future holder of any Senior Debt shall be prejudiced in the right to enforce the subordination of Senior Subordinated Obligations by any act or failure to act on the part of the Company. Nothing contained in this Article 10 shall impair, as between the Company and any holder of Senior Subordinated Obligations, the obligation of the Company to pay to such holder the principal thereof and premium, if any, and interest thereon as and when the same shall become due and payable in accordance with the terms thereof, or prevent any holder of any Senior Subordinated Obligation from exercising all rights, powers and remedies otherwise permitted by applicable law or under any agreement under which such Senior Subordinated Obligation was incurred, all subject to the rights of the holders of Senior Debt to receive cash, securities or other property otherwise payable or deliverable to the holders of Senior Subordinated Obligations.

Obligations Not Impaired. No present or future holder of any Senior Debt shall be prejudiced in the right to enforce the subordination of Senior the Subordinated Obligations Debt by any act or failure to act on the part of the Company. Nothing contained in this Article 10 Section 11 shall impair, as between the Company and any holder of Senior Subordinated ObligationsDebt, the obligation of the Company Company, which is absolute and unconditional, to pay to such holder the principal thereof and premiumPrepayment Compensation, if any, and interest thereon as and when the same shall become due and payable in accordance with the terms thereofof this Agreement, or prevent any holder of any Senior Subordinated Obligation Debt from exercising all rights, powers and remedies otherwise permitted by applicable law or under any agreement under which such Senior Subordinated Obligation was incurredthis Agreement, all subject to the rights of the holders of the Senior Debt to receive cash, securities Securities or other property Property otherwise payable or deliverable to the holders of Senior Subordinated ObligationsDebt.

Obligations Not Impaired. No present or future holder of any Senior Debt shall be prejudiced in the right to enforce the subordination of Senior Subordinated Obligations Debt by any act or failure to act on the part of the Company. Nothing contained in this Article 10 Section 1 shall impair, as between the Company and any holder of Senior Subordinated ObligationsDebt, the obligation of the Company to pay to such holder the principal thereof and premiuminterest on the Subordinated Debt, if any, and interest thereon as and when the same shall become due and payable in accordance with the terms thereof, or prevent any holder of any Senior Subordinated Obligation Debt from exercising all rights, powers and remedies otherwise permitted by applicable law or under any agreement under which such Senior Subordinated Obligation Debt was incurred, all subject to the rights of the holders of the Senior Debt to receive cash, securities or other property otherwise payable or deliverable to the holders of Senior Subordinated ObligationsDebt as provided in this Section 1.

Obligations Not Impaired. No present or future holder of any Senior Debt shall be prejudiced in the right to enforce the subordination of Senior Subordinated Obligations Debt by any act or failure to act on the part of the Company. Nothing contained in this Article Section 10 shall impair, as between the Company and any holder of Senior Subordinated ObligationsDebt, the obligation of the Company to pay to such holder the principal thereof and premiumthe Prepayment Compensation Amount, if any, and interest thereon as and when the same shall become due and payable in accordance with the terms thereof, or prevent any holder of any Senior Subordinated Obligation Debt from exercising all rights, powers and remedies otherwise permitted by applicable law or under any agreement under which such Senior Subordinated Obligation was incurredthis Agreement, all subject to the rights of the holders of the Senior Debt to receive cash, securities Securities or other property Property otherwise payable or deliverable to the holders of Senior Subordinated ObligationsDebt.