Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 7 contracts
Samples: Indenture (Axia Inc), Indenture (America Bank Note Holographics Inc), Indenture (Airxcel Inc)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Fifteen or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of and premium, if any, 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 IndebtednessDebt, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Fifteen of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Debt.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Fifteen will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 5.2 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securitieswith respect to any Security.
Appears in 6 contracts
Samples: Indenture (Just Energy Group Inc.), Indenture (Newpark Resources Inc), Indenture (TODCO Mexico Inc.)
Obligations of Company Unconditional. Reinstatement. Nothing contained in this Article Eight 10 or elsewhere in this Indenture or in the Securities any Debenture is intended to or shall impair, as among between the Company and the Holders of the SecuritiesDebentures, the obligation obligations of the Company, which is are absolute and unconditional, to pay to the such Holders of the Securities the principal of and premium, if any, and interest on the Securities Debentures 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 such Holders of the Securities Debentures and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Trustee or any Holder of any Security Debentures or the Trustee on their behalf holder of Preferred Securities, as applicable, from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight 10 of the holders of the such Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting The failure to make a scheduled payment of principal of or premium, if any, or interest on the generality Debentures by reason of Section 10.02 shall not be construed as preventing the foregoing, nothing contained in this Article Eight shall restrict the right occurrence of the Trustee or the Holders an Event of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Default under Section 6.01 or to pursue any rights or remedies hereunderhereof; provided, however, that all Senior Indebtedness then due if (i) the conditions preventing the making of such payment no longer exist, and payable shall first be paid in full in cash before the (ii) such Holders of the Securities or Debentures are made whole with respect to such omitted payments, the Trustee are entitled Event of Default relating thereto (including any failure to receive pay any direct or indirect payment from accelerated amounts) shall be automatically waived, and the Company provisions of principal the Indenture shall be reinstated as if no such Event of or interest on the SecuritiesDefault had occurred.
Appears in 6 contracts
Samples: Indenture (Public Service Electric & Gas Co), Indenture (Pseg Funding Trust Ii), Indenture (Pseg Funding Trust Ii)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Fourteen or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, premium, if any, 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 IndebtednessDebt, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Fourteen of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Debt.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Fourteen will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 5.1 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securitieswith respect to any Security.
Appears in 6 contracts
Samples: Indenture (Alto Ingredients, Inc.), Indenture (Pacific Ethanol, Inc.), Indenture (Globalstar, Inc.)
Obligations of Company Unconditional. Nothing contained in this Article Eight Twelve or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Twelve of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Twelve shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 4 contracts
Samples: Indenture (Collins & Aikman Products Co), Indenture (Collins & Aikman Products Co), Indenture (Collins & Aikman Products Co)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 IndebtednessDebt, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 4 contracts
Samples: Indenture (Tekni Plex Inc), Indenture (Tekni Plex Inc), Indenture (Dolco Packaging Corp /De/)
Obligations of Company Unconditional. Nothing contained in this Article Eight Eleven or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Eleven of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Eleven shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash (and no Payment Blockage Period shall be in effect) before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 3 contracts
Samples: Indenture (Standard Pacific Corp /De/), Subordinated Debt Securities Indenture (Standard Pacific Corp /De/), Indenture (Standard Pacific Corp /De/)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities 6 is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolder, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities Holder the principal of of, premium on and interest on the Securities this Note 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 Holder and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this IndentureNote, subject to the rights, if any, under this Article Eight 6 of the holders of the Senior Indebtedness in respect of cash, cash equivalents, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight 6 shall restrict the right of the Trustee or the Holders of Securities Holder to take any action to declare the Securities this Note to be due and payable prior to their stated maturity pursuant to Section 6.01 3.1 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash cash, or have provision made for such payment in a manner satisfactory to the holders of such Senior Indebtedness, before the Holders of the Securities or the Trustee are Holder is entitled to receive any direct or indirect payment from the Company of principal of or of, premium and interest on the Securities(and other obligations, if any, with respect to) this Note.
Appears in 3 contracts
Samples: Note Agreement (Charter Communications Inc /Mo/), Note (Charter Communications Inc /Mo/), Note (Allen Paul G)
Obligations of Company Unconditional. Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute unconditional and unconditionalabsolute, to pay to the Holders of the Securities the principal of of, premium, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Trustee or any Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article Eight Ten, of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Ten will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 3 contracts
Samples: Indenture (Winstar Communications Inc), Indenture (Winstar Communications Inc), Senior Subordinated Deferred Interest Notes Indenture (Winstar Communications Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, premium, if any, 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 IndebtednessDebt, nor shall anything herein or therein prevent the any Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable shall first be paid -------- ------- in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 3 contracts
Samples: Indenture (Triton PCS Inc), Indenture (Triton PCS Holdings Inc), Indenture (Triton PCS Holdings Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company (other than Collateral held in the Escrow Account) received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 2 contracts
Samples: Indenture (Tci Satellite Entertainment Inc), Indenture (Tci Satellite Entertainment Inc)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight 8 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among between the Company and the Holders of the SecuritiesNotes, the obligation of the 40 145 Company, which is absolute and unconditional, to pay to the Holders of the Securities Notes the principal of of, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf Note from exercising all remedies otherwise permitted by applicable law upon default under this IndentureNote, subject to the rights, if any, under this Article Eight 8 of the holders of the Senior Indebtedness in respect of cash, property property, or securities of the Company received upon the exercise of any such remedy. .
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight 8 shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 Article 5 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee Notes are entitled to receive any direct or indirect payment from the Company of principal of or of, premium, if any, and interest on the SecuritiesNotes.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Kevco Inc), Securities Purchase Agreement (Kevco Partners Investment Trust)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, 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 Indebtedness, nor shall anything herein or therein prevent the any Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 2 contracts
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Ten will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 2 contracts
Samples: Indenture (Primark Corp), Indenture (Extended Stay America Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company 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 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section SECTION 6.01 or to pursue any rights or remedies hereunder; providedPROVIDED, howeverHOWEVER, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNotes.
Appears in 2 contracts
Samples: Indenture (Polymer Group Inc), Indenture (Polymer Group Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight 10 or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight 10 of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight 10 shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are is entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 2 contracts
Samples: Indenture (General Cable Corp /De/), Indenture (Vail Resorts Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; providedPROVIDED, howeverHOWEVER, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 2 contracts
Obligations of Company Unconditional. Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company 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 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Ten shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNotes.
Appears in 2 contracts
Samples: Indenture (Atlantic Broadband Management, LLC), Indenture (Language Line Costa Rica, LLC)
Obligations of Company Unconditional. Nothing contained in this Article Eight 10 or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute unconditional and unconditionalabsolute, to pay to the Holders of the Securities the principal of of, premium, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of Trustee or any Security or the Trustee on their behalf Holders from exercising all remedies otherwise permitted by applicable law upon default a Default or an Event of Default under this Indenture, subject to the rights, if any, under this Article Eight 10, of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall 10 will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 7.01 or to pursue any rights or remedies hereunder; providedPROVIDED, howeverHOWEVER, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 2 contracts
Samples: Indenture (International Fast Food Corp), Indenture (International Fast Food Corp)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight XV or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders holders of the SecuritiesNotes, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities such holders the principal of of, 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 such holders and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder holders of any Security Notes or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the subordination rights, if any, under this Article Eight XV of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall herein will restrict the right of the Trustee or the Holders of Securities holders to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities holders or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or principal, premium and interest on the SecuritiesNotes.
Appears in 2 contracts
Samples: Indenture (Agco Corp /De), Indenture (Agco Corp /De)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight 8 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among between the Company 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 of, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf Note from exercising all remedies otherwise permitted by applicable law upon default under this IndentureNote, subject to the rights, if any, under this Article Eight 8 of the holders of the Senior Indebtedness in respect of cash, property property, or securities of the Company received upon the exercise of any such remedy. .
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight 8 shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 Article 5 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee Notes are entitled to receive any direct or indirect payment from the Company of principal of or of, premium, if any, and interest on the SecuritiesNotes.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Kevco Inc), Securities Purchase Agreement (Kevco Partners Investment Trust)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Fifteen or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, premium, if any, 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 IndebtednessDebt, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Fifteen of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Debt.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Fifteen will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 5.1 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securitieswith respect to any Security.
Appears in 2 contracts
Samples: Indenture (DEP Operating Partnership, L.P.), Indenture (Constellation Energy Partners LLC)
Obligations of Company Unconditional. Nothing contained in this Article Eight Eleven or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Eleven of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Eleven shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 2 contracts
Samples: Indenture (Standard Pacific Corp /De/), Indenture (Standard Pacific Corp /De/)
Obligations of Company Unconditional. Nothing contained in this Article Eight Seven or elsewhere in the Indenture, this Supplemental Indenture or in the Securities Notes is intended to or shall impair, as among the Company 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 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under the Indenture and this Supplemental Indenture, subject to the rights, if any, under this Article Eight Seven of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Seven shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 5.1 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNotes.
Appears in 2 contracts
Samples: Supplemental Indenture (Canandaigua LTD), Exhibit (Constellation Brands Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company 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 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNotes.
Appears in 2 contracts
Samples: Indenture (Tanner Chemicals Inc), Indenture (Amo Holdings LLC)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, 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 IndebtednessDebt, nor shall anything herein or therein prevent the any Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 2 contracts
Samples: Indenture (United Auto Group Inc), Indenture (United Auto Group Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities Section 8 is intended to or shall impair, as among between the Company and the Holders of the SecuritiesHolder, the obligation obligations of the Company, which is are absolute and unconditional, to pay to the Holders of the Securities Holder the principal of of, premium, if any, on and interest on the Securities this Note as and when the same shall become due and payable in accordance with their terms, its terms or is intended to or shall affect the relative rights of the Holders of the Securities Holder and creditors of the Company other than the holders of the Senior IndebtednessDebt, nor and, except as provided in Section 8.5, nothing contained herein shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenturean Event of Default, subject to the rights, if any, under this Article Eight Section 8 of the holders of the such Senior Indebtedness Debt in respect of cash, property property, security or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities The failure to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect make a payment from the Company on account of principal of of, premium, if any on or interest on this Note by reason of any provision of this Section 8 shall not be construed as preventing the Securitiesoccurrence of an Event of Default under Section 9. Upon any payment or distribution of assets of the Company referred to in this Section 8, the Holder shall be entitled to rely upon any order or decree made by any court of competent jurisdiction or upon any certificate of the Representative or of the liquidating trustee or agent or other person making any distribution to the Holder for the purpose of ascertaining the persons entitled to participate in such distribution, the holders of the Senior Debt and other Indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Section 8.
Appears in 2 contracts
Samples: Junior Subordinated Convertible Note (Brickman Group LTD), Junior Subordinated Note (Brickman Group LTD)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon 77 default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Ten will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash cash, before the Holders of the Securities or the Trustee on behalf of the Holders are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNote Obligations.
Appears in 1 contract
Samples: Indenture (Regal Cinemas Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities 10 is intended to or shall impair, as among between the Company and the Holders of the SecuritiesHolders, the obligation obligations of the Company, which is are absolute and unconditional, to pay to the Holders of the Securities Holder the principal of of, premium, if any, on and interest on the Securities as and when the same shall become due and payable in accordance with their terms, its 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 IndebtednessDebt, nor and, except as otherwise expressly provided herein, nothing contained herein shall anything herein or therein prevent the any Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this IndentureDefault, subject to the rights, if any, under this Article Eight 10 of the holders of the such Senior Indebtedness Debt in respect of cash, property property, security or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing Nothing contained in this Article Eight shall restrict 10 or in the right Securities shall, except during the pendency of any dissolution, winding-up, liquidation, reorganization, recapitalization or readjustment of the Trustee or Company, affect the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders obligation of the Securities Company to make, or the Trustee are entitled to receive any direct or indirect payment from prevent the Company from making, at any time (except under the circumstances described in Section 10.2) payment of principal of or interest on the Securities. Upon any payment or distribution of assets of the Company referred to in this Article 10, the Holders shall be entitled to rely upon any unstayed, final, nonappealable order or decree made by any court of competent jurisdiction or upon any certificate of any agent or other person for the purpose of ascertaining the persons entitled to participate in any distribution, the holders of the Senior Debt and other Indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article 10.
Appears in 1 contract
Samples: Indenture (Intersil Holding Co)
Obligations of Company Unconditional. (i) Nothing contained in this Article Eight Section 4 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company 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 of, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf Notes from exercising all remedies otherwise permitted by applicable law upon default under this Indenturethe Notes, subject to the rights, if any, under this Article Eight Section 4 of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. .
(ii) Without limiting the generality of the foregoing, nothing contained in this Article Eight Section 4 shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 21(a) or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee Notes are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNotes.
Appears in 1 contract
Samples: Modification Agreement (St John Knits International Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among between the Company 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 and Liquidated Damages, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest or Liquidated Damages, if any, on the Securities.. 70 -63-
Appears in 1 contract
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company 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 of, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 6.02 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of of, premium, if any, or interest on the SecuritiesNotes.
Appears in 1 contract
Samples: Indenture (Nbty Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight Twelve or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Twelve of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Twelve shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are is entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 1 contract
Samples: Indenture (HPH Homebuilders 2000 Lp)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 of, premium, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 1 contract
Samples: Indenture (St John Knits Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight Twelve or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Twelve of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Twelve shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; providedPROVIDED, howeverHOWEVER, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are is entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 1 contract
Samples: Indenture (Horton D R Inc /De/)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight 15 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, ; as among the Company and the Holders of the Securitiesholders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities holders the principal of of, 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 holders and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight 15 of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, ; nothing contained in this Article Eight shall 15 will restrict the right of the Trustee or the Holders of Securities holders to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities holders or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or principal, premium and interest on the SecuritiesNotes.
Appears in 1 contract
Samples: Indenture (Agco Corp /De)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities Ten is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Ten will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 6.02 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNotes.
Appears in 1 contract
Samples: Indenture (Scotsman Industries Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight 10 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among between the Company 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 interest and premium and Special Interest, if any, 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 IndebtednessCredit Facility Debt, nor shall anything herein or therein prevent the Holder holder of any Preferred Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight 10 of the holders of the Senior Indebtedness Credit Facility Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight 10 shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 Article 6 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Credit Facility Debt then due and payable shall first be paid in full in cash before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal or premium, if any, of or interest or Special Interest, if any, on the SecuritiesNotes.
Appears in 1 contract
Samples: Indenture (Allegheny Energy Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among between the Company and the Holders holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders holders of the Securities the principal of and interest and Liquidated Damages, if any, 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 holders of the Securities and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest or Liquidated Damages, if any, on the Securities.
Appears in 1 contract
Samples: Indenture (Carson Products Co)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders Hold- ers 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 and Additional Interest, if any, on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended in- tended 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 IndebtednessIndebted- ness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted permit- xxx by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies rem- edies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest or Additional Interest on the Securities.
Appears in 1 contract
Obligations of Company Unconditional. (a) Nothing ------------------------------------ contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities Debentures is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, premium, if any, and interest on the Securities Debentures 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Ten will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Debentures to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Samples: Indenture (Silgan Holdings Inc)
Obligations of Company Unconditional. Nothing contained in this Article Eight 4 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company 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 of, premium on 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight 4 of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight 4 shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 8.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash or cash equivalents (or such payment shall be duly provided for in a manner satisfactory to the holders of Senior Indebtedness) or otherwise to the extent holders of Senior Indebtedness in their sole discretion accept satisfaction of amounts due by settlement in other than cash or cash equivalents before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNotes.
Appears in 1 contract
Obligations of Company Unconditional. Nothing contained in this Article Eight 4 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders holders of the SecuritiesNotes, the obligation of the Company, which is absolute and unconditional, to pay to the Holders holders of the Securities Notes the principal of of, premium on 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 holders of the Securities Notes and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight 4 of the holders of the Senior Indebtedness in respect of cash, cash equivalents, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight 4 shall restrict the right of the Trustee or the Holders holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 8.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash (including Post-Petition Interest), or have provision made for such payment in a manner satisfactory to the holders of such Senior Indebtedness, before the Holders holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or of, premium and interest on (and other obligations, if any, with respect to) the SecuritiesNotes.
Appears in 1 contract
Obligations of Company Unconditional. (a) Nothing contained in ------------------------------------------- this Article Eight Ten or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Ten will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to 77 be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSubordinated Obligations.
Appears in 1 contract
Samples: Indenture (CFW Communications Co)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Four or elsewhere in this Indenture or in the Securities Debentures is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, premium, if any, and interest on the Securities Debentures 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Four of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Four will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Debentures to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 5.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSubordinated Obligations.
Appears in 1 contract
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default Default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Ten will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Samples: Indenture (Pagemart Wireless Inc)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight X or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight X of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall X will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Obligations of Company Unconditional. Nothing contained in this Article Eight 11 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among between the Company 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 of, premium, if any, interest and interest Liquidated Damages, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight 11 of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight 11 shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 Article 6 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of of, premium, if any, interest or interest Liquidated Damages, if any, on the SecuritiesNotes.
Appears in 1 contract
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Ten will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee (to the extent provided in Section 6.10) are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Samples: Indenture (Ccir of California Corp)
Obligations of Company Unconditional. Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among between the Company 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 and Liquidated Damages, if any, 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 IndebtednessDebt, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Ten shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 Article Six or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest or Liquidated Damages, if any, on the Securities.
Appears in 1 contract
Samples: Indenture (Autotote Corp)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight Ten shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Samples: Indenture (Ingram Micro Inc)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight XIV or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, ; as among the Company and the Holders of the Securitiesholders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities holders the principal of of, 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 holders and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight XIV of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, ; nothing contained in this Article Eight shall XIV will restrict the right of the Trustee or the Holders of Securities holders to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities holders or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or principal, premium and interest on the SecuritiesNotes.
Appears in 1 contract
Samples: Indenture (Agco Corp /De)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among between the Company 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 and Liquidated Damages, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; providedPROVIDED, howeverHOWEVER, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest or Liquidated Damages, if any, on the Securities.
Appears in 1 contract
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Fourteen or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, premium, if any, interest and interest Additional Amounts, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Fourteen of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Fourteen will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 502 of this Indenture or to pursue any rights or remedies hereunder; providedPROVIDED, howeverHOWEVER, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Obligations of Company Unconditional. Nothing contained in this Article Eight Ten or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among between the Company 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 IndebtednessDebt, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Ten of the holders of the Senior Indebtedness Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Ten shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 Article Six or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 1 contract
Samples: Indenture (Scientific Games Corp)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Eleven or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, premium, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise 79 72 permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Eleven of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Eleven will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents acceptable to the holders of Senior Indebtedness, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal Senior Subordinated Obligations or the Company is entitled to redeem, repurchase, retire any of, undertake an acquisition for value (or make a deposit in connection with any of or interest the foregoing) on account of, any of the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Obligations of Company Unconditional. (a) Nothing ------------------------------------ contained in this Article Eight Eleven or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Eleven of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Eleven will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Samples: Indenture (Urs Corp /New/)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Thirteen or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, premium, if any, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Thirteen of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Thirteen will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 5.1 or to pursue any rights or remedies hereunder; provided, however, that that, all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash, or at the option of holders of Senior Indebtedness, cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of on or interest on with respect to the Securities.
Appears in 1 contract
Samples: Indenture (510152 N B LTD)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 5.1 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.
Appears in 1 contract
Samples: Senior Subordinated Indenture (Owens & Minor Inc/Va/)
Obligations of Company Unconditional. Nothing contained in this Article Eight or elsewhere in this Indenture Note Agreement or in the Securities is intended to or shall impair, as among between the Company 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 of, or premium, if any, 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 IndebtednessDebt, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this IndentureNote Agreement, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 Article Six or to pursue any rights or remedies hereunder; providedPROVIDED, howeverHOWEVER, that all Senior Indebtedness Debt then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of of, or premium, if any, and interest on the Securities.
Appears in 1 contract
Samples: Note Agreement (Designs Inc)
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight Eleven or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Company and the Holders of the SecuritiesHolders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of of, 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 and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight Eleven of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Indebtedness.
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight shall Eleven will restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities Notes to be due and payable prior to their stated maturity Stated Maturity pursuant to Section 6.01 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable or thereafter declared to be due and payable shall first be paid in full full, in cash or cash equivalents, before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesSenior Subordinated Obligations.
Appears in 1 contract
Obligations of Company Unconditional. (a) Nothing contained in this Article Eight 8 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among between the Company and the Holders of the SecuritiesNotes, the obligation of the 40 41 Company, which is absolute and unconditional, to pay to the Holders of the Securities Notes the principal of of, 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 Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf Note from exercising all remedies otherwise permitted by applicable law upon default under this IndentureNote, subject to the rights, if any, under this Article Eight 8 of the holders of the Senior Indebtedness in respect of cash, property property, or securities of the Company received upon the exercise of any such remedy. .
(b) Without limiting the generality of the foregoing, nothing contained in this Article Eight 8 shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 Article 5 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee Notes are entitled to receive any direct or indirect payment from the Company of principal of or of, premium, if any, and interest on the SecuritiesNotes.
Appears in 1 contract
Obligations of Company Unconditional. Nothing contained in this Article Eight Seven or elsewhere in this the Indenture or in the Securities Notes is intended to or shall impair, as among the Company 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 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 IndebtednessDebt, nor shall anything herein or therein prevent the Holder of any Security Note or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this the Indenture, subject to the rights, if any, under this Article Eight Seven of the holders of the Senior Indebtedness Debt in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight Seven shall restrict the right of the Trustee or the Holders of Securities Notes to take any action to declare the Securities Notes to be due and payable prior to their stated maturity pursuant to Section 6.01 401 of this First Supplemental Indenture or Section 501 of the Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness Debt then due and payable shall first be paid in full in cash before the Holders of the Securities Notes or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the SecuritiesNotes.
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Samples: First Supplemental Indenture (Biovail Corp International)