Common use of Obligations of Issuer Unconditional Clause in Contracts

Obligations of Issuer Unconditional. Nothing contained in this Article 10 or elsewhere in this Indenture or in the Securities is intended to or shall impair, as between the Issuer and the Holders of the Securities, the obligation of the Issuer, 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 Issuer other than the holders of Senior Debt, 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 10 of the holders of Senior Debt in respect of cash, property or securities of the Issuer received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article 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 Article 6 or to pursue any rights or remedies hereunder; provided, however, that all Senior Debt then due and payable shall first be paid in full before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Issuer of principal of or interest on the Securities.

Obligations of Issuer Unconditional. (a) Nothing ----------------------------------- contained in this Article 10 or elsewhere in this Indenture or in the Securities Securities) is intended to or shall impair, as between among the Issuer and the Holders of the SecuritiesSecurityholders, the obligation of the Issuer, which is absolute and unconditional, to pay to the Holders of the Securities Securityholders the principal of of, and interest on on, and Other Subordinated Obligation with respect to 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 Securityholders and creditors of the Issuer other than the holders of the Senior Debt, nor shall anything herein or therein prevent the Holder of any Security Securityholders 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 10 of the holders of the Senior Debt in respect of cash, property or securities of the Issuer received upon the exercise of any such remedy. Debt. (b) Without limiting the generality of the foregoing, nothing contained in this Article 10 shall will restrict the right of the Trustee or the Holders of Securities Securityholders to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Article 6 the acceleration provision of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior 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 Securityholders or the Trustee are entitled to receive any direct or indirect payment of principal of, interest on, and Other Subordinated Obligation with respect to this Debt from the Issuer of principal of or interest on the SecuritiesIssuer.

Obligations of Issuer Unconditional. Nothing contained in this Article 10 or elsewhere in this Indenture or in the Securities is intended to or shall impair, as between among the Issuer and the Holders of the Securities, the obligation of the Issuer, 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 Issuer other than the holders of the Senior DebtIndebtedness, 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 10 of the holders of the Senior Debt Indebtedness in respect of cash, property or securities of the Issuer received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article 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 Article 6 Section 6.02 or to pursue any rights or remedies hereunder; provided, however, that all Senior Debt 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 Issuer of principal of or interest or any other amounts on the Securities.