Obligations of the Corporation Unconditional. Nothing contained in this Note is intended to or shall impair, as between the Corporation and the Holder, the obligation of the Corporation, which is absolute and unconditional, to pay to the Holder all Amounts Payable, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the Holder and other creditors of the Corporation (other than the holders of Senior Indebtedness), except as provided in Section 5.2(b).
Appears in 4 contracts
Samples: Non Negotiable Subordinated Note (Jordan Industries Inc), Non Negotiable Subordinated Note (Jordan Industries Inc), Subordinated Note (Jordan Industries Inc)
Obligations of the Corporation Unconditional. Nothing contained in this Note is intended to or shall impair, as between the Corporation and the Holder, the obligation of the Corporation, which is absolute and unconditional, to pay to the Holder all Amounts Payable, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the Holder and other creditors of the Corporation (other than the holders of Senior Indebtedness), except as provided in Section 5.2(b6.2(b).
Appears in 3 contracts
Samples: Non Negotiable Subordinated Note (Jordan Industries Inc), Subordinated Note (Jordan Industries Inc), Non Negotiable Subordinated Note (Jordan Industries Inc)
Obligations of the Corporation Unconditional. Nothing contained -------------------------------------------- in this Note is intended to or shall impair, as between the Corporation and the Holder, the obligation of the Corporation, which is absolute and unconditional, to pay to the Holder all Amounts Payable, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the Holder and other creditors of the Corporation (other than the holders of Senior Indebtedness), except as provided in Section 5.2(b6.2(b).
Appears in 2 contracts
Samples: Non Negotiable Subordinated Note (Motors & Gears Inc), Non Negotiable Subordinated Note (Motors & Gears Inc)
Obligations of the Corporation Unconditional. Nothing -------------------------------------------- contained in this Note is intended to or shall impair, as between the Corporation and the Holder, the obligation of the Corporation, which is absolute and unconditional, to pay to the Holder all Amounts Payable, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the Holder and other creditors of the Corporation (other than the holders of Senior Indebtedness), except as provided in Section 5.2(b6.2(b).
Appears in 1 contract
Samples: Non Negotiable Subordinated Note (Motors & Gears Inc)
Obligations of the Corporation Unconditional. Nothing contained in this Note is intended to or shall impair, as between the Corporation and the Holder, the obligation of the Corporation, which is absolute and unconditional, to pay to the Holder all Amounts Payable, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the Holder and other creditors of the Corporation (other than the holders of Senior Indebtedness), except as provided in Section 5.2(b6. 2 (b).
Appears in 1 contract
Samples: Non Negotiable Subordinated Note (Jordan Industries Inc)
Obligations of the Corporation Unconditional. Nothing contained in this -------------------------------------------- Note is intended to or shall impair, as between the Corporation and the HolderHolders and the Note Holders' Agent, the obligation of the Corporation, which is absolute and unconditional, to pay to the Holder Note Holders' Agent all Amounts Payable, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the Holder Holders and the Note Holders' Agent and other creditors of the Corporation (other than the holders of Senior Indebtedness), except as provided in Section 5.2(b6.2(b).
Appears in 1 contract
Samples: Non Negotiable Subordinated Note (Motors & Gears Inc)
Obligations of the Corporation Unconditional. Nothing contained in this Note is intended to or shall impair, as between the Corporation and the Holder, the obligation of the Corporation, which is absolute and unconditional, to pay to the Holder all Amounts Payable, as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the Holder and other creditors of the Corporation (other than the holders of Senior Indebtedness), except as provided in Section 5.2(b)5.2.
Appears in 1 contract
Samples: Non Negotiable Junior Subordinated Note (Jordan Industries Inc)