Common use of Payments on Subordinated Securities Permitted Clause in Contracts

Payments on Subordinated Securities Permitted. Nothing contained in this Article or elsewhere in this Subordinated Indenture, or in any of the Subordinated Securities, shall affect the obligation of the Company to make, or prevent the Company from making, payment of the principal of (or premium, if any) or interest payable in respect of the Subordinated Securities in accordance with the provisions hereof and thereof, except as otherwise provided in this Article.

Appears in 11 contracts

Samples: Subordinated Indenture (Achieve Life Sciences, Inc.), Subordinated Indenture (Biolife Solutions Inc), Subordinated Indenture (Oncogenex Pharmaceuticals, Inc.)

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Payments on Subordinated Securities Permitted. Nothing contained in this Article or elsewhere in this Subordinated Indenture, or in any of the Subordinated Securities, shall affect the obligation of the Company to make, or prevent the Company from making, payment payments of the principal of (or of, premium, if any) , or interest payable in respect of on the Subordinated Securities in accordance with the provisions provision hereof and thereof, or shall prevent the Trustee or any paying agent of the Company from applying any moneys deposited with it hereunder to the payment of the principal of, premium, if any, or interest on the Subordinated Securities, in each case except as otherwise provided in this Article.

Appears in 7 contracts

Samples: First Supplemental Indenture (Consolidated Edison Co of New York Inc), Indenture (Consolidated Edison Inc), Indenture (Kansas City Power & Light Co)

Payments on Subordinated Securities Permitted. Nothing --------------------------------------------- contained in this Article or elsewhere in this Subordinated Indenture, or in any of the Subordinated Securities, shall affect the obligation of the Company to make, or prevent the Company from making, payment of the principal of (or premium, if any) or interest payable in respect of the Subordinated Securities in accordance with the provisions hereof and thereof, except as otherwise provided in this Article.

Appears in 2 contracts

Samples: Subordinated Indenture (Exodus Communications Inc), Subordinated Indenture (Exodus Communications Inc)

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Payments on Subordinated Securities Permitted. Nothing contained in this Article or elsewhere in this Subordinated Indenture, or in any of the Subordinated Securities, shall affect the obligation of the Company to make, or prevent the Company from making, payment of the principal of (or premium, if any) or interest payable in respect of the Subordinated Securities in accordance with the provisions hereof and thereof, except as otherwise provided in this ArticleArticle or in any Supplemental Subordinated Indenture or Board Resolution pursuant to Section 2.03.

Appears in 1 contract

Samples: Subordinated Indenture (Meru Networks Inc)

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