Common use of Relative Rights Clause in Contracts

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 27 contracts

Samples: Indenture (Denbury Resources Inc), Indenture (Columbus McKinnon Corp), Indenture (Wix Filtration Media Specialists, Inc.)

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Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the CompanyIndebtedness. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 16 contracts

Samples: Indenture (Core Mark International Inc), Indenture (Hexcel Corp /De/), Indenture (Argo Tech Corp)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on and liquidated damages in respect of, the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 4 contracts

Samples: Indenture (Volume Services America Holdings Inc), Indenture (Corning Consumer Products Co), Indenture (Volume Services America Inc)

Relative Rights. This Article 10 defines the relative ---------------- rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 3 contracts

Samples: Indenture (Glenoit Asset Corp), Indenture (DR Sales Inc), Indenture (Fs Equity Partners Iii Lp)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions or payments otherwise payable to Securityholders.

Appears in 3 contracts

Samples: Indenture (Diagnostic Pathology Management Services Inc), Indenture (Winfred Berg Licensco Inc), Indenture (Wilmar Holdings Inc)

Relative Rights. This Article 10 defines the relative ---------------- rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on and liquidated damages in respect of, the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 2 contracts

Samples: Indenture (Telecorp Tritel Holding Co), Indenture (Telecorp PCS Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default or an Event of Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 2 contracts

Samples: Indenture (Stone Energy Corp), Indenture (Stone Energy Corp)

Relative Rights. This Article 10 defines the ---------------- relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 2 contracts

Samples: Indenture (Blum Capital Partners Lp), Indenture (Cbre Holding Inc)

Relative Rights. This Article 10 defines the relative ---------------- rights of Securityholders and holders of Senior Indebtedness Debt of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default or an Event of Default, subject to the rights of holders of Senior Indebtedness Debt of the Company to receive distributions otherwise payable to Securityholders.

Appears in 2 contracts

Samples: Exchange Indenture (Hudson Respiratory Care Inc), Indenture (Hudson Respiratory Care Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: shall (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 2 contracts

Samples: Indenture (Associated Materials, LLC), Purchase Agreement (Amh Holdings, LLC)

Relative Rights. This Article 10 11 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 2 contracts

Samples: Indenture (Fairchild Semiconductor International Inc), Indenture (Skyworks Solutions Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject sub- 90 ject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Fairchild Semiconductor International Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the CompanyIndebtedness. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject sub ject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Ta Operating Corp)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and SecurityholdersSecu rityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (MBS Multimode Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the CompanyDebt. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of of, premium, if any, and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company Debt to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Petroleum Heat & Power Co Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and SecurityholdersSecurity holders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Denbury Resources Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the CompanyBank Indebtedness. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Octel Developments PLC)

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Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the CompanyIndebtedness. Nothing in this Indenture shall: (1) impair, as between the Company and the Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Hexcel Corp /De/)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the CompanyIndebtedness. Nothing in this Indenture shall: (1) impair, as between the Company Issuers and Securityholders, the obligation of the CompanyIssuers, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (SFG Capital Corp)

Relative Rights. This Article 10 12 defines the relative --------------- rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities Obligations to the extent set forth in accordance with their termsArticle 11 or the Company Guaranty; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Defaultdefault by the Company under the Obligations, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Chippac LTD)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on and liquidated damages in respect of, the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a an Event of Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Magellan Health Services Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the CompanyIndebtedness. Nothing in this Indenture shall: (1) impair, as between the Company and SecurityholdersSecu rityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Lenfest Communications Inc)

Relative Rights. This Article 10 12 defines the relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on its Guaranty to the Securities extent set forth in accordance with their termsArticle 11; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Defaultdefault by the Company under its Guaranty, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (GSV Inc /Fl/)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness Debt of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness Debt of the Company to receive payments and other distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Radio One Inc)

Relative Rights. This Article 10 defines the relative ---------------- rights of Securityholders and holders of Senior Indebtedness Debt of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and SecurityholdersSecurity holders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default or an Event of Default, subject to the rights of holders of Senior Indebtedness Debt of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Exchange Indenture (Century Maintenance Supply Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness of the CompanyDebt. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of of, premium, if any, and interest on the Securities in accordance with their terms; or (2) except as set forth in Section 10.04, prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company Debt to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Exchange Indenture (Benedek Communications Corp)

Relative Rights. This Article 10 defines the --------------- relative rights of Securityholders and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Delco Remy International Inc)

Relative Rights. This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness Debt of the Company. Nothing in this Indenture shall: (1) impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; or (2) prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Indebtedness Debt of the Company to receive distributions otherwise payable to Securityholders.

Appears in 1 contract

Samples: Indenture (Intersil Holding Co)

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