Common use of Relative Rights Clause in Contracts

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

Appears in 16 contracts

Samples: Indenture (TransDigm Group INC), Indenture (TransDigm Group INC), Indenture (TransDigm Group INC)

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

Appears in 5 contracts

Samples: Indenture (MPM Silicones, LLC), Indenture (Covalence Specialty Adhesives LLC), Indenture (Goodman Holding CO)

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

Appears in 4 contracts

Samples: Indenture (TRW Automotive Inc), Indenture (TRW Automotive Inc), Indenture (TRW Automotive Inc)

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

Appears in 3 contracts

Samples: Indenture (Otelco Inc.), Indenture (Brindlee Mountain Telephone Co), Indenture (Otelco Telecommunications LLC)

Relative Rights. This Article 10 11 defines the relative rights of Holders and holders of Senior Debt of the CompanyDebt. Nothing in this Indenture shall: (1a) impair, as between the Company and Holders, the obligation of the Company, which is absolute and unconditional, to pay principal of of, premium, if any, and interest on interest, including Special Interest, if any, on, the Notes in accordance with their terms; or (2b) prevent the Trustee or any Holder from exercising its available remedies upon a an Event of Default, subject to the rights of holders of Senior Debt of the Company to receive distributions otherwise payable to Holders.

Appears in 3 contracts

Samples: Indenture (Tousa Delaware Inc), Indenture (Greif Brothers Corp), Indenture (Technical Olympic Usa Inc)

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

Appears in 3 contracts

Samples: Indenture (Petroleum Heat & Power Co Inc), Indenture (Petroleum Heat & Power Co Inc), Indenture (Petroleum Heat & Power Co Inc)

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

Appears in 3 contracts

Samples: Credit Agreement (Trimas Corp), Indenture (Pliant Corp International), Indenture (Alliant Techsystems Inc)

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

Appears in 2 contracts

Samples: First Supplemental Indenture (Jarden Corp), First Supplemental Indenture (Jarden Corp)

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

Appears in 2 contracts

Samples: Indenture (Artesyn Technologies Inc), Indenture (Memberworks Inc)

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

Appears in 2 contracts

Samples: Indenture (Jarden Corp), Indenture (Jarden Corp)

Relative Rights. This Article 10 13 defines the relative rights of Holders and holders of Senior Debt Indebtedness of the Company. Nothing in this Indenture shall: (1a) impair, as between the Company and Holders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Notes in accordance with their terms; or (2b) prevent the Trustee or any Holder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Debt Indebtedness of the Company to receive distributions otherwise payable to Holders.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Alliant Techsystems Inc), Supplemental Indenture (Alliant Techsystems Inc)

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

Appears in 2 contracts

Samples: Indenture (Us Can Corp), Indenture (United States Can Company /De/)

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

Appears in 1 contract

Samples: Indenture (Wki Holding Co Inc)

Relative Rights. This Article 10 12 defines the relative rights of Holders and holders of Senior Debt of the Company. Nothing in this Indenture shall: (1a) impair, as between the Company and Holders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Notes in accordance with their terms; or (2b) affect the relative rights of Holders and creditors of the Company other than their rights in relation to holders of Senior Debt; or (c) prevent the Trustee or any Holder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Debt of the Company to receive distributions otherwise payable to Holders.

Appears in 1 contract

Samples: Indenture (Jarden Corp)

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

Appears in 1 contract

Samples: Indenture (B&g Foods Inc)

Relative Rights. This Article 10 13 defines the relative rights of Holders and holders of the Senior Debt Indebtedness of the Company. Nothing in this Indenture shall: : (1) impair, as between the Company and Holders, the obligation obligations of the Company, which is are absolute and unconditional, to pay principal Accreted Value of and interest interest, if any, on the Notes in accordance with their terms; or or (2) prevent affect the Trustee or any Holder from exercising its available remedies upon a Default, subject to the relative rights of holders of Senior Debt Holders and the creditors of the Company other than their rights in relation to receive distributions otherwise payable to Holdersholders of the Senior Indebtedness of the Company.

Appears in 1 contract

Samples: Indenture (Thermadyne MFG LLC)

Relative Rights. This Article 10 defines the relative rights of Holders and holders of Senior Debt of the Company's Senior Indebtedness. Nothing in this Indenture shall: : (1) impair, as between the Company and Holders, the obligation of the Company's Obligations, which is are absolute and unconditional, to pay principal of of, and premium, if any, and interest on and Liquidated Damages (if any) on, the Notes in accordance with their terms; or (2) affect the relative rights of Holders and the Company's creditors other than their rights in relation to holders of the Company's Senior Indebtedness; or (3) prevent the Trustee or any Holder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Debt of the Company to receive distributions otherwise payable to Holders.from

Appears in 1 contract

Samples: Indenture (Kragen Auto Supply Co)

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

Appears in 1 contract

Samples: Indenture (American Media Operations Inc)

Relative Rights. This Article 10 defines the relative rights of the Holders and holders of Senior Debt Indebtedness of the Company. Nothing in this Indenture shall: (1a) impair, as between the Company and the Holders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Notes Securities in accordance with their terms; oror TRDOCS01/76765.8 (2b) prevent the Trustee or any Holder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Debt Indebtedness of the Company to receive distributions otherwise payable to the Holders.

Appears in 1 contract

Samples: Indenture (Berry Plastics Holding Corp)

Relative Rights. This Article 10 14 defines the relative rights of Holders and holders of Senior Debt of the CompanyIndebtedness. Nothing in this Indenture shall: (1i) impair, as between the Company and Holders, the obligation of the Company, Company which is absolute and unconditional, to pay principal of and interest on the Notes in accordance with their terms; or (2ii) prevent the Trustee or any Holder from exercising its available remedies upon a Default, subject to the rights of holders of Senior Debt of the Company Indebtedness to receive distributions otherwise payable to Holders.. 126

Appears in 1 contract

Samples: Indenture (Atlantic Health Group Inc)

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

Appears in 1 contract

Samples: Indenture (Spheris Leasing LLC)

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

Appears in 1 contract

Samples: First Supplemental Indenture (Central Garden & Pet Co)

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

Appears in 1 contract

Samples: Indenture (Wki Holding Co Inc)

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