Common use of Right of Trustee to Hold Senior Debt Clause in Contracts

Right of Trustee to Hold Senior Debt. The Trustee and any agent of the Company or the Trustee shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Debt which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Debt and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. Whenever a distribution is to be made or a notice given to holders or owners of Senior Debt, the distribution may be made and the notice may be given to their Representative, if any.

Appears in 2 contracts

Samples: Indenture (Kinetic Concepts Inc /Tx/), Philipp Brothers Chemicals Inc

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Right of Trustee to Hold Senior Debt. The Trustee and any agent (including Senior Representatives) for the holders of the Company or the Trustee Senior Debt shall be entitled to all of the rights set forth in this Article Ten with Eleven in respect to of any Senior Debt which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of such Senior Debt Debt, and nothing in this Indenture shall be construed to deprive the Trustee or any such agent for the holders of Senior Debt of any of its rights as such holder. Whenever a distribution is to be made or a notice given to holders or owners of Senior Debt, the distribution may be made and the notice may be given to their Representative, if any.

Appears in 1 contract

Samples: Indenture (Metrocall Inc)

Right of Trustee to Hold Senior Debt. The Trustee and any agent of the Company or the Trustee shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Debt which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Debt and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. Whenever a distribution is to be made or a notice given to holders or owners of Senior Debt, the distribution may be made and the notice may be given to their Representative, if any.

Appears in 1 contract

Samples: Kci New Technologies Inc

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Right of Trustee to Hold Senior Debt. The Trustee and any agent (including Senior Representatives) for the holders of the Company or the Trustee Senior Debt shall be entitled to all of the rights set forth in this Article Ten with Eleven in respect to of any Senior Debt which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of such Senior Debt Debt, and nothing in this Indenture shall be construed to deprive the Trustee or any such agent for the holders of Senior Debt of any of its rights as such holder. Whenever a distribution is to be made or a notice given to holders or owners of Senior Debt, the distribution may be made and the notice may be given to their Representative, if anySECTION 11.10.

Appears in 1 contract

Samples: Metrocall Inc

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