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

Right of Trustee to Hold Senior Indebtedness. The Trustee, in its individual capacity, shall be entitled to all of the rights set forth in this Article 5 in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article 5 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 9.7.

Appears in 7 contracts

Samples: Indenture (Pinnacle Holdings Inc), Indenture (Waste Connections Inc/De), Indenture (Manugistics Group Inc)

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Right of Trustee to Hold Senior Indebtedness. The Trustee, in its individual capacity, shall be entitled to all of the rights set forth in this Article 5 in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article 5 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 9.7.

Appears in 7 contracts

Samples: Indenture (Family Golf Centers Inc), Indenture (Usinternetworking Inc), Indenture (Beyond Com Corp)

Right of Trustee to Hold Senior Indebtedness. The Trustee, in its individual capacity, shall be entitled to all of the rights set forth in this Article 5 in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness, and nothing in this First Supplemental Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article 5 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 9.77.07 of the Indenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Natural Microsystems Corp), Supplemental Indenture (Natural Microsystems Corp)

Right of Trustee to Hold Senior Indebtedness. The Trustee, Trustee in its individual capacity, capacity shall be entitled to all of the rights set forth in this Article 5 Twelve in respect of any Senior Indebtedness at any time held by it in its individual capacity to the same extent as any other holder of such Senior Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article 5 shall apply subordinate to Senior Indebtedness the claims of, or any payments to, the Trustee under or pursuant to Section 9.75.06.

Appears in 2 contracts

Samples: Indenture (Synovus Financial Corp), Indenture (Synovus Financial Corp)

Right of Trustee to Hold Senior Indebtedness. The Trustee, in its individual capacity, shall be entitled to all of the rights set forth in this Article 5 in respect of any Senior Indebtedness at any time anytime held by it to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article 5 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 9.7.

Appears in 1 contract

Samples: Indenture (Alza Corp)

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Right of Trustee to Hold Senior Indebtedness. The Trustee, in its individual capacity, shall be entitled to all of the rights set forth in this Article 5 4 in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article 5 4 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 9.79.06.

Appears in 1 contract

Samples: Indenture (Gencorp Inc)

Right of Trustee to Hold Senior Indebtedness. The Trustee, in its individual capacity, shall be entitled to all of the rights set forth in this Article 5 in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article 5 shall apply to (and nothing herein shall make subject to the subordination provisions hereof) claims of, or payments to, the Trustee under or pursuant to Section 9.7.

Appears in 1 contract

Samples: Indenture (Act Manufacturing Inc)

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