Common use of Rights of Holder Unimpaired Clause in Contracts

Rights of Holder Unimpaired. The provisions of this Section 1 are --------------------------- and are intended solely for the purposes of defining the relative rights of Univision and the holders of Senior Indebtedness; and nothing in this Section 1 shall impair, as between the Company and Univision, the obligation of the Company, which is unconditional and absolute, to pay to Univision the principal hereof and interest hereon, in accordance with the terms of this Note; nor shall anything herein prevent Univision from exercising all remedies otherwise permitted by applicable law or hereunder upon default, subject to the rights set forth above of holders of Senior Indebtedness to receive cash, property or securities otherwise payable or deliverable to Univision.

Rights of Holder Unimpaired. The provisions of this Section 1 --------------------------- are --------------------------- and are intended solely for the purposes of defining the relative rights of Univision and the holders of Senior Indebtedness; and nothing in this Section 1 shall impair, as between the Company and Univision, the obligation of the Company, which is unconditional and absolute, to pay to Univision the principal hereof and interest hereon, in accordance with the terms of this Note; nor shall anything herein prevent Univision from exercising all remedies otherwise permitted by applicable law or hereunder upon default, subject to the rights set forth above of holders of Senior Indebtedness to receive cash, property or securities otherwise payable or deliverable to Univision.

Rights of Holder Unimpaired. The provisions of this Section 1 are --------------------------- and are intended solely for the purposes of defining the relative rights of Univision the Holder and the holders of Senior Indebtedness; Indebtedness and nothing in this Section 1 shall impair, as between the Company and Univisionthe Holder, the obligation of the Company, which is unconditional and absolute, to pay to Univision the Holder the principal hereof thereof and interest hereonthereon, in accordance with the terms of this Note; , nor shall anything herein prevent Univision the Holder from exercising all remedies otherwise permitted by applicable law or hereunder upon default, subject to the rights set forth above of holders of Senior Indebtedness to receive cash, property or securities otherwise payable or deliverable to Univisionthe Holder.