Common use of Rights of Holders of Senior Debt Clause in Contracts

Rights of Holders of Senior Debt. No amendment, modification or waiver of this Indenture or the Securities shall adversely affect the rights of any holder of Senior Debt or Senior Guarantor Debt under the subordination provisions included in Article Thirteen of this Indenture without the consent of such holder.

Appears in 3 contracts

Samples: Seventh Supplemental Indenture (Penske Automotive Group, Inc.), Third Supplemental Indenture (Penske Automotive Group, Inc.), First Supplemental Indenture (Penske Automotive Group, Inc.)

AutoNDA by SimpleDocs

Rights of Holders of Senior Debt. No amendment, modification or waiver of this Indenture or the Securities shall adversely affect the rights of any holder of Senior Debt or Senior Guarantor Debt under the subordination provisions included in Article Thirteen Fourteen of this Indenture without the consent of such holder.

Appears in 2 contracts

Samples: Indenture (Penske Automotive Group, Inc.), Indenture (United Auto Group Inc)

AutoNDA by SimpleDocs

Rights of Holders of Senior Debt. No amendment, modification or waiver of this Indenture or the Securities shall adversely affect the rights of any holder of Senior Debt or Senior Guarantor Debt Indebtedness under the subordination provisions included in Article Thirteen Articles 11 and 12 of this Indenture without the consent of such holder.

Appears in 1 contract

Samples: Indenture (United Auto Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!