Rights of Holders Unimpaired. The provisions of this Article IV are and are intended solely for the purposes of defining the relative rights of the holders of the Notes and the holders of Senior Indebtedness and nothing in this Article IV shall impair, as between the Company and any holders of the Notes, the obligation of the Company, which is unconditional and absolute, to pay to the holders of the Notes the principal thereof (and premium, if any) and interest thereon, in accordance with the terms of the Notes.
Rights of Holders Unimpaired. The foregoing provisions as to subordination are solely for the purpose of defining the relative rights of the holders of the Senior Debt on the one hand and the Holder on the other hand. None of such provisions shall impair, as between the Company and the Holder, the obligation of the Company, which is unconditional and absolute, to pay the Holder of this Debenture the amounts due on this Debenture in accordance with the terms hereof and of the Purchase Agreement, nor shall any such provisions prevent the Holder from exercising all remedies otherwise permitted by law. Moreover, nothing contained herein shall be deemed to limit in any way the right of the Holder to convert, at any time and from time to time, the principal balance of this Debenture into shares of GGD Stock pursuant to Section 1 hereof or to receive shares of GGD Stock as payment of interest hereon pursuant to Section 3 hereof.
Rights of Holders Unimpaired. 33 Section 4.8 Holders of Senior Indebtedness............................ 33 Section 4.9 Trustee Not Fiduciary for Holders of Senior Indebtedness.. 34
Rights of Holders Unimpaired. The provisions of this Section 13 are and are intended solely for the purposes of defining the relative rights of the Holder and the holders of Senior Indebtedness and nothing in this Section 13 shall impair, as between the Company and the Holder, the obligation of the Company, which is unconditional and absolute, to pay to the Holder the principal thereof (and premium, if any) and interest thereon, in accordance with the terms of this Note.
Rights of Holders Unimpaired. The provisions of this Section 5 are and are intended solely for the purposes of defining the relative rights of the holder of this Note and the holders of Senior Indebtedness and nothing in this Section 5 shall impair, as between the Company and the holder of this Note, the obligation of the Company, which is unconditional and absolute, to pay to the holder of this Note the principal thereof and interest thereon, in accordance with the terms of this Note, nor shall anything herein prevent the holder of this Note 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 the holder of this Note.
Rights of Holders Unimpaired. The provisions of this Section 1 are and are intended solely for the purposes of defining the relative rights of the holders of the Notes and the holders of Senior Indebtedness and nothing in this Section 1 shall impair, as between the Company and any holders of the Notes, the obligation of the Company, which is unconditional and absolute, to pay to the holders of the Notes the principal thereof and interest thereon, and any or all other amounts payable to the holders of the Notes under the Notes, in accordance with the terms of the Notes, nor shall anything herein prevent any holders of the Notes 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 the holders of the Notes.
Rights of Holders Unimpaired. The provisions of this Exhibit are and are intended solely for the purposes of defining the relative rights of the holder of the right to Payments and the holder of Senior Indebtedness and nothing in this Exhibit shall impair, as between the Company and the holder of the right to Payments, the obligation of the Company, which is unconditional and absolute, to pay to the holder of the right to Payments such Payments when and as due in accordance with the attached agreement, nor shall anything
Rights of Holders Unimpaired. The provisions of this Section 7 are and are intended solely for the purposes of defining the relative rights of the Holder and the holders of Senior Indebtedness and nothing in this Section 7 shall impair, as between the Company and the Holder, the obligation of the Company, which is unconditional and absolute, to pay to the Holder the principal thereof (and premium, if any) and interest thereon, in accordance with the terms of this Note. Any suspension of payment of Cash Interest in accordance with the terms of the Subordination Agreement shall not impair the accrual of Interest hereon in accordance with the terms of this Note, at the default rate of interest specified above.
Rights of Holders Unimpaired. The provisions of this Article 1 are for the purposes of defining the relative rights of the holders of the Debentures and the holders of Senior Indebtedness and nothing in this Article 1 shall impair, as between the Company and any holders of the Debentures, the obligation of the Company, which is unconditional and absolute, to pay to the holders of the Debentures the principal thereof and interest thereon, in accordance with the term of the Debentures, nor shall anything herein prevent any holders of the Debentures 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 the holder of the Debentures.
Rights of Holders Unimpaired. The provisions of this Section 1 are and are intended solely for the purposes of defining the relative rights of the holder of this Subordinated Note and the holders of Senior Indebtedness and nothing in this Section 1 shall impair, as between the Maker and any holder of this Subordinated Note, the obligation of the Maker, which is unconditional and absolute, to pay to the holder of this Subordinated Note the principal hereof and interest hereon and all other amounts due hereunder, in accordance with the terms hereof, nor shall anything herein prevent any holder of this Subordinated Note 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 the holder of this Subordinated Note.
