Common use of Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights Clause in Contracts

Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XIV with respect to any Senior Indebtedness or Guarantor Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness or Guarantor Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article XIV shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.06.

Appears in 2 contracts

Samples: Indenture (Baytex Energy LTD), Indenture (Baytex Energy LTD)

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Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XIV with respect to any Senior Indebtedness or Guarantor Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness or Guarantor Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article XIV shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.066.6.

Appears in 1 contract

Samples: Indenture (Kellogg Co)

Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XIV with respect to any Senior Indebtedness of the Parent or Guarantor Senior Indebtedness the Subsidiary Issuer which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness of the Parent or Guarantor Senior Indebtednessthe Subsidiary Issuer, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article XIV shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.06607." 104

Appears in 1 contract

Samples: First Supplemental Indenture (Brown Tom Inc /De)

Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XIV with respect to any Senior Indebtedness or Guarantor Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness or Guarantor Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article XIV shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.06606.

Appears in 1 contract

Samples: Indenture (Laidlaw Environmental Services Inc)

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Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XIV with respect to any Senior Indebtedness or Guarantor Senior Indebtedness of the Corporation which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness or Guarantor such Senior Indebtedness, and nothing in this Supplemental Indenture No. 1 or the Subordinated Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article XIV shall be construed to apply to claims of, or payments to, of the Trustee or any predecessor Trustee under Section 506 or pursuant to Section 6.06607 of the Subordinated Indenture.

Appears in 1 contract

Samples: Subordinated Indenture (Edison International)

Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article Arti- 148 cle XIV with respect to any Senior Indebtedness or Guarantor Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness or Guarantor Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article XIV shall apply to claims of, or payments to, the Trustee or its agent or counsel under or pursuant to Section 6.066.7.

Appears in 1 contract

Samples: Indenture (United Rentals Inc /De)

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