Common use of Rights of Trustee as Holder of Senior Indebtedness 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 Fourteen with respect to any Senior Indebtedness or Subsidiary Guarantor Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness or Subsidiary Guarantor Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article Fourteen shall apply to claims of, or payments to, the Trustee under or pursuant to Section 606.

Appears in 1 contract

Samples: Indenture (Breed Technologies 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 Fourteen with respect to any Senior Indebtedness or Subsidiary Guarantor Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness or Subsidiary Guarantor Senior Indebtedness, and nothing in this Supplemental Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article Fourteen shall apply to subordinate any claims of, or payments to, the Trustee under or pursuant to Section 6067.06 of the Subordinated Indenture to Senior Indebtedness.

Appears in 1 contract

Samples: Supplemental Subordinated Indenture (Exodus Communications 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 Fourteen with respect to any Senior Indebtedness or Subsidiary Guarantor Senior Indebtedness which may at any time be held by it, and with respect to any Other Financial Obligations owed to the Trustee as an Entitled Person, to the same extent as any other holder of Senior Indebtedness or Subsidiary Guarantor Senior IndebtednessEntitled Persons in respect of Other Financial Obligations, as the case may be, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holderholder or Entitled Person. Nothing in this Article Fourteen shall apply to claims of, or payments to, the Trustee under or pursuant to Section 606607.

Appears in 1 contract

Samples: Indenture (First State Bancorporation)

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