Common use of Subordination May Not Be Impaired by Company or the Subsidiary Guarantors Clause in Contracts

Subordination May Not Be Impaired by Company or the Subsidiary Guarantors. No right of any holder of Senior Indebtedness or Guarantor Senior Indebtedness to enforce the subordination of the Indebtedness evidenced by the Securities or the related Subsidiary Guarantee shall be impaired by any act or failure to act by the Company or any Subsidiary Guarantor or by the failure of any of them to comply with this Indenture.

Appears in 3 contracts

Samples: Indenture (International Wire Group Inc), Indenture (Wire Harness Industries Inc), Campfire Inc

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Subordination May Not Be Impaired by Company or the Subsidiary Guarantors. No right of any holder of Senior Indebtedness or Subsidiary Guarantor Senior Indebtedness to enforce the subordination of the Indebtedness evidenced by the Securities or the related Subsidiary Guarantee Guaranty shall be impaired by any act or failure to act by the Company or any Subsidiary Guarantor or by the failure of any of them to comply with this Indenture.

Appears in 1 contract

Samples: Ero Marketing Inc

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