Common use of Subordination May Not Be Impaired by Company Clause in Contracts

Subordination May Not Be Impaired by Company. No right of any holder of Senior Debt of -------------------------------------------- the Company to enforce the subordination of the Debt evidenced by the Securities shall be impaired by any act or failure to act by the Company or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (Harborside Healthcare Corp)

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Subordination May Not Be Impaired by Company. No right -------------------------------------------- of any a holder of Senior Debt of -------------------------------------------- the Company to enforce the subordination of the Debt indebtedness evidenced by the Securities Notes shall be impaired by any act or failure to act by the Company or by its failure to comply with this IndentureAgreement.

Appears in 1 contract

Samples: Subordinated Note Agreement (HCC Industries International)

Subordination May Not Be Impaired by Company. No right -------------------------------------------- of any holder of Senior Debt of -------------------------------------------- the Company to enforce the subordination of the Debt Indebtedness evidenced by the Securities Notes shall be impaired by any act or failure to act by the Company or any Holder or by its the failure of the Company or any Holder to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (Just for Feet Specialty Stores Inc)

Subordination May Not Be Impaired by Company. No right of -------------------------------------------- any holder of Senior Debt of -------------------------------------------- the Company to enforce the subordination of the Debt indebtedness evidenced by the Securities Convertible Subordinated Notes shall be impaired by any act or failure to act by the Company or any holder of Convertible Subordinated Notes or by its the failure of the Company or any such holder to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (Leasing Solutions Inc)

Subordination May Not Be Impaired by Company. No right of -------------------------------------------- any holder of Senior Debt of -------------------------------------------- the Company to enforce the subordination of the Debt evidenced by the Securities shall be impaired by any act or failure to act by the Company or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (Harborside Healthcare Corp)

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Subordination May Not Be Impaired by Company. No right of -------------------------------------------- any holder of Senior Debt of -------------------------------------------- the Company to enforce the subordination of the Debt indebtedness evidenced by the Securities New Subordinated Notes shall be impaired by any act or failure to act by the Company or by its failure to comply with this IndentureAgreement.

Appears in 1 contract

Samples: Note Exchange Agreement (Dvi Inc)

Subordination May Not Be Impaired by Company. No right of any -------------------------------------------- holder of Senior Debt of -------------------------------------------- the Company Indebtedness to enforce the subordination of the Debt indebtedness evidenced by the Securities Convertible Notes shall be impaired by any act or failure to act by the Company or by its failure to comply with this IndentureNote.

Appears in 1 contract

Samples: Note Purchase Agreement (Silverado Foods Inc)

Subordination May Not Be Impaired by Company. No right of any holder of Designated Senior Debt of -------------------------------------------- the Company to enforce the subordination of the Debt indebtedness evidenced by the Securities Notes shall be impaired by any act or failure to act by the Company or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: First Supplemental Indenture (William Lyon Homes)

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