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

Subordination May Not Be Impaired by Note Guarantors. No right of any holder of Senior Indebtedness of any Note Guarantor to enforce the subordination of the obligations of such Note Guarantor shall be impaired by any act or failure to act by such Note Guarantor or by its failure to comply with this Indenture.

Appears in 7 contracts

Samples: Indenture (BGF Industries Inc), Indenture (Global Imaging Systems Inc), Indenture (Constar Inc)

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Subordination May Not Be Impaired by Note Guarantors. No right of any holder of Senior Indebtedness of any a Note Guarantor to enforce the subordination of the obligations of such payments pursuant to its Note Guarantor Guarantee shall be impaired by any act or failure to act by such Note Guarantor or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (Graphic Packaging Corp)

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Subordination May Not Be Impaired by Note Guarantors. No right of any holder of Guarantor Senior Indebtedness of any a Note Guarantor to enforce the subordination of the obligations of payments pursuant to such Note Guarantor Guarantor's Note Guarantee shall be impaired by any act or failure to act by such Note Guarantor or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (Relocation Management Systems Inc)

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