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

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

Appears in 5 contracts

Samples: Indenture (MPLX Lp), Indenture (MPLX Lp), Indenture (Spectra Energy Partners, LP)

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Subordination May Not Be Impaired by Partnership. No right of any holder of Senior Indebtedness to enforce the subordination of the Debt evidenced by the Subordinated Debt Securities and the Guarantee in respect thereof shall be impaired by any act or failure to act by the Partnership or any of the Subsidiary Guarantors or by its failure to comply with this Indenture.

Appears in 4 contracts

Samples: Indenture (EnLink Midstream Partners, LP), Indenture (Oiltanking Partners, L.P.), Indenture (Kerr-McGee Gathering LLC)

Subordination May Not Be Impaired by Partnership. No right of any holder of Senior Indebtedness to enforce the subordination of the Debt evidenced by the Subordinated Debt Securities and the Guarantee in respect thereof shall be impaired by any act or failure to act by the Partnership or the Subsidiary Guarantors or by its failure to comply with this Indenture.

Appears in 3 contracts

Samples: Indenture (Magellan Midstream Partners Lp), Val Verde Gas Gathering Co Lp, Jonah Gas Gathering Co

Subordination May Not Be Impaired by Partnership. No right of any holder of Senior Indebtedness to enforce the subordination of the Debt evidenced by the Subordinated Debt Securities and the Guarantee in respect thereof shall be impaired by any act or failure to act by the Partnership or the Subsidiary Guarantors or by its failure to comply with this Indenture.

Appears in 2 contracts

Samples: ETC Texas Pipeline, LTD, Heritage Operating Lp

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

Appears in 2 contracts

Samples: Indenture (ONEOK Partners LP), Northern Border Partners Lp

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Subordination May Not Be Impaired by Partnership. No right of any holder of Senior Indebtedness Debt of the Partnership or any Guarantor to enforce the subordination of the Debt Indebtedness evidenced by the Subordinated Debt Securities Notes and the Guarantees in respect thereof shall be impaired by any act or failure to act by the Partnership or any Guarantor or by its failure to comply with this Indenture.

Appears in 1 contract

Samples: First Supplemental Indenture (NuStar Energy L.P.)

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

Appears in 1 contract

Samples: Buckeye Partners, L.P.

Subordination May Not Be Impaired by Partnership. No right of any holder of Senior Indebtedness to enforce the subordination of the Debt evidenced by the Subordinated Debt Securities and any related Guarantee shall be impaired by any act or failure to act by the Partnership or the Subsidiary Guarantors or by its or their failure to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (K-Sea Transportation Inc.)

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