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

Subordination May Not Be Impaired by the Company. No right of any holder of Senior Debt to enforce the subordination of the indebtedness 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 3 contracts

Samples: Del Webb Corp, Del Webb Corp, Del Webb Corp

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Subordination May Not Be Impaired by the Company. No right of any holder of Senior Debt Indebtedness to enforce the subordination of the indebtedness Indebtedness evidenced by the Securities 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 3 contracts

Samples: Indenture (Hard Rock Hotel Inc), Tia Indenture (Petsmart Inc), Indenture (Interface Inc)

Subordination May Not Be Impaired by the Company. (a) No right of any holder of Senior Debt senior indebtedness to enforce the subordination of the indebtedness evidenced by the Securities 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 3 contracts

Samples: Indenture (Bell Microproducts Inc), Bell Microproducts Inc, Mgi Pharma Inc

Subordination May Not Be Impaired by the Company. (a) No right of any holder of Senior Debt Indebtedness to enforce the subordination of the indebtedness evidenced by the Securities 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 2 contracts

Samples: Indenture (Thoratec Corp), Open Solutions Inc

Subordination May Not Be Impaired by the Company. No right of any holder of Senior Debt Indebtedness to enforce the subordination of the indebtedness Indebtedness evidenced by the Securities shall may 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 2 contracts

Samples: Indenture (Platinum Group Metals LTD), s1.q4cdn.com

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

Appears in 1 contract

Samples: Steelcase Inc

Subordination May Not Be Impaired by the Company. No right of any holder of Senior Debt Indebtedness of the Company to enforce the subordination of the indebtedness 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: Schuler Homes Inc

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Subordination May Not Be Impaired by the Company. No right of any holder of Senior Debt Indebtedness to enforce the subordination of the indebtedness 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.. Without in any way limiting the generality of this Section 11.08, the holders of Senior Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders, without

Appears in 1 contract

Samples: Indenture (Vector Group LTD)

Subordination May Not Be Impaired by the Company. (a) No right of any holder of Senior Debt Indebtedness to enforce the subordination of the indebtedness 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 (Osi Pharmaceuticals Inc)

Subordination May Not Be Impaired by the Company. (a) No right of any holder of Senior Debt Indebtedness to enforce the subordination of the indebtedness Indebtedness evidenced by the Securities 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 (Osi Pharmaceuticals Inc)

Subordination May Not Be Impaired by the Company. No right of any holder of Senior Debt Indebtedness of the Company to enforce the subordination of the indebtedness Indebtedness 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: Wiser Marketing Co

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