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

Subordination May Not Be Impaired by the Guarantors. No right of any holder of Senior Debt of the Guarantor or Additional Guarantors to enforce the subordination of the Indebtedness evidenced by the Guarantees shall be impaired by any act or failure to act by any Guarantor or Additional Guarantor or by the failure of any Guarantor or Additional Guarantor to comply with this Indenture.

Appears in 1 contract

Samples: Mezzanine Indenture (Waterford Wedgwood PLC)

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

Appears in 1 contract

Samples: Indenture (Us Can Corp)

Subordination May Not Be Impaired by the Guarantors. (a) No right of any holder of Senior Debt of the any Guarantor or Additional Guarantors to enforce the subordination of the Indebtedness evidenced by the Guarantees Guarantee Obligations of such Subsidiary shall be impaired by any act or failure to act by any such Guarantor or Additional Guarantor any Holder or by the failure of such Guarantor, the Trustee or any Guarantor or Additional Guarantor Holder to comply with this Indenture.

Appears in 1 contract

Samples: Ipcs Inc

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Subordination May Not Be Impaired by the Guarantors. No right of any holder of Senior Debt of the any Guarantor or Additional Guarantors to enforce the subordination of the Indebtedness evidenced by the Guarantees Guarantee Obligations of such Subsidiary shall be impaired by any act or failure to act by any such Guarantor or Additional Guarantor any Holder or by the failure of such Guarantor, the Trustee or any Guarantor or Additional Guarantor Holder to comply with this Indenture.

Appears in 1 contract

Samples: Indenture (Horizon PCS Inc)

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