Common use of Subordination May Not Be Impaired Clause in Contracts

Subordination May Not Be Impaired. (a) No right of any present or future holder of any Senior Indebtedness of the Issuer to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Issuer or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Issuer with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof that any such holder may have or otherwise be charged with.

Subordination May Not Be Impaired. (a) No right of any present or future holder of any Senior Indebtedness of either of the Issuer Issuers to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the such Issuer or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the such Issuer with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof that any such holder may have or otherwise be charged with.

Subordination May Not Be Impaired. (a) No right of any present or future holder of any Senior Indebtedness of the Issuer Recipient to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Issuer Recipient, as the case may be, or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Issuer Recipient, as the case may be, with the terms, provisions and covenants of this IndentureAgreement, regardless of any knowledge thereof that any such holder may have or otherwise be charged with.

Subordination May Not Be Impaired. (ai) No right of any present or future holder of any Senior Indebtedness of the Issuer to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Issuer or by any act or failure to act, in good faith, faith by any such holder, or by any noncompliance by the Issuer Company, with the terms, terms and provisions and covenants of this Indentureherein, regardless of any knowledge 11 thereof that any such holder may have or otherwise be charged with.