Common use of Subordination May Not Be Impaired Clause in Contracts

Subordination May Not Be Impaired. No right of any present or future holder of any Senior Indebtedness of the Company 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 Company, as the case may be, or by any act or

Appears in 1 contract

Samples: Indenture (Nordstrom Inc)

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Subordination May Not Be Impaired. No right of any present or future holder of any Senior Indebtedness of the Company 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 Company, as the case may beor by any act or failure to act, in good faith, by any such holder, or by any act ornoncompliance by the Company, 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. Without in any way limiting the generality of the foregoing paragraph, the

Appears in 1 contract

Samples: Indenture (National Commerce Capital Trust I)

Subordination May Not Be Impaired. No right of any present or future holder of any Senior Indebtedness of the Company 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 Company, as the case may beor by any act or failure to act, in good faith, by any such holder, or by any act ornoncompliance by the Company, with the terms,

Appears in 1 contract

Samples: Indenture (Transamerica Capital Iii)

Subordination May Not Be Impaired. (a) No right of any present or future holder of any Senior Indebtedness of the Company Debt 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 CompanyCompany or by any act or failure to act, as the case may bein good faith, by any such holder, or by any act ornoncompliance by the Company with the terms, provisions and

Appears in 1 contract

Samples: Indenture (Calpine Corp)

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Subordination May Not Be Impaired. No right of any present or future holder of any Senior Indebtedness of the Company 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 Company, as the case may beor by any act or failure to act, in good faith, by any such holder, or by any act ornoncompliance by the Company, 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.

Appears in 1 contract

Samples: Indenture (Service 1st Bancorp)

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