Common use of Subordination May Not Be Impaired Clause in Contracts

Subordination May Not Be Impaired. No right of any holder of Senior Debt to enforce the subordination of the Indebtedness evidenced by the Notes shall be impaired by any act or failure to act by the Company or the Holders of any Notes or by the failure of the Company or any Holder of Notes to comply with this Indenture.

Appears in 3 contracts

Samples: Indenture (United Community Banks Inc), Indenture (United Community Banks Inc), Caraustar Industries Inc

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Subordination May Not Be Impaired. No right of any holder of Senior Debt to enforce the subordination of the Indebtedness indebtedness evidenced by the Notes Securities shall be impaired by any act or failure to act by the Company Company, any holder of Senior Debt or the Holders of any Notes Holder or by the failure of the Company or any Holder of Notes to comply with this IndentureIndenture or by modification of the terms of the Senior Debt.

Appears in 2 contracts

Samples: Indenture (Viskase Companies Inc), Viskase Companies Inc

Subordination May Not Be Impaired. No right of any holder of Senior Debt to enforce the subordination of the Indebtedness evidenced by the Notes shall be impaired by any act or failure to act by the Company Company, Notes or the Holders any Holder of any Notes Senior Debt or by the failure of the Company or any Holder of Senior Subordinated Notes to comply with this Indenture. SECTION 10.10.

Appears in 1 contract

Samples: Indenture (Printpack Inc)

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 Notes shall be impaired by any act or failure to act by the Company or the Holders of any Notes Holder or by the failure of the Company or any Holder of Notes to comply with this Indenture.

Appears in 1 contract

Samples: Article Twelve Satisfaction And (American Seafoods Inc)

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Subordination May Not Be Impaired. No right of any holder of Senior Debt to enforce the subordination of the Indebtedness evidenced by the Notes and the Subsidiary Guarantees shall be impaired by any act or failure to act by the Company Company, any Guarantor or the Holders of any Notes or by the failure of the Company Company, any Guarantor or any Holder of Notes to comply with this Indenture.

Appears in 1 contract

Samples: Caraustar Industries Inc

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