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

Subordination Not Impaired by the Company. No right of the ----------------------------------------- Trustee or any holder of Senior Debt to enforce the subordination of the Management Fees shall be impaired by any act or failure to act by the Company or by its failure to comply with these provisions.

Appears in 2 contracts

Samples: Manager Subordination Agreement (HWCC Shreveport Inc), Manager Subordination Agreement (Shreveport Capital Corp)

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Subordination Not Impaired by the Company. No right of the any ----------------------------------------- Trustee or any holder of Senior Debt to enforce the subordination of the Management Fees Subordinated Obligations shall be impaired by any act or failure to act by the Company or by its failure to comply with these provisions.

Appears in 1 contract

Samples: Manager Subordination Agreement (Isle of Capri Black Hawk Capital Corp)

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Subordination Not Impaired by the Company. No right of the ----------------------------------------- Lessor/Trustee or any holder of Senior Debt Lender to enforce the subordination of the Management Fees shall be impaired by any act or failure to act by the Company or by its the Company's failure to comply with these provisions.

Appears in 1 contract

Samples: Participation Agreement (HCS Ii Inc)

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