Common use of Subordination Not to Be Prejudiced by Certain Acts Clause in Contracts

Subordination Not to Be Prejudiced by Certain Acts. No right of any present or future holder of any Senior Indebtedness 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 or by any act or failure to act, in good faith, by any such holder or by any noncompliance by the Company with the terms, provisions, and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. ARTICLE SEVEN

Appears in 1 contract

Samples: Supplemental Indenture (United Grocers Inc /Or/)

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Subordination Not to Be Prejudiced by Certain Acts. 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, part of the Company or by any act or failure to act, in good faith, by any such holder holder, or by any noncompliance non- compliance by the Company with the terms, provisions, provisions and covenants of this IndentureAgreement, regardless of any knowledge thereof any such holder may have or be otherwise charged with. ARTICLE SEVEN.

Appears in 1 contract

Samples: Note Agreement (Eftc Corp/)

Subordination Not to Be Prejudiced by Certain Acts. No right of any present or future holder of any Senior Indebtedness of the Company to enforce subordination as herein provided provided, shall at any time in any way be prejudiced or impaired by any act or failure to act on the part, part of the Company or by any act or failure to act, in good faith, by any such holder holder, or by any noncompliance non-compliance by the Company with the terms, provisions, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. ARTICLE SEVEN.

Appears in 1 contract

Samples: Indenture (Medpartners Inc)

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Subordination Not to Be Prejudiced by Certain Acts. No right of any present or future holder of any Senior Indebtedness of the Company to enforce subordination as herein provided provided, shall at any time in any way be prejudiced or impaired by any act or failure to act on the part, part of the Company or by any act or failure to act, in good faith, by any such holder holder, or by any noncompliance non-compliance by the Company with the terms, provisions, provisions and covenants of this IndentureAgreement, regardless of any knowledge thereof any such holder may have or be otherwise charged with. ARTICLE SEVEN.

Appears in 1 contract

Samples: Note Agreement (Electronic Fab Technology Corp)

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