Common use of Subordination; Priority of Payments Clause in Contracts

Subordination; Priority of Payments. The subordination provisions contained in Article X may not be amended or modified without the consent of Noteholders holding 100% of the Outstanding Principal Balance of the class of Notes affected thereby. In no event shall the provisions set forth in Section 3.6 relating to the priority of payment of Expenses be amended or modified.

Appears in 5 contracts

Samples: Indenture (Zealand Pharma a/S), Indenture (Zealand Pharma a/S), Indenture (Alexza Pharmaceuticals Inc.)

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Subordination; Priority of Payments. The subordination provisions contained in Article X may not be amended or modified without the consent of Noteholders holding of 100% of the Outstanding Principal Balance of the class of Notes affected thereby. In no event shall the provisions set forth in Section 3.6 3.7 relating to the priority of payment of Expenses be amended or modified.

Appears in 4 contracts

Samples: Indenture (Biocryst Pharmaceuticals Inc), Indenture (Supernus Pharmaceuticals Inc), Indenture (PDL Biopharma, Inc.)

Subordination; Priority of Payments. The subordination provisions contained in Article X may not be amended or modified without the consent of Noteholders holding 100% of the Outstanding Principal Balance of the class of Notes affected thereby. In no event shall the provisions set forth in Section 3.6 relating to the priority of payment of Administrative Expenses be amended or modified.

Appears in 4 contracts

Samples: Indenture (Theravance Biopharma, Inc.), Indenture (Theravance Biopharma, Inc.), Indenture (Innoviva, Inc.)

Subordination; Priority of Payments. The subordination provisions contained in Article X may not be amended or modified without the consent of Noteholders holding of 100% of the Outstanding Principal Balance of the class of Notes affected thereby. In no event shall the provisions set forth in Section 3.6 3.7 relating to the priority of payment of Expenses be amended or modifiedmodified without the consent of Noteholders of 100% of the Outstanding Principal Balance of the Notes.

Appears in 1 contract

Samples: Indenture (Encysive Pharmaceuticals Inc)

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Subordination; Priority of Payments. The subordination provisions contained in Article X may not be amended or modified without the consent of Noteholders holding 100% of the Outstanding Principal Balance of the class of Notes affected thereby. In no event shall the provisions set forth in Section 3.6 relating to the priority of payment of Expenses be amended or modified.

Appears in 1 contract

Samples: Indenture (Ironwood Pharmaceuticals Inc)

Subordination; Priority of Payments. The subordination provisions contained in Article X may not be amended or modified without the consent of Noteholders holding of 100% of the Outstanding Principal Balance of the class of Notes affected thereby. In no event shall the provisions set forth in Section 3.6 3.7 of the Intercreditor Agreement relating to the priority of payment of Expenses be amended or modified.

Appears in 1 contract

Samples: Indenture (Quintiles Transnational Corp)

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