Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt. No right of any present or future Senior Creditors to enforce subordination as provided herein will at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Obligor or by any act or failure to act by any Senior Creditor, or by any noncompliance by the Borrower or the Company with the terms of the Subordinated Debt, regardless of any knowledge thereof which any such Senior Creditor may have or otherwise be charged with. The provisions of this Subordination Agreement are intended to be for the benefit of, and shall be enforceable directly by, the Senior Creditors.
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Samples: Subordination Agreement (Renova Media Enterprises Ltd.), Amendment Agreement No. 5 to Facility Agreement (Moscow Cablecom Corp)
Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt. No right of any present or future holders of any Senior Creditors Debt to enforce subordination as provided herein will shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Obligor the Company or by any act or failure to act act, in good faith, by any Senior Creditorsuch holder, or by any noncompliance by the Borrower or the Company with the terms of the Subordinated Debtthis Indenture, regardless of any knowledge thereof which any such Senior Creditor holder may have or otherwise be charged with. The provisions of this Subordination Agreement are intended to be for the benefit of, and shall be enforceable directly by, the Senior Creditors.
Appears in 1 contract
Samples: Indenture (McMS Inc)
Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt. No right of any present or future holders of any Senior Creditors Debt to enforce subordination as herein provided herein will shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Obligor the Company or by any act or failure to act act, in good faith, by any Senior Creditorsuch holder, or by any noncompliance by the Borrower or the Company with the terms terms, provisions and covenants of the Subordinated Debtthis Note, regardless of any knowledge thereof which any such Senior Creditor holder may have or be otherwise be charged with. The provisions of this Subordination Agreement are intended to be for the benefit of, and shall be enforceable directly by, the Senior Creditors.
Appears in 1 contract
Samples: Agreement and Accord and Satisfaction (Porta Systems Corp)