Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior Indebtedness. No right of any present or future holders 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 Note, regardless of any knowledge thereof which any such holder may have or be otherwise charged with.
Appears in 3 contracts
Samples: 4% Secured Subordinated Convertible Note (SolarMax Technology, Inc.), 4% Secured Subordinated Convertible Note (SolarMax Technology, Inc.), Convertible Note Agreement (SolarMax Technology, Inc.)
Subordination Rights Not Impaired by Acts. or Omissions of the ------------------------------------------------------------- Company or Holders of Senior Indebtedness. ----------------------------------------- No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided 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 terms of this NoteIndenture, regardless of any knowledge thereof which any such holder may have or otherwise be otherwise charged with.charged
Appears in 2 contracts
Samples: Indenture (Standard Pacific Corp /De/), Subordinated Debt Securities Indenture (Standard Pacific Corp /De/)
Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness to enforce subordination as provided 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 terms of this NoteIndenture, regardless of any knowledge thereof which any such holder may have or otherwise be otherwise charged with.charged
Appears in 1 contract
Samples: Senior Subordinated Indenture (Owens & Minor Inc/Va/)
Subordination Rights Not Impaired by Acts. or Omissions of the Company or Holders of ------------------------------------- Senior IndebtednessDebt. ----------- No right of any present or future holders of any Senior Indebtedness Debt to enforce subordination as provided 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 terms of this NoteIndenture, regardless of any knowledge thereof which any such holder may have or be otherwise charged with.
Appears in 1 contract
Samples: Indenture (Synetic Inc)
Subordination Rights Not Impaired by Acts. or Omissions of the Company Debtor or Holders Creditor of Senior Indebtedness. No right of any present or future holders 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 Debtor or by any act or failure to act, act in good faith, faith by any such holder, or by any noncompliance by the Company Debtor with the terms, terms and provisions and covenants of this Notethe Subordinated Indebtedness, regardless of any knowledge thereof which that any such holder may have or be otherwise charged with.
Appears in 1 contract
Samples: Indenture (Vivus Inc)