Common use of Subordination Rights Clause in Contracts

Subordination Rights. Not Impaired by Acts or Omissions of the Guarantors or Holders of Guarantor Senior Indebtedness. No right of any present or future holders of any Guarantor Senior Indebted- ness to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by any Guarantor with the terms of this Indenture, re- gardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article are intended to be for the benefit of, and shall be enforceable directly by, the holders of Guarantor Se- nior Indebtedness.

Appears in 1 contract

Samples: Indenture (Newport News Shipbuilding Inc)

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Subordination Rights. Not Impaired by Acts or Omissions of the Subsidiary Guarantors or Holders of Guarantor Senior Indebtedness. No right of any present or future holders of any Guarantor Senior Indebted- ness Indebtedness to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Subsidiary Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by any Subsidiary Guarantor with the terms of this Indenture, re- gardless regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article are intended to be for the benefit of, and shall be enforceable directly by, the holders of Guarantor Se- nior Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Frontiervision Capital Corp)

Subordination Rights. Not Impaired by Acts or Omissions of the Guarantors or Holders of Guarantor Senior Indebtedness. No right of any present or future holders of any Guarantor Senior Indebted- ness Indebtedness of any Guarantor to enforce subordination as provided herein shall in this Article Seven will at any time in any way be prejudiced or impaired by any act or failure to act on the part of any such Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by any such Guarantor with the terms of this Indenture, re- gardless regardless of any knowledge thereof which that any such holder may have or otherwise be charged with. The provisions of this Article Seven are intended to be for the benefit of, and shall be enforceable directly by, the holders of Guarantor Se- nior Senior Indebtedness.

Appears in 1 contract

Samples: Supplemental Indenture (Protection One Alarm Monitoring Inc)

Subordination Rights. Not Impaired by Acts or Omissions of the Subsidiary Guarantors or Holders of Guarantor Senior Indebtedness. No right of any present or future holders of any Senior Guarantor Senior Indebted- ness Indebtedness to enforce the subordination terms as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Subsidiary Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by any Subsidiary Guarantor with the terms of this Indenture, re- gardless regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Guarantor Se- nior Indebtedness.

Appears in 1 contract

Samples: Indenture (Black Creek Management LLC)

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Subordination Rights. Not Impaired by Acts or Omissions of Holdings, the Guarantors or Holders of Guarantor Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness of Holdings or a Guarantor Senior Indebted- ness to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of Holdings or any Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by Holdings or any Guarantor with the terms of this Indenture, re- gardless regardless of any knowledge thereof which any such holder may have or otherwise be charged with. The provisions of this Article Twelve are intended to be for the benefit of, and shall be enforceable directly by, the holders of Guarantor Se- nior IndebtednessSenior Indebtedness of Holdings or a Guarantor.

Appears in 1 contract

Samples: Indenture (Graham Packaging Holdings Co)

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