Subordination Rights definition

Subordination Rights shall have the meaning specified in Section 3.04 hereof.
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Subordination Rights. Not Impaired by Acts or Omissions of the Issuer or Holders of Senior Indebtedness. No right of any present or future holders of any Senior 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 the Issuer or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Issuer with the terms of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. Without in any way limiting the generality of the foregoing paragraph, the holders of Senior Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee, without incurring responsibility to the Trustee or the Holders of the Securities and without impairing or releasing the subordination provided in this Article XII or the obligations hereunder of the Holders of the Securities to the holders of the Senior Indebtedness, do any one or more of the following: (i) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Indebtedness, or otherwise amend or supplement in any manner Senior Indebtedness, or any instrument evidencing the same or any agreement under which Senior Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (iii) release any Person liable in any manner for the payment or collection of Senior Indebtedness; and (iv) exercise or refrain from exercising any rights against the Issuer and any other Person.
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Subordination Rights means the subordination provisions contained in Article X of the Subordinated Notes Indenture and Article 10 of the Stub Notes Indenture.
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Examples of Subordination Rights in a sentence

  • Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness.

  • Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt.

  • Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Indebtedness .

  • Subordination Rights not Impaired by Acts or Omissions of Company or Holders of Senior Indebtedness.

  • Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness 37 Section 11.10.

  • Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt...............................

  • Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness .

  • Other than with respect to the Subordinated Note Payment Amount (and in such case only if Class 4 votes to accept the Plan), nothing in the Plan, the Confirmation Order, the Disclosure Statement or otherwise shall be deemed or construed, directly or indirectly, by implication or otherwise, as a waiver of any of the Subordination Rights or rights of enforcement with respect thereto.

  • Subordination Rights Not Impaired by Acts or Omissions of the Company, the Guarantors or Holders of Senior Debt .

  • Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt 69 Section 1410.


More Definitions of Subordination Rights

Subordination Rights. Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt 69 SECTION 8.10...Holders Authorize Trustee to Effectuate Subordination of Securities 69 SECTION 8.11...This Article Not to Prevent Events of Default 69 SECTION 8.12...Trustee's Compensation Not Prejudiced 70 SECTION 8.13...No Waiver of Subordination Provisions 70 SECTION 8.14...Subordination Provisions Not Applicable to Money Held in Trust for Holders 70 SECTION 8.15...Amendments 70 ARTICLE Nine
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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 provisions contained in this Section 8 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 of this Agreement, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of Senior Indebtedness may extend, renew, modify or amend the terms of the Senior Indebtedness or any security therefor and release, sell or exchange such security and otherwise deal freely with the Company all without affecting the liabilities and obligations of the parties to this Agreement or the Holders.
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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 provisions contained in this Section 13 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 any Subsidiary 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 of this Agreement, or by any noncompliance by any Subsidiary with the terms of the Subordinated Guaranty regardless of any knowledge thereof with which any such holder may have or be otherwise charged. The holders of Senior Indebtedness may extend, renew, modify or amend the terms of the Senior Indebted- ness or any security therefor and release, sell or exchange such security and otherwise deal freely with the Company and the Subsidiaries all without affecting the liabilities and obliga- tions of the parties to this Agreement, the subordination provi- sions of this Section 13 or the rights of holders of Senior Indebtedness to enforce such provisions.
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Subordination Rights means the subordination provisions contained in Article 14 of the Senior Subordinated Notes Indentures.
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Subordination Rights means the subordination rights of the Holders of the Prepetition Senior Secured Notes (as modified by that certain order entered by the Bankruptcy Court on October 31, 2002) and the Prepetition Senior Notes pursuant to the Prepetition Subordinated Notes Indenture, or any supplemental indenture thereto.
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Related to Subordination Rights

  • Subordination Agreement means any subordination agreement in form and substance satisfactory to Administrative Agent entered into from time to time with respect to Subordinated Debt.

  • Subordination The provisions described in Section 4.05 relating to the allocation of Realized Losses.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Second Lien Intercreditor Agreement means a “junior lien” Intercreditor Agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent, among the Administrative Agent and one or more Designated Representatives for holders of Alternative Incremental Facility Indebtedness or Permitted Junior Secured Refinancing Debt.

  • Subordination Deed means a subordination deed entered into or to be entered into by, inter alia, each Subordinated Creditor and the Agent in agreed form;

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Affiliate Subordination Agreement means an Affiliate Subordination Agreement in the form of Exhibit B pursuant to which intercompany obligations and advances owed by any Loan Party are subordinated to the Obligations.

  • Guarantor Senior Debt shall include the principal of, premium, if any, and interest on all Obligations of every nature of such Subsidiary Guarantor from time to time owed to the lenders under the Partnership Credit Facility, including, without limitation, principal of and interest on, and all fees, indemnities and expenses payable by such Subsidiary Guarantor under, the Partnership Credit Facility, and (y) in the case of amounts owing by such Subsidiary Guarantor under the Partnership Credit Facility and guarantees of Designated Senior Indebtedness, "Guarantor Senior Debt" shall include interest accruing thereon subsequent to the occurrence of any Event of Default specified in clause (h) or (i) of Section 6.01 relating to such Subsidiary Guarantor, whether or not the claim for such interest is allowed under any applicable Bankruptcy Law. Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include (i) Indebtedness evidenced by the Notes or the Guarantees, (ii) Indebtedness that is expressly subordinate or junior in right of payment to any other Indebtedness of such Subsidiary Guarantor, (iii) any liability for federal, state, local or other taxes owed or owing by such Subsidiary Guarantor, (iv) Indebtedness of such Subsidiary Guarantor to the Partnership or a Subsidiary of the Partnership or any other Affiliate of the Partnership, (v) any trade payables of such Subsidiary Guarantor, and (vi) any Indebtedness which is incurred by such Subsidiary Guarantor in violation of this Indenture.