Common use of Article Fifteen Not To Prevent Events of Default Clause in Contracts

Article Fifteen Not To Prevent Events of Default. The failure to make any payment due on the Securities by reason of any provision of this Article Fifteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 501 or in any way prevent the Holders from exercising any right hereunder other than the right to receive payment on the Securities.

Article Fifteen Not To Prevent Events of Default. The failure to make any payment due on pursuant to the Securities Guarantees by reason of any provision of in this Article Fifteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 501 or in any way prevent the Holders from exercising any right hereunder other than the right to receive payment on the SecuritiesDefault.