Common use of Article Fourteen Not to Prevent Events of Default Clause in Contracts

Article Fourteen Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (if any) on or interest on the Securities by reason of any provision of this Article Fourteen 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 of the Securities from exercising any right hereunder other than the right to receive payment on the Securities.

Article Fourteen Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (of, premium, if any) on , or interest on the Subordinated Securities by reason of any provision of this Article Fourteen shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 501 or an event which with the giving of notice or lapse of time, or both, would become an Event of Default or in any way prevent the Holders of the Subordinated Securities from exercising any right hereunder other than the right to receive payment on the Subordinated Securities.

Article Fourteen Not to Prevent Events of Default. The failure to make a payment on account of principal of pursuant to the Securities or premium (the coupons, if any) on or interest on the Securities , appertaining thereto, by reason of any provision of in this Article Fourteen 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 of the Securities from exercising any right hereunder other than the right to receive payment on the SecuritiesDefault.