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

Article XII Not to Prevent Events of Default. The failure to make a payment on account of the Subsidiary Guarantees by reason of any provision in this Article XII shall not be construed as preventing the occurrence of an Event of Default under this Indenture.

Appears in 5 contracts

Sources: Indenture (Pogo Producing Co), Indenture (Cross Timbers Oil Co), Indenture (Petsec Energy Inc)

Article XII Not to Prevent Events of Default. The failure to make a payment on account of the Subsidiary Guarantees by reason of any provision in this Article XII shall not be construed as preventing the occurrence of an Event of Default under this Indenture.. 105

Appears in 1 contract

Sources: Indenture (Cross Timbers Oil Co)