Limitation of Transactions Subordination Sample Clauses
The 'Limitation of Transactions; Subordination' clause restricts certain actions or transactions by one or more parties, often to protect the interests of another party, such as a lender or senior creditor. In practice, this clause may prohibit the borrower from entering into additional debt agreements, selling key assets, or making significant financial commitments without prior consent. Additionally, it establishes that the rights or claims of one party are subordinate to those of another, meaning they will be paid or satisfied only after the senior party's interests are addressed. The core function of this clause is to manage risk and maintain the priority of claims, ensuring that senior parties are protected from actions that could jeopardize their position or repayment.
Limitation of Transactions Subordination. 16 SECTION 6.1
Limitation of Transactions Subordination. Limitation of Transactions SECTION 6.2 Ranking
Limitation of Transactions Subordination. 15 SECTION 6.1
Limitation of Transactions Subordination. Limitation of Transactions 11 SECTION 6.2 Ranking 12 ARTICLE VII TERMINATION SECTION 7.1 Termination 12 ARTICLE VIII INDEMNIFICATION SECTION 8.1 Exculpation 12 SECTION 8.2 Indemnification 12 ARTICLE IX MISCELLANEOUS SECTION 9.1 Successors and Assigns 13 SECTION 9.2 Amendments 13 SECTION 9.3 Notices 13 SECTION 9.4 Benefit 14 SECTION 9.5 Governing Law 14 SECTION 9.6 Genders 14 SECTION 9.7 Counterparts 14 CAPITAL SECURITIES GUARANTEE AGREEMENT This GUARANTEE AGREEMENT (the "Capital Securities Guarantee"), dated as of December 11, 1996, is executed and delivered by Fleet Financial Group, Inc., a Rhode Island corporation (the "Guarantor"), and The First National Bank of Chicago, a national banking association, as trustee (the "Capital Guarantee Trustee"), for the benefit of the Holders (as defined herein) of Fleet Capital Trust II, a Delaware statutory business trust (the "Issuer").
Limitation of Transactions Subordination. Limitation of Transactions 6 SECTION 3.2 Ranking 6 ARTICLE IV TERMINATION SECTION 4.1 Termination 7 ARTICLE V
Limitation of Transactions Subordination. 14 Section 6.1. Limitation on Transactions. 14 Section 6.2 Ranking. 14 ARTICLE VII. 14 TERMINATION 14 Section 7.1. Termination. 14 ARTICLE VIII. 15 INDEMNIFICATION 15 Section 8.1. Exculpation. 15 Section 8.2. Indemnification. 15 ARTICLE IX. 15
Limitation of Transactions Subordination. 12 SECTION 6.1 Limitation of Transactions.................................................... 12 SECTION 6.2 Subordination................................................................. 13 ARTICLE VII TERMINATION.......................................................................... 13 SECTION 7.1 Termination................................................................... 13 ARTICLE VIII INDEMNIFICATION..................................................................... 13 SECTION 8.1 Exculpation................................................................... 13 SECTION 8.2 Indemnification............................................................... 13 SECTION 8.3 Compensation.................................................................. 14 ARTICLE IX MISCELLANEOUS......................................................................... 14 SECTION 9.1 Successors and Assigns........................................................ 14 SECTION 9.2 Amendments.................................................................... 14 ii SECTION 9.3 Notices....................................................................... 14 SECTION 9.4 Benefit....................................................................... 15 SECTION 9.5 Governing Law................................................................. 15 SECTION 9.6 Counterparts.................................................................. 15 PREFERRED SECURITIES GUARANTEE AGREEMENT This GUARANTEE AGREEMENT (the "Preferred Securities Guarantee"), dated as of _________________, is executed and delivered by Devon Energy Corporation, a Delaware corporation (the "Guarantor"), and ________________________, as trustee (the "Preferred Securities Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of Devon Financing Trust II, a Delaware statutory business trust (the "Issuer").
Limitation of Transactions Subordination. 15 TABLE OF CONTENTS(continued) -----------------
Limitation of Transactions Subordination. Section 5.1 Limitation of Transactions Section 5.2 Ranking Section 6.1 Termination
Limitation of Transactions Subordination. Limitation of Transactions 13 SECTION 5.2. Ranking 13 SECTION 6.1. Termination 14 SECTION 7.1. Exculpation 14 SECTION 7.2. Indemnification 14 SECTION 7.3. Compensation; Reimbursement of Expenses 15