Common use of No Impairment of Subordination Clause in Contracts

No Impairment of Subordination. Nothing contained in this Article or elsewhere in this Supplemental Indenture or the QUIDS shall prevent at any time the Company from making payments at any time of principal of or interest on the QUIDS, except under the conditions described in Section 402 or during the pendency of any proceedings or sale therein referred to.

Appears in 4 contracts

Sources: Seventh Supplemental Indenture (Detroit Edison Co), Seventh Supplemental Indenture (Detroit Edison Co), Seventh Supplemental Indenture (Detroit Edison Co)

No Impairment of Subordination. Nothing contained in this Article or elsewhere in this Supplemental Indenture or the QUIDS shall prevent at any time the Company from making payments at any time of principal of or interest on the QUIDS, except under the conditions described in Section 402 or during the pendency of any proceedings or sale therein referred to. SECTION 405.

Appears in 3 contracts

Sources: Fourth Supplemental Indenture (Detroit Edison Co), Fifth Supplemental Indenture (Detroit Edison Co), Fifth Supplemental Indenture (Detroit Edison Co)