No Right to Impair Sample Clauses
The "No Right to Impair" clause prohibits either party from taking actions that would negatively affect the rights, interests, or obligations established under the agreement. In practice, this means that neither party can engage in conduct—such as transferring assets, entering conflicting agreements, or making legal claims—that would undermine the other party’s ability to benefit from or fulfill the contract. This clause serves to protect the integrity of the agreement by ensuring that both parties’ rights and obligations remain enforceable and unimpaired throughout the contract’s duration.
No Right to Impair. No Noteholder has the right to impair the rights of another Noteholder or to seek or obtain priority or preference over another Noteholder or to enforce any right under this Indenture, except in the manner stated in this Indenture.