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

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (if any) or interest on or any Additional Amounts with respect to the Securities by reason of any provision of this Article X shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 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.

Appears in 9 contracts

Sources: Subordinated Indenture (McDermott International Inc), Subordinated Indenture (Oceaneering International Inc), Subordinated Indenture (Encore Operating Louisiana, LLC)

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (if any) or interest on or any Additional Amounts with respect to the Securities by reason of any provision of this Article X shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 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.

Appears in 6 contracts

Sources: Indenture (R&b Falcon Corp), Subordinated Debt Indenture (Lyondell Trust Iii), Indenture (Seitel Capital Trust Ii)

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (of, premium, if any) , or interest on or any Additional Amounts with respect to the Securities by reason of any provision of this Article X shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 6.1 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.

Appears in 5 contracts

Sources: Indenture (Noble Broadcast Group Inc /Oh/), Indenture (Noble Broadcast Group Inc /Oh/), Indenture (Multiverse Acquisition Corp)

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (if any) or interest on or any Additional Amounts with respect to the Securities of any series by reason of any provision of this Article X shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 with respect to Securities of such series or in any way prevent the Holders of the Securities of such series from exercising any right hereunder other than the right to receive payment on the SecuritiesSecurities of such series.

Appears in 3 contracts

Sources: Indenture (Pride International Inc), Subordinated Indenture (Pioneer Companies Inc), Indenture (Conoco Inc /De)

Not to Prevent Events of Default. The This failure to make a payment on account of principal of or premium (of, premium, if any) , or interest on or any Additional Amounts with respect to the Securities by reason of any provision of this Article X XI shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 6.1 or in any way prevent limit the Holders rights of the Securities from exercising Trustee or any right hereunder Securityholder to pursue any other than the right rights or remedies with respect to receive payment on the Securities.

Appears in 2 contracts

Sources: Indenture (HPSC Inc), Indenture (HPSC Inc)

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (if any) or interest on or any Additional Amounts with respect to the Subordinated Securities by reason of any provision of this Article X shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 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.

Appears in 1 contract

Sources: Indenture (Nuveen Investments Inc)

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (of, premium, if any) , or interest on or any Additional Amounts with respect to the Securities by reason of any provision of this Article X XII shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 1 or in any way prevent limit the Holders rights of the Securities from exercising Trustee or any right hereunder Holder to pursue any other than the right rights or remedies with respect to receive payment on the Securities.

Appears in 1 contract

Sources: Indenture (Urohealth Systems Inc)

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (of, premium, if any) or , interest on or any Additional Amounts with respect to on, the Securities by reason of any provision of this Article X XI shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 6.1 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.

Appears in 1 contract

Sources: Indenture (United States Filter Corp)

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (if any) or interest on the Securities of any series or any Additional Amounts with respect to the Securities related Guarantee by reason of any provision of this Article X shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 with respect to Securities of such series and any related Guarantee or in any way prevent the Holders of the Securities of such series and any related Guarantee from exercising any right hereunder other than the right to receive payment on the SecuritiesSecurities of such series and any related Guarantee.

Appears in 1 contract

Sources: Indenture (Westlake International CORP)

Not to Prevent Events of Default. The failure to make a payment on account of principal of or premium (of, premium, if any) , or interest on or any Additional Amounts with respect to the Securities by reason of any provision of this Article X XIII shall not be construed as preventing the occurrence of a Default or an Event of Default under Section 6.01 6.1 or in any way prevent limit the Holders rights of the Securities from exercising Trustee or any right hereunder Holder to pursue any other than the right rights or remedies with respect to receive payment on the Securities.

Appears in 1 contract

Sources: Indenture (Sun Healthcare Group Inc)