Common use of Nothing Clause in Contracts

Nothing. contained herein is intended to or shall impair, as between the Relevant Obligor and its creditors (other than the Holders of the Securities as regards the Senior Secured Debt and the Relevant Creditor) the obligation of the Relevant Obligor, which is unconditional and absolute, to pay to the Relevant Creditor the principal of and premium, if any, and interest on the Debt owing to the Relevant Creditor as and when the same shall become due and payable in accordance with its terms or affect the relative rights of the Relevant Creditor and creditors of the Relevant Obligor other than the Holders of the Securities as regards the Senior Secured Debt, nor shall anything herein or therein prevent the Relevant Creditor from exercising all remedies otherwise permitted by applicable law upon default with respect to the Debt owing to the Relevant Creditor subject to the rights, if any, herein of the Holders of the Securities as regards the Senior Secured Debt in respect of cash, property or securities of the Relevant Obligor received upon the exercise of any such remedy.

Nothing. contained herein is intended to or shall impair, as between the Relevant Obligor and its creditors (other than the Holders of the Securities Lenders as regards the Senior Secured Debt and the Relevant Creditor) the obligation of the Relevant Obligor, which is unconditional and absolute, to pay to the Relevant Creditor the principal of and premium, if any, and interest on the Debt owing to the Relevant Creditor as and when the same shall become due and payable in accordance with its terms or affect the relative rights of the Relevant Creditor and creditors of the Relevant Obligor other than the Holders of the Securities Lenders as regards the Senior Secured Debt, nor shall anything herein or therein prevent the Relevant Creditor from exercising all remedies otherwise permitted by applicable law upon default with respect to the Debt owing to the Relevant Creditor subject to the rights, if any, herein of the Holders of Loan Agent and/or the Securities Lenders as regards the Senior Secured Debt in respect of cash, property or securities of the Relevant Obligor received upon the exercise of any such remedy.

Nothing. contained herein is intended to or shall impair, as between the Relevant Obligor and its creditors (other than the Holders of the Debt Securities as regards the Senior Secured Debt Indebtedness and the Relevant Creditor) the obligation of the Relevant Obligor, which is unconditional and absolute, to pay to the Relevant Creditor the principal of and premium, if any, and interest on the Debt owing to the Relevant Creditor as and when the same shall become due and payable in accordance with its terms or affect the relative rights of the Relevant Creditor and creditors of the Relevant Obligor other than the Holders of the Debt Securities as regards the Senior Secured DebtIndebtedness, nor shall anything herein or therein prevent the Relevant Creditor from exercising all remedies otherwise permitted by applicable law upon default with respect to the Debt owing to the Relevant Creditor subject to the rights, if any, herein of the Holders of the Debt Securities as regards the Senior Secured Debt Indebtedness in respect of cash, property or securities of the Relevant Obligor received upon the exercise of any such remedy.