Common use of Obligation of the Company Unconditional Clause in Contracts

Obligation of the Company Unconditional. Nothing contained in this Article or elsewhere in this Indenture is intended to or shall impair, as between the Company and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay the Holders of the Securities the principal of (and premium, if any) and interest on the Securities when, where and as the same shall become due and payable, all in accordance with the terms of the Securities, or is intended to or shall affect the relative rights of the Holders of the Securities and creditors other than the holders of Senior Indebtedness and Additional Senior Obligations, nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon an Event of Default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness and Additional Senior Obligations in respect of cash, property, or securities of the Company received upon the exercise of any such remedy.

Obligation of the Company Unconditional. Nothing contained in this Article Twelve or elsewhere in this Indenture is intended to or shall impair, as between the Company and the Holders holders of the SecuritiesNotes, the obligation of the Company, which is absolute and unconditional, to pay the Holders holders of the Securities Notes the principal of (and premium, if any) and interest on the Securities Notes when, where and as the same shall become due and payable, all in accordance with the terms of the SecuritiesNotes and this Indenture, or is intended to or shall affect the relative rights of the Holders holders of the Securities Notes and creditors other than the holders of Senior Indebtedness and Additional Senior ObligationsIndebtedness, nor shall anything herein or therein prevent the Trustee or the Holder holder of any Security Note from exercising all remedies otherwise permitted by applicable law upon an Event of Default under this Indenture, subject to the rights, if any, under this Article Twelve of the holders of Senior Indebtedness and Additional Senior Obligations in respect of cash, property, or securities of the Company received upon the exercise of any such remedy.