Common use of Rights of Holders of Senior Indebtedness Not to Be Impaired Clause in Contracts

Rights of Holders of Senior Indebtedness Not to Be Impaired. No right of any present or future holder of any Senior Indebtedness of the Company to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act in good faith by any such holder, or by any noncompliance by the Company with the terms and provisions and covenants herein regardless of any knowledge thereof any such holder may have or otherwise be charged with. The provisions of this Section 11 are intended to be for the benefit of, and shall be enforceable directly by, the holders of the Senior Indebtedness of the Company.

Rights of Holders of Senior Indebtedness Not to Be Impaired. No right of any present or future holder of any Senior Indebtedness of the Company to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act in good faith by any such holder, or by any noncompliance by the Company Company, with the terms and provisions and covenants herein regardless of any knowledge thereof any such holder may have or otherwise be charged with. The provisions of this Section 11 Article X are intended to be for the benefit of, and shall be enforceable directly by, the holders of the Senior Indebtedness of the CompanyIndebtedness.