Common use of Section 12 Clause in Contracts

Section 12. 09. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness.................................51 Section 12.10. Securityholders Authorize Trustee To Effectuate Subordination of Securities...................................................51 Section 12.11. This Article Not to Prevent Events of Default....................................52 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-

Appears in 1 contract

Sources: Indenture (Collins & Aikman Products Co)

Section 12. 09. Subordination Rights Not Impaired by Acts or Omissions of the Company Guarantor or Holders of Guarantor Senior Indebtedness.................................51 Section Indebtedness ............................................ 78 SECTION 12.10. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Section Guarantee .............................. 78 SECTION 12.11. This Article Not to Prevent Events of Default....................................52 Section Default ............ 79 SECTION 12.12. Trustee's Compensation Not Prejudiced............................................52 Section Prejudiced .................... 79 SECTION 12.13. No Waiver of Guarantee Subordination Provisions............................................52 -iv-Provisions ........

Appears in 1 contract

Sources: Indenture (Fedders North America Inc)

Section 12. 09. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness.................................51 Section 12.10. Securityholders Authorize Trustee To Effectuate Subordination of Securities...................................................51 Section 12.11. This Article Not to Prevent Events of Default....................................52 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-52

Appears in 1 contract

Sources: Indenture (Collins & Aikman Products Co)

Section 12. 098. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness.................................51 Section 12.10............ 54 SECTION 12.9. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Section .............................. 55 SECTION 12.10. Right of Trustee to Hold Senior Indebtedness............. 55 SECTION 12.11. This Article XII Not to Prevent Events of Default....................................52 Section ............. 55 SECTION 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver Duty of Subordination Provisions............................................52 -iv-Trustee and Other Agents to Holders of Senior Indebtedness...................................... 55

Appears in 1 contract

Sources: Indenture (Halter Marine Group Inc)

Section 12. 098. Subordination Rights Not Impaired by Acts or Omissions of the Company Company, the Guarantors or Holders of Senior Indebtedness.................................51 Section 12.10Debt...... 89 SECTION 12.9. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Section ................................ 89 SECTION 12.10. Right of Trustee to Hold Senior Debt........................ 90 SECTION 12.11. This Article XII Not to Prevent Events of Default....................................52 Section ................ 90 SECTION 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver Fiduciary Duty of Subordination Provisions............................................52 -iv-Trustee to Holders of Senior Debt............................................. 90 ARTICLE XIII MISCELLANEOUS

Appears in 1 contract

Sources: Indenture (Doskocil Manufacturing Co Inc)

Section 12. 0910. Subordination Rights Not Impaired by Acts or Omissions of the Company Subsidiary Guarantors or Holders of Subsidiary Guarantors' Senior Indebtedness.................................51 Section 12.10Indebtedness ..........................97 SECTION 12.11. Securityholders Noteholders Authorize Trustee To Effectuate Subordination of Securities...................................................51 Section 12.11Notes ...................................97 SECTION 12.12. This Article Twelve Not to To Prevent Events of Default....................................52 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-Default ......98 ARTICLE THIRTEEN MISCELLANEOUS

Appears in 1 contract

Sources: Indenture (Amida Industries Inc)

Section 12. 09. Subordination Rights Not Impaired by Acts or Omissions of the Company Guarantors or Holders of Senior Indebtedness.................................51 Section Debt of Guarantors............................................. 68 SECTION 12.10. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Section 12.11. This Article Not to Prevent Events of Default....................................52 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-Guarantee....

Appears in 1 contract

Sources: Indenture (Triton PCS Holdings Inc)

Section 12. 098. Subordination Rights Not Impaired by Acts or Omissions of the Company Company, the Guarantors or Holders of Senior Indebtedness.................................51 Section 12.10Debt................................................70 SECTION 12.9. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Section ......................71 SECTION 12.10. Right of Trustee to Hold Senior Debt.............................................................71 SECTION 12.11. This Article XII Not to Prevent Events of Default....................................52 Section .....................................................71 SECTION 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver Fiduciary Duty of Subordination Provisions............................................52 -iv-Trustee to Holders of Senior Debt...........................................71 ARTICLE XIII MISCELLANEOUS

Appears in 1 contract

Sources: Indenture (Compass Aerospace LTD)

Section 12. 09. Subordination Rights Not Impaired by Acts or Omissions of the Company Guarantors or Holders of Senior Indebtedness.................................51 Section Debt of Guarantors................................. 67 SECTION 12.10. Securityholders Authorize Trustee To Effectuate Subordination of Securities...................................................51 Section Guarantees........................ 67 SECTION 12.11. This Article Not to Prevent Events of Default....................................52 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-....

Appears in 1 contract

Sources: Indenture (Aep Industries Inc)

Section 12. 098. Subordination Rights Not Impaired by Acts or Omissions of the Company Company, the Guarantors or Holders of Senior Indebtedness.................................51 Section 12.10Debt................................ 93 SECTION 12.9. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Section .......................................................... 94 SECTION 12.10. Right of Trustee to Hold Senior Debt............................................................ 94 SECTION 12.11. This Article XII Not to Prevent Events of Default....................................52 Section .................................................... 94 SECTION 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver Fiduciary Duty of Subordination Provisions............................................52 -iv-Trustee to Holders of Senior Debt....................................................................... 95 ARTICLE XIII MISCELLANEOUS

Appears in 1 contract

Sources: Indenture (Wichita Manufacturing Inc)

Section 12. 098. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness.................................51 Section 12.10........... 63 SECTION 12.9. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Section Debentures............................... 64 SECTION 12.10. Right of Trustee to Hold Senior Indebtedness............................. 64 SECTION 12.11. This Article XII Not to Prevent Events of Default....................................52 Section .................................. 64 SECTION 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver Fiduciary Duty of Subordination Provisions............................................52 -iv-Trustee to Holders of Senior Indebtedness................... 65 ARTICLE XIII

Appears in 1 contract

Sources: Indenture (Pride Petroleum Services Inc)

Section 12. 0910. Subordination Rights Not Impaired by Acts or Omissions of the Company Subsidiary Guarantors or Holders of Subsidiary Guarantors' Senior Indebtedness.................................51 Section 12.10............................................89 SECTION 12.11. Securityholders Noteholders Authorize Trustee To Effectuate Subordination of Securities...................................................51 Section 12.11Notes..........................................................90 SECTION 12.12. This Article Twelve Not to To Prevent Events of Default....................................52 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-...........90 ARTICLE THIRTEEN MISCELLANEOUS

Appears in 1 contract

Sources: Indenture (Terex Corp)

Section 12. 099. Subordination Rights Not Impaired by Acts or Omissions of the Company Guarantors or Holders of Senior Indebtedness.................................51 Debt of Guarantors..............................89 Section 12.10. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Guarantee.....................89 Section 12.11. This Article Not to Prevent Events of Default....................................52 ...............89 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 .......................89 Section 12.13. No Waiver of Guarantee Subordination Provisions............................................52 -iv-.............90 Section 12.14. Payments May Be Paid Prior to Dissolution...................90

Appears in 1 contract

Sources: Indenture (United Auto Group Inc)

Section 12. 098. Subordination Rights Not Impaired by Acts or Omissions of the Company Company, the Guarantors or Holders of Senior Indebtedness.................................51 Section 12.10Debt 92 SECTION 12.9. Securityholders Authorize Trustee To to Effectuate Subordination of Securities...................................................51 Section ............................. 92 SECTION 12.10. Right of Trustee to Hold Senior Debt................... 93 SECTION 12.11. This Article XII Not to Prevent Events of Default....................................52 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-.........

Appears in 1 contract

Sources: Indenture (Quality Food Centers Inc)

Section 12. 0910. Subordination Rights Not Impaired by Acts or Omissions of the Company Subsidiary Guarantors or Holders of Subsidiary Guarantors' Senior Indebtedness.................................51 Section 12.10....................89 SECTION 12.11. Securityholders Noteholders Authorize Trustee To Effectuate Subordination of Securities...................................................51 Section 12.11Notes.............................90 SECTION 12.12. This Article Twelve Not to To Prevent Events of Default....................................52 Section 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-........90 ARTICLE THIRTEEN MISCELLANEOUS

Appears in 1 contract

Sources: Indenture (Terex Corp)

Section 12. 09. Subordination Rights Not Impaired by Acts or Omissions of the Company Guarantors or Holders of Guarantor Senior Indebtedness.................................51 Section ...............................................75 SECTION 12.10. Securityholders Authorize Trustee To Effectuate Subordination of Securities...................................................51 Section Guaranty..................................75 SECTION 12.11. This Article Not to To Prevent Events of Default....................................52 Section ................75 SECTION 12.12. Trustee's Compensation Not Prejudiced............................................52 Section 12.13. No Waiver of Subordination Provisions............................................52 -iv-.

Appears in 1 contract

Sources: Indenture (Airxcel Inc)

Section 12. 09. 8 Subordination Rights Not Impaired by Acts or Omissions of Holdings, the Company Guarantors or Holders of Senior Indebtedness.................................51 Section 12.10. ............................... 96 SECTION 12.9 Securityholders Authorize Trustee To Effectuate Subordination of Securities...................................................51 Section 12.11. Guarantee........................... 96 SECTION 12.10 This Article Not to To Prevent Events of Default....................................52 Section 12.12. ................ 97 SECTION 12.11 Trustee's Compensation Not Prejudiced............................................52 Section 12.13. ........................ 97 SECTION 12.12 No Waiver of Guarantee Subordination Provisions............................................52 -iv-.............. 97 ARTICLE XIII MISCELLANEOUS................................................ 97

Appears in 1 contract

Sources: Indenture (Graham Packaging Holdings Co)