Common use of Subordination May Not Be Impaired by Issuers Clause in Contracts

Subordination May Not Be Impaired by Issuers. No right of any holder of Designated First Lien Indebtedness of the Issuers to enforce the subordination of the Indebtedness evidenced by the Notes shall be impaired by any act or failure to act by the Issuers or by its failure to comply with this Indenture.

Appears in 4 contracts

Sources: Indenture (Clearwire Corp /DE), Note Purchase Agreement (Clearwire Corp /DE), Note Purchase Agreement (Sprint Nextel Corp)

Subordination May Not Be Impaired by Issuers. No right of any holder of Designated First Lien Indebtedness of the Issuers to enforce the subordination of the Indebtedness evidenced by the Second-Priority Notes shall be impaired by any act or failure to act by the Issuers or by its failure to comply with this Indenture.

Appears in 1 contract

Sources: Second Priority Indenture (Clearwire Corp /DE)