Common use of Without limiting the generality of Subsection Clause in Contracts

Without limiting the generality of Subsection. (a) of this Section, the holders of Senior Indebtedness may, any time and from time to time, without the consent of or notice to the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this Article or the obligations hereunder of the Holders of the Securities to the holders of Senior Indebtedness, do any one or more of the following: (1) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Indebtedness or any instrument evidencing the same or any agreement under which Senior Indebtedness is outstanding; (2) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (3) release any Person liable in any manner for the collection or payment of Senior Indebtedness; and (4) exercise or refrain from exercising any rights against the Company and any other Person; provided, however, that in no -------- ------- event shall any such actions limit the right of the Holders of the Securities to take any action to accelerate the maturity of the Securities pursuant to Article 5 of this Indenture or to pursue any rights or remedies hereunder or under applicable laws if the taking of such action does not otherwise violate the terms of this Article, subject to the rights, if any, under this Article, of the holders, from time to time, of Senior Indebtedness to receive the cash, property or securities receivable upon the exercise of such rights or remedies. 100

Appears in 1 contract

Sources: Indenture (Vencor Inc)

Without limiting the generality of Subsection. (a) of this Section, the holders of Senior Guarantor Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this Article Two or the obligations hereunder of the Holders of the Securities to the holders of Senior Guarantor Indebtedness, do any one or more of the following: : (1) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Guarantor Indebtedness (or the Senior Indebtedness guaranteed thereby) or any instrument evidencing the same or any agreement under which Senior Guarantor Indebtedness (or the Senior Indebtedness guaranteed thereby) is outstanding; (2) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior IndebtednessGuarantor Indebtedness (or the Senior Indebtedness guaranteed thereby); (3) release any Person liable in any manner for the collection or payment of Senior IndebtednessGuarantor Indebtedness (or the Senior Indebtedness guaranteed thereby); and (4) exercise or refrain from exercising any rights against the Company Guarantor and any other Person; provided, however, -------- ------- that in no -------- ------- event shall any such actions limit the right of the Holders of the Securities to take any action to accelerate the maturity of the Securities pursuant to in accordance with provisions described under Article 5 of this Indenture Five or to pursue any rights or remedies hereunder or under applicable laws if the taking of such action does not otherwise violate the terms of this Article, subject to the rights, if any, under this Article, of the holders, from time to time, of Senior Indebtedness to receive the cash, property or securities receivable upon the exercise of such rights or remedies. 100Article Two.

Appears in 1 contract

Sources: Supplemental Indenture (Playtex Products Inc)