Common use of SECTION 1504 Clause in Contracts

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... 80 Section 1505. Securities Repaid in Part........................................... 80 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... 81 ARTICLE SEVENTEEN Subordination of Securities

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... 80 .................................68 Section 1505. Securities Repaid in Part........................................... 80 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... 81 ARTICLE SEVENTEEN Subordination of Securities......................................................................69

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... ................. 80 Section 1505. Securities Repaid in Part........................................... ...................................................... 80 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... 81 ARTICLE SEVENTEEN Subordination of Securities...................................................................... 81

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... ................................................ 80 Section 1505. Securities Repaid in Part........................................... ................................ 80 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... 81 ARTICLE SEVENTEEN Subordination of Securities

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... ....................................................... 80 Section 1505. Securities Repaid in Part........................................... 80 ......................................... 81 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... ......................................................... 81 ARTICLE SEVENTEEN Subordination of Securities

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... .......................................................... 80 Section 1505. Securities Repaid in Part........................................... ........................................ 80 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... 81 ARTICLE SEVENTEEN Subordination of Securities........................................................ 81

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... ........................................................... 80 Section 1505. Securities Repaid in Part........................................... ......................................... 80 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... 81 ARTICLE SEVENTEEN Subordination of Securities......................................................... 81

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... ........ 80 Section 1505. Securities Repaid in Part........................................... ............................................. 80 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... 81 ARTICLE SEVENTEEN Subordination of Securities

SECTION 1504. When Securities Presented for Repayment Become Due and Payable...... . 80 Section 1505. Securities Repaid in Part........................................... 80 ...................................... 81 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee........................................................... ...................................................... 81 ARTICLE SEVENTEEN Subordination of Securities