Common use of Default on Designated Senior Debt Clause in Contracts

Default on Designated Senior Debt. 87 SECTION 12.04. Acceleration of Notes.............................................................. 87 SECTION 12.05. When Distribution Must Be Paid Over................................................ 88 SECTION 12.06. Notice by the Company.............................................................. 88 SECTION 12.07. Subrogation........................................................................ 88 SECTION 12.08. Relative Rights.................................................................... 88 SECTION 12.09. Subordination May Not Be Impaired by the Company................................... 89 SECTION 12.10. Distribution or Notice to Representative........................................... 89 SECTION 12.11. Rights of Trustee and Paying Agent................................................. 89 SECTION 12.12. Authorization to Effect Subordination.............................................. 90

Default on Designated Senior Debt. 87 SECTION 75 Section 12.04. Acceleration of Notes.............................................................. 87 SECTION .......................................76 Section 12.05. When Distribution Must Be Paid Over................................................ 88 SECTION .........................76 Section 12.06. Notice by the Company.............................................................. 88 SECTION ...........................................76 Section 12.07. Subrogation........................................................................ 88 SECTION .................................................76 Section 12.08. Relative Rights.................................................................... 88 SECTION .............................................77 Section 12.09. Subordination May Not Be Impaired by the Company................................... 89 SECTION Subsidiary Guarantor...................................................77 Section 12.10. Distribution or Notice to Representative........................................... 89 SECTION ....................77 Section 12.11. Rights of Trustee and Paying Agent................................................. 89 SECTION ..........................78 Section 12.12. Authorization to Effect Subordination.............................................. 90.......................78 Section 12.13. Amendments..................................................78

Default on Designated Senior Debt. 87 86 SECTION 12.0410.04. Acceleration of Notes.............................................................. 87 Securities................................................. 86 SECTION 12.0510.05. When Distribution Must Be Paid Over................................................ 88 ........................................ 87 SECTION 12.0610.06. Notice by the Company.............................................................. 88 Issuer....................................................... 87 SECTION 12.0710.07. Subrogation........................................................................ 88 ................................................................ 87 SECTION 12.0810.08. Relative Rights.................................................................... ............................................................ 88 SECTION 12.0910.09. Subordination May Not Be Impaired by the Company................................... 89 Issuer............................ 88 SECTION 12.1010.10. Distribution or Notice to Representative........................................... 89 ................................... 88 SECTION 12.1110.11. Rights of Trustee and Paying Agent................................................. ......................................... 89 SECTION 12.1210.12. Authorization to To Effect Subordination.............................................. 90...................................... 89 ARTICLE XI

Default on Designated Senior Debt. 87 SECTION 70 Section 12.04. Acceleration of Notes.............................................................. 87 SECTION Subsidiary Guarantees.................................................... 71 Section 12.05. When Distribution Must Be be Paid Over................................................ 88 SECTION ...................................................... 71 Section 12.06. Notice by the Company.............................................................. 88 SECTION Guarantor...................................................................... 71 Section 12.07. Subrogation........................................................................ 88 SECTION .............................................................................. 72 Section 12.08. Relative Rights.................................................................... 88 SECTION .......................................................................... 72 Section 12.09. Subordination May Not Be be Impaired by the Company................................... 89 SECTION Guarantor........................................... 72 Section 12.10. Distribution or Notice to Representative........................................... 89 SECTION ................................................. 73 Section 12.11. Rights of Trustee and Paying Agent................................................. 89 SECTION ....................................................... 73 Section 12.12. Authorization to Effect Subordination.............................................. 90.................................................... 74 Section 12.13. Amendments............................................................................... 74

Default on Designated Senior Debt. 87 94 SECTION 12.0410.04. Acceleration of Notes.............................................................. 87 ...................................................................95 SECTION 12.0510.05. When Distribution Must Be Paid Over................................................ 88 .....................................................96 SECTION 12.0610.06. Notice by the Company.............................................................. 88 .......................................................................96 SECTION 12.0710.07. Subrogation........................................................................ 88 .............................................................................96 SECTION 12.0810.08. Relative Rights.................................................................... 88 .........................................................................97 SECTION 12.0910.09. Subordination May Not Be Impaired by the Company................................... 89 ............................................97 SECTION 12.1010.10. Distribution or Notice to Representative........................................... 89 ................................................98 SECTION 12.1110.11. Rights of Trustee and Paying Agent................................................. 89 ......................................................98 SECTION 12.1210.12. Authorization to Effect Subordination.............................................. 90...................................................99 SECTION 10.13. Amendments..............................................................................99

Default on Designated Senior Debt. 87 SECTION 72 Section 12.04. Acceleration of Notes.............................................................. 87 SECTION ................................................. 73 Section 12.05. When Distribution Must Be Paid Over................................................ 88 SECTION ................................... 73 Section 12.06. Notice by the Company.............................................................. 88 SECTION Guarantor................................................... 73 Section 12.07. Subrogation........................................................................ 88 SECTION ........................................................... 74 Section 12.08. Relative Rights.................................................................... 88 SECTION ....................................................... 74 Section 12.09. Subordination May Not Be Impaired by the Company................................... 89 SECTION Guarantors................... 74 Section 12.10. Distribution or Notice to Representative........................................... 89 SECTION .............................. 75 Section 12.11. Rights of Trustee and Paying Agent................................................. 89 SECTION .................................... 75 Section 12.12. Authorization to Effect Subordination.............................................. 90................................. 76 Section 12.13. Amendments............................................................ 76 ARTICLE 13 MISCELLANEOUS................................................. 76 Section 13.01.

Default on Designated Senior Debt. 87 64 SECTION 12.04. Acceleration of Notes.............................................................. 87 Securities................................. 65 SECTION 12.05. When Distribution Must Be Paid Over................................................ 88 ........................ 65 SECTION 12.06. Notice by the Company.............................................................. 88 Guarantor........................................ 66 SECTION 12.07. Subrogation........................................................................ 88 ................................................ 66 SECTION 12.08. Relative Rights.................................................................... 88 ............................................ 66 SECTION 12.09. Subordination May Not Be Impaired by the Company................................... 89 Guarantors........ 66 SECTION 12.10. Distribution or Notice to Representative........................................... 89 ................... 67 SECTION 12.11. Rights of Trustee and Paying Agent................................................. 89 ......................... 67 SECTION 12.12. Authorization to Effect Subordination.............................................. 90...................... 68 SECTION 12.13. Amendments................................................. 68

Default on Designated Senior Debt. 87 SECTION 12.0472 TABLE OF CONTENTS (continued) Page Section 11.04. Acceleration of Notes.............................................................. 87 SECTION 12.05....................................73 Section 11.05. When Distribution Must Be Paid Over................................................ 88 SECTION 12.06......................73 Section 11.06. Notice by By the Company.............................................................. 88 SECTION 12.07Issuers....................................74 Section 11.07. Subrogation........................................................................ 88 SECTION 12.08..............................................74 Section 11.08. Relative Rights.................................................................... 88 SECTION 12.09..........................................74 Section 11.09. Subordination May Not Be Impaired by By the Company................................... 89 SECTION 12.10Issuers.........74 Section 11.10. Distribution or Or Notice to To Representative........................................... 89 SECTION 12.11.................75 Section 11.11. Rights of Of Trustee and And Paying Agent................................................. 89 SECTION 12.12.......................75 Section 11.12. Authorization to To Effect Subordination.............................................. 90....................75 Section 11.13. Trust Moneys Not Subordinated............................76

Default on Designated Senior Debt. 87 83 SECTION 12.0410.04. Acceleration of Notes.............................................................. 87 ..................................................................84 SECTION 12.0510.05. When Distribution Must Be Paid Over................................................ 88 ....................................................84 SECTION 12.0610.06. Notice by the Company.............................................................. 88 ......................................................................84 SECTION 12.0710.07. Subrogation........................................................................ 88 ............................................................................85 SECTION 12.0810.08. Relative Rights.................................................................... 88 ........................................................................85 SECTION 12.0910.09. Subordination May Not Be Impaired by the Company................................... 89 ...........................................86 SECTION 12.1010.10. Distribution or Notice to Representative........................................... 89 ...............................................86 SECTION 12.1110.11. Rights of Trustee and Paying Agent................................................. 89 .....................................................86 SECTION 12.1210.12. Authorization to Effect Subordination.............................................. 90..................................................87 SECTION 10.13. Amendments.............................................................................87 Article 11

Default on Designated Senior Debt. 87 SECTION 12.0455 Section 10.04. Acceleration of Notes.............................................................. 87 SECTION 12.05........................................55 Section 10.05. When Distribution Must Be Paid Over................................................ 88 SECTION 12.06..........................55 Section 10.06. Notice by the Company.............................................................. 88 SECTION 12.07............................................56 Section 10.07. Subrogation........................................................................ 88 SECTION 12.08..................................................56 Section 10.08. Relative Rights.................................................................... 88 SECTION 12.09..............................................56 Section 10.09. Subordination May Not Be Impaired by the Company................................... 89 SECTION 12.10.................56 Section 10.10. Distribution or Notice to Representative........................................... 89 SECTION 12.11.....................56 Section 10.11. Rights of Trustee and Paying Agent................................................. 89 SECTION 12.12...........................57 Section 10.12. Authorization to Effect Subordination.............................................. 90........................57 Section 10.13. Amendments...................................................57 ARTICLE 11. MISCELLANEOUS...................................................57

Default on Designated Senior Debt. 87 SECTION 12.0475 Section 10.04. Acceleration of Notes.............................................................. 87 SECTION 12.05Debentures.....................................................................76 Section 10.05. When Distribution Must Be Paid Over................................................ 88 SECTION 12.06............................................................76 Section 10.06. Notice by the Company.............................................................. 88 SECTION 12.07..............................................................................77 Section 10.07. Subrogation........................................................................ 88 SECTION 12.08....................................................................................77 Section 10.08. Relative Rights.................................................................... 88 SECTION 12.09................................................................................77 Section 10.09. Subordination May Not Be Impaired by the Company................................... 89 SECTION 12.10...................................................77 Section 10.10. Distribution or Notice to Representative........................................... 89 SECTION 12.11.......................................................77 Section 10.11. Rights of Trustee and Paying Agent................................................. 89 SECTION 12.12.............................................................78 Section 10.12. Authorization to Effect Subordination.............................................. 90..........................................................78 Section 10.13. Amendments.....................................................................................78 ARTICLE 11. MISCELLANEOUS........................................................................................78

Default on Designated Senior Debt. 87 SECTION 68 Section 12.04. Acceleration of Notes.............................................................. 87 SECTION Subsidiary Guarantees............................. 68 Section 12.05. When Distribution Must Be Paid Over................................................ 88 SECTION ............................... 68 Section 12.06. Notice by the Company.............................................................. 88 SECTION Subsidiary Guarantor.................................... 69 Section 12.07. Subrogation........................................................................ 88 SECTION ....................................................... 69 Section 12.08. Relative Rights.................................................................... 88 SECTION ................................................... 69 Section 12.09. Subordination May Not Be Impaired by the Company................................... 89 SECTION Subsidiary Guarantor......... 70 Section 12.10. Distribution or Notice to Representative........................................... 89 SECTION .......................... 71 Section 12.11. Rights of Trustee and Paying Agent................................................. 89 SECTION ................................ 71 Section 12.12. Authorization to Effect Subordination.............................................. 90............................. 71 Section 12.13. Amendments........................................................ 72