Common use of Default on Senior Debt Clause in Contracts

Default on Senior Debt. 68 SECTION 10.04. Acceleration of Payment of Securities...................................................69 SECTION 10.05. When Distribution Must Be Paid Over.....................................................69 SECTION 10.06. Subrogation.............................................................................69 SECTION 10.07. Relative Rights.........................................................................70 SECTION 10.08. Subordination May Not Be Impaired by Company or Holders of Senior Debt...........................................................................70 SECTION 10.09. Rights of Trustee and Paying Agent......................................................71 SECTION 10.10. Distribution or Notice of Representative................................................71 SECTION 10.11. Article 10 Not to Prevent Events of Default or Limit Right to Accelerate...........................................................................71

Default on Senior Debt. 68 69 SECTION 10.04. Acceleration of Payment of Securities.....................................................................................................69 SECTION 10.05. When Distribution Must Be Paid Over.........................................................................................................69 SECTION 10.06. Subrogation.............................................................................69 ............................................................................70 SECTION 10.07. Relative Rights.................................................................................................................................................70 SECTION 10.08. Subordination May Not Be Impaired by Company or Holders of Senior Debt...........................................................................Company...........................................70 SECTION 10.09. Rights of Trustee and Paying Agent......................................................71 .....................................................70 SECTION 10.10. Distribution or Notice of to Representative...............................................................................................71 SECTION 10.11. Article 10 X Not to Prevent Events of Default or Limit Right to Accelerate............................................................................................................................................................71 SECTION 10.12. Trust Moneys Not Subordinated..........................................................71 SECTION 10.13. Trustee Entitled to Rely...............................................................71

Default on Senior Debt. 68 69 SECTION 10.04. Acceleration of Payment of Securities............................................................................................... 69 SECTION 10.05. When Distribution Must Be Paid Over................................................................................................... 69 SECTION 10.06. Subrogation.............................................................................69 ...................................................................... 70 SECTION 10.07. Relative Rights........................................................................................................................................... 70 SECTION 10.08. Subordination May Not Be Impaired by Company or Holders of Senior Debt...........................................................................Company..................................... 70 SECTION 10.09. Rights of Trustee and Paying Agent......................................................71 ............................................... 70 SECTION 10.10. Distribution or Notice of to Representative......................................................................................... 71 SECTION 10.11. Article 10 X Not to Prevent Events of Default or Limit Right to Accelerate.......................................................................................................................................................... 71 SECTION 10.12. Trust Moneys Not Subordinated.................................................... 71 SECTION 10.13. Trustee Entitled to Rely......................................................... 71

Default on Senior Debt. 68 82 SECTION 10.04. Acceleration of Payment of Securities...................................................69 ................................................... 83 SECTION 10.05. When Distribution Must Be Paid Over.....................................................69 ..................................................... 83 SECTION 10.06. Subrogation.............................................................................69 ............................................................................. 83 SECTION 10.07. Relative Rights.........................................................................70 ......................................................................... 83 SECTION 10.08. Subordination May Not Be Impaired by Company or Holders of Senior Debt...........................................................................70 Company............................................ 84 SECTION 10.09. Rights of Trustee and Paying Agent......................................................71 ...................................................... 84 SECTION 10.10. Distribution or Notice of to Representative................................................71 ................................................ 84 SECTION 10.11. Article 10 X Not to Prevent Events of Default or Limit Right to Accelerate...........................................................................71........................................................... 84 SECTION 10.12. Trust Moneys Not Subordinated........................................................... 84 SECTION 10.13. Trustee Entitled to Rely................................................................ 85 SECTION 10.14.

Default on Senior Debt. 68 52 SECTION 10.04. Acceleration of Payment of Securities...................................................69 Debentures..........................52 SECTION 10.05. When Distribution Must Be Paid Over.....................................................69 ............................52 SECTION 10.06. Subrogation.............................................................................69 ....................................................53 SECTION 10.07. Relative Rights.........................................................................70 ................................................53 SECTION 10.08. Subordination May Not Be Impaired by Company or Holders of Senior Debt...........................................................................70 Company...................53 SECTION 10.09. Rights of Trustee and Paying Agent......................................................71 .............................53 SECTION 10.10. Distribution or Notice of to Representative................................................71 SECTION 10.11. Article 10 Not to Prevent Events of Default or Limit Right to Accelerate...........................................................................71.......................54

Default on Senior Debt. 68 82 SECTION 10.04. Acceleration of Payment of Securities...................................................69 .................................................. 83 SECTION 10.05. When Distribution Must Be Paid Over.....................................................69 .................................................... 83 SECTION 10.06. Subrogation.............................................................................69 ............................................................................ 83 SECTION 10.07. Relative Rights.........................................................................70 ........................................................................ 83 SECTION 10.08. Subordination May Not Be Impaired by Company or Holders of Senior Debt...........................................................................70 Company........................................... 84 SECTION 10.09. Rights of Trustee and Paying Agent......................................................71 ..................................................... 84 SECTION 10.10. Distribution or Notice of to Representative................................................71 ............................................... 84 SECTION 10.11. Article 10 X Not to Prevent Events of Default or Limit Right to Accelerate...........................................................................71................................................................... 84 SECTION 10.12. Trust Moneys Not Subordinated.......................................................... 84 SECTION 10.13. Trustee Entitled to Rely............................................................... 85 SECTION 10.14.

Default on Senior Debt. 68 50 SECTION 10.0410.4. Acceleration of Payment of Securities...................................................69 ......................................................50 SECTION 10.0510.5. When Distribution Must Be Paid Over.....................................................69 ........................................................51 SECTION 10.0610.6. Subrogation.............................................................................69 ................................................................................51 SECTION 10.0710.7. Relative Rights.........................................................................70 ............................................................................51 SECTION 10.0810.8. Subordination May Not Be Impaired by Company or Holders of Senior Debt...........................................................................70 Company...............................................51 SECTION 10.0910.9. Rights of Trustee and Paying Agent......................................................71 .........................................................51 SECTION 10.10. Distribution or Notice of to Representative................................................71 ...................................................52 SECTION 10.11. Article 10 Not to Prevent Events of Default or Limit Right to Accelerate...........................................................................71...................52 SECTION 10.12. Trust Moneys Not Subordinated..............................................................52 SECTION 10.13. Trustee Entitled to Rely...................................................................52