Common use of Default on Senior Debt Clause in Contracts

Default on Senior Debt. 88 Section 10.04. Acceleration of Payment of Notes...............................................89 Section 10.05. When Distribution Must Be Paid Over............................................89 Section 10.06. Subrogation....................................................................89 Section 10.07. Relative Rights................................................................89 Section 10.08. Subordination May Not Be Impaired by Issuers...................................89 Section 10.09. Rights of Trustee and Paying Agent.............................................89 Section 10.10. Distribution or Notice to Representative.......................................90 Section 10.11. Article 10 Not to Prevent Events of Default or Limit Right to Accelerate.......90 Section 10.12. Trust Monies Not Subordinated..................................................90 Section 10.13. Trustee Entitled to Rely.......................................................90 Section 10.14.

Default on Senior Debt. 88 78 Section 10.0411.04. Acceleration of Payment of Notes...............................................89 Securities............................................. 78 Section 10.0511.05. When Distribution Must Be Paid Over............................................89 ............................................... 78 Section 10.0611.06. Subrogation....................................................................89 ....................................................................... 79 Section 10.0711.07. Relative Rights................................................................89 ................................................................... 79 Section 10.0811.08. Subordination May Not Be Impaired by Issuers...................................89 Company...................................... 79 TABLE OF CONTENTS Page Section 10.0911.09. Rights of Trustee and Paying Agent.............................................89 .................................................. 79 Section 10.1011.10. Distribution or Notice to Representative.......................................90 ............................................ 79 Section 10.1111.11. Article 10 11 Not to Prevent Events of Default or Limit Right to Accelerate.......90 ............ 79 Section 10.1211.12. Trust Monies Moneys Not Subordinated..................................................90 ....................................................... 79 Section 10.1311.13. Trustee Entitled to Rely.......................................................90 Section 10.14............................................................. 80

Default on Senior Debt. 88 Section 69 SECTION 10.04. Acceleration of Payment of Notes...............................................89 Section Securities............................................ 69 SECTION 10.05. When Distribution Must Be Paid Over............................................89 Section .............................................. 69 SECTION 10.06. Subrogation....................................................................89 Section ...................................................................... 70 SECTION 10.07. Relative Rights................................................................89 Section .................................................................. 70 SECTION 10.08. Subordination May Not Be Impaired by Issuers...................................89 Section Company..................................... 70 SECTION 10.09. Rights of Trustee and Paying Agent.............................................89 Section ............................................... 70 SECTION 10.10. Distribution or Notice to Representative.......................................90 Section ......................................... 71 SECTION 10.11. Article 10 X Not to Prevent Events of Default or Limit Right to Accelerate.......90 Section ............................................................................... 71 SECTION 10.12. Trust Monies Moneys Not Subordinated..................................................90 Section .................................................... 71 SECTION 10.13. Trustee Entitled to Rely.......................................................90 Section 10.14.......................................................... 71

Default on Senior Debt. 88 Section 82 SECTION 10.04. Acceleration of Payment of Notes...............................................89 Section Securities.................................................. 83 SECTION 10.05. When Distribution Must Be Paid Over............................................89 Section .................................................... 83 SECTION 10.06. Subrogation....................................................................89 Section ............................................................................ 83 SECTION 10.07. Relative Rights................................................................89 Section ........................................................................ 83 SECTION 10.08. Subordination May Not Be Impaired by Issuers...................................89 Section Company........................................... 84 SECTION 10.09. Rights of Trustee and Paying Agent.............................................89 Section ..................................................... 84 SECTION 10.10. Distribution or Notice to Representative.......................................90 Section ............................................... 84 SECTION 10.11. Article 10 X Not to Prevent Events of Default or Limit Right to Accelerate.......90 Section ................................................................... 84 SECTION 10.12. Trust Monies Moneys Not Subordinated..................................................90 Section .......................................................... 84 SECTION 10.13. Trustee Entitled to Rely.......................................................90 Section ............................................................... 85 SECTION 10.14.

Default on Senior Debt. 88 89 Section 10.0411.04. Acceleration of Payment of Notes...............................................89 Securities................................................ 90 Section 10.0511.05. When Distribution Must Be Paid Over............................................89 .................................................. 90 Section 10.0611.06. Subrogation....................................................................89 .......................................................................... 90 Section 10.0711.07. Relative Rights................................................................89 ...................................................................... 90 Section 10.0811.08. Subordination May Not Be Impaired by Issuers...................................89 By SFC............................................. 91 Section 10.0911.09. Rights of Of Trustee and And Paying Agent.............................................89 ................................................... 91 Section 10.1011.10. Distribution or Notice to To Representative.......................................90 ............................................. 91 Section 10.1111.11. Article 10 11 Not to To Prevent Events of Default or Limit Right to To Accelerate.......90 ............. 91 Section 10.1211.12. Trust Monies Moneys Not Subordinated..................................................90 ........................................................ 91 Section 10.1311.13. Trustee Entitled to To Rely.......................................................90 Section 10.14.............................................................. 91

Default on Senior Debt. 88 Section 82 SECTION 10.04. Acceleration of Payment of Notes...............................................89 Section Securities................................................... 83 SECTION 10.05. When Distribution Must Be Paid Over............................................89 Section ..................................................... 83 SECTION 10.06. Subrogation....................................................................89 Section ............................................................................. 83 SECTION 10.07. Relative Rights................................................................89 Section ......................................................................... 83 SECTION 10.08. Subordination May Not Be Impaired by Issuers...................................89 Section Company............................................ 84 SECTION 10.09. Rights of Trustee and Paying Agent.............................................89 Section ...................................................... 84 SECTION 10.10. Distribution or Notice to Representative.......................................90 Section ................................................ 84 SECTION 10.11. Article 10 X Not to Prevent Events of Default or Limit Right to Accelerate.......90 Section ........................................................... 84 SECTION 10.12. Trust Monies Moneys Not Subordinated..................................................90 Section ........................................................... 84 SECTION 10.13. Trustee Entitled to Rely.......................................................90 Section ................................................................ 85 SECTION 10.14.

Default on Senior Debt. 88 Section 10.0450 SECTION 10.4. Acceleration of Payment of Notes...............................................89 Section 10.05Securities......................................................50 SECTION 10.5. When Distribution Must Be Paid Over............................................89 Section 10.06........................................................51 SECTION 10.6. Subrogation....................................................................89 Section 10.07................................................................................51 SECTION 10.7. Relative Rights................................................................89 Section 10.08............................................................................51 SECTION 10.8. Subordination May Not Be Impaired by Issuers...................................89 Section 10.09Company...............................................51 SECTION 10.9. Rights of Trustee and Paying Agent.............................................89 Section .........................................................51 SECTION 10.10. Distribution or Notice to Representative.......................................90 Section ...................................................52 SECTION 10.11. Article 10 Not to Prevent Events of Default or Limit Right to Accelerate.......90 Section ...................52 SECTION 10.12. Trust Monies Moneys Not Subordinated..................................................90 Section ..............................................................52 SECTION 10.13. Trustee Entitled to Rely.......................................................90 Section 10.14....................................................................52

Default on Senior Debt. 88 Section 69 SECTION 10.04. Acceleration of Payment of Notes...............................................89 Section Securities..................................................69 SECTION 10.05. When Distribution Must Be Paid Over............................................89 Section ....................................................69 SECTION 10.06. Subrogation....................................................................89 Section ............................................................................70 SECTION 10.07. Relative Rights................................................................89 Section ........................................................................70 SECTION 10.08. Subordination May Not Be Impaired by Issuers...................................89 Section Company...........................................70 SECTION 10.09. Rights of Trustee and Paying Agent.............................................89 Section .....................................................70 SECTION 10.10. Distribution or Notice to Representative.......................................90 Section ...............................................71 SECTION 10.11. Article 10 X Not to Prevent Events of Default or Limit Right to Accelerate.......90 Section .................................................................................71 SECTION 10.12. Trust Monies Moneys Not Subordinated..................................................90 Section ..........................................................71 SECTION 10.13. Trustee Entitled to Rely.......................................................90 Section 10.14................................................................71

Default on Senior Debt. 88 68 Section 10.0412.04. Acceleration of Payment of Notes...............................................89 Securities....................................... 68 Section 10.0512.05. When Distribution Must Be Paid Over............................................89 ......................................... 68 Section 10.0612.06. Subrogation....................................................................89 ................................................................. 69 Section 10.0712.07. Relative Rights................................................................89 ............................................................. 69 Section 10.0812.08. Subordination May Not Be Impaired by Issuers...................................89 the Company or the Subsidiary Guarantors ................................................................. 69 Section 10.0912.09. Rights of Trustee and Paying Agent.............................................89 .......................................... 69 Section 10.1012.10. Distribution or Notice to Representative.......................................90 .................................... 69 Section 10.1112.11. Article 10 12 Not to Prevent Events of Default or Limit Right to Accelerate.......90 .... 70 Section 10.1212.12. Trust Monies Moneys Not Subordinated..................................................90 ............................................... 70 Section 10.1312.13. Trustee Entitled to Rely.......................................................90 Section 10.14..................................................... 70

Default on Senior Debt. 88 40 Section 10.04. 11.04 Acceleration of Payment of Notes...............................................89 Securities. ............... 42 Section 10.05. 11.05 When Distribution Must Be be Paid Over............................................89 . ................. 42 Section 10.0611.06 Subrogation. Subrogation....................................................................89 ......................................... 42 Section 10.07. 11.07 Relative Rights................................................................89 . ..................................... 42 Section 10.08. 11.08 Subordination May Not Be be Impaired by Issuers...................................89 Company. ........ 41 Section 10.09. 11.09 Rights of Trustee and Paying Agent.............................................89 . .................. 41 Section 10.10. 11.10 Distribution or Notice to Representative.......................................90 . ............ 42 Section 10.11. 11.11 Article 10 11 Not to Prevent Events of Default or Limit Right to Accelerate.......90 . ........................ 43 Section 10.12. 11.12 Trust Monies Moneys Not Subordinated..................................................90 . ....................... 43 Section 10.13. 11.13 Trustee Entitled to Rely.......................................................90 . ............................ 43 Section 10.14.11.14