Common use of Effect of Subordination Provisions Clause in Contracts

Effect of Subordination Provisions. Unless otherwise expressly established pursuant to Section 2.02 with respect to the Subordinated Securities of any Series, the provisions of Article 10 hereof, insofar as they pertain to the Subordinated Notes of such series, and the Subordination Provisions established pursuant to Section 2.02(h) with respect to such Series, are hereby expressly made subject to the provisions for satisfaction and discharge and defeasance and covenant defeasance set for this Article 8 and, anything herein to the contrary notwithstanding, upon the effectiveness of such satisfaction and discharge and defeasance and covenant defeasance pursuant to this Article 8 with respect to the Notes of such Series, such Notes shall thereupon cease to be so subordinated and shall no longer be subject to the provisions of Article 10 or the Subordination Provisions established pursuant to Section 2.02(h) with respect to such series and, without limitation to the foregoing, all moneys, U.S. Government Obligations and other securities or property deposited with the Trustee (or other qualifying trustee) in trust in connection with such satisfaction and discharge, defeasance or covenant defeasance, as the case may be, and all proceeds therefrom may be applied to pay the principal of, premium, if any, on, and mandatory sinking fund payments, if any with respect to the Notes of such Series as and when the same shall become due and payable notwithstanding the provisions of Article 10 or such Subordination Provisions.

Effect of Subordination Provisions. Unless otherwise expressly established pursuant to Section 2.02 ‎Section 2.03 with respect to the Subordinated Securities of any Seriesseries, the provisions of Article ‎Article 10 hereof, insofar as they pertain to the Subordinated Notes Securities of such series, and the Subordination Provisions established pursuant to Section 2.02(h‎Section 2.03(i) with respect to such Seriesseries, are hereby expressly made subject to the provisions for satisfaction and discharge and defeasance and covenant defeasance set for forth in this Article 8 and, anything herein to the contrary notwithstanding, upon the effectiveness of such satisfaction and discharge and defeasance and covenant defeasance pursuant to this Article 8 with respect to the Notes Securities of such Seriesseries, such Notes Securities shall thereupon cease to be so subordinated and shall no longer be subject to the provisions of Article ‎Article 10 or the Subordination Provisions Provision established pursuant to Section 2.02(h‎Section 2.03(i) with respect to such series and, without limitation to the foregoing, all moneys, U.S. Government Obligations government obligations and other securities or property deposited with the Trustee (or other qualifying trustee) in trust in connection with such satisfaction and discharge, defeasance or covenant defeasance, as the case may be, and all proceeds therefrom may be applied to pay the principal of, premium, if any, on, and mandatory sinking fund payments, if any any, with respect to the Notes Securities of such Series series as and when the same shall become due and payable notwithstanding the provisions of Article ‎Article 10 or such Subordination Provisions.

Effect of Subordination Provisions. Unless otherwise expressly established pursuant to Section 2.02 3.01 with respect to the Subordinated Securities of any Seriesseries, the provisions of Article 10 Section 1.15 hereof, insofar as they pertain to the Subordinated Notes Securities of such series, and the Subordination Provisions established pursuant to Section 2.02(h3.01(9) with respect to such Seriesseries, are hereby expressly made subject to the provisions for satisfaction and discharge and defeasance and covenant defeasance set for this Article 8 forth in Sections 4.01, 4.03 and 4.04 hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of such satisfaction and discharge and defeasance and covenant defeasance pursuant to this Article 8 Section 4.01, 4.03 and 4.04 with respect to the Notes Securities of such Seriesseries, such Notes Securities shall thereupon cease to be so subordinated and shall no longer be subject to the provisions of Article 10 Section 1.15 or the Subordination Provisions established pursuant to Section 2.02(h3.01(9) with respect to such series and, without limitation to the foregoing, all moneys, U.S. Government Obligations and other securities or property deposited with the Trustee (or other qualifying trustee) in trust in connection with such satisfaction and discharge, defeasance or covenant defeasance, as the case may be, and all proceeds therefrom may be applied to pay the principal of, premium, if any, and interest, if any, on, and mandatory sinking fund paymentsMandatory Sinking Fund Payments, if any any, with respect to the Notes Securities of such Series series as and when the same shall become due and payable notwithstanding the provisions of Article 10 Section 1.15 or such Subordination Provisions.

Effect of Subordination Provisions. Unless otherwise expressly established pursuant to Section 2.02 2.03 with respect to the Subordinated Securities of any Seriesseries, the provisions of Article 10 hereof, insofar as they pertain to the Subordinated Notes Securities of such series, and the Subordination Provisions established pursuant to Section 2.02(h2.03(i) with respect to such Seriesseries, are hereby expressly made subject to the provisions for satisfaction and discharge and defeasance and covenant defeasance set for forth in this Article 8 and, anything herein to the contrary notwithstanding, upon the effectiveness of such satisfaction and discharge and defeasance and covenant defeasance pursuant to this Article 8 with respect to the Notes Securities of such Seriesseries, such Notes Securities shall thereupon cease to be so subordinated and shall no longer be subject to the provisions of Article 10 or the Subordination Provisions Provision established pursuant to Section 2.02(h2.03(i) with respect to such series and, without limitation to the foregoing, all moneys, U.S. Government Obligations government obligations and other securities or property deposited with the Trustee (or other qualifying trustee) in trust in connection with such satisfaction and discharge, defeasance or covenant defeasance, as the case may be, and all proceeds therefrom may be applied to pay the principal of, premium, if any, on, and mandatory sinking fund payments, if any any, with respect to the Notes Securities of such Series series as and when the same shall become due and payable notwithstanding the provisions of Article 10 or such Subordination Provisions.

Effect of Subordination Provisions. Unless otherwise expressly established pursuant to Section 2.02 with respect to the Subordinated Securities of any Series, the provisions of Article 10 hereof, insofar as they pertain to the Subordinated Notes Securities of such seriesSeries, and the Subordination Provisions established pursuant to Section 2.02(h2.02(i) with respect to such Series, are hereby expressly made subject to the provisions for satisfaction and discharge and defeasance and covenant defeasance set for forth in this Article 8 and, anything herein to the contrary notwithstanding, upon the effectiveness of such satisfaction and discharge and defeasance and covenant defeasance pursuant to this Article 8 with respect to the Notes Securities of such Series, such Notes Securities shall thereupon cease to be so subordinated and shall no longer be subject to the provisions of Article 10 or the Subordination Provisions established pursuant to Section 2.02(h2.02(i) with respect to such series Series and, without limitation to the foregoing, all moneys, U.S. Government Obligations and other securities or property deposited with the Trustee (or other qualifying trustee) in trust in connection with such satisfaction and discharge, defeasance or covenant defeasance, as the case may be, and all proceeds therefrom may be applied to pay the principal of, premium, if any, on, and mandatory sinking fund payments, if any with respect to the Notes Securities of such Series as and when the same shall become due and payable notwithstanding the provisions of Article 10 or such Subordination Provisions.