Common use of Ownership of Debt Clause in Contracts

Ownership of Debt. There is Friedberg Professional Group ownership of debt of the issuer (including such instruments as notes, bonds, debentures and preferred shares) with a material aggregate face payment entitlement. In such circumstances, the issuer will be included on the list of related and connected issuers maintained by FMGL and will be noted with “Debt”. • Partner, Director or Officer. A Friedberg P/D/O is a partner, officer or director of the issuer or a Related Issuer of such issuer. In such circumstances, the issuer will be included on the list of related and connected issuers maintained by FMGL and will be noted with “P/D/O”. • Other. There is a relationship other than those described above such that the issuer is considered a Connected Issuer of FMGL. In such circumstances, the issuer will be included on the list of related and connected issuers maintained by FMGL and the nature of the relationship will be described.