Common use of Payments of Notes on Default Clause in Contracts

Payments of Notes on Default. Suit Therefor 39 Section 6.05 . Application of Monies Collected by Trustee 40 Section 6.06 . Proceedings by Holders 41 Section 6.07 . Proceedings by Trustee 41 Section 6.08 . Remedies Cumulative and Continuing 42 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 42 Section 6.10 . Notice of Defaults 43 Section 6.11 . Undertaking to Pay Costs 43 ARTICLE 7 Concerning the Trustee Section 7.01 . Duties and Responsibilities of Trustee 43 Section 7.02 . Certain Rights of the Trustee 44

Payments of Notes on Default. Suit Therefor 39 38 Section 6.05 6.05. Application of Monies Collected by Trustee 40 Section 6.06 6.06. Proceedings by Holders 41 40 Section 6.07 6.07. Proceedings by Trustee 41 Section 6.08 6.08. Remedies Cumulative and Continuing 42 41 Section 6.09 6.09. Direction of Proceedings and Waiver Xxxxxx of Defaults by Majority of Holders 42 41 Section 6.10 6.10. Notice of Defaults 43 42 Section 6.11 6.11. Undertaking to Pay Costs 43 42 ARTICLE 7 Concerning the Trustee CONCERNING THE TRUSTEE Section 7.01 7.01. Duties and Responsibilities of Trustee 43 Section 7.02 7.02. Certain Rights of the Trustee 44

Payments of Notes on Default. Suit Therefor 39 38 Section 6.05 . Application of Monies Collected by Trustee 40 Section 6.06 . Proceedings by Holders 41 40 Section 6.07 . Proceedings by Trustee 41 Section 6.08 . Remedies Cumulative and Continuing 42 41 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 42 41 Section 6.10 . Notice of Defaults 43 42 Section 6.11 . Undertaking to Pay Costs 43 42 ARTICLE 7 Concerning the Trustee CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 43 Section 7.02 . Certain Rights of the Trustee 44

Payments of Notes on Default. Suit Therefor 39 38 Section 6.05 . Application of Monies Collected by Trustee 40 Section 6.06 . Proceedings by Holders 41 40 Section 6.07 . Proceedings by Trustee 41 Section 6.08 . Remedies Cumulative and Continuing 42 41 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 42 41 Section 6.10 . Notice of Defaults 43 42 Section 6.11 . Undertaking to Pay Costs 43 42 ARTICLE 7 Concerning the Trustee Section 7.01 . Duties and Responsibilities of Trustee 43 Section 7.02 . Certain Rights of the Trustee 44

Payments of Notes on Default. Suit Therefor 39 38 Section 6.05 . Application of Monies Collected by Trustee 40 39 Section 6.06 . Proceedings by Holders 41 39 Section 6.07 . Proceedings by Trustee 41 40 Section 6.08 . Remedies Cumulative and Continuing 42 40 Section 6.09 . Direction of Proceedings and Waiver Xxxxxx of Defaults by Majority of Holders 42 41 Section 6.10 . Notice of Defaults 43 41 Section 6.11 . Undertaking to Pay Costs 43 42 ARTICLE 7 Concerning the Trustee CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 43 42 Section 7.02 . Certain Rights of the Trustee 4443

Payments of Notes on Default. Suit Therefor 39 36 Section 6.05 . Application of Monies Collected by Trustee 40 38 Section 6.06 . Proceedings by Holders 41 38 Section 6.07 . Proceedings by Trustee 41 39 Section 6.08 . Remedies Cumulative and Continuing 42 39 Section 6.09 . Direction of Proceedings and Waiver Xxxxxx of Defaults by Majority of Holders 42 40 Section 6.10 . Notice of Defaults 43 41 Section 6.11 . Undertaking to Pay Costs 43 41 ARTICLE 7 Concerning the Trustee Section 7.01 . Duties and Responsibilities of Trustee 43 41 Section 7.02 . Certain Rights of the Trustee 4443

Payments of Notes on Default. Suit Therefor 39 36 Section 6.05 . Application of Monies Collected by Trustee 40 37 Section 6.06 . Proceedings by Holders 41 38 Section 6.07 . Proceedings by Trustee 41 38 Section 6.08 . Remedies Cumulative and Continuing 42 39 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 42 39 Section 6.10 . Notice of Defaults 43 40 Section 6.11 . Undertaking to Pay Costs 43 ARTICLE 7 Concerning 40 Article 7Concerning the Trustee Section 7.01 . Duties and Responsibilities of Trustee 43 40 Section 7.02 . Certain Rights of the Trustee 4441