Common use of Ranking of the Notes Clause in Contracts

Ranking of the Notes. From the Original Issue Date until May 18, 2004, the Notes will be the Corporation’s direct, unsecured obligations and will rank without preference or priority among themselves and equally with all of the Corporation’s existing and future unsecured and subordinated indebtedness, subordinate and junior in right of payment to all of the Corporation’s Senior Indebtedness. On and after May 18, 2004, the Notes will become the Corporation’s direct, unsecured obligations and will rank without preference or priority among themselves and equally with all of the Corporation’s existing and future unsecured and unsubordinated indebtedness (including ranking equally with all prior unsubordinated Securities issued pursuant to the Original Indenture), senior in right of payment to all of the Corporation’s subordinated indebtedness.

Ranking of the Notes. From the Original Issue Date until May 18, 2004, the Notes will be the Corporation’s 's direct, unsecured obligations and will rank without preference or priority among themselves and equally with all of the Corporation’s 's existing and future unsecured and subordinated indebtedness, subordinate and junior in right of payment to all of the Corporation’s 's Senior Indebtedness. On and after May 18, 2004, the Notes will become the Corporation’s 's direct, unsecured obligations and will rank without preference or priority among themselves and equally with all of the Corporation’s 's existing and future unsecured and unsubordinated indebtedness (including ranking equally with all prior unsubordinated Securities issued pursuant to the Original Indenture), senior in right of payment to all of the Corporation’s 's subordinated indebtedness.