Common use of SECTION 1404 Clause in Contracts

SECTION 1404. No Payment When Senior Debt in Default................................................... 57 Section 1405. Payment Permitted in Certain Situations.................................................. 58 Section 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58

SECTION 1404. No Payment When Senior Debt in Default................................................... ................... 57 Section 1405. Payment Permitted in Certain Situations.................................................. .................. 58 Section 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58.......

SECTION 1404. No Payment When Senior Debt in Default................................................... 57 .................68 Section 1405. Payment Permitted in Certain Situations.................................................. 58 ................69 Section 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58....

SECTION 1404. No Payment When Senior Debt in Default................................................... 57 ........................................77 Section 1405. Payment Permitted in Certain Situations.................................................. 58 .......................................78 Section 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58...............................78

SECTION 1404. No Payment When Senior Debt in Default................................................... 57 ...............................................60 Section 1405. Payment Permitted in Certain Situations.................................................. 58 ..............................................60 Section 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58......................................61

SECTION 1404. No Payment When Senior Debt Indebtedness in Default................................................... 57 Section .....................................63 SECTION 1405. Payment Permitted in Certain Situations.................................................. 58 Section ............................................64 SECTION 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58Indebtedness............................64

SECTION 1404. No Payment When Senior Debt Indebtedness in Default................................................... 57 ...................................... 87 Section 1405. Payment Permitted in Certain Situations.................................................. 58 Acknowledgment of Reliance...................... 87 Section 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58Indebtedness............................. 87

SECTION 1404. No Payment When Senior Debt in Default................................................... 57 ........................................77 Section 1405. Payment Permitted in Certain Situations.................................................. 58 Section 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58.......................................78

SECTION 1404. No Payment When Senior Debt in Default................................................... ..................... 57 Section 1405. Payment Permitted in Certain Situations.................................................. .................... 58 Section 1406. Subrogation to Rights of Holders of Senior Debt.......................................... 58.........