Common use of Secured Debt Default Clause in Contracts

Secured Debt Default. 27 SECTION 5.9 Actions by Collateral Trustee............................................ 27 SECTION 5.10 Security or Indemnity in favor of the Collateral Trustee................. 27 SECTION 5.11 Rights of the Collateral Trustee......................................... 27 SECTION 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral....... 28 SECTION 5.13 Assumption of Rights, Not Assumption of Duties........................... 28 SECTION 5.14 No Liability for Clean Up of Hazardous Materials......................... 28

Secured Debt Default. 27 SECTION 5.9 33 5.9. Actions by Collateral Trustee............................................ 27 SECTION 5.10 .................................................................... 33 5.10. Security or Indemnity in favor of the Collateral Trustee................. 27 SECTION 5.11 ........................................ 33 5.11. Rights of the Collateral Trustee......................................... 27 SECTION 5.12 ................................................................ 33 5.12. Limitations on Duty of Collateral Trustee in Respect of Collateral....... 28 SECTION 5.13 .............................. 33 5.13. Assumption of Rights, Not Assumption of Duties........................... 28 SECTION 5.14 .................................................. 34 5.14. No Liability for Clean Up of Hazardous Materials......................... 28................................................ 34

Secured Debt Default. 27 31 SECTION 5.9 Actions by Collateral Trustee............................................ 27 ....................................... 31 SECTION 5.10 Security or Indemnity in favor of the Collateral Trustee................. 27 ............ 31 SECTION 5.11 Rights of the Collateral Trustee......................................... 27 SECTION 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral....... 28 SECTION 5.13 Assumption of Rights, Not Assumption of Duties........................... 28 SECTION 5.14 No Liability for Clean Up of Hazardous Materials......................... 28.................................... 31

Secured Debt Default. 27 33 SECTION 5.9 Actions by Collateral Trustee............................................ 27 ................................................. 33 SECTION 5.10 Security or Indemnity in favor of the Collateral Trustee................. 27 ...................... 33 SECTION 5.11 Rights of the Collateral Trustee......................................... 27 SECTION 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral....... 28 SECTION 5.13 Assumption of Rights, Not Assumption of Duties........................... 28 SECTION 5.14 No Liability for Clean Up of Hazardous Materials......................... 28.............................................. 33