Common use of Subordination of Debentures Clause in Contracts

Subordination of Debentures. 60 Section 12.1 Debentures Subordinate to Senior Debt........................................60 Section 12.2 Payment Over of Proceeds Upon Dissolution, Etc...............................60 Section 12.3 Prior Payment to Senior Debt upon Acceleration of Debentures................................................................61 Section 12.4 No Payment When Senior Debt in Default.......................................62 Section 12.5 Payment Permitted If No Default..............................................62 Section 12.6 Subrogation to Rights of Holders of Senior Debt..............................62 Section 12.7 Provisions Solely to Define Relative Rights..................................63 Section 12.8

Subordination of Debentures. 60 Section 12.1 63 SECTION 14.01 Debentures Subordinate Subordinated to Senior Debt........................................60 Section 12.2 .......................................63 SECTION 14.02 Payment Over of Proceeds Upon upon Dissolution, Etc...............................60 Section 12.3 64 SECTION 14.03 Prior Payment to Senior Debt upon Acceleration of Debentures................................................................61 Section 12.4 No Payment When .................65 SECTION 14.04 Default in Senior Debt in Default.......................................62 Section 12.5 Debt.......................................................66 SECTION 14.05 Limitations on Acceleration and Enforcement..................................66 SECTION 14.06 Payment Permitted If if No Default..............................................62 Section 12.6 67 SECTION 14.07 Subrogation to Rights of Holders of Senior Debt..............................62 Section 12.7 Provisions .................................67 SECTION 14.08 Provision Solely to Define Relative Rights..................................63 Section 12.8...................................67 SECTION 14.09

Subordination of Debentures. 60 Section SECTION 12.1 Debentures Subordinate to Senior Debt........................................60 Section 62 SECTION 12.2 Payment Over of Proceeds Upon Dissolution, Etc...............................60 Section 62 SECTION 12.3 Prior Payment to Senior Debt upon Acceleration of Debentures................................................................61 Section .................63 SECTION 12.4 No Payment When Senior Debt in Default.......................................62 Section 64 SECTION 12.5 Payment Permitted If No Default..............................................62 Section 64 SECTION 12.6 Subrogation to Rights of Holders of Senior Debt..............................62 Section 65 SECTION 12.7 Provisions Solely to Define Relative Rights..................................63 Section 65 SECTION 12.8

Subordination of Debentures. 60 Section 12.1 Debentures Subordinate to Senior Debt........................................60 ..................... 85 Section 12.2 Payment Over of Proceeds Upon Dissolution, Etc...............................60 ............ 85 Section 12.3 Prior Payment to Senior Debt upon Acceleration of Debentures................................................................61 Section 12.4 No Payment When Senior Debt in Default.......................................62 .................... 86 Section 12.5 12.4 Payment Permitted If No Default..............................................62 ........................... 87 Section 12.6 12.5 Subrogation to Rights of Holders of Senior Debt..............................62 ........... 87 Section 12.7 12.6 Provisions Solely to Define Relative Rights..................................63 ............... 88 Section 12.812.7

Subordination of Debentures. 60 61 Section 12.1 Debentures Subordinate to Senior Debt........................................60 61 Section 12.2 Payment Over of Proceeds Upon Dissolution, Etc...............................60 62 Section 12.3 Prior Payment to Senior Debt upon Acceleration of Debentures................................................................61 62 Section 12.4 No Payment When Senior Debt in Default.......................................62 63 Section 12.5 Payment Permitted If No Default..............................................62 64 Section 12.6 Subrogation to Rights of Holders of Senior Debt..............................62 64 Section 12.7 Provisions Solely to Define Relative Rights..................................63 64 Section 12.8

Subordination of Debentures. 60 47 Section 12.1 13.1. Debentures Subordinate to Senior Debt........................................60 Indebtedness................................47 Section 12.2 13.2. Payment Over of Proceeds Upon upon Dissolution, Etc...............................60 47 Section 12.3 13.3. Prior Payment to Senior Debt Indebtedness upon Acceleration of Debentures................................................................61 ...................................................................48 Section 12.4 13.4. No Payment When Senior Debt Indebtedness in Default.......................................62 ...............................48 Section 12.5 13.5. Payment Permitted If No Default..............................................62 in Certain Situations......................................48 Section 12.6 13.6. Subrogation to Rights of Holders of Senior Debt..............................62 Indebtedness......................48 Section 12.7 13.7. Provisions Solely to Define Relative Rights..................................63 49 Section 12.813.8.

Subordination of Debentures. 60 61 Section 12.1 Debentures Subordinate to Senior Debt........................................60 61 Section 12.2 Payment Over of Proceeds Upon Dissolution, Etc...............................60 61 Section 12.3 Prior Payment to Senior Debt upon Acceleration of Debentures................................................................61 62 Section 12.4 No Payment When Senior Debt in Default.......................................62 63 Section 12.5 Payment Permitted If No Default..............................................62 64 Section 12.6 Subrogation to Rights of Holders of Senior Debt..............................62 64 Section 12.7 Provisions Solely to Define Relative Rights..................................63 64 Section 12.8

Subordination of Debentures. 60 Section 12.1 SECTION 12.1. Debentures Subordinate to Senior Debt........................................60 Section 12.2 Indebtedness............................. 51 SECTION 12.2. No Payment Over in Certain Circumstances, Payment over of Proceeds Upon upon Dissolution, Etc...............................60 Section 12.3 ....................................................... 51 SECTION 12.3. Prior Payment to Senior Debt Indebtedness upon Acceleration of the Debentures................................................................61 Section 12.4 No Payment When Senior Debt in Default.......................................62 Section 12.5 .. 53 SECTION 12.4. Payment Permitted If No Default..............................................62 Section 12.6 ........................................... 54 SECTION 12.5. Subrogation to Rights of Holders of Senior Debt..............................62 Section 12.7 Indebtedness................... 54 SECTION 12.6. Provisions Solely to Define Relative Rights..................................63 Section 12.8............................... 54