Common use of Subordination of Guarantees Clause in Contracts

Subordination of Guarantees. Agreement To Subordinate 116 SECTION 11.2 Liquidation, Dissolution or Bankruptcy 117 SECTION 11.3 Default on Designated Senior Indebtedness of a Guarantor 117 SECTION 11.4 Demand for Payment 118 SECTION 11.5 When Distribution Must Be Paid Over 119 SECTION 11.6 Subrogation 119 SECTION 11.7 Relative Rights 119 SECTION 11.8 Subordination May Not Be Impaired by a Guarantor 120 SECTION 11.9 Rights of Trustee and Paying Agent 120 SECTION 11.10 Distribution or Notice to Representative 120 SECTION 11.11 Not To Prevent Events of Default or Limit Right To Demand Payment 120 SECTION 11.12 Trust Moneys Not Subordinated 120 SECTION 11.13 Trustee Entitled To Rely 121 SECTION 11.14 Trustee To Effectuate Subordination 121 SECTION 11.15 Trustee Not Fiduciary for Holders of Designated Senior Indebtedness of Guarantors 121

Subordination of Guarantees. Section 12.01 Agreement To Subordinate 116 SECTION 11.2 117 Section 12.02 Liquidation, Dissolution or Dissolution, Bankruptcy 117 SECTION 11.3 Section 12.03 Default on Designated Senior Indebtedness of a Guarantor 117 SECTION 11.4 118 Section 12.04 Demand for Payment 118 SECTION 11.5 119 Section 12.05 When Distribution Must Be Paid Over 119 SECTION 11.6 Section 12.06 Subrogation 119 SECTION 11.7 120 Section 12.07 Relative Rights 119 SECTION 11.8 120 Section 12.08 Subordination May Not Be Impaired by a Guarantor 120 SECTION 11.9 Section 12.09 Rights of Trustee and Paying Agent 120 SECTION 11.10 Section 12.10 Distribution or Notice to Representative 120 SECTION 11.11 121 Section 12.11 Article 12 Not To Prevent Events of Default or Limit Right To Demand Payment 120 SECTION 11.12 121 Section 12.12 Trust Moneys Not Subordinated 120 SECTION 11.13 121 Section 12.13 Trustee Entitled To Rely 121 SECTION 11.14 Section 12.14 Trustee To Effectuate Subordination 121 SECTION 11.15 122 Section 12.15 Trustee Not Fiduciary for Holders of Designated Senior Indebtedness of Guarantors 121122

Subordination of Guarantees. Agreement To Subordinate 116 SECTION 11.2 110 Section 11.02 Liquidation, Dissolution or Dissolution, Bankruptcy 117 SECTION 11.3 111 Section 11.03 Default on Designated Senior Indebtedness of a Guarantor 117 SECTION 11.4 111 Section 11.04 Demand for Payment 118 SECTION 11.5 113 Section 11.05 When Distribution Must Be Paid Over 119 SECTION 11.6 113 Section 11.06 Subrogation 119 SECTION 11.7 113 Section 11.07 Relative Rights 119 SECTION 11.8 113 Section 11.08 Subordination May Not Be Impaired by a Guarantor 120 SECTION 11.9 114 Section 11.09 Rights of Trustee and Paying Agent 120 SECTION 114 Section 11.10 Distribution or Notice to Representative 120 SECTION 114 Section 11.11 Article 11 Not To Prevent Events of Default or Limit Right To Demand Payment 120 SECTION 114 Section 11.12 Trust Moneys Not Subordinated 120 SECTION 114 Section 11.13 Trustee Entitled To Rely 121 SECTION 115 Section 11.14 Trustee To Effectuate Subordination 121 SECTION 115 Section 11.15 Trustee Not Fiduciary for Holders of Designated Senior Indebtedness of Guarantors 121116 Section 11.16 Reliance by Holders of Designated Senior Indebtedness of a Guarantor on Subordination Provisions 116 Section 12.01 Satisfaction and Discharge 116 Section 12.02 Application of Trust Money 117

Subordination of Guarantees. Section 11.01 Agreement To Subordinate 116 SECTION 11.2 110 Section 11.02 Liquidation, Dissolution or Dissolution, Bankruptcy 117 SECTION 11.3 111 Section 11.03 Default on Designated Senior Indebtedness of a Guarantor 117 SECTION 11.4 111 Section 11.04 Demand for Payment 118 SECTION 11.5 113 Section 11.05 When Distribution Must Be Paid Over 119 SECTION 11.6 113 Section 11.06 Subrogation 119 SECTION 11.7 113 Section 11.07 Relative Rights 119 SECTION 11.8 113 Section 11.08 Subordination May Not Be Impaired by a Guarantor 120 SECTION 11.9 114 Section 11.09 Rights of Trustee and Paying Agent 120 SECTION 114 Section 11.10 Distribution or Notice to Representative 120 SECTION 114 Section 11.11 Article 11 Not To Prevent Events of Default or Limit Right To Demand Payment 120 SECTION 114 Section 11.12 Trust Moneys Not Subordinated 120 SECTION 114 Section 11.13 Trustee Entitled To Rely 121 SECTION 115 Section 11.14 Trustee To Effectuate Subordination 121 SECTION 115 Section 11.15 Trustee Not Fiduciary for Holders of Designated Senior Indebtedness of Guarantors 121116 Section 11.16 Reliance by Holders of Designated Senior Indebtedness of a Guarantor on Subordination Provisions 116