Common use of SUBORDINATION OF NOTES Clause in Contracts

SUBORDINATION OF NOTES. 74 Section 13.1 Securities Subordinate to Senior Indebtedness.......................................... 74 Section 13.2 No Payments in Certain Circumstances; Payment Over of Proceeds Upon Dissolution, Etc........ 74 Section 13.3 Prior Payment to Senior Indebtedness Upon Acceleration of Notes................................. 77 Section 13.4 Payment Permitted if No Default....................... 77 Section 13.5 Subrogation to Rights to Holders of Senior Indebtedness.......................................... 78 Section 13.6 Provisions Solely to Define Relative Rights................................................ 78 Section 13.7 Trustee to Effectuate Subordination................... 79 Section 13.8 No Waiver of Subordination Provisions................. 79 Section 13.9 Notice to Trustee..................................... 80 Section 13.10 Reliance on Judicial Order or Certificate of Liquidating Agent..................................... 81 Section 13.11 Trustee Not Fiduciary for Holders of Senior Indebtedness.......................................... 81 Section 13.12 Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights........ 81 Section 13.13 Article Applicable to Paying Agents................... 81 Section 13.14 Certain Conversions Deemed Payment.................... 82

SUBORDINATION OF NOTES. 74 Section 13.1 Securities Subordinate 57 SECTION 8.1. Notes Subordinated to Senior Indebtedness.......................................... 74 Section 13.2 No Payments in Certain Circumstances; Indebtedness ............ 57 SECTION 8.2. Payment Over of Proceeds Upon Dissolution, EtcDissolution etc ........ 74 Section 13.3 Prior 57 SECTION 8.3. No Payment to When Senior Indebtedness Upon Acceleration of Notes................................. 77 Section 13.4 is in Default .... 59 SECTION 8.4. Payment Permitted if No Default....................... 77 Section 13.5 Default ...................... 60 SECTION 8.5. Subrogation to Rights to of Holders of Senior Indebtedness.......................................... 78 Section 13.6 Indebtedness ...................................... 60 SECTION 8.6. Provisions Solely to Define Relative Rights................................................ 78 Section 13.7 Trustee to Effectuate Subordination................... 79 Section 13.8 Rights .......... 61 SECTION 8.7. No Waiver of Subordination Provisions................. 79 Section 13.9 Provisions ................ 61 SECTION 8.8. Notice to Trustee..................................... 80 Section 13.10 Holders of Notes ........................... 61 SECTION 8.9. Reliance of Holders of Senior Indebtedness ........... 62 SECTION 8.10. Reliance on Judicial Order order or Certificate of Liquidating Agent..................................... 81 Section 13.11 Trustee Agent ................................. 62 SECTION 8.11. This Article Not Fiduciary for Holders to Prevent Events of Senior Indebtedness.......................................... 81 Section 13.12 Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's RightsDefault ........ 81 Section 13.13 Article Applicable to Paying Agents................... 81 Section 13.14 Certain Conversions Deemed Payment.................... 8262 SECTION 8.12. Reinstatement ........................................ 63 ARTICLE IX SUBSTITUTION;

SUBORDINATION OF NOTES. 74 Section 13.1 Securities 96 11.1. Notes Subordinate to Senior Indebtedness.......................................... 74 Section 13.2 No Payments in Certain Circumstances; Obligations......................................... 96 11.2. Payment Over of Proceeds Upon upon Dissolution, Etc........ 74 Section 13.3 Prior .................................. 96 11.3. No Payment to When Senior Indebtedness Upon Acceleration of Notes................................. 77 Section 13.4 Obligations in Default................................... 97 11.4. Payment Permitted if No Default....................... 77 Section 13.5 ................................................. 99 11.5. Limitation or Enforcement of Remedies, Etc...................................... 99 11.6. Subrogation to Rights to of Holders of Senior Indebtedness.......................................... 78 Section 13.6 Obligations.......................... 100 11.7. Provisions Solely to Define Relative Rights................................................ 78 Section 13.7 Trustee to Effectuate Subordination................... 79 Section 13.8 ..................................... 100 11.8. No Waiver of Subordination Provisions................. 79 Section 13.9 Notice to Trustee..................................... 80 Section 13.10 ........................................... 100 11.9. Reliance on Judicial Order or Certificate of Liquidating Agent..................................... 81 Section 13.11 Trustee Not Fiduciary for .................. 101 11.10. Restrictions on Amendment....................................................... 101 11.11. Reliance by Holders of Senior Indebtedness.......................................... 81 Obligations on Subordination Provisions.................................................................... 102 Section 13.12 Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights........ 81 Section 13.13 Article Applicable to Paying Agents................... 81 Section 13.14 Certain Conversions Deemed Payment.................... 8212. MISCELLANEOUS................................................................... 103

SUBORDINATION OF NOTES. 74 Section 13.1 Securities 11.01. Notes Subordinate to Senior Indebtedness.......................................... 74 ........................................................80 Section 13.2 No Payments in Certain Circumstances; 11.02. Payment Over of Proceeds Upon upon Dissolution, Etc........ 74 ..................................................80 Section 13.3 Prior 11.03. Suspension of Payment When Senior Indebtedness in Default.......................................82 Section 11.04. Trustee's Relation to Senior Indebtedness Upon Acceleration of Notes................................. 77 Indebtedness.......................................................83 Section 13.4 Payment Permitted if No Default....................... 77 Section 13.5 11.05. Subrogation to Rights to of Holders of Senior Indebtedness.......................................... 78 .........................................84 Section 13.6 11.06. Provisions Solely to Define Relative Rights................................................ 78 .....................................................84 Section 13.7 11.07. Trustee to Effectuate Subordination................... 79 .............................................................85 Section 13.8 11.08. No Waiver of Subordination Provisions................. 79 ...........................................................85 Section 13.9 11.09. Notice to Trustee..................................... 80 ...............................................................................86 Section 13.10 11.10. Reliance on Judicial Order or Certificate of Liquidating Agent..................................... 81 ..................................86 Section 13.11 Trustee Not Fiduciary for Holders of Senior Indebtedness.......................................... 81 Section 13.12 11.11. Rights of Trustee as a Holder of Senior Indebtedness; Preservation of Trustee's Rights........ 81 .............................................................87 Section 13.13 11.12. Article Applicable to Paying Agents................... 81 .............................................................87 Section 13.14 Certain Conversions Deemed Payment.................... 8211.13. No Suspension of Remedies.......................................................................87 Section 11.14. Authorization to Effect Subordination...........................................................87 Section 11.15. Amendments......................................................................................87 ARTICLE 12 MISCELLANEOUS

SUBORDINATION OF NOTES. 74 Section 13.1 Securities Subordinate 82 SECTION 10.01 Notes Subordinated to Senior Indebtedness.......................................... 74 Section 13.2 No Payments Debt...........................82 SECTION 10.02 Suspension of Payment When Senior Debt Is in Certain Circumstances; Default...............................................82 SECTION 10.03 Notes Subordinated to Prior Payment Over of Proceeds Upon All Senior Debt on Dissolution, Etc........ 74 Section 13.3 Prior Payment to Senior Indebtedness Upon Acceleration Liquidation or Reorganization of Notes................................. 77 Section 13.4 Payment Permitted if No Default....................... 77 Section 13.5 Subrogation Company.....................................................84 SECTION 10.04 Holders To Be Subrogated to Rights to of Holders of Senior Indebtedness.......................................... 78 Section 13.6 Provisions Solely to Define Relative Rights................................................ 78 Section 13.7 Debt...................................86 SECTION 10.05 Obligations of the Company Unconditional....................87 SECTION 10.06 Trustee to Effectuate Subordination................... 79 Section 13.8 Entitled To Assume Payments Not Prohibited in Absence of Notice.........................88 SECTION 10.07 Application by Trustee of Assets Deposited with It...........................................88 SECTION 10.08 No Waiver of Subordination Provisions................. 79 Section 13.9 Notice to Trustee..................................... 80 Section 13.10 Reliance on Judicial Order or Certificate .......................89 SECTION 10.09 Holders Authorize Trustee To Effectuate Subordination of Liquidating Agent..................................... 81 Section 13.11 Trustee Not Fiduciary for Holders of Senior Indebtedness.......................................... 81 Section 13.12 Notes...........................89 SECTION 10.10 Rights of Trustee as To Hold Senior Debt.......................90 SECTION 10.11 No Suspension of Remedies...................................90 SECTION 10.12 No Fiduciary Duty of Trustee to Holder of Senior Indebtedness; Preservation of Trustee's Rights........ 81 Section 13.13 Article Applicable to Paying Agents................... 81 Section 13.14 Certain Conversions Deemed Payment.................... 82Debt..............................................90 ARTICLE ELEVEN