Common use of SUBORDINATION OF SECURITIES Clause in Contracts

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.

SUBORDINATION OF SECURITIES. 85 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness.............................. 85 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ..................... 86 SECTION 13.3. Payment Permitted If No if no Default............................. 66 ........... 88 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness....................... 88 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 .................................... 89 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. 46 Section 1301 Securities Subordinate to Senior DebtIndebtedness....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; 46 Section 1302 Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. etc...................... 46 Section 1303 No Payment When Senior Indebtedness in Default...................... 47 Section 1304 Payment Permitted If if No Default............................. 66 SECTION 13.4. ..................................... 48 Section 1305 Subrogation to Rights of Holders of Senior DebtIndebtedness............. 66 SECTION 13.5. 48 Section 1306 Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.......................... 48

SUBORDINATION OF SECURITIES. 66 SECTION 13.11601. Securities Subordinate to Senior Debt....................... 64 Indebtedness......66 SECTION 13.21602. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. Payment Permitted If No Default............................. of Securities.............66 SECTION 13.41603. Subrogation to Rights of Disputes with Holders of Certain Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. Indebtedness.....................................67 SECTION 13.61604. Subrogation........................................68 SECTION 1605. Obligation of the Company Unconditional............68 SECTION 1606.

SUBORDINATION OF SECURITIES. SECTION 13.1Section 12.01. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2Indebtedness.................5 Section 12.02. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon upon Dissolution, Etc.................... 64 SECTION 13.3etc................5 Section 12.03. Suspension of Payment Permitted If No When Senior Indebtedness in Default............................. 66 SECTION 13.4.....5 Section 12.04. Trustee's Relation to Senior Indebtedness.....................5 Section 12.05. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5Indebtedness.......5 Section 12.06. Provisions Solely to To Define Relative Rights................. 67 SECTION 13.6...................5 Section 12.07.

SUBORDINATION OF SECURITIES. SECTION 13.181 Section 15.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2........ 81 Section 15.2. Payment Over of Proceeds Upon Dissolution, Etc............................ 81 Section 15.3. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3....... 82 Section 15.4. Payment Permitted If No Default............................. 66 SECTION 13.4Certain Payments Permitted................... 83 Section 15.5. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5.............................. 83 Section 15.6. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.............................. 83 Section 15.7. Trustee to Effectuate Subordination.......... 84 Section 15.8. No Waiver of Subordination Provisions........ 84

SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness............................................... 57 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ...................................... 57 SECTION 13.3. 13.3 Payment Permitted If No Default............................. 66 ............................ 59 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 ..................................................... 59 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. 87 Section 15.1 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; Indebtedness............................................ 87 Section 15.2 Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. ........................................ 88 Section 15.3 Prior Payment to Senior Indebtedness Upon Acceleration of Securities.............................. 89 Section 15.4 No Payment When Senior Indebtedness in Default................................................. 89 Section 15.5 Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.......................... 90

SUBORDINATION OF SECURITIES. 66 SECTION 13.1. Securities 1601.Securities Subordinate to Senior Debt....................... 64 Indebtedness ..........66 SECTION 13.2. No Payment When Senior Debt in Default; Payment 1602.Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. Payment Permitted If No Default............................. of Securities .................66 SECTION 13.4. Subrogation to Rights of 1603.Disputes with Holders of Certain Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. Indebtedness ...67 SECTION 13.6.1604.Subrogation ............................................68 SECTION 1605.Obligation of the Company Unconditional ................68 SECTION 1606.Priority of Senior Indebtedness Upon Maturity ..........68 SECTION 1607.Trustee as Holder of Senior Indebtedness ...............69

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness..................68 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 .........................69 SECTION 13.3. Payment Permitted If No Default............................. 66 ................................70 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness........70 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 ....................71 SECTION 13.6.

SUBORDINATION OF SECURITIES. 69 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness. ............................. 69 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ...................................... 69 SECTION 13.3. Payment Permitted If No Default............................. 66 ............................................. 71 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness..................... 71 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 . ............................... 72 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. 45 Section 1301 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; Indebtedness................................45 Section 1302 Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. etc...............................45 Section 1303 No Payment When Senior Indebtedness in Default...............................46 Section 1304 Payment Permitted If if No Default............................. 66 SECTION 13.4. ..............................................47 Section 1305 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Indebtedness......................47 Section 1306 Provisions Solely to Define Relative Rights................. 67 SECTION 13.6...................................47

SUBORDINATION OF SECURITIES. SECTION 13.1Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2................. 59 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3............ 59 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4....................... 61 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5....... 61 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6............ 61

SUBORDINATION OF SECURITIES. SECTION 13.183 Section 17.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2Indebtedness................................83 Section 17.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3...............................84 Section 17.3. No Payment when Senior Indebtedness in Default...............................85 Section 17.4. Reliance by Senior Indebtedness on Subordination Provisions..................86 Section 17.5. Payment Permitted If No Default............................. 66 SECTION 13.4..............................................86 Section 17.6. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5Indebtedness......................86 Section 17.7. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6..................................87 Section 17.8.

SUBORDINATION OF SECURITIES. SECTION 13.1. 71 Section 16.01 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; Indebtedness........ 71 Section 16.02 Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. ....... 72 Section 16.03 Prior Payment to Senior Indebtedness Upon Acceleration of Securities........................... 73 Section 16.04 No Payment When Senior Indebtedness in Default....... 73 Section 16.05 Payment Permitted If No Default............................. 66 SECTION 13.4. ...................... 74 Section 16.06 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Indebtedness......................................... 74 Section 16.07 Provisions Solely to Define Relative Rights................. 67 SECTION 13.6........... 74

SUBORDINATION OF SECURITIES. 67 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 ........................................67 SECTION 13.2. Payment Over of Proceeds Upon Dissolution, Etc...............................67 SECTION 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities.................68 SECTION 13.4. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 .......................................69 SECTION 13.313.5. Payment Permitted If No Default............................. 66 ..............................................69 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6...............................70

SUBORDINATION OF SECURITIES. 66 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness..................................... 66 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6................................................................... 66

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 ............................ 67 SECTION 13.2. Payment Over of Proceeds Upon Dissolution, Etc................... 67 SECTION 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities..... 68 SECTION 13.4. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ........................... 69 SECTION 13.313.5. Payment Permitted If No Default............................. 66 .................................. 70 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Debt............. 66 .................. 70 SECTION 13.513.7. Provisions Solely to Define Relative Rights................. 67 ...................... 70 SECTION 13.613.8.

SUBORDINATION OF SECURITIES. SECTION 13.1. Section 12.1 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. Indebtedness..............79 Section 12.2 Payment Over of Proceeds upon Dissolution, Etc.............79 Section 12.3 No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. .............80 Section 12.4 Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.............................82 Section 12.5

SUBORDINATION OF SECURITIES. SECTION 13.1Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2Debt ...................... 59 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3Etc ............................. 59 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4Default ............................ 61 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5Debt ............ 61 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Rights ................ 61

SUBORDINATION OF SECURITIES. SECTION 13.1Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2.......................... 60 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3................................. 60 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4................................ 62 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5................ 62 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6..................... 62

SUBORDINATION OF SECURITIES. SECTION 13.112.01. Securities Subordinate to Senior Debt....................... Indebtedness.......................64 SECTION 13.212.02. Payment over of Proceeds upon Dissolution, Etc......................64 SECTION 12.03. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ......................65 SECTION 13.312.04. Payment Permitted If No Default............................. 66 .....................................65 SECTION 13.412.05. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness.............65 SECTION 13.512.06. Provisions Solely to To Define Relative Rights................. 67 .........................66 SECTION 13.612.07.

SUBORDINATION OF SECURITIES. SECTION 13.113.01. Securities Subordinate to Senior Debt....................... Indebtedness.................64 SECTION 13.213.02. No Payment When Senior Debt in Default; Payment Over over of Proceeds Upon Dissolution, Etc.................... . of the Issuer........................................................64 SECTION 13.313.03. No Payment When Senior Indebtedness in Default in Payment.......................................................65 SECTION 13.04. Payment Permitted If No Default............................. 66 ...............................65 SECTION 13.413.05. Subrogation to Rights of Holders of Senior Debt............. Indebtedness.......66 SECTION 13.513.06. Provisions Solely to Define Relative Rights................. 67 ...................66 SECTION 13.613.07.

SUBORDINATION OF SECURITIES. SECTION 13.158 Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2....................................58 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. 58 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4..........................................59 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5..........................60 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6...............................60

SUBORDINATION OF SECURITIES. SECTION 13.1Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2........................................... 71 Section 12.2. Payment Over of Proceeds Upon Dissolution, Etc.................................. 71 Section 12.3. Prior Payment to Senior Debt Upon Acceleration of Securities.................... 72 Section 12.4. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3.......................................... 73 Section 12.5. Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5................................................. 73 Section 12.7. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6..................................... 74 Section 12.8.

SUBORDINATION OF SECURITIES. 67 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness.........................................67 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ......................................................................68 SECTION 13.3. Payment Permitted If No Default............................. 66 .......................................................70 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness; Etc..........................70 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6............................................70

SUBORDINATION OF SECURITIES. SECTION 13.114.01. Securities Subordinate to Senior Debt....................... 64 ...........................76 SECTION 13.214.02. Payment Over of Proceeds Upon Dissolution, Etc..................77 SECTION 14.03. Prior Payment to Senior Debt Upon Acceleration of Securities....78 SECTION 14.04. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ..........................79 SECTION 13.314.05. Payment Permitted If No Default............................. 66 .................................79 SECTION 13.414.06. Subrogation to Rights of Holders of Senior Debt............. 66 .................80 SECTION 13.514.07. Provisions Solely to Define Relative Rights................. 67 .....................80 SECTION 13.614.08.

SUBORDINATION OF SECURITIES. SECTION 13.1. 82 Section 15.01 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. Indebtedness............................................... 83 Section 15.02 Payment over of Proceeds upon Dissolution, Etc.............................................. 83 Section 15.03 No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. .............................................. 84 Section 15.04 Payment Permitted If if No Default............................. 66 SECTION 13.4. ............................................................. 84 Section 15.05 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Indebtedness..................................... 85 Section 15.06 Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.................................................. 85

SUBORDINATION OF SECURITIES. SECTION 13.112.01. Securities Subordinate to Senior DebtIndebtedness....................... 64 61 SECTION 13.212.02. Payment over of Proceeds upon Dissolution, Etc...................... 61 SECTION 12.03. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ...................... 62 SECTION 13.312.04. Payment Permitted If No Default............................. 66 ..................................... 62 SECTION 13.412.05. Subrogation to Rights of Holders of Senior DebtIndebtedness............. 66 63 SECTION 13.512.06. Provisions Solely to Define Relative Rights................. 67 Rights ........................ 63 SECTION 13.612.07.

SUBORDINATION OF SECURITIES. 92 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 ... 92 SECTION 13.2. Payment Over of Proceeds Upon Dissolution, Etc....................................... 92 SECTION 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities............................. 93 SECTION 13.4. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ................................................ 94 SECTION 13.313.5. Payment Permitted If No Default............................. 66 ......... 95 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Debt............. 66 ............................................ 95 SECTION 13.513.7. Provisions Solely to Define Relative Rights................. 67 ................................................. 95 SECTION 13.613.8.

SUBORDINATION OF SECURITIES. SECTION 13.158 Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2............................................58 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3...................................58 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4..................................................59 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5..................................60 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.......................................60

SUBORDINATION OF SECURITIES. SECTION 13.112.01. Securities Subordinate to Senior Debt....................... 64 Indebtedness..................................132 SECTION 13.212.02. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 etc......................................133 SECTION 13.312.03. Suspension of Payment When Senior Indebtedness in Default......................135 SECTION 12.04. Payment Permitted If if No Default............................. 66 ................................................136 SECTION 13.412.05. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness........................137 SECTION 13.512.06. Provisions Solely to Define Relative Rights................. 67 ....................................137 SECTION 13.612.07.

SUBORDINATION OF SECURITIES. SECTION 87 Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness........ 87 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION ....... 87 Section 13.3. Payment Permitted If No Default............................. 66 SECTION ...................... 89 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness......................................... 89 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION ............................................... 89 Section 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.160 Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2......................... 60 Section 12.2. No Payment When Senior Debt in Default; Payment Over of 60 Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3................................ Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4............................... 62 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5............... 63 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.................... 63

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness............. 67 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ............ 67 SECTION 13.3. Payment Permitted If No Default............................. 66 ........................... 69 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness.............................................. 69 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 ............... 70 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.114.01. Securities Subordinate to Senior Debt....................... 64 Indebtedness............................................49 SECTION 13.214.02. No Payment When on Securities if Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ...............................50 SECTION 13.3. Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.614.03.

SUBORDINATION OF SECURITIES. SECTION 13.160 Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2................ 60 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3............ 61 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4...................... 62 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5...... 62 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.......... 63 Section 12.6.

SUBORDINATION OF SECURITIES. SECTION Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness. .....................................76 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION .........................................76 Section 13.3. Payment Permitted If No Default............................. 66 SECTION .....................................................77 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Indebtedness.............................78

SUBORDINATION OF SECURITIES. SECTION 13.1. 13.1 Securities Subordinate to Senior Debt....................... 64 Indebtedness SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 . SECTION 13.3. Payment Permitted If No Default............................. 66 ................................................ SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 Rights SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness................ 66 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 66 Section 13.3. Payment Permitted If No Default............................. 66 SECTION .............................. 68 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness...... 68 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION .................. 68 Section 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. Section 13.1 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2Indebtedness. .................................... 74 Section 13.2 No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. .............................................. 74 Section 13.3 Payment Permitted If No Default............................. 66 SECTION 13.4. .................................................... 76 Section 13.4 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Indebtedness............................ 76 Section 13.5 Provisions Solely to Define Relative Rights................. 67 SECTION . ...................................... 77 Section 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.160 Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2.....................60 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3.........................60 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4...........................62 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5...........62 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6................62

SUBORDINATION OF SECURITIES. SECTION 13.1. 86 Section 12.01 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; Indebtedness .................................................. 86 Section 12.02 Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. etc ................................................. 86 Section 12.03 Suspension of Payment When Senior Indebtedness in Default ...................................... 87 Section 12.04 Payment Permitted If if No Default............................. 66 SECTION 13.4. Default ................................................................ 88 Section 12.05 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Indebtedness ........................................ 88 Section 12.06 Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Rights .................................................... 88 Section 12.07

SUBORDINATION OF SECURITIES. SECTION 13.112.1. Securities Subordinate to Senior Debt....................... 64 ................................................55 SECTION 13.212.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 .....................................................................55 SECTION 13.312.3. Payment Permitted If No Default............................. 66 ......................................................57 SECTION 13.412.4. Subrogation to Rights of Holders of Senior Debt............. 66 ......................................57 SECTION 13.512.5. Provisions Solely to Define Relative Rights................. 67 ..........................................57 SECTION 13.612.6.

SUBORDINATION OF SECURITIES. SECTION Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness............... 66 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION .............. 66 Section 13.3. Payment Permitted If No Default............................. 66 SECTION 68 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness..... 68 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 68 Section 13.6.

SUBORDINATION OF SECURITIES. 66 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness......................................... 66 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6....................................................................... 66

SUBORDINATION OF SECURITIES. SECTION 13.1. 117 Section 14.1 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; Indebtedness.................117 Section 14.2 Payment Over of Proceeds Upon upon Dissolution, Etc.................... 64 SECTION 13.3. etc................117 Section 14.3 Suspension of Payment Permitted If No When Senior Indebtedness in Default............................. 66 SECTION 13.4. .....118 Section 14.4 Trustee's Relation to Senior Indebtedness.....................120 Section 14.5 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Indebtedness.......120 Section 14.6 Provisions Solely to To Define Relative Rights................. 67 SECTION 13.6....................120 Section 14.7

SUBORDINATION OF SECURITIES. SECTION 13.112.01. Securities Subordinate to Senior Debt....................... 64 Indebtedness.............................. 61 SECTION 13.212.02. Payment over of Proceeds upon Dissolution, Etc............................. 61 SECTION 12.03. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ............................. 62 SECTION 13.312.04. Payment Permitted If No Default............................. 66 ............................................ 63 SECTION 13.412.05. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness.................... 63 SECTION 13.512.06. Provisions Solely to Define Relative Rights................. 67 ................................ 63 SECTION 13.612.07.

SUBORDINATION OF SECURITIES. SECTION 13.160 Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2................ 60 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. ............... 61 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4...................... 62 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5...... 62 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6........... 63

SUBORDINATION OF SECURITIES. SECTION 13.1. 13.1 Securities Subordinate to Senior Debt....................... 64 Indebtedness......................................106 SECTION 13.2. No Payment When Senior Debt in Default; 13.2 Payment Over of Proceeds Upon upon Dissolution, Etc.................... 64 etc.....................................107 SECTION 13.3. 13.3 Suspension of Payment Permitted If No When Senior Indebtedness in Default............................. 66 ..........................108 SECTION 13.4. 13.4 Trustee's Relation to Senior Indebtedness..........................................110 SECTION 13.5 Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness............................110 SECTION 13.5. 13.6 Provisions Solely to To Define Relative Rights................. 67 ........................................111 SECTION 13.6.13.7

SUBORDINATION OF SECURITIES. SECTION 13.1Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2.....................................................62 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3.......................................................................................62 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4...........................................................64 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5...........................................64 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6................................................64

SUBORDINATION OF SECURITIES. 58 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness.......... 58 SECTION 13.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Indebtedness

SUBORDINATION OF SECURITIES. SECTION 13.158 Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2..................58 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3......................58 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4........................59 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5........60 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.............60

SUBORDINATION OF SECURITIES. 64 SECTION 13.1. Securities Subordinate to Senior Debt....................... Indebtedness...................... 64 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... .......................................... 64 SECTION 13.3. Payment Permitted If No Default............................. .................................... 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. Indebtedness............ 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. ........................ 67 SECTION 13.6.

SUBORDINATION OF SECURITIES. 69 SECTION 13.114.1. Securities Debentures Subordinate to Senior Debt....................... 64 Indebtedness.....................................69 SECTION 13.214.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 etc....................................69 SECTION 13.314.3. Prior Payment to Senior Indebtedness Upon Acceleration of Debentures..............70 SECTION 14.4. No Payment when Senior Indebtedness in Default....................................71 SECTION 14.5. Payment Permitted If No if no Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6....................................................71

SUBORDINATION OF SECURITIES. 101 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness........................................101 SECTION 13.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 .......................................101 SECTION 13.3. No Payment When Senior Indebtedness in Default.......................................102 SECTION 13.4. Payment Permitted If No Default............................. 66 ......................................................103 SECTION 13.413.5. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness..............................103 SECTION 13.513.6. Provisions Solely to Define Relative Rights................. 67 ..........................................103 SECTION 13.613.7.

SUBORDINATION OF SECURITIES. 65 SECTION 13.1. 14.01 Securities Subordinate to Senior Debt....................... 64 .......................................................65 SECTION 13.2. 14.02 Payment over of Proceeds Upon Dissolution, Etc..............................................66 SECTION 14.03 No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ......................................................66 SECTION 13.3. 14.04 Payment Permitted If No Default............................. 66 in Certain Situations.....................................................67 SECTION 13.4. 14.05 Subrogation to Rights of Holders of Senior Debt............. 66 .............................................67 SECTION 13.5. 14.06 Provisions Solely to Define Relative Rights................. 67 .................................................68 SECTION 13.6.14.07

SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness...................................... 57 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.57

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness...........56 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 .....................................................56 SECTION 13.3. Payment Permitted If No Default............................. 66 .........................57 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness.58 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 .............58 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness........................................................... 71 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ............................................................................. 71 SECTION 13.3. Payment Permitted If No Default............................. 66 ......................................................................... 73 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness................................................. 74 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 ............................................................. 74 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.112.1. Securities Subordinate to Senior Debt....................... 64 ................................................60 SECTION 13.212.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 . ...................................................................60 SECTION 13.312.3. Payment Permitted If No Default............................. 66 ......................................................62 SECTION 13.412.4. Subrogation to Rights of Holders of Senior Debt............. 66 ......................................62 SECTION 13.512.5. Provisions Solely to Define Relative Rights................. 67 ..........................................62 SECTION 13.612.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 ................67 SECTION 13.2. Payment Over of Proceeds Upon Dissolution, Etc.......67 SECTION 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities......................68 SECTION 13.4. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ...............69 SECTION 13.313.5. Payment Permitted If No Default............................. 66 ......................69 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Debt............. 66 ......70 SECTION 13.513.7. Provisions Solely to Define Relative Rights................. 67 ..........70 SECTION 13.613.8.

SUBORDINATION OF SECURITIES. 73 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness.........................................73 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ......................................................................73 SECTION 13.3. Payment Permitted If No Default............................. 66 .......................................................75 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Indebtedness; Etc..........................75

SUBORDINATION OF SECURITIES. SECTION Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness.................84 Section 13.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION etc................84 Section 13.3. Suspension of Payment When Designated Senior Indebtedness in Default....................................................86 Section 13.4. Payment Permitted If if No Default............................. 66 SECTION 13.4...............................87 Section 13.5. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5Indebtedness.......87 Section 13.6. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6...................87 Section 13.7.

SUBORDINATION OF SECURITIES. SECTION 58 Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness................................................58 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION ..........................................................................58 Section 13.3. Payment Permitted If if No Default............................. 66 SECTION ..............................................................59 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness......................................59 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION ..................................................60 Section 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. 105 Section 14.1 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Indebtedness................................... 105 Section 14.2 Payment over of Proceeds upon Dissolution, etc.................................. 105 Section 14.3 Suspension of Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. ....................... 106 Section 14.4 Payment Permitted If No Default............................. 66 SECTION 13.4. ................................................. 107 Section 14.5 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Indebtedness......................... 107 Section 14.6 Provisions Solely to Define Relative Rights................. 67 SECTION 13.6...................................... 108 Section 14.7

SUBORDINATION OF SECURITIES. 54 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness........................... 54 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 .............................. 55 SECTION 13.3. 13.3 Payment Permitted If No Default............................. 66 ......................................... 56 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness................. 56 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 ............................. 56 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2...................61 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3..........................61 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4.........................62 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5.........63 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6..............63

SUBORDINATION OF SECURITIES. 91 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness..................................... 91 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ............................ 92 SECTION 13.3. Payment Permitted If No Default............................. 66 .................. 94 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness.............................. 94 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 ........................................... 95 SECTION 13.6.

SUBORDINATION OF SECURITIES. 77 SECTION 13.1. 13.1 Securities Subordinate to Senior Debt....................... 64 ...................................................77 SECTION 13.2. 13.2 No Payment When Senior Debt in Default; Certain Circumstances, Payment Over over of Proceeds Upon upon Dissolution, Etc.................... 64 .....77 SECTION 13.3. 13.3 Prior Payment to Senior Debt upon Acceleration of Securities............................79 SECTION 13.4 Payment Permitted If No Default............................. 66 .........................................................79 SECTION 13.4. 13.5 Subrogation to Rights of Holders of Senior Debt............. 66 .........................................79 SECTION 13.5. 13.6 Provisions Solely to Define Relative Rights................. 67 .............................................80 SECTION 13.6.13.7

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness................ 79 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ............................ 79 SECTION 13.3. Payment Permitted If No Default............................. 66 .............................. 81 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness...... 81 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 .................. 82 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. 13.1 Securities Subordinate to Senior Debt....................... 64 ....................................................... 102 SECTION 13.2. 13.2 No Payment When Senior Debt in Default; Certain Circumstances, Payment Over of Proceeds Upon upon Dissolution, Etc.................... 64 ......... 102 SECTION 13.3. 13.3 Prior Payment to Senior Debt upon Acceleration of Securities................................ 105 SECTION 13.4 Payment Permitted If if No Default............................. 66 ............................................................. 105 SECTION 13.4. 13.5 Subrogation to Rights of Holders of Senior Debt............. 66 ............................................. 105 SECTION 13.5. 13.6 Provisions Solely to Define Relative Rights................. 67 ................................................. 106 SECTION 13.6.13.7

SUBORDINATION OF SECURITIES. 64 SECTION 13.1. 12.01 Securities Subordinate Subordinated to Senior Debt....................... Indebtedness........... 64 SECTION 13.2. No Payment When Senior Debt in Default; 12.02 Payment Over of Proceeds Upon Dissolution, Etc.................... ........... 64 SECTION 13.3. 12.03 Acceleration of Securities............................... 65 SECTION 12.04 No Payment Permitted If No When Senior Indebtedness in Default............................. ........... 66 SECTION 13.4. 12.05 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. Indebtedness.. 67 SECTION 13.6.12.06 Obligations of the Company Unconditional................. 68 SECTION 12.07

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness................ 56 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ............................ 56 SECTION 13.3. Payment Permitted If No Default............................. 66 .............................. 57 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness...... 58 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 .................. 58 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1Section 1301. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2Indebtedness.............. 109 Section 1302. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3etc............. 110 Section 1303. Suspension of Payment When Designated Senior Indebtedness in Default................................. 111 Section 1304. Payment Permitted If if No Default............................. 66 SECTION 13.4............................ 113 Section 1305. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Indebtedness....

SUBORDINATION OF SECURITIES. SECTION 13.174 Section 16.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2Indebtedness........................74 Section 16.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3.......................75 Section 16.3. No Payment When Senior Indebtedness in Default.......................76 Section 16.4. Reliance by Senior Indebtedness on Subordination Provisions..........77 Section 16.5. Payment Permitted If No Default............................. 66 SECTION 13.4......................................77 Section 16.6. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5Indebtedness..............77 Section 16.7. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6..........................78 Section 16.8.

SUBORDINATION OF SECURITIES. 58 SECTION 13.112.01. Securities Subordinate Subordinated to Senior Debt....................... 64 Indebtedness ...... 58 SECTION 13.212.02. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 etc ...... 59 SECTION 13.312.03. Prior Payment to Senior Indebtedness On Acceleration of Securities .......................... 60 SECTION 12.04. No Payment When Senior Indebtedness in Default ...... 61 SECTION 12.05. Payment Permitted If No Default............................. 66 Default ..................... 62 SECTION 13.412.06. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness ........................................ 63 SECTION 13.512.07. Provisions Solely to To Define Relative Rights................. 67 Rights ......... 63 SECTION 13.612.08.

SUBORDINATION OF SECURITIES. SECTION Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness........................... 67 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. ................................................... 68 Section 13.3 Payment Permitted If No Default............................. 66 SECTION ......................................... 69 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness..................................................... 69 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION ............................. 70 Section 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. Section 13.1 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; Indebtedness..............105 Section 13.2 Payment Over of Proceeds Upon upon Dissolution, Etc.................... 64 SECTION 13.3. etc.............105 Section 13.3 Suspension of Payment Permitted If No When Senior Indebtedness in Default............................. 66 SECTION 13.4. Subrogation ..107 Section 13.4 Trustee's Relation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness..................108 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.

SUBORDINATION OF SECURITIES. 91 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness........................................ 91 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ............................... 91 SECTION 13.3. Payment Permitted If No Default............................. 66 ..................... 94 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness................................. 94 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 .............................................. 95 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness....... 76 SECTION 13.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ...... 77 SECTION 13.3. Prior Payment to Senior Indebtedness Upon Acceleration of Securities...........................78 SECTION 13.4. No Payment When Senior Indebtedness in Default.......79 SECTION 13.5. Payment Permitted If No Default............................. 66 ..................... 79 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness........................................ 80 SECTION 13.513.7. Provisions Solely to Define Relative Rights................. 67 ......... 80 SECTION 13.613.8.

SUBORDINATION OF SECURITIES. SECTION Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness.................. 66 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION ............................ 67 Section 13.3. Payment Permitted If No Default............................. 66 SECTION ................................ 68 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness........ 68 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION .................... 69 Section 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. 13.1 Securities Subordinate to Senior Debt....................... 64 Indebtedness................... 66 SECTION 13.2. 13.2 No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 .................................. 66 SECTION 13.3. 13.3 Payment Permitted If No Default............................. 66 ................................. 68 SECTION 13.4. 13.4 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Indebtedness......... 68

SUBORDINATION OF SECURITIES. SECTION 13.112.1. Securities Subordinate to Senior Debt....................... 64 ...................................................61 SECTION 13.212.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ........................................................................61 SECTION 13.312.3. Payment Permitted If No Default............................. 66 .........................................................63 SECTION 13.412.4. Subrogation to Rights of Holders of Senior Debt............. 66 .........................................63 SECTION 13.512.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6..............................................64

SUBORDINATION OF SECURITIES. SECTION 13.110.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness...........................................73 SECTION 13.210.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon upon Dissolution, Etc.................... 64 etc..........................................74 SECTION 13.310.3. Suspension of Payment Permitted If No When Senior Indebtedness Is in Default............................. 66 ............................75 SECTION 13.410.4. Trustee's Relation to Senior Indebtedness...............................................77 SECTION 10.5. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness.................................77 SECTION 13.510.6. Provisions Solely to To Define Relative Rights................. 67 .............................................78 SECTION 13.610.7.

SUBORDINATION OF SECURITIES. 73 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness.......................................73 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ..............................73 SECTION 13.3. Payment Permitted If No Default............................. 66 ....................75 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness................................75 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 .............................................75 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 66 Section 13.1. Securities Subordinate to Senior and Subordinated Debt....................... 64 SECTION ...............................66 Section 13.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION .......................................66 Section 13.3. Reserved.............................................................................67 Section 13.4. No Payment When Senior and Subordinated Debt in Default..............................67 Section 13.5. Payment Permitted If No Default............................. 66 SECTION 13.4......................................................68 Section 13.6. Subrogation to Rights of Holders of Senior and Subordinated Debt............. 66 SECTION 13.5.....................68 Section 13.7. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6...........................................69

SUBORDINATION OF SECURITIES. SECTION 13.1. 83 Section 15.01 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. Indebtedness.............................................83 Section 15.02 Payment over of Proceeds upon Dissolution, Etc............................................83 Section 15.03 No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. ............................................84 Section 15.04 Payment Permitted If if No Default............................. 66 SECTION 13.4. ...........................................................85 Section 15.05 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Indebtedness...................................85

SUBORDINATION OF SECURITIES. SECTION 13.14.01. Securities Subordinate to Senior Debt....................... 64 Indebtedness.................................................. 23 SECTION 13.24.02. No Payment over of Proceeds upon Dissolution, etc................................................. 23 SECTION 4.03. Suspension of Payment When Designated Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ........................... 25 SECTION 13.34.04. Payment Permitted If No Default............................. 66 ................................................................ 26 SECTION 13.44.05. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness........................................ 26 SECTION 13.54.06. Provisions Solely to Define Relative Rights................. 67 .................................................... 26 SECTION 13.64.07.

SUBORDINATION OF SECURITIES. 64 SECTION 13.1. 13.1 Debt Securities Subordinate to Senior Debt....................... Indebtedness.............................64 SECTION 13.2. No Payment When 13.2 Default on Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... Indebtedness.....................................64 SECTION 13.3. Payment Permitted If No Default............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1Section 12.1. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2...................... 59 Section 12.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3............................. 59 Section 12.3. Payment Permitted If No Default............................. 66 SECTION 13.4............................ 61 Section 12.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5............ 61 Section 12.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6................. 61

SUBORDINATION OF SECURITIES. SECTION Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness...................... 77 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION . ....................... 78 Section 13.3. Payment Permitted If No Default............................. 66 SECTION ............ 80 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness...................... 80 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION .......................... 80 Section 13.6.

SUBORDINATION OF SECURITIES. 74 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness............................................74 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ...................................74 SECTION 13.3. Payment Permitted If No Default............................. 66 .........................75 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness.....................................76 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 ..................................................76 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1. 75 Section 13.1 Securities Subordinate to Senior Debt....................... 64 SECTION 13.2. No Payment When Senior Debt in Default; Indebtedness .............. 75 Section 13.2 Payment Over of Proceeds Upon upon Dissolution, Etc.................... 64 SECTION 13.3. etc ............. 75 Section 13.3 Suspension of Payment Permitted If No Default............................. 66 SECTION 13.4. When Senior Indebtedness in Default .. 77 Section 13.4 Trustee's Relation to Senior Indebtedness .................. 78 Section 13.5 Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Indebtedness .... 78 Section 13.6 Provisions Solely to To Define Relative Rights................. 67 SECTION 13.6.Rights ................ 79 Section 13.7

SUBORDINATION OF SECURITIES. SECTION 13.112.01. Securities Subordinate to Senior Debt....................... 64 Indebtedness............................................ 82 SECTION 13.212.02. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 . ...................................... 82 SECTION 13.312.03. No Payment When Senior Indebtedness in Default.............................................. 84 SECTION 12.04. Payment Permitted If No Default............................. 66 ........................... 85 SECTION 13.412.05. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness..................................... 86 SECTION 13.512.06. Provisions Solely to To Define Relative Rights................. 67 .................................................. 86 SECTION 13.612.07.

SUBORDINATION OF SECURITIES. SECTION Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness........................... 72 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3. .......................... 73 Section 13.3 Payment Permitted If No Default............................. 66 SECTION ......................................... 74 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness................. 74 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION ............................. 75 Section 13.6.

SUBORDINATION OF SECURITIES. SECTION 13.1Section 1301. Securities Subordinate to Senior Debt....................... 64 SECTION 13.2Indebtedness...............................132 Section 1302. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION 13.3etc..............................133 Section 1303. Suspension of Payment When Designated Senior Indebtedness in Default..................................................134 Section 1304. Payment Permitted If if No Default............................. 66 SECTION 13.4.............................................136 Section 1305. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6.Indebtedness.....................136

SUBORDINATION OF SECURITIES. 91 SECTION 13.1. Securities Subordinate to Senior Debt....................... 64 Indebtedness.............................................. 91 SECTION 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 ..................................... 91 SECTION 13.3. Payment Permitted If No Default............................. 66 ........................... 94 SECTION 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 Indebtedness....................................... 94 SECTION 13.5. Provisions Solely to Define Relative Rights................. 67 .................................................... 95 SECTION 13.6.

SUBORDINATION OF SECURITIES. SECTION 76 Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION Indebtedness.............................................76 Section 13.2. No Payment When Senior Debt Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION .......................................................................76 Section 13.3. Payment Permitted If No Default............................. 66 SECTION ...........................................................78 Section 13.4. Subrogation to Rights of Holders of Senior Debt............. 66 SECTION Indebtedness...................................78 Section 13.5. Provisions Solely to Define Relative Rights................. 67 SECTION ...............................................78 Section 13.6.

SUBORDINATION OF SECURITIES. SECTION 76 Section 13.1. Securities Subordinate to Senior Debt....................... 64 SECTION and Subordinated Debt 76 Section 13.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc.................... 64 SECTION ........ 76 Section 13.3. Prior Payment to Senior and Subordinated Debt Upon Acceleration of Securities............................ 77 Section 13.4. No Payment When Senior and Subordinated Debt in Default 78 Section 13.5. Payment Permitted If No Default............................. 66 SECTION 13.4....................... 79 Section 13.6. Subrogation to Rights of Holders of Senior and Subordinated Debt............. 66 SECTION 13.5..................................... 79 Section 13.7. Provisions Solely to Define Relative Rights................. 67 SECTION 13.6........... 80 Section 13.8.