Common use of Subrogation of Notes Clause in Contracts

Subrogation of Notes. 35 Section 4.04. Authorization to Effect Subordination..........................36 Section 4.05. Notice to Trustee..............................................36 Section 4.06. Trustee's Relation to Senior Indebtedness......................37 Section 4.07. No Impairment of Subordination.................................37 Section 4.08. Certain Conversions Not Deemed Payment.........................38 Section 4.09. Article Applicable to Paying Agents............................38 Section 4.10. Senior Indebtedness Entitled to Rely...........................39 Section 4.11. Reliance on Judicial Order or Certificate of Liquidating Agent.39

Subrogation of Notes. 35 47 Section 4.04. 4.4 Authorization to Effect Subordination..........................36 .....................................................48 Section 4.05. 4.5 Notice to Trustee..............................................36 .........................................................................49 Section 4.06. 4.6 Trustee's Relation to Senior Indebtedness......................37 .................................................50 Section 4.07. 4.7 No Impairment of Subordination.................................37 ............................................................51 Section 4.08. 4.8 Certain Conversions Not Deemed Payment.........................38 ....................................................51 Section 4.09. 4.9 Article Applicable to Paying Agents............................38 .......................................................52 Section 4.10. 4.10 Senior Indebtedness Entitled to Rely...........................39 .....................................................52 Section 4.11. 4.11 Reliance on Judicial Order or Certificate of Liquidating Agent.39Agent...........................52

Subrogation of Notes. 35 27 Section 4.04. 4.4 Authorization to Effect Subordination..........................36 ....................................28 Section 4.05. 4.5 Notice to Trustee..............................................36 ........................................................28 Section 4.06. 4.6 Trustee's Relation to Senior Indebtedness......................37 Obligations.................................29 Section 4.07. 4.7 No Impairment of Subordination.................................37 ...........................................29 Section 4.08. 4.8 Certain Conversions Not Deemed Payment.........................38 ...................................29 Section 4.09. 4.9 Article Applicable to Paying Agents............................38 ......................................30 Section 4.10. 4.10 Senior Indebtedness Obligations Entitled to Rely...........................39 ......................................30 Section 4.11. 4.11 Reliance on Judicial Order or Certificate of Liquidating Agent.39Agent...........30

Subrogation of Notes. 35 32 Section 4.04. Authorization to Effect Subordination..........................36 Subordination .......................... 33 Section 4.05. Notice to Trustee..............................................36 Trustee .............................................. 34 Section 4.06. Trustee's Relation to Senior Indebtedness......................37 Debt .............................. 34 Section 4.07. No Impairment of Subordination.................................37 Subordination ................................. 35 Section 4.08. Certain Conversions Not Deemed Payment.........................38 Payment ......................... 35 Section 4.09. Article Applicable to Paying Agents............................38 Agents ............................ 36 Section 4.10. Senior Indebtedness Debt Entitled to Rely...........................39 Rely ................................... 36 Section 4.11. Reliance on Judicial Order or Certificate of Liquidating Agent.39Agent.. 36

Subrogation of Notes. 35 17 Section 4.04. 4.4 Authorization to Effect Subordination..........................36 ..........................................................18 Section 4.05. 4.5 Notice to Trustee..............................................36 ..............................................................................18 Section 4.06. 4.6 Trustee's Relation to Senior Indebtedness......................37 ......................................................19 Section 4.07. 4.7 No Impairment of Subordination.................................37 .................................................................19 Section 4.08. 4.8 Certain Conversions Not Deemed Payment.........................38 .........................................................19 Section 4.09. 4.9 Article Applicable to Paying Agents............................38 ............................................................19 Section 4.10. 4.10 Senior Indebtedness Entitled to Rely...........................39 ...........................................................19 Section 4.11. 4.11 Reliance on Judicial Order or Certificate of Liquidating Agent.39Agent.................................19 ARTICLE V

Subrogation of Notes. 35 Section 4.0482 SECTION 12.4. Authorization to Effect Subordination..........................36 Section 4.05.........................83 SECTION 12.5. Notice to Trustee..............................................36 Section 4.06.............................................83 SECTION 12.6. Trustee's Relation to Senior Indebtedness......................37 Section 4.07.....................84 SECTION 12.7. No Impairment of Subordination.................................37 Section 4.08................................84 SECTION 12.8. Certain Conversions Not Deemed Payment.........................38 Section 4.09........................84 SECTION 12.9. Article Applicable to Paying Agents............................38 Section 4.10...........................84 SECTION 12.10. Senior Indebtedness Entitled to Rely...........................39 Section 4.11. Reliance on Judicial Order or Certificate of Liquidating Agent.39..........................85

Subrogation of Notes. 35 43 Section 4.04. 4.4 Authorization to Effect Subordination..........................36 ............................45 Section 4.05. 4.5 Notice to Trustee..............................................36 ................................................45 Section 4.06. 4.6 Trustee's Relation to Senior Indebtedness......................37 ........................46 Section 4.07. 4.7 No Impairment of Subordination.................................37 ...................................47 Section 4.08. 4.8 Certain Conversions Not Deemed Payment.........................38 ...........................47 Section 4.09. 4.9 Article Applicable to Paying Agents............................38 ..............................48 Section 4.10. 4.10 Senior Indebtedness Entitled to Rely...........................39 ............................48 Section 4.11. 4.11 Reliance on Judicial Order or Certificate of Liquidating Agent.39Agent............................48 ARTICLE FIVE - PARTICULAR COVENANTS OF THE COMPANY

Subrogation of Notes. 35 21 Section 4.04. 4.4 Authorization to Effect Subordination..........................36 ....................................22 Section 4.05. 4.5 Notice to Trustee..............................................36 ........................................................22 Section 4.06. 4.6 Trustee's Relation to Senior Indebtedness......................37 Indebtedness of the Company.................23 Section 4.07. 4.7 No Impairment of Subordination.................................37 ...........................................24 Section 4.08. Certain Conversions Not Deemed Payment.........................38 Section 4.09. 4.8 Article Applicable to Paying Agents............................38 ......................................24 Section 4.10. 4.9 Senior Indebtedness of the Company Entitled to Rely...........................39 ......................24 -i- 3 TABLE OF CONTENTS (CONTINUED) PAGE ---- Section 4.11. Reliance on Judicial Order or Certificate of Liquidating Agent.394.10 Certain Conversions Deemed Payment.......................................24

Subrogation of Notes. 35 36 Section 4.04. Authorization to Effect Subordination..........................36 ............................................................37 Section 4.05. Notice to Trustee..............................................36 ................................................................................37 Section 4.06. Trustee's Relation to Senior Indebtedness......................37 ........................................................38 Section 4.07. No Impairment of Subordination.................................37 ...................................................................39 Section 4.08. Certain Conversions Not Deemed Payment.........................38 ...........................................................39 Section 4.09. Article Applicable to Paying Agents............................38 ..............................................................39 Section 4.10. Senior Indebtedness Entitled to Rely........................................................................................39 Section 4.11. Reliance on Judicial Order or Certificate of Liquidating Agent.39Agent...................................40