Common use of Subrogation of Securities Clause in Contracts

Subrogation of Securities. 56 SECTION 11.4 Authorization by Holders of Securities.................................................. 57 SECTION 11.5 Notices to Trustee...................................................................... 57 SECTION 11.6 Trustee's Relation to Senior Indebtedness............................................... 58 SECTION 11.7 No Impairment of Subordination.......................................................... 59 SECTION 11.8 Article 11 Not To Prevent Events of Default............................................. 59 SECTION 11.9 Paying Agents other than the Trustee.................................................... 59 SECTION 11.10 Securities Senior to Subordinated Indebtedness.......................................... 59 ARTICLE 12

Subrogation of Securities. 56 51 SECTION 11.4 11.4. Authorization by Holders of Securities.................................................. 57 .............................................53 SECTION 11.5 11.5. Notices to Trustee...................................................................... 57 .................................................................53 SECTION 11.6 11.6. Trustee's Relation to Senior Indebtedness............................................... 58 ..........................................54 SECTION 11.7 11.7. No Impairment of Subordination.......................................................... 59 .....................................................54 SECTION 11.8 11.8. Article 11 Not To Prevent Events of Default............................................. 59 ........................................54 SECTION 11.9 11.9. Paying Agents other than the Trustee.................................................... 59 ...............................................55 SECTION 11.10 11.10. Securities Senior to Subordinated Indebtedness.......................................... 59 .....................................55 ARTICLE 12XII. MISCELLANEOUS

Subrogation of Securities. 56 SECTION 11.4 48 Section 12.4. Authorization by Holders of Securities.................................................. 57 SECTION 11.5 Notices to Effect Subordination...............................................49 Section 12.5. Notice to Trustee...................................................................... 57 SECTION 11.6 ...................................................................49 Section 12.6. Trustee's Relation to Senior Indebtedness............................................... 58 SECTION 11.7 ...........................................50 Section 12.7. No Impairment of Subordination.......................................................... 59 SECTION 11.8 ......................................................51 Section 12.8. Article 11 Not To Prevent Events Applicable to Paying Agents.................................................51 Section 12.9. Senior Indebtedness Entitled to Rely................................................51 CELGENE CORPORATION Reconciliation and tie between Trust Indenture Act of Default............................................. 59 SECTION 11.9 Paying Agents other than the Trustee.................................................... 59 SECTION 11.10 Securities Senior to Subordinated Indebtedness.......................................... 59 ARTICLE 121939 and Indenture, dated as of _____________, 200_

Subrogation of Securities. 56 32 SECTION 11.4 14.04. Authorization by Holders of Securities.................................................. 57 Securityholders................................. 32 SECTION 11.5 Notices 14.05. Notice to Trustee...................................................................... 57 ................................................ 32 SECTION 11.6 14.06. Trustee's Relation to Senior Indebtedness............................................... 58 ........................ 32 SECTION 11.7 14.07. No Impairment of Subordination.......................................................... 59 ................................... 32 SECTION 11.8 Article 11 Not To Prevent Events 14.08. Rights of Default............................................. 59 SECTION 11.9 Paying Agents other than the Trustee.................................................... 59 SECTION 11.10 Securities Senior to Subordinated Indebtedness.......................................... 59 ARTICLE 12................................................ 32