Common use of UNSECURED TERM NOTES Clause in Contracts

UNSECURED TERM NOTES. The Unsecured Term Notes were issued in compliance with all applicable Requirements of Law and there is no existing "Event of Default" as defined in the Unsecured Term Note Indenture.

UNSECURED TERM NOTES. The Unsecured Term Notes were issued in compliance with all applicable Requirements of Law and there is no existing "Event of Default" as defined in the Unsecured Term Note Indenture. There have been no further supplements or amendments to the Unsecured Term Note Indenture except as set forth in the definition of Unsecured Term Note Indenture.