Subordination of Debentures. 49 13.1 Agreement to Subordinate......................................49 13.2 Default on Senior Debt, Subordinated Debt or Additional Senior Obligations..............................49 13.3
Subordination of Debentures. 56 Section 16.1 Agreement to Subordinate.........................................................56
Subordination of Debentures. Section 4.01.
Subordination of Debentures. SECTION 1301.
Subordination of Debentures. 43 Section 16.1. Agreement to Subordinate 43 Section 16.2. Default on Senior Debt, Subordinated Debt or Additional Senior Obligations 43 Section 16.3.
Subordination of Debentures. 51 Section 16.1 Agreement to Subordinate.............................................................51 Section 16.2 Default on Senior Debt, Subordinated Debt or Additional Senior Obligations.........
Subordination of Debentures. The Company covenants and agrees, and each holder of Debentures issued hereunder by his acceptance thereof likewise covenants and agrees, that all Debentures shall be issued subject to the provisions of this Article Fourteen; and each holder of a Debenture, whether upon original issue or upon transfer or assignment thereof, accepts and agrees to be bound by such provisions. The payment of the principal of, premium, if any, and interest on all Debentures issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred. No provision of this Article Fourteen shall prevent the occurrence of any default or Event of Default hereunder.
Subordination of Debentures. 45 Section 15.1. Agreement to Subordinate............................. 45 Section 15.2. Default on Senior Indebtedness....................... 46 Section 15.3. Liquidation, Dissolution, Bankruptcy................. 46 Section 15.4. Subrogation.......................................... 47 Section 15.5.
Subordination of Debentures. SECTION 14.01. The Company, for itself, its successors and assigns, covenants and agrees, and each holder of a Debenture, by its acceptance thereof, likewise covenants and agrees, that the payment of the principal of (premium, if any), and interest on, each and all of the Debentures is hereby expressly subordinated, to the extent and in the manner hereinafter in this Article set forth, in 98 84 right of payment to the prior payment in full of all Senior Indebtedness. The provisions of this Article are made for the benefit of all holders of Senior Indebtedness, and any such holder may proceed to enforce such provisions.
SECTION 14.02. No payment by the Company on account of principal of (premium, if any), or interest on, the Debentures of any series shall be made if any default or event of default with respect to any Senior Indebtedness, which permits or with the giving of notice or passage of time or both would permit the holders thereof (or a trustee on their behalf) to accelerate the maturity thereof, shall have occurred and be continuing and the Company and the Trustee shall have received written notice thereof from the holders of at least 10% in principal amount of any kind or category of any Senior Indebtedness (or the representative or trustee of such holders) or the Trustee shall have received written notice thereof from the Company. In the event that any Debentures of any series are declared due and payable before the date specified therein as the fixed dated on which the principal thereof is due and payable pursuant to Article VI, or upon any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to creditors upon any dissolution or winding up or total or partial liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy, insolvency, receivership or other proceedings, all principal of (premium, if any) and interest due or to become due upon all Senior Indebtedness shall first be paid in full before any holders of Debentures, or the Trustee, shall be entitled to receive or retain any assets (other than shares of stock of the Company as reorganized or readjusted or securities of the Company or any other corporation provided for by a plan of reorganization or readjustment, the payment of which is subordinated, at least to the same extent as the Debentures, to the payment of all Senior Indebtedness which may at the time be outstanding, provided that the r...
Subordination of Debentures. 60 Section 12.1 Debentures Subordinate to Senior Debt........................................60 Section 12.2 Payment Over of Proceeds Upon Dissolution, Etc...............................60 Section 12.3 Prior Payment to Senior Debt upon Acceleration of Debentures................................................................61 Section 12.4 No Payment When Senior Debt in Default.......................................62 Section 12.5 Payment Permitted If No Default..............................................62 Section 12.6 Subrogation to Rights of Holders of Senior Debt..............................62 Section 12.7 Provisions Solely to Define Relative Rights..................................63 Section 12.8
