Common use of Default on Designated Senior Debt Clause in Contracts

Default on Designated Senior Debt. 64 SECTION 12.04. Acceleration of Securities................................. 65 SECTION 12.05. When Distribution Must Be Paid Over........................ 65 SECTION 12.06. Notice by Guarantor........................................ 66 SECTION 12.07. Subrogation................................................ 66 SECTION 12.08. Relative Rights............................................ 66 SECTION 12.09. Subordination May Not Be Impaired by the Guarantors........ 66 SECTION 12.10. Distribution or Notice to Representative................... 67 SECTION 12.11. Rights of Trustee and Paying Agent......................... 67 SECTION 12.12. Authorization to Effect Subordination...................... 68 SECTION 12.13. Amendments................................................. 68

Default on Designated Senior Debt. 64 87 SECTION 12.04. Acceleration of Securities................................. 65 Notes.............................................................. 87 SECTION 12.05. When Distribution Must Be Paid Over........................ 65 ................................................ 88 SECTION 12.06. Notice by Guarantor........................................ 66 the Company.............................................................. 88 SECTION 12.07. Subrogation................................................ 66 ........................................................................ 88 SECTION 12.08. Relative Rights............................................ 66 .................................................................... 88 SECTION 12.09. Subordination May Not Be Impaired by the Guarantors........ 66 Company................................... 89 SECTION 12.10. Distribution or Notice to Representative................... 67 ........................................... 89 SECTION 12.11. Rights of Trustee and Paying Agent......................... 67 ................................................. 89 SECTION 12.12. Authorization to Effect Subordination...................... 68 SECTION 12.13. Amendments................................................. 68.............................................. 90

Default on Designated Senior Debt. 64 83 SECTION 12.0410.04. Acceleration of Securities................................. 65 Notes..................................................................84 SECTION 12.0510.05. When Distribution Must Be Paid Over........................ 65 ....................................................84 SECTION 12.0610.06. Notice by Guarantor........................................ 66 Company......................................................................84 SECTION 12.0710.07. Subrogation................................................ 66 ............................................................................85 SECTION 12.0810.08. Relative Rights............................................ 66 ........................................................................85 SECTION 12.0910.09. Subordination May Not Be Impaired by the Guarantors........ 66 Company...........................................86 SECTION 12.1010.10. Distribution or Notice to Representative................... 67 ...............................................86 SECTION 12.1110.11. Rights of Trustee and Paying Agent......................... 67 .....................................................86 SECTION 12.1210.12. Authorization to Effect Subordination...................... 68 ..................................................87 SECTION 12.1310.13. Amendments................................................. 68.............................................................................87 Article 11

Default on Designated Senior Debt. 64 SECTION 12.0472 TABLE OF CONTENTS (continued) Page Section 11.04. Acceleration of Securities................................. 65 SECTION 12.05Notes....................................73 Section 11.05. When Distribution Must Be Paid Over........................ 65 SECTION 12.06......................73 Section 11.06. Notice by Guarantor........................................ 66 SECTION 12.07By the Issuers....................................74 Section 11.07. Subrogation................................................ 66 SECTION 12.08..............................................74 Section 11.08. Relative Rights............................................ 66 SECTION 12.09..........................................74 Section 11.09. Subordination May Not Be Impaired by By the Guarantors........ 66 SECTION 12.10Issuers.........74 Section 11.10. Distribution or Or Notice to To Representative................... 67 SECTION 12.11.................75 Section 11.11. Rights of Of Trustee and And Paying Agent......................... 67 SECTION 12.12.......................75 Section 11.12. Authorization to To Effect Subordination...................... 68 SECTION 12.13....................75 Section 11.13. Amendments................................................. 68Trust Moneys Not Subordinated............................76

Default on Designated Senior Debt. 64 94 SECTION 12.0410.04. Acceleration of Securities................................. 65 Notes...................................................................95 SECTION 12.0510.05. When Distribution Must Be Paid Over........................ 65 .....................................................96 SECTION 12.0610.06. Notice by Guarantor........................................ 66 Company.......................................................................96 SECTION 12.0710.07. Subrogation................................................ 66 .............................................................................96 SECTION 12.0810.08. Relative Rights............................................ 66 .........................................................................97 SECTION 12.0910.09. Subordination May Not Be Impaired by the Guarantors........ 66 Company............................................97 SECTION 12.1010.10. Distribution or Notice to Representative................... 67 ................................................98 SECTION 12.1110.11. Rights of Trustee and Paying Agent......................... 67 ......................................................98 SECTION 12.1210.12. Authorization to Effect Subordination...................... 68 ...................................................99 SECTION 12.1310.13. Amendments................................................. 68..............................................................................99

Default on Designated Senior Debt. 64 SECTION 12.0475 Section 10.04. Acceleration of Securities................................. 65 SECTION 12.05Debentures.....................................................................76 Section 10.05. When Distribution Must Be Paid Over........................ 65 SECTION 12.06............................................................76 Section 10.06. Notice by Guarantor........................................ 66 SECTION 12.07Company..............................................................................77 Section 10.07. Subrogation................................................ 66 SECTION 12.08....................................................................................77 Section 10.08. Relative Rights............................................ 66 SECTION 12.09................................................................................77 Section 10.09. Subordination May Not Be Impaired by the Guarantors........ 66 SECTION 12.10Company...................................................77 Section 10.10. Distribution or Notice to Representative................... 67 SECTION 12.11.......................................................77 Section 10.11. Rights of Trustee and Paying Agent......................... 67 SECTION 12.12.............................................................78 Section 10.12. Authorization to Effect Subordination...................... 68 SECTION 12.13..........................................................78 Section 10.13. Amendments................................................. 68.....................................................................................78 ARTICLE 11. MISCELLANEOUS........................................................................................78

Default on Designated Senior Debt. 64 SECTION 68 Section 12.04. Acceleration of Securities................................. 65 SECTION Subsidiary Guarantees............................. 68 Section 12.05. When Distribution Must Be Paid Over........................ 65 SECTION ............................... 68 Section 12.06. Notice by Subsidiary Guarantor........................................ 66 SECTION .................................... 69 Section 12.07. Subrogation................................................ 66 SECTION ....................................................... 69 Section 12.08. Relative Rights............................................ 66 SECTION ................................................... 69 Section 12.09. Subordination May Not Be Impaired by the Guarantors........ 66 SECTION Subsidiary Guarantor......... 70 Section 12.10. Distribution or Notice to Representative................... 67 SECTION .......................... 71 Section 12.11. Rights of Trustee and Paying Agent......................... 67 SECTION ................................ 71 Section 12.12. Authorization to Effect Subordination...................... 68 SECTION ............................. 71 Section 12.13. Amendments................................................. 68........................................................ 72

Default on Designated Senior Debt. 64 SECTION 72 Section 12.04. Acceleration of Securities................................. 65 SECTION Notes................................................. 73 Section 12.05. When Distribution Must Be Paid Over........................ 65 SECTION ................................... 73 Section 12.06. Notice by Guarantor........................................ 66 SECTION ................................................... 73 Section 12.07. Subrogation................................................ 66 SECTION ........................................................... 74 Section 12.08. Relative Rights............................................ 66 SECTION ....................................................... 74 Section 12.09. Subordination May Not Be Impaired by the Guarantors........ 66 SECTION ................... 74 Section 12.10. Distribution or Notice to Representative................... 67 SECTION .............................. 75 Section 12.11. Rights of Trustee and Paying Agent......................... 67 SECTION .................................... 75 Section 12.12. Authorization to Effect Subordination...................... 68 SECTION ................................. 76 Section 12.13. Amendments............................................................ 76 ARTICLE 13 MISCELLANEOUS................................................. 6876 Section 13.01.

Default on Designated Senior Debt. 64 SECTION 12.0483 Section 10.04.Reinstatement of Payments...................................... 83 Section 10.05. Acceleration of Securities................................. 65 SECTION 12.05Notes......................................... 84 Section 10.06. When Distribution Must Be Paid Over........................ 65 SECTION 12.06........................... 84 Section 10.07. Notice by Guarantor........................................ 66 SECTION 12.07Company............................................. 84 Section 10.08. Subrogation................................................ 66 SECTION 12.08................................................... 84 Section 10.09. Relative Rights............................................ 66 SECTION 12.09............................................... 85 Section 10.10. Subordination May Not Be Impaired by the Guarantors........ 66 SECTION 12.10Company or Holders....... 85 Section 10.11. Distribution or Notice to Representative................... 67 SECTION 12.11Representatives..................... 86 Section 10.12. Rights of Trustee and Paying Agent......................... 67 SECTION 12.12............................ 86 Section 10.13. Authorization to Effect Subordination...................... 68 SECTION 12.13......................... 86 Section 10.14. Amendments................................................. 68.................................................... 87

Default on Designated Senior Debt. 64 SECTION 70 Section 12.04. Acceleration of Securities................................. 65 SECTION Subsidiary Guarantees.................................................... 71 Section 12.05. When Distribution Must Be be Paid Over........................ 65 SECTION ...................................................... 71 Section 12.06. Notice by Guarantor........................................ 66 SECTION ...................................................................... 71 Section 12.07. Subrogation................................................ 66 SECTION .............................................................................. 72 Section 12.08. Relative Rights............................................ 66 SECTION .......................................................................... 72 Section 12.09. Subordination May Not Be be Impaired by the Guarantors........ 66 SECTION Guarantor........................................... 72 Section 12.10. Distribution or Notice to Representative................... 67 SECTION ................................................. 73 Section 12.11. Rights of Trustee and Paying Agent......................... 67 SECTION ....................................................... 73 Section 12.12. Authorization to Effect Subordination...................... 68 SECTION .................................................... 74 Section 12.13. Amendments................................................. 68............................................................................... 74

Default on Designated Senior Debt. 64 86 SECTION 12.0410.04. Acceleration of Securities................................. 65 ................................................. 86 SECTION 12.0510.05. When Distribution Must Be Paid Over........................ 65 ........................................ 87 SECTION 12.0610.06. Notice by Guarantor........................................ 66 the Issuer....................................................... 87 SECTION 12.0710.07. Subrogation................................................ 66 ................................................................ 87 SECTION 12.0810.08. Relative Rights............................................ 66 ............................................................ 88 SECTION 12.0910.09. Subordination May Not Be Impaired by the Guarantors........ 66 Issuer............................ 88 SECTION 12.1010.10. Distribution or Notice to Representative................... 67 ................................... 88 SECTION 12.1110.11. Rights of Trustee and Paying Agent......................... 67 ......................................... 89 SECTION 12.1210.12. Authorization to To Effect Subordination...................... 68 SECTION 12.13. Amendments................................................. 68...................................... 89 ARTICLE XI