Common use of Liquidation; Dissolution; Bankruptcy Clause in Contracts

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 Default on Designated Senior Debt.......................73 Section 10.4 Acceleration of Notes...................................74 Section 10.5 When Distribution Must Be Paid Over.....................74 Section 10.6 Notice by the Company...................................74 Section 10.7 Subrogation.............................................74 Section 10.8 Relative Rights.........................................75 Section 10.9 Subordination May Not Be Impaired by the Company........75 Section 10.10 Distribution or Notice to Representative................76 Section 10.11 Rights of Trustee and Paying Agent......................76 Section 10.12 Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................77

Liquidation; Dissolution; Bankruptcy. 72 73 Section 10.3 Default 10.03.Default on Designated Senior Debt................................................... 73 Section 10.4 Acceleration 10.04.Acceleration of Notes...................................Securities................................... 74 Section 10.5 When 10.05.When Distribution Must Be Paid Over............................................... 74 Section 10.6 Notice 10.06.Notice by the Company...................................74 Section 10.7 Subrogation.............................................74 Section 10.8 Relative Rights..................................................................................... 75 Section 10.9 Subordination 10.07.Subrogation.................................................. 75 Section 10.08.Relative Rights.............................................. 75 Section 10.09.Subordination May Not Be Impaired by the Company........75 ................. 76 Section 10.10 Distribution 10.10.Distribution or Notice to Representative..................................... 76 Section 10.11 Rights 10.11.Rights of Trustee and Paying Agent................................................. 76 Section 10.12 Authorization 10.12.Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................77........................ 76

Liquidation; Dissolution; Bankruptcy. 72 76 Section 10.3 10.04 Default on Designated Senior Debt.......................73 . ........................ 76 Section 10.4 10.05 Acceleration of Notes...................................74 . .................................... 77 Section 10.5 10.06 When Distribution Must Be Paid Over.....................74 . ...................... 77 Section 10.6 10.07 Notice by the Company...................................74 . ........................................ 78 Section 10.7 10.08 Subrogation.............................................74 . .............................................. 78 Section 10.8 10.09 Relative Rights.........................................75 . .......................................... 78 Section 10.9 10.10 Subordination May Not Be Impaired by the Company........75 . ............. 78 Section 10.10 10.11 Distribution or Notice to Representative................76 . ................. 79 Section 10.11 10.12 Rights of Trustee and Paying Agent......................76 . ....................... 79 Section 10.12 10.13 Authorization to Effect Subordination...................77 . .................... 79 Section 10.13 10.14 Amendments..............................................77. ............................................... 79

Liquidation; Dissolution; Bankruptcy. 72 81 Section 10.3 12.3 Default on Designated Guarantor Senior Debt.......................73 .............82 Section 10.4 12.4 Acceleration of Notes...................................74 Note Guarantees.........................82 Section 10.5 12.5 When Distribution Must Be Paid Over.....................74 83 Section 10.6 12.6 Notice by the Company...................................74 Subsidiary Guarantor..........................83 Section 10.7 12.7 Subrogation.............................................74 83 Section 10.8 12.8 Relative Rights.........................................75 84 Section 10.9 12.9 Subordination May Not Be Impaired by the Company........75 Subsidiary Guarantor...............................................84 Section 10.10 12.10 Distribution or Notice to Representative................76 85 Section 10.11 12.11 Rights of Trustee and Paying Agent......................76 85 Section 10.12 Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................7712.12

Liquidation; Dissolution; Bankruptcy. 72 41 Section 10.3 8.03. Default on Designated Senior Debt.......................73 Indebtedness................42 Section 10.4 8.04. Acceleration of Notes...................................74 ....................................43 Section 10.5 8.05. When Distribution Must Be Paid Over.....................74 ......................43 Section 10.6 8.06. Notice by the Company...................................74 ........................................44 Section 10.7 8.07. Subrogation.............................................74 ..............................................44 Section 10.8 8.08. Relative Rights.........................................75 ..........................................44 Section 10.9 8.09. Subordination May Not Be Impaired by the Company........75 Company or any Guarantor................................................44 Section 10.10 8.10. Distribution or Notice to Representative................76 .................45 Section 10.11 8.11. Rights of Trustee and Paying Agent......................76 .......................45 Section 10.12 8.12. Authorization to Effect Subordination...................77 ....................45 Section 10.13 8.13. Amendments..............................................77...............................................45 Section 8.14. Reinstatement of Payments................................46

Liquidation; Dissolution; Bankruptcy. 72 65 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ..........................66 Section 10.4 10.04. Acceleration of Notes...................................74 ......................................67 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ........................67 Section 10.6 10.06. Notice by the Company...................................74 ..........................................67 Section 10.7 10.07. Subrogation.............................................74 ................................................67 Section 10.8 10.08. Relative Rights.........................................75 ............................................67 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ...............68 Section 10.10 10.10. Distribution or Notice to Representative................76 ...................68 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 .........................68 Section 10.12 10.12. Authorization to Effect Subordination...................77 ......................68 Section 10.13 10.13. Amendments..............................................77.................................................69

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 66 SECTION 10.3. Default on Designated Senior Debt.......................73 Section 10.4 Acceleration Indebtedness.............................67 SECTION 10.4. Payment of Notes...................................74 Section 10.5 Subordinated Debt Permitted if No Default.......68 SECTION 10.5. When Distribution Subordinated Debt Must Be Paid Over.....................74 Section 10.6 Notice ...................68 SECTION 10.6. Notices by the Company...................................74 Section 10.7 .....................................68 SECTION 10.7. Subrogation.............................................74 Section 10.8 ................................................68 SECTION 10.8. Relative Rights.........................................75 Section 10.9 ............................................69 SECTION 10.9. Subordination May Not Be Impaired by the Company........75 Section 10.10 Distribution or Notice to Representative................76 Section 10.11 Rights of Trustee and Paying Agent......................76 Section 10.12 Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................77...........69 v. Page

Liquidation; Dissolution; Bankruptcy. 72 71 Section 10.3 12.04. Default on Designated Senior and Senior Subordinated Debt............................................................. 72 Section 12.05. Acceleration of Securities............................. 73 Section 10.4 Acceleration of Notes...................................74 Section 10.5 12.06. When Distribution Must Be Paid Over......................................... 73 Section 12.07. Notice by Company...................................... 73 Section 12.08. Subrogation............................................ 74 Section 10.6 Notice by the Company...................................12.09. Relative Rights........................................ 74 Section 10.7 Subrogation.............................................74 Section 10.8 Relative Rights.........................................75 Section 10.9 12.10. Subordination May Not Be Impaired by the Company........75 ........... 74 Section 10.10 12.11. Distribution or Notice to Representative................76 ............... 75 Section 10.11 12.12. Rights of Trustee and Paying Agent......................76 ..................... 75 Section 10.12 12.13. Authorization to Effect Subordination...................77 .................. 75 Section 10.13 12.14. Amendments..............................................77............................................. 76 EXHIBITS Exhibit A FORM OF SECURITY iv

Liquidation; Dissolution; Bankruptcy. 72 63 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ........................................ 64 Section 10.4 10.04. Acceleration of Notes...................................74 .................................................... 65 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ...................................... 65 Section 10.6 10.06. Notice by the Company...................................74 ........................................................ 65 Section 10.7 10.07. Subrogation.............................................74 .............................................................. 65 Section 10.8 10.08. Relative Rights.........................................75 .......................................................... 66 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ............................. 66 Section 10.10 10.10. Distribution or Notice to Representative................76 ................................. 66 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ....................................... 66 Section 10.12 10.12. Authorization to Effect Subordination...................77 .................................... 67 Section 10.13 10.13. Amendments..............................................77............................................................... 67

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ....................................... 72 Section 10.4 10.04. Acceleration of Notes...................................74 ................................................... 73 Section 10.5 10.05. When Distribution Must Be Paid Over.......................................................... 73 Section 10.06. Notice by Company....................................................... 73 Section 10.07. Subrogation............................................................. 73 Section 10.08. Relative Rights......................................................... 74 Section 10.6 Notice by the Company...................................74 Section 10.7 Subrogation.............................................74 Section 10.8 Relative Rights.........................................75 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ............................ 74 Section 10.10 10.10. Distribution or Notice to Representative................76 ................................ 74 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ...................................... 74 Section 10.12 10.12. Authorization to Effect Subordination...................77 ................................... 75 Section 10.13 10.13. Amendments..............................................77.............................................................. 75

Liquidation; Dissolution; Bankruptcy. 72 90 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ......................... 90 Section 10.4 10.04. Acceleration of Notes...................................74 Securities................................ 91 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ....................... 91 Section 10.6 10.06. Notice by the Company...................................74 ......................................... 92 Section 10.7 10.07. Subrogation.............................................74 ............................................... 92 Section 10.8 10.08. Relative Rights.........................................75 ........................................... 92 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 .............. 92 Section 10.10 10.10. Distribution or Notice to Representative................76 .................. 93 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ........................ 93 Section 10.12 10.12. Authorization to Effect Subordination...................77 ..................... 93 Section 10.13 Amendments..............................................7710.13. Amendments 94

Liquidation; Dissolution; Bankruptcy. 72 78 Section 10.3 10.04. Default on Designated Senior Debt.......................73 ....................................... 78 Section 10.4 10.05. Acceleration of Notes...................................74 ................................................... 79 Section 10.5 10.06. When Distribution Must Be Paid Over.....................74 ..................................... 79 Section 10.6 10.07. Notice by the Company...................................74 ....................................................... 80 Section 10.7 10.08. Subrogation.............................................74 ............................................................. 80 Section 10.8 10.09. Relative Rights.........................................75 ......................................................... 80 Section 10.9 10.10. Subordination May Not Be Impaired by the Company........75 ............................ 80 Section 10.10 10.11. Distribution or Notice to Representative................76 ................................ 81 Section 10.11 10.12. Rights of Trustee and Paying Agent......................76 ...................................... 81 Section 10.12 10.13. Authorization to Effect Subordination...................77 ................................... 81 Section 10.13 10.14. Amendments..............................................77.............................................................. 81

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 11.03. Default on On Designated Senior DebtIndebtedness.................72 Section 11.04. acceleration of notes.....................................73 Section 11.05. When distribution must be paid over.......................73 Section 10.4 Acceleration of Notes...................................11.06. Notice By The Company.....................................74 Section 10.5 When Distribution Must Be Paid Over.....................11.07. Subrogation...............................................74 Section 10.6 Notice by the Company...................................11.08. Relative Rights...........................................74 Section 10.7 Subrogation.............................................74 Section 10.8 Relative Rights.........................................75 Section 10.9 11.09. Subordination May Not Be Impaired by the By The Company..................75 Section 10.10 11.10. Distribution or Or Notice to To Representative..................................75 Section 11.11. Rights Of Trustee And Paying Agent........................75 Section 11.12. Authorization To Effect Subordination.....................76 Section 10.11 Rights of Trustee and Paying Agent......................76 Section 10.12 Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................7711.13. Payment...................................................76

Liquidation; Dissolution; Bankruptcy. 72 73 Section 10.3 12.03. Default on Designated Senior Debt.......................73 ........................... 74 Section 10.4 12.04. Acceleration of Notes...................................Subsidiary Guarantees....................... 74 Section 10.5 12.05. When Distribution Must Be Paid Over.............................................. 74 Section 10.6 12.06. Notice by the Company...................................74 Subsidiary Guarantor.............................. 75 Section 10.7 12.07. Subrogation.............................................74 ................................................. 75 Section 10.8 12.08. Relative Rights...................................................................................... 75 Section 10.9 12.09. Subordination May Not Be Impaired by the Company........75 Subsidiary Guarantor... 76 Section 10.10 12.10. Distribution or Notice to Representative.................................... 76 Section 10.11 12.11. Rights of Trustee and Paying Agent......................76 .......................... 77 Section 10.12 12.12. Authorization to Effect Subordination.......................................... 77 Section 10.13 12.13. Amendments................................................................................................ 77

Liquidation; Dissolution; Bankruptcy. 72 28 Section 10.3 10.4 Default on Designated Senior Debt.......................73 Indebtedness................................... 29 Section 10.4 10.5 Acceleration of Notes...................................74 Debentures....................................... 29 Section 10.5 10.6 When Distribution Must Be be Paid Over.....................74 .............................. 30 Section 10.6 10.7 Notice by the Company...................................74 Section 10.7 Subrogation.............................................74 ................................................ 30 Section 10.8 Subrogation...................................................... 31 Section 10.9 Relative Rights.........................................75 .................................................. 31 Section 10.9 10.10 Subordination May Not Be Impaired by the Company........75 ..................... 31 Section 10.10 10.11 Distribution or Notice to Representative................76 ......................... 32 Section 10.11 10.12 Rights of Trustee and Paying Agent......................76 Section 10.12 Authorization to Effect Subordination...................77 ............................... 32 Section 10.13 Amendments..............................................77Trust Moneys Not Subordinated.................................... 32 Section 10.14 Trustee Not Fiduciary for Holders of Senior Indebtedness......... 32

Liquidation; Dissolution; Bankruptcy. 72 75 Section 10.3 12.03. Default on Designated Guarantor Senior Debt.......................73 .............. 75 Section 10.4 12.04. Acceleration of Notes...................................74 Subsidiary Guarantees.................... 76 Section 10.5 12.05. When Distribution Must Be Paid Over.....................74 ...................... 76 Section 10.6 12.06. Notice by the Company...................................74 Subsidiary Guarantor........................... 76 Section 10.7 12.07. Subrogation.............................................74 .............................................. 76 Section 10.8 12.08. Relative Rights.........................................75 .......................................... 77 Section 10.9 12.09. Subordination May Not Be Impaired by the Company........75 Subsidiary Guarantor................................................ 77 Section 10.10 12.10. Distribution or Notice to Representative................76 ................. 78 Section 10.11 12.11. Rights of Trustee and Paying Agent......................76 ....................... 78 Section 10.12 12.12. Authorization to Effect Subordination...................77 .................... 78 Section 10.13 12.13. Amendments..............................................77............................................... 79

Liquidation; Dissolution; Bankruptcy. 72 48 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ........................... 48 Section 10.4 10.04. Acceleration of Notes...................................74 ....................................... 49 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ......................... 49 Section 10.6 10.06. Notice by the Company...................................74 ........................................... 49 Section 10.7 10.07. Subrogation.............................................74 ................................................. 49 Section 10.8 10.08. Relative Rights.........................................75 ............................................. 49 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ................ 50 Section 10.10 10.10. Distribution or Notice to Representative................76 .................... 50 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 .......................... 50 Section 10.12 10.12. Authorization to Effect Subordination...................77 ....................... 50 Section 10.13 10.13. Amendments..............................................77.................................................. 51

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 37 SECTION 10.03. Default on Designated Senior Debt.......................73 Section 10.4 ................................... 38 SECTION 10.04. Acceleration of Notes...................................74 Section 10.5 Securities............................... 39 SECTION 10.05. When Distribution Must Be Paid Over.....................74 Section 10.6 ...................... 39 SECTION 10.06. Notice by the Company...................................74 Section 10.7 ........................................ 39 SECTION 10.07. Subrogation.............................................74 Section 10.8 .............................................. 39 SECTION 10.08. Relative Rights.........................................75 Section 10.9 .......................................... 40 SECTION 10.09. Subordination May Not Be Impaired by the Company........75 Section 10.10 Impaired........................ 40 SECTION 10.10. Distribution or Notice to Representative................76 Section 10.11 ................. 40 SECTION 10.11. Rights of Trustee and Paying Agent......................76 Section 10.12 ....................... 40 SECTION 10.12. Authorization to Effect Subordination...................77 Section 10.13 .................... 41 SECTION 10.13. Amendments..............................................77............................................... 41

Liquidation; Dissolution; Bankruptcy. 72 84 Section 10.3 9.03. Default on Designated Senior Debt.......................73 ........................... 86 Section 10.4 Acceleration of Notes...................................74 Section 10.5 9.04. When Distribution Distributions Must Be Paid Over.....................74 ........................ 86 Section 10.6 Notice by the Company...................................74 9.05. Notice...................................................... 87 Section 10.7 9.06. Subrogation.............................................74 ................................................. 87 Section 10.8 9.07. Relative Rights.........................................75 ............................................. 87 Section 10.9 Subordination 9.08. The Company and Holders May Not Be Impaired by the Company........75 Impair Subordination........ 88 Section 10.10 9.09. Distribution or Notice to Representative................76 .................... 89 Section 10.11 9.10. Rights of Trustee and Paying Agent......................76 .......................... 89 Section 10.12 9.11. Authorization to Effect Subordination...................77 ....................... 89 Section 10.13 Amendments..............................................779.12. Payment..................................................... 90 ARTICLE 10 ---------- Redemption of Securities ------------------------

Liquidation; Dissolution; Bankruptcy. 72 64 Section 10.3 10.04. Default on Designated Senior Debt.......................73 65 Section 10.4 10.05. Acceleration of Notes...................................74 Permitted Junior Securities.............65 Section 10.5 10.06. When Distribution Must Be Paid Over.....................74 65 Section 10.6 10.07. Notice by the Company...................................74 .......................................66 Section 10.7 10.08. Subrogation.............................................74 66 Section 10.8 10.09. Relative Rights.........................................75 66 Section 10.9 10.10. Subordination May Not Be Impaired by the Company........75 ............67 Section 10.10 10.11. Distribution or Notice to Representative................76 67 Section 10.11 10.12. Rights of Trustee and Paying Agent......................76 67 Section 10.12 10.13. Authorization to Effect Subordination...................77 67 Section 10.13 10.14. Amendments..............................................7767

Liquidation; Dissolution; Bankruptcy. 72 77 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ..........................78 Section 10.4 10.04. Acceleration of Notes...................................74 ......................................79 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ........................79 Section 10.6 10.06. Notice by the Company...................................74 Issuers..........................................79 Section 10.7 10.07. Subrogation.............................................74 ................................................79 Section 10.8 10.08. Relative Rights.........................................75 ............................................80 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 Issuers...............80 Section 10.10 10.10. Distribution or Notice to Representative................76 ...................80 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 .........................80 Section 10.12 10.12. Authorization to Effect Subordination...................77 ......................81 Section 10.13 10.13. Amendments..............................................77.................................................81

Liquidation; Dissolution; Bankruptcy. 72 65 Section 10.3 10.04. Default on Designated Senior Debt.......................73 Indebtedness......................... 65 Section 10.4 10.05. Acceleration of Notes...................................74 ............................................. 66 Section 10.5 10.06. When Distribution Must Be Paid Over.....................74 ............................... 66 Section 10.6 10.07. Notice by the Company...................................74 ................................................. 66 Section 10.7 10.08. Subrogation.............................................74 ....................................................... 67 Section 10.8 10.09. Relative Rights.........................................75 ................................................... 67 Section 10.9 10.10. Subordination May Not Be Impaired by the Company........75 ...................... 67 Section 10.10 10.11. Distribution or Notice to Representative................76 .......................... 67 Section 10.11 10.12. Rights of Trustee and Paying Agent......................76 ................................ 68 Section 10.12 10.13. Authorization to Effect Subordination...................77 ............................. 68 Section 10.13 10.14. Amendments..............................................77........................................................ 68

Liquidation; Dissolution; Bankruptcy. 72 88 Section 10.3 9.03. Default on Designated Senior Debt.......................73 .......................... 90 Section 10.4 Acceleration of Notes...................................74 Section 10.5 9.04. When Distribution Distributions Must Be Paid Over.....................74 ....................... 90 Section 10.6 Notice by the Company...................................74 9.05. Notice..................................................... 91 Section 10.7 9.06. Subrogation.............................................74 ................................................ 91 Section 10.8 9.07. Relative Rights.........................................75 ............................................ 92 Section 10.9 Subordination 9.08. The Company, the Guarantor and Holders May Not Be Impaired by the Company........75 Impair Subordination........................................................ 92 Section 10.10 9.09. Distribution or Notice to Representative................76 ................... 93 Section 10.11 9.10. Rights of Trustee and Paying Agent......................76 ......................... 93 Section 10.12 9.11. Authorization to Effect Subordination...................77 ...................... 94 Section 10.13 Amendments..............................................779.12. Payment.................................................... 94

Liquidation; Dissolution; Bankruptcy. 72 62 Section 10.3 10.03. Default on Designated Senior Debt.......................73 Debt ............................ 63 Section 10.4 10.04. Acceleration of Notes...................................74 Notes ........................................ 63 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 Over .......................... 63 Section 10.6 10.06. Notice by the Company...................................74 Company ............................................ 64 Section 10.7 Subrogation.............................................74 10.07. Subrogation .................................................. 64 Section 10.8 10.08. Relative Rights.........................................75 Rights .............................................. 64 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 Company ................. 65 Section 10.10 10.10. Distribution or Notice to Representative................76 Representative ..................... 65 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 Agent ........................... 65 Section 10.12 10.12. Authorization to Effect Subordination...................77 Subordination ........................ 65 Section 10.13 Amendments..............................................7710.13. Amendments ................................................... 66 Section 10.14. No Waiver of Subordination Provisions ........................ 66 Section 10.15. Certain Definitions .......................................... 66

Liquidation; Dissolution; Bankruptcy. 72 78 Section 10.3 Default 12.03.Default on Designated Senior Debt.......................73 ..........................79 Section 10.4 Acceleration 12.04.Acceleration of Notes...................................74 ......................................79 Section 10.5 When 12.05.When Distribution Must Be Paid Over.....................74 ........................79 Section 10.6 Notice 12.06.Notice by the Company...................................74 Companies....................................80 Section 10.7 Subrogation.............................................74 12.07.Subrogation................................................80 Section 10.8 Relative 12.08.Relative Rights.........................................75 ............................................80 Section 10.9 Subordination 12.09.Subordination May Not Be Impaired by the Company........75 Companies..................................................80 Section 10.10 Distribution 12.10.Distribution or Notice to Representative................76 ...................81 Section 10.11 Rights 12.11.Rights of Trustee and Paying Agent......................76 .........................81 Section 10.12 Authorization 12.12.Authorization to Effect Subordination...................77 ......................81 Section 10.13 Amendments..............................................7700.00.Xxxxx Moneys Not Subordinated..............................82

Liquidation; Dissolution; Bankruptcy. 72 78 Section 10.3 12.3. Default on Designated Senior Debt.......................73 Indebtedness........................ 79 Section 10.4 12.4. Acceleration of Notes...................................74 ................................. 79 Section 10.5 12.5. When Distribution Must Be be Paid Over.....................74 ................... 79 Section 10.6 12.6. Notice by the Company...................................74 ..................................... 80 Section 10.7 12.7. Subrogation.............................................74 ........................................... 80 Section 10.8 12.8. Relative Rights.........................................75 ....................................... 81 Section 10.9 12.9. Subordination May Not Be be Impaired by the Company........75 .......... 81 Section 10.10 12.10. Distribution or Notice to Representative................76 .............. 81 Section 10.11 12.11. Rights of Trustee and Paying Agent......................76 .................... 82 Section 10.12 12.12. Authorization to Effect Subordination...................77 ................. 82 Section 10.13 Amendments..............................................7712.13. Payment............................................... 82

Liquidation; Dissolution; Bankruptcy. 72 73 Section 10.3 10.03. Default on Designated Senior Debt.......................73 Indebtedness.................74 Section 10.4 10.04. Acceleration of Notes...................................74 .....................................75 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 .......................75 Section 10.6 10.06. Notice by the Company...................................74 Section 10.7 Subrogation.............................................74 Section 10.8 Relative Rights.........................................75 Section 10.9 10.07. Subrogation...............................................75 Section 10.08. Relative Rights...........................................76 Section 10.09. Subordination May Not Be Impaired by the Company........75 ..............76 Section 10.10 10.10. Distribution or Notice to Representative..................................76 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ........................77 Section 10.12 10.12. Authorization to Effect Subordination........................................77 Section 10.13 10.13. Amendments..............................................................................................77

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 83 SECTION 10.03. Default on Designated Senior Debt.......................73 Section 10.4 Debt ...........................83 SECTION 10.04. Acceleration of Notes...................................74 Section 10.5 Notes .......................................84 SECTION 10.05. When Distribution Must Be be Paid Over.....................74 Section 10.6 Over .........................84 SECTION 10.06. Notice by the Company...................................74 Section 10.7 SubrogationCompany ...........................................85 SECTION 10.07. Subrogation .................................................85 SECTION 10.08. Relative Rights .............................................74 Section 10.8 Relative Rights.........................................75 Section 10.9 85 SECTION 10.09. Subordination May Not Be be Impaired by the Company........75 Section 10.10 Company ................86 SECTION 10.10. Distribution or Notice to Representative................76 Section 10.11 Representative ....................86 SECTION 10.11. Rights of Trustee and Paying Agent......................76 Section 10.12 Agent ..........................86 SECTION 10.12. Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................77Subordination .......................87

Liquidation; Dissolution; Bankruptcy. 72 50 Section 10.3 11.04. Default on Designated Senior Debt.......................73 ..........................50 Section 10.4 11.05. Acceleration of Notes...................................74 Securities.................................51 Section 10.5 11.06. When Distribution Must Be Paid Over.....................74 ........................51 Section 10.6 11.07. Notice by the By Company...................................74 ..........................................52 Section 10.7 11.08. Subrogation.............................................74 ................................................52 Section 10.8 11.09. Relative Rights.........................................75 ............................................52 Section 10.9 11.10. Subordination May Not Be Impaired by the By Company........75 ...............53 Section 10.10 11.11. Distribution or Notice to To Representative................76 ...................53 Section 10.11 11.12. Rights of Trustee and Paying Agent......................76 .........................53 Section 10.12 11.13. Authorization to Effect Subordination...................77 ......................53 Section 10.13 11.14. Amendments..............................................77.................................................53 Article 12. MISCELLANEOUS.....................................................54 Section 12.01.

Liquidation; Dissolution; Bankruptcy. 72 47 Section 10.3 11.03 Default on Senior Debt and/or Designated Senior Debt.......................73 ........ 48 Section 10.4 11.04 Acceleration of Convertible Subordinated Notes...................................74 .............. 49 Section 10.5 11.05 When Distribution Must Be Paid Over.....................74 ......................... 49 Section 10.6 11.06 Notice by the Company...................................74 ........................................... 49 Section 10.7 11.07 Subrogation.............................................74 ................................................. 50 Section 10.8 11.08 Relative Rights.........................................75 ............................................. 50 Section 10.9 11.09 Subordination May Not Be Impaired by the Company........75 ................ 50 Section 10.10 11.10 Distribution or Notice to Representative................76 .................... 51 Section 10.11 11.11 Rights of Trustee and Paying Agent......................76 .......................... 51 Section 10.12 11.12 Authorization to Effect Subordination...................77 ....................... 51 Section 10.13 Amendments..............................................7711.13 Article Applicable to Paying Agents......................... 51 Section 11.14 Senior Debt Entitled to Rely................................ 52 Section 11.15

Liquidation; Dissolution; Bankruptcy. 72 31 Section 10.3 10.04. Default on Designated Senior Debt.......................73 .........................32 Section 10.4 10.05. Acceleration of Notes...................................74 Debentures.....................32 Section 10.5 10.06. When Distribution Must Be Paid Over.....................74 ............32 Section 10.6 10.07. Notice by the Company...................................74 ..............................33 Section 10.7 10.08. Subrogation.............................................74 ....................................33 Section 10.8 10.09. Relative Rights.........................................75 ................................33 Section 10.9 10.10. Subordination May Not Be Impaired by the Company........75 ...33 Section 10.10 10.11. Distribution or Notice to Representative................76 .......33 Section 10.11 10.12. Rights of Trustee and Paying Agent......................76 .............34 Section 10.12 10.13. Authorization to Effect Subordination...................77 ..........34 Section 10.13 10.14. Amendments..............................................77.....................................34

Liquidation; Dissolution; Bankruptcy. 72 61 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ................................. 61 Section 10.4 10.04. Acceleration of Notes...................................74 ............................................. 62 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ............................... 62 Section 10.6 10.06. Notice by the Company...................................74 ............................................. 62 Section 10.7 10.07. Subrogation.............................................74 ....................................................... 62 Section 10.8 10.08. Relative Rights.........................................75 ................................................... 62 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 .................. 63 Section 10.10 10.10. Distribution or Notice to Representative................76 .......................... 64 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ................................ 64 Section 10.12 10.12. Authorization to Effect Subordination...................77 ............................. 64 Section 10.13 10.13. Amendments..............................................77........................................................ 64

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 77 SECTION 10.03. Default on Designated Senior Debt.......................73 Section 10.4 ........................77 SECTION 10.04. Acceleration of Notes...................................74 Section 10.5 ....................................78 SECTION 10.05. When Distribution Must Be Paid Over.....................74 Section 10.6 ......................78 SECTION 10.06. Notice by the By Company...................................74 Section 10.7 ........................................79 SECTION 10.07. Subrogation.............................................74 Section 10.8 ..............................................79 SECTION 10.08. Relative Rights.........................................75 Section 10.9 ..........................................79 SECTION 10.09. Subordination May Not Be Impaired by the By Company........75 Section 10.10 .............79 SECTION 10.10. Distribution or Notice to Representative................76 Section 10.11 .................80 SECTION 10.11. Rights of Trustee and Paying Agent......................76 Section 10.12 .......................80 SECTION 10.12. Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................77....................80

Liquidation; Dissolution; Bankruptcy. 72 52 Section 10.3 12.4. Default on Designated Senior Debt.......................73 .......................................................52 Section 10.4 Acceleration of Notes...................................74 Section 10.5 12.5. When Distribution Must Be Paid Over.....................74 .....................................................53 Section 10.6 12.6. Notice by the Company...................................74 Parent....................................................................53 Section 10.7 12.7. Subrogation.............................................74 .............................................................................53 Section 10.8 12.8. Relative Rights.........................................75 .........................................................................53 Section 10.9 12.9. Subordination May Not Be Impaired by the Company........75 Parent.........................................54 Section 10.10 12.10. Distribution or Notice to Representative................76 ................................................54 Section 10.11 12.11. Rights of Trustee and Paying Administrative Agent......................76 ..........................................................54 Section 10.12 Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................7712.12

Liquidation; Dissolution; Bankruptcy. 72 74 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ..........................75 Section 10.4 10.04. Acceleration of Notes...................................74 Securities.................................75 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ........................75 Section 10.6 10.06. Notice by the Company...................................74 ..........................................76 Section 10.7 10.07. Subrogation.............................................74 ................................................76 Section 10.8 10.08. Relative Rights.........................................75 ............................................76 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ...............77 Section 10.10 10.10. Distribution or Notice to Representative................76 ...................77 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 .........................77 Section 10.12 10.12. Authorization to Effect Subordination.........................................77 Section 10.13 10.13. Amendments..............................................77.................................................78

Liquidation; Dissolution; Bankruptcy. 72 4 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ..............................4 Section 10.4 10.04. Acceleration of Notes...................................74 ..........................................5 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ............................5 Section 10.6 10.06. Notice by the Company...................................74 ..............................................5 Section 10.7 10.07. Subrogation.............................................74 ....................................................6 Section 10.8 10.08. Relative Rights.........................................75 ................................................6 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ...................6 Section 10.10 10.10. Distribution or Notice to Representative................76 .......................6 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 .............................7 Section 10.12 10.12. Authorization to Effect Subordination...................77 ..........................7 Section 10.13 10.13. Amendments..............................................77.....................................................7

Liquidation; Dissolution; Bankruptcy. 72 89 Section 10.3 12.03. Default on Designated Senior Debt.......................73 ..............................89 Section 10.4 12.04. Acceleration of Notes...................................74 ..........................................90 Section 10.5 12.05. When Distribution Must Be Paid Over.....................74 ............................90 Section 10.6 12.06. Notice by the Company...................................74 Subsidiary Guarantor.................................91 Section 10.7 12.07. Subrogation.............................................74 ....................................................91 Section 10.8 12.08. Relative Rights.........................................75 ................................................91 Section 10.9 12.09. Subordination May Not Be Impaired by the Company........75 Subsidiary Guarantors..........................................92 Section 10.10 12.10. Distribution or Notice to Representative................76 .......................93 Section 10.11 12.11. Rights of Trustee and Paying Agent......................76 .............................93 Section 10.12 12.12. Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................77..........................93

Liquidation; Dissolution; Bankruptcy. 72 31 Section 10.3 10.04. Default on Designated Senior Debt.......................73 .................................32 Section 10.4 10.05. Acceleration of Notes...................................74 Debentures.............................32 Section 10.5 10.06. When Distribution Must Be Paid Over.....................74 ....................32 Section 10.6 10.07. Notice by the Company...................................74 ......................................33 Section 10.7 10.08. Subrogation.............................................74 ............................................33 Section 10.8 10.09. Relative Rights.........................................75 ........................................33 Section 10.9 10.10. Subordination May Not Be Impaired by the Company........75 ...........33 Section 10.10 10.11. Distribution or Notice to Representative................76 ...............33 Section 10.11 10.12. Rights of Trustee and Paying Agent......................76 .....................34 Section 10.12 10.13. Authorization to Effect Subordination...................77 ..................34 Section 10.13 10.14. Amendments..............................................77.............................................34

Liquidation; Dissolution; Bankruptcy. 72 65 Section 10.3 10.04. Default on Designated Senior Debt.......................73 ......................... 66 Section 10.4 10.05. Acceleration of Notes...................................74 ..................................... 66 Section 10.5 10.06. When Distribution Must Be Paid Over.....................74 ....................... 66 Section 10.6 10.07. Notice by the Company...................................74 ......................................... 67 Section 10.7 10.08. Subrogation.............................................74 ............................................... 67 Section 10.8 10.09. Relative Rights.........................................75 ........................................... 67 Section 10.9 10.10. Subordination May Not Be Impaired by the Company........75 .............. 68 Section 10.10 10.11. Distribution or Notice to Representative................76 .................. 68 Section 10.11 10.12. Rights of Trustee and Paying Agent......................76 ........................ 68 Section 10.12 10.13. Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................77..................... 68

Liquidation; Dissolution; Bankruptcy. 72 36 Section 10.3 11.04. Default on Designated Senior Debt.......................73 ....................................................36 Section 10.4 11.05. Acceleration of Notes...................................74 Securities................................................37 Section 10.5 11.06. When Distribution Must Be Paid Over.....................74 .......................................37 Section 10.6 11.07. Notice by the Company...................................74 .........................................................37 Section 10.7 11.08. Subrogation.............................................74 ...............................................................37 Section 10.8 11.09. Relative Rights.........................................75 ...........................................................37 Section 10.9 11.10. Subordination May Not Be Impaired by the Company........75 ..............................38 Section 10.10 11.11. Distribution or Notice to Representative................76 ..................................38 Section 10.11 11.12. Rights of Trustee and Paying Agent......................76 Section 10.12 Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................77........................................38

Liquidation; Dissolution; Bankruptcy. 72 65 Section 10.3 10.03. Default on Designated Senior Debt.......................73 .......................... 65 Section 10.4 10.04. Acceleration of Notes...................................74 Securities................................. 66 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ........................ 66 Section 10.6 10.06. Notice by the By Company...................................74 .......................................... 66 Section 10.7 10.07. Subrogation.............................................74 ................................................ 66 Section 10.8 10.08. Relative Rights.........................................75 ............................................ 67 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ............... 67 Section 10.10 10.10. Distribution or Notice to Representative................76 ................... 67 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ......................... 68 Section 10.12 10.12. Authorization to Effect Subordination...................77 ...................... 68 Section 10.13 10.13. Amendments..............................................77................................................. 68 ARTICLE 11

Liquidation; Dissolution; Bankruptcy. 72 77 Section 10.3 10.03 Default on Designated Senior Debt.......................73 Indebtedness...............77 Section 10.4 10.04 Acceleration of Notes...................................74 78 Section 10.5 10.05 When Distribution Must Be Paid Over.....................74 78 Section 10.6 10.06 Notice by the Company...................................74 .......................................79 Section 10.7 10.07 Subrogation.............................................74 79 Section 10.8 10.08 Relative Rights.........................................75 79 Section 10.9 10.09 Subordination May Not Be Impaired by the Company........75 ............79 Section 10.10 Distribution or Notice to Representative................76 79 Section 10.11 Rights of Trustee and Paying Agent......................76 80 Section 10.12 Authorization to Effect Subordination...................77 80 Section 10.13 Amendments..............................................7780

Liquidation; Dissolution; Bankruptcy. 72 39 Section 10.3 10.03 Default on Designated Senior Debt.......................73 Indebtedness....................... 40 Section 10.4 Acceleration 10.04 No Suspension of Notes...................................74 Remedies............................ 41 Section 10.5 10.05 When Distribution Must Be Paid Over.....................74 .................. 41 Section 10.6 10.06 Notice by the Company...................................74 Xxxx XX.................................... 41 Section 10.7 10.07 Subrogation.............................................74 .......................................... 42 Section 10.8 10.08 Relative Rights.........................................75 ...................................... 42 Section 10.9 10.09 No Waiver of Subordination May Not Be Impaired by the Company........75 Provisions................ 42 Section 10.10 Distribution or Notice to Representative................76 ............. 43 Section 10.11 Rights of Trustee and Paying Agent......................76 ................... 43 Section 10.12 Authorization to Effect Subordination...................77 ; No Fiduciary Duty to Holders of Senior Indebtedness..... 43 Section 10.13 Amendments..............................................77Miscellaneous........................................ 44 ARTICLE 11 MISCELLANEOUS Section 11.01

Liquidation; Dissolution; Bankruptcy. 72 61 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ........................... 61 Section 10.4 10.04. Acceleration of Notes...................................74 ....................................... 61 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ......................... 61 Section 10.6 10.06. Notice by the Company...................................74 ....................................... 62 Section 10.7 10.07. Subrogation.............................................74 ................................................. 62 Section 10.8 10.08. Relative Rights.........................................75 ............................................. 62 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ............ 62 Section 10.10 10.10. Distribution or Notice to Representative................76 .................... 63 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 .......................... 63 Section 10.12 10.12. Authorization to Effect Subordination...................77 ....................... 64 Section 10.13 10.13. Amendments..............................................77.................................................. 64

Liquidation; Dissolution; Bankruptcy. 72 75 Section 10.3 10.03 Default on Designated Senior Debt.......................73 ...........................75 Section 10.4 10.04 Acceleration of Notes...................................74 .......................................76 Section 10.5 10.05 When Distribution Must Be Paid Over.....................74 .........................76 Section 10.6 10.06 Notice by the Company...................................74 ...........................................76 Section 10.7 10.07 Subrogation.............................................74 .................................................76 Section 10.8 10.08 Relative Rights.........................................75 .............................................77 Section 10.9 10.09 Subordination May Not Be Impaired by the Company........75 ................77 Section 10.10 Distribution or Notice to Representative................76 ....................77 Section 10.11 Rights of Trustee and Paying Agent......................76 ..........................77 Section 10.12 Authorization to Effect Subordination...................77 .......................78 Section 10.13 Amendments..............................................77..................................................78 Section 10.14 Trustee Not Fiduciary for Holders of Senior Indebtedness....78

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 84 SECTION 10.03. Default on Designated Senior Debt.......................73 Section 10.4 Indebtedness of the Company.................84 SECTION 10.04. Acceleration of Notes...................................74 Section 10.5 Payment of Securities.........................85 SECTION 10.05. When Distribution Must Be Paid Over.....................74 Section 10.6 Notice by the Company...................................74 Section 10.7 ...........................85 SECTION 10.06. Subrogation.............................................74 Section 10.8 ...................................................86 SECTION 10.07. Relative Rights.........................................75 Section 10.9 ...............................................86 SECTION 10.08. Subordination May Not Be Impaired by the Company........75 Section 10.10 Distribution or Notice to Representative................76 Section 10.11 ..................86 SECTION 10.09. Rights of Trustee and Paying Agent............................86 SECTION 10.10. Distribution or Notice to Representative......................76 Section 10.12 Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................7787

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 .. 68 SECTION 10.3. Default on Designated Senior Debt.......................73 Section 10.4 Indebtedness of the Company.............................................. 68 SECTION 10.4. Acceleration of Payment of Notes...................................74 Section 10.5 ........... 70 SECTION 10.5. When Distribution Must Be Paid Over.....................74 Section 10.6 Notice by the Company...................................74 Section 10.7 ........ 70 SECTION 10.6. Subrogation.............................................74 Section 10.8 ................................ 70 SECTION 10.7. Relative Rights.........................................75 Section 10.9 ............................ 70 SECTION 10.8. Subordination May Not Be Impaired by the Company........75 Section 10.10 Distribution or Notice to Representative................76 Section 10.11 . ......................................... 70 SECTION 10.9. Rights of Trustee and Paying Agent......................76 Section 10.12 Authorization ......... 70 SECTION 10.10. Distribution or Notice to Effect Subordination...................77 Section 10.13 Amendments..............................................77Repre- sentative............................................ 71

Liquidation; Dissolution; Bankruptcy. 72 81 Section 10.3 12.3 Default on Designated Guarantor Senior Debt.......................73 .............82 Section 10.4 12.4 Acceleration of Notes...................................74 Note Guarantees.........................82 Section 10.5 12.5 When Distribution Must Be Paid Over.....................74 83 Section 10.6 12.6 Notice by the Company...................................74 Subsidiary Guarantor..........................83 Section 10.7 12.7 Subrogation.............................................74 83 Section 10.8 12.8 Relative Rights.........................................75 84 Section 10.9 12.9 Subordination May Not Be Impaired by the Company........75 Subsidiary Guarantor...............................................84 Section 10.10 12.10 Distribution or Notice to Representative................76 85 Section 10.11 12.11 Rights of Trustee and Paying Agent......................76 85 Section 10.12 12.12 Authorization to Effect Subordination...................77 86 Section 10.13 12.13 Amendments..............................................7786

Liquidation; Dissolution; Bankruptcy. 72 90 Section 10.3 10.04. Default on Designated Senior Debt.......................73 ........................ 91 Section 10.4 10.05. Acceleration of Notes...................................74 Securities............................... 92 Section 10.5 10.06. When Distribution Must Be Paid Over.....................74 ...................... 92 Section 10.6 10.07. Notice by the Company...................................74 Company or Venetian............................ 92 Section 10.7 10.08. Subrogation.............................................74 .............................................. 92 Section 10.8 10.09. Relative Rights.........................................75 .......................................... 93 Section 10.9 10.10. Subordination May Not Be Impaired by the Company........75 Company or Venetian. 93 Section 10.10 10.11. Distribution or Notice to Representative................76 ................. 93 Section 10.11 10.12. Rights of Senior Subordinated Note Trustee and Paying Agent......................76 ............................................ 93 Section 10.12 10.13. Authorization to Effect Subordination...................77 .................... 94 Section 10.13 10.14. Amendments..............................................77............................................... 94

Liquidation; Dissolution; Bankruptcy. 72 71 Section 10.3 10.03. Default on Designated Senior Debt.......................73 .......................................... 71 Section 10.4 10.04. Acceleration of Notes...................................74 ...................................................... 72 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ........................................ 72 Section 10.6 10.06. Notice by the Company...................................74 .......................................................... 73 Section 10.7 10.07. Subrogation.............................................74 ................................................................ 73 Section 10.8 10.08. Relative Rights.........................................75 ............................................................ 73 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ............................... 73 Section 10.10 10.10. Distribution or Notice to Representative................76 ................................... 73 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ......................................... 74 Section 10.12 10.12. Authorization to Effect Subordination...................77 ...................................... 74 Section 10.13 10.13. Amendments..............................................77................................................................. 74

Liquidation; Dissolution; Bankruptcy. 72 68 Section 10.3 10.04. Default on Designated Senior Debt.......................73 69 Section 10.4 10.05. Acceleration of Notes...................................74 Securities..............................70 Section 10.5 10.06. When Distribution Must Be Paid Over.....................74 70 Section 10.6 10.07. Notice by the Company...................................74 .......................................70 Section 10.7 10.08. Subrogation.............................................74 70 Section 10.8 10.09. Relative Rights.........................................75 71 Section 10.9 10.10. Subordination May Not Be Impaired by the Company........75 ............71 Section 10.10 10.11. Distribution or Notice to Representative................76 71 Section 10.11 10.12. Rights of Trustee and Paying Agent......................76 71 Section 10.12 10.13. Authorization to Effect Subordination...................77 72 Section 10.13 10.14. Amendments..............................................7772

Liquidation; Dissolution; Bankruptcy. 72 Section 10.3 93 SECTION 10.03. Default on Designated Senior Debt.......................73 Section 10.4 Indebtedness of the Company ................................................ 94 SECTION 10.04. Acceleration of Notes...................................74 Section 10.5 Payment of Securities..................... 95 SECTION 10.05. When Distribution Must Be Paid Over.....................74 Section 10.6 Notice by the Company...................................74 Section 10.7 ....................... 95 SECTION 10.06. Subrogation.............................................74 Section 10.8 ............................................... 95 SECTION 10.07. Relative Rights.........................................75 Section 10.9 ........................................... 96 SECTION 10.08. Subordination May Not Be Impaired by the Company........75 Section 10.10 Distribution or Notice to Representative................76 Section 10.11 Company ................................................ 96 SECTION 10.09. Rights of Trustee and Paying Agent......................76 Section 10.12 Authorization ........................ 96 SECTION 10.10. Distribution or Notice to Effect Subordination...................77 Section 10.13 Amendments..............................................77Representative.......................................... 97

Liquidation; Dissolution; Bankruptcy. 72 116 Section 10.3 11.03 Default on On Designated Senior Debt.......................73 ............................................ 117 Section 10.4 11.04 Payment Permitted if No Default.............................................. 119 Section 11.05 Acceleration of Notes...................................74 ........................................................ 119 Section 10.5 11.06 When Distribution Must Be Paid Over.....................74 distribution must be paid over.......................................... 119 Section 10.6 11.07 Notice by the By The Company...................................74 ........................................................ 120 Section 10.7 11.08 Subrogation.............................................74 .................................................................. 120 Section 10.8 Relative Rights.........................................75 Section 10.9 Subordination May Not Be Impaired by the Company........75 Section 10.10 Distribution or Notice to Representative................76 Section 10.11 Rights of Trustee and Paying Agent......................76 Section 10.12 Authorization to Effect Subordination...................77 Section 10.13 Amendments..............................................7711.09

Liquidation; Dissolution; Bankruptcy. 72 65 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ............................66 Section 10.4 10.04. Acceleration of Notes...................................74 ........................................67 Section 10.5 10.05. When Distribution Must Be be Paid Over.....................74 ..........................67 Section 10.6 10.06. Notice by the By Company...................................74 ............................................67 Section 10.7 10.07. Subrogation.............................................74 ..................................................67 Section 10.8 10.08. Relative Rights.........................................75 ..............................................68 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 .................68 Section 10.10 10.10. Distribution or Notice to Representative................76 .....................68 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ...........................69 Section 10.12 10.12. Authorization to Effect Subordination...................77 ........................69 Section 10.13 10.13. Amendments..............................................77...................................................69

Liquidation; Dissolution; Bankruptcy. 72 66 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ......................... 66 Section 10.4 10.04. Acceleration of Notes...................................74 ..................................... 67 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ....................... 67 Section 10.6 10.06. Notice by the Company...................................74 ..................................... 67 Section 10.7 10.07. Subrogation.............................................74 ............................................... 67 Section 10.8 10.08. Relative Rights.........................................75 ........................................... 68 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 .......... 68 Section 10.10 10.10. Distribution or Notice to Representative................76 .................. 69 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ........................ 69 Section 10.12 10.12. Authorization to Effect Subordination...................77 ..................... 69 Section 10.13 10.13. Amendments..............................................77................................................ 70 PAGE

Liquidation; Dissolution; Bankruptcy. 72 77 Section 10.3 10.03. Default on Designated Senior Debt.......................73 ........................ 78 Section 10.4 10.04. Acceleration of Notes...................................74 .................................... 79 Section 10.5 10.05. When Distribution Must Be Paid Over.....................74 ...................... 79 Section 10.6 10.06. Notice by the Company...................................74 ........................................ 79 Section 10.7 10.07. Subrogation.............................................74 .............................................. 79 Section 10.8 10.08. Relative Rights.........................................75 .......................................... 80 Section 10.9 10.09. Subordination May Not Be Impaired by the Company........75 ................................................. 80 Section 10.10 10.10. Distribution or Notice to Representative................76 .......................................... 81 Section 10.11 10.11. Rights of Trustee and Paying Agent......................76 ....................... 81 Section 10.12 10.12. Authorization to Effect Subordination...................77 ........................................... 81 Section 10.13 10.13. Amendments..............................................77............................................... 81 ARTICLE 11.

Liquidation; Dissolution; Bankruptcy. 72 99 Section 10.3 11.03. Default on Designated Senior Debt.......................73 Debt of the Company....................100 Section 10.4 11.04. Acceleration of Payment of Notes...................................74 .........................101 Section 10.5 11.05. When Distribution Must Be Paid Over.....................74 ......................101 Section 10.6 Notice by the Company...................................74 11.06. Subrogation..............................................102 Section 10.7 Subrogation.............................................74 Section 10.8 11.07. Relative Rights.........................................75 ..........................................102 Section 10.9 11.08. Subordination May Not Be Impaired by the Company........75 .........102 Section 10.10 Distribution or Notice to Representative................76 Section 10.11 11.09. Rights of Trustee and Paying Agent......................76 .......................102 Section 10.12 Authorization 11.10. Distribution of Notice to Effect Subordination...................77 Representative.................103 Section 10.13 Amendments..............................................7711.11. Trust Moneys Not Subordinated............................103 Section 11.12. Trustee Entitled To Rely.................................103 Section 11.13.

Liquidation; Dissolution; Bankruptcy. 72 51 Section 10.3 13.3. Default on Designated Senior Debt.......................73 ......................52 Section 10.4 13.4. Acceleration of Notes...................................74 Securities.............................53 Section 10.5 13.5. When Distribution Must Be be Paid Over.....................74 ....................53 Section 10.6 13.6. Notice by the By Company...................................74 ......................................53 Section 10.7 13.7. Subrogation.............................................74 ............................................54 Section 10.8 13.8. Relative Rights.........................................75 ........................................54 Section 10.9 13.9. Subordination May Not Be Impaired by the Company........75 ...........54 Section 10.10 13.10. Distribution or Notice to Representative................76 ...............54 Section 10.11 13.11. Rights of Trustee and Paying Agent......................76 .....................55 Section 10.12 13.12. Authorization to Effect Subordination...................77 ..................55 Section 10.13 13.13. Amendments..............................................77.............................................55 Section 13.14. Subordination of Subsidiary Guarantees.................55 Section 13.15.