Common use of Payments of Notes on Default Clause in Contracts

Payments of Notes on Default. Suit Therefor 39 Section 6.05 . Application of Monies Collected by Trustee 40 Section 6.06 . Proceedings by Holders 41 Section 6.07 . Proceedings by Trustee 41 Section 6.08 . Remedies Cumulative and Continuing 42 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 42 Section 6.10 . Notice of Defaults 43 Section 6.11 . Undertaking to Pay Costs 43 Section 7.01 . Duties and Responsibilities of Trustee 43 Section 7.02 . Certain Rights of the Trustee 44

Payments of Notes on Default. Suit Therefor 39 38 Section 6.05 . Application of Monies Collected by Trustee 40 Section 6.06 . Proceedings by Holders 41 40 Section 6.07 . Proceedings by Trustee 41 Section 6.08 . Remedies Cumulative and Continuing 42 41 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 42 41 Section 6.10 . Notice of Defaults 43 42 Section 6.11 . Undertaking to Pay Costs 43 42 ARTICLE 7 CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 43 Section 7.02 . Certain Rights of the Trustee 44

Payments of Notes on Default. Suit Therefor 39 37 Section 6.05 . Application of Monies Collected by Trustee 40 39 Section 6.06 . Proceedings by Holders 41 40 Section 6.07 . Proceedings by Trustee 41 Section 6.08 . Remedies Cumulative and Continuing 42 41 Section 6.09 . Direction of Proceedings and Waiver ▇▇▇▇▇▇ of Defaults by Majority of Holders 42 41 Section 6.10 . Notice of Defaults 43 42 Section 6.11 . Undertaking to Pay Costs 43 42 ARTICLE 7CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 43 42 Section 7.02 . Certain Rights of the Trustee Reliance on Documents, Opinions, Etc. 44

Payments of Notes on Default. Suit Therefor 39 38 Section 6.05 . Application of Monies Collected by Trustee 40 39 Section 6.06 . Proceedings by Holders 41 39 Section 6.07 . Proceedings by Trustee 41 40 Section 6.08 . Remedies Cumulative and Continuing 42 40 Section 6.09 . Direction of Proceedings and Waiver ▇▇▇▇▇▇ of Defaults by Majority of Holders 42 41 Section 6.10 . Notice of Defaults 43 41 Section 6.11 . Undertaking to Pay Costs 43 42 CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 43 42 Section 7.02 . Certain Rights of the Trustee 4443

Payments of Notes on Default. Suit Therefor 39 36 Section 6.05 . Application of Monies Collected by Trustee 40 37 Section 6.06 . Proceedings by Holders 41 38 Section 6.07 . Proceedings by Trustee 41 38 Section 6.08 . Remedies Cumulative and Continuing 42 39 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 42 39 Section 6.10 . Notice of Defaults 43 40 Section 6.11 . Undertaking to Pay Costs 43 40 Article 7Concerning the Trustee Section 7.01 . Duties and Responsibilities of Trustee 43 40 Section 7.02 . Certain Rights of the Trustee 4441

Payments of Notes on Default. Suit Therefor 39 37 Section 6.05 . Application of Monies Collected by Trustee 40 38 Section 6.06 . Proceedings by Holders 41 39 Section 6.07 . Proceedings by Trustee 41 40 Section 6.08 . Remedies Cumulative and Continuing 42 40 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 42 41 Section 6.10 . Notice of Defaults 43 41 Section 6.11 . Undertaking to Pay Costs 43 41 ARTICLE 7 CONCERNING THE TRUSTEE 42 Section 7.01 . Duties and Responsibilities of Trustee 43 42 Section 7.02 . Certain Rights of the Trustee 44Reliance on Documents, Opinions, Etc 44 Section 7.03 No Responsibility for Recitals, Etc 45