Common use of Ranking; Subordination Clause in Contracts

Ranking; Subordination. For the avoidance of doubt, the Series A-1 Notes shall rank on a parity with all Securities of other series issued under the Base Indenture, as well as the CAP Obligations. Section 14.9 of the Base Indenture shall be deemed amended, solely for purposes of the Series A-1 Notes, by inserting the words “beyond any grace period” immediately following the words “In the event and during the continuation of any default” at the beginning thereof.

Ranking; Subordination. For the avoidance of doubt, the Series A-1 A-2 Notes shall rank on a parity with all Securities of other series issued under the Base Indenture, as well as the CAP Obligations. Section 14.9 of the Base Indenture shall be deemed amended, solely for purposes of the Series A-1 A-2 Notes, by inserting the words “beyond any grace period” immediately following the words “In the event and during the continuation of any default” at the beginning thereof.

Ranking; Subordination. For the avoidance of doubt, the Series A-1 A Notes shall rank on a parity with all Securities of other series issued under the Base Indenture, as well as the CAP Obligations. Section 14.9 of the Base Indenture shall be deemed amended, solely for purposes of the Series A-1 A Notes, by inserting the words “beyond any grace period” immediately following the words “In the event and during the continuation of any default” at the beginning thereof.