Common use of SECTION 1301 Clause in Contracts

SECTION 1301. NOTES SUBORDINATE TO SENIOR INDEBTEDNESS....................65 SECTION 1302. PAYMENT OVER OF PROCEEDS UPON DISSOLUTION, ETC..............66 SECTION 1303. SUSPENSION OF PAYMENT WHEN SENIOR INDEBTEDNESS IN DEFAULT...67 SECTION 1304 . PAYMENT PERMITTED IF NO DEFAULT............................68 SECTION 1305. SUBROGATION TO RIGHTS OF HOLDERS OF SENIOR INDEBTEDNESS.....68 SECTION 1306 PROVISIONS SOLELY TO DEFINE RELATIVE RIGHTS..................68 SECTION 1307.

SECTION 1301. NOTES SUBORDINATE TO SENIOR INDEBTEDNESS....................65 .......................46 SECTION 1302. PAYMENT OVER OF PROCEEDS UPON DISSOLUTION, ETC..............66 .................47 SECTION 1303. SUSPENSION OF PAYMENT WHEN SENIOR INDEBTEDNESS IN DEFAULT...67 ......47 SECTION 1304 . PAYMENT PERMITTED IF NO DEFAULT............................68 ...............................48 SECTION 1305. SUBROGATION TO RIGHTS OF HOLDERS OF SENIOR INDEBTEDNESS.....68 ........48 SECTION 1306 PROVISIONS SOLELY TO DEFINE RELATIVE RIGHTS..................68 .....................48 SECTION 1307.