SECTION 1308 Clause Samples

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Indebtedness . . . . . . . .

SECTION 1308. Subordination May Not Be Impaired...............................75 SECTION 1309. Article Applicable to Paying Agents.............................76 SECTION 1310. Defeasance of this Article......................................76 SECTION 1311. Subordination Language to be Included in Securities.............76

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness. . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 SECTION 1309. Trustee to Effectuate Subordination of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . 66 SECTION 1310. Right of Trustee to Hold Senior Indebtedness. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 SECTION 1311. Article Thirteen Not to Prevent Events of Default. . . . . . . . . . . . . . . . . . . . . . . . . . . 66 SECTION 1312. No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. . . . . . . . . . . . . . . . . . . . 66 SECTION 1313. Article Applicable to Paying Agent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 ARTICLE FOURTEEN MEETINGS OF HOLDERS OF SECURITIES

SECTION 1308. Subordination May Not Be Impaired..............................81 SECTION 1309. Article Applicable to Paying Agents............................82 SECTION 1310. Defeasance of this Article.....................................82 SECTION 1311. Subordination Language to be Included in Securities............82 INDENTURE, dated as of , 200 , between 360networks inc., a corporation continued under the laws of Nova Scotia (herein called the "Company" or the "Issuer"), having its principal office at ▇▇▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ and , a existing under the laws of , as trustee hereunder (herein called the "Trustee").

SECTION 1308. Additional Guarantors..................................................69

SECTION 1308. Notice to Holders of the Securities Prior to Taking Certain Types of Action.........88

SECTION 1308. NO WAIVER OF SUBORDINATION PROVISIONS. . . . . . . . . . . . . 78

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness.................................................65 SECTION 1309. Trustee to Effectuate Subordination of Securities.................................................66 SECTION 1310. Right of Trustee to Hold Senior Indebtedness......................................................66 SECTION 1311. Article Thirteen Not to Prevent Events of Default.................................................66 SECTION 1312. No Fiduciary Duty of Trustee to Holders of Senior Indebtedness....................................66 SECTION 1313. Article Applicable to Paying Agent................................................................67 ARTICLE FOURTEEN MEETINGS OF HOLDERS OF SECURITIES

SECTION 1308. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt . . . . . . . . . . . . . . . . . . . . . 87 SECTION 1309. Holders of Securities Authorize Trustee to Effectuate Subordination of Securities . . . . 89