Common use of SECTION 1404 Clause in Contracts

SECTION 1404. No Payment When Senior Debt in Default................... 57 Section 1405. Payment Permitted in Certain Situations.................. 58 Section 1406. Subrogation to Rights of Holders of Senior Debt.......... 58

SECTION 1404. No Payment When Senior Debt in Default................... ................................................... 57 Section 1405. Payment Permitted in Certain Situations.................. .................................................. 58 Section 1406. Subrogation to Rights of Holders of Senior Debt.......... .......................................... 58

SECTION 1404. No Payment When Senior Debt Indebtedness in Default................... 57 Section .....................................63 SECTION 1405. Payment Permitted in Certain Situations.................. 58 Section ............................................64 SECTION 1406. Subrogation to Rights of Holders of Senior Debt.......... 58Indebtedness............................64

SECTION 1404. No Payment When Senior Debt in Default................... 57 .................68 Section 1405. Payment Permitted in Certain Situations.................. 58 ................69 Section 1406. Subrogation to Rights of Holders of Senior Debt.......... 58........70

SECTION 1404. No Payment When Senior Debt in Default................... 57 ...............................................60 Section 1405. Payment Permitted in Certain Situations.................. 58 ..............................................60 Section 1406. Subrogation to Rights of Holders of Senior Debt.......... 58......................................61

SECTION 1404. No Payment When Senior Debt in Default................... 57 ........................................77 Section 1405. Payment Permitted in Certain Situations.................. 58 .......................................78 Section 1406. Subrogation to Rights of Holders of Senior Debt.......... 58...............................78

SECTION 1404. No Payment When Senior Debt in Default................... ..................... 57 Section 1405. Payment Permitted in Certain Situations.................. .................... 58 Section 1406. Subrogation to Rights of Holders of Senior Debt.......... ............ 58

SECTION 1404. No Payment When Senior Debt Indebtedness in Default................... 57 ...................................... 87 Section 1405. Payment Permitted in Certain Situations.................. 58 Acknowledgment of Reliance...................... 87 Section 1406. Subrogation to Rights of Holders of Senior Debt.......... 58Indebtedness............................. 87

SECTION 1404. No Payment When Senior Debt in Default................... 57 ........................................77 Section 1405. Payment Permitted in Certain Situations.................. 58 Section 1406. Subrogation to Rights of Holders of Senior Debt.......... 58.......................................78