Common use of Securities Subordinated to Senior Debt Clause in Contracts

Securities Subordinated to Senior Debt. 31 10.02. Company Not to Make Payments with Respect to Securities in Certain Circumstances........................................... 32 10.03. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company........... 32 10.04. Securityholders to be Subrogated to Right of Holders of Senior Debt............................................................ 33 10.05. Obligation of the Company Unconditional.......................... 33 10.06. Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice.......................................................... 34 10.07. Application by Trustee of Monies or U.S. Government Obligations Deposited with It............................................... 34 10.08. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt....................................... 35 10.09. Securityholders Authorize Trustee to Effective Subordination of Securities...................................................... 35 10.10. Right of Trustee to Hold Senior Debt............................. 35 10.11. Article Ten Not to Prevent Events of Default..................... 35 ARTICLE ELEVEN Conversion 11.01. Applicability of Article......................................... 35 11.02.

Securities Subordinated to Senior Debt. 31 32 10.02. Company Not to Make Payments with Respect to Securities in Certain Circumstances........................................... 32 ............................................ 33 10.03. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company........... 32 33 10.04. Securityholders to be Subrogated to Right of Holders of Senior Debt............................................................ 33 ............................................................. 34 10.05. Obligation of the Company Unconditional.......................... 33 10.06. 34 Trustee Entitled to Assume Payments Not Prohibited in Absence of 10.06. Notice.......................................................... 34 ........................................................... 35 10.07. Application by Trustee of Monies or U.S. Government Obligations Deposited with It............................................... 34 ................................................ 35 10.08. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt....................................... 35 36 10.09. Securityholders Authorize Trustee to Effective Effectuate Subordination of Securities...................................................... 35 ....................................................... 36 10.10. Right of Trustee to Hold Senior Debt............................. 35 36 10.11. Article Ten Not to Prevent Events of Default..................... 35 36 ARTICLE ELEVEN Conversion 11.01. Applicability of Article......................................... 35 36 11.02.

Securities Subordinated to Senior Debt. 31 10.02. Company Not to Make Payments with Respect to Securities in 10.02. Certain Circumstances........................................... 32 10.03. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company........... 32 10.04. Securityholders to be Subrogated to Right of Holders of Senior Debt............................................................ ............................................................. 33 10.05. Obligation of the Company Unconditional.......................... 33 10.06. Trustee Entitled to Assume Payments Not Prohibited in Absence of 10.06. Notice.......................................................... ........................................................... 34 10.07. Application by Trustee of Monies or U.S. Government Obligations 10.07. Deposited with It............................................... ................................................ 34 10.08. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt....................................... 35 10.09. Securityholders Authorize Trustee to Effective Subordination of 10.09. Securities...................................................... ....................................................... 35 10.10. Right of Trustee to Hold Senior Debt............................. 35 10.11. Article Ten Not to Prevent Events of Default..................... 35 ARTICLE ELEVEN Conversion 11.01. Applicability of Article......................................... 35 11.02.

Securities Subordinated to Senior Debt. 31 10.02. Company Not to Make Payments with Respect to Securities in 10.02. Certain Circumstances........................................... 32 10.03. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company........... 32 10.04. Securityholders to be Subrogated to Right of Holders of Senior Debt............................................................ ............................................................. 33 10.05. Obligation of the Company Unconditional.......................... 33 10.06. Trustee Entitled to Assume Payments Not Prohibited in Absence of 10.06. Notice.......................................................... ........................................................... 34 10.07. Application by Trustee of Monies or U.S. Government Obligations 10.07. Deposited with It............................................... ................................................ 34 10.08. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt....................................... 35 10.09. Securityholders Authorize Trustee to Effective Subordination of 10.09. Securities...................................................... ....................................................... 35 10.10. Right of Trustee to Hold Senior Debt............................. 35 10.11. Article Ten Not to Prevent Events of Default..................... 35 ARTICLE ELEVEN Conversion 11.01. Applicability of Article......................................... 35 11.02.Miscellaneous

Securities Subordinated to Senior Debt. 31 10.02. 32 Company Not to Make Payments with Respect to Securities in 10.02. Certain Circumstances........................................... 32 ............................................ 33 10.03. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company........... 32 10.04. 33 Securityholders to be Subrogated to Right of Holders of Senior 10.04. Debt............................................................ 33 ............................................................. 34 10.05. Obligation of the Company Unconditional.......................... 33 10.06. 34 Trustee Entitled to Assume Payments Not Prohibited in Absence of 10.06. Notice.......................................................... 34 10.07. ........................................................... 35 Application by Trustee of Monies or U.S. Government Obligations 10.07. Deposited with It............................................... 34 ................................................ 35 10.08. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt....................................... 35 10.09. 36 Securityholders Authorize Trustee to Effective Effectuate Subordination of 10.09. Securities...................................................... 35 ....................................................... 36 10.10. Right of Trustee to Hold Senior Debt............................. 35 36 10.11. Article Ten Not to Prevent Events of Default..................... 35 36 ARTICLE ELEVEN Conversion 11.01. Applicability of Article......................................... 35 11.02.Miscellaneous

Securities Subordinated to Senior Debt. 31 32 10.02. Company Not to Make Payments with Respect to Securities in Certain Circumstances........................................... 32 33 10.03. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company........... 32 33 10.04. Securityholders to be Subrogated to Right of Holders of Senior Debt............................................................ 33 34 10.05. Obligation of the Company Unconditional.......................... 33 34 10.06. Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice.......................................................... 34 ......................................................... 35 10.07. Application by Trustee of Monies or U.S. Government Obligations Deposited with It............................................... 34 35 10.08. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt....................................... 35 36 10.09. Securityholders Authorize Trustee to Effective Effectuate Subordination of Securities...................................................... 35 ..................................................... 36 10.10. Right of Trustee to Hold Senior Debt............................. 35 36 10.11. Article Ten Not to Prevent Events of Default..................... 35 36 ARTICLE ELEVEN Conversion 11.01. Applicability of Article......................................... 35 11.02.Conversion

Securities Subordinated to Senior Debt. 31 10.02. 32 Company Not to Make Payments with Respect to Securities in 10.02. Certain Circumstances........................................... 32 ............................................ 33 10.03. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company........... 32 10.04. 33 Securityholders to be Subrogated to Right of Holders of Senior 10.04. Debt............................................................ 33 ............................................................. 34 10.05. Obligation of the Company Unconditional.......................... 33 10.06. 34 Trustee Entitled to Assume Payments Not Prohibited in Absence of 10.06. Notice.......................................................... 34 10.07. ........................................................... 35 Application by Trustee of Monies or U.S. Government Obligations 10.07. Deposited with It............................................... 34 ................................................ 35 10.08. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt....................................... 35 10.09. 36 Securityholders Authorize Trustee to Effective Effectuate Subordination of 10.09. Securities...................................................... 35 ....................................................... 36 10.10. Right of Trustee to Hold Senior Debt............................. 35 36 10.11. Article Ten Not to Prevent Events of Default..................... 35 36 ARTICLE ELEVEN Conversion 11.01. Applicability of Article......................................... 35 36 11.02.

Securities Subordinated to Senior Debt. 31 10.02. Company Not to Make Payments with Respect to Securities in Certain Circumstances........................................... 32 10.03. Securities Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of Company........... 32 10.04. Securityholders to be Subrogated to Right of Holders of Senior Debt............................................................ 33 10.05. Obligation of the Company Unconditional.......................... 33 10.06. Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice.......................................................... 34 10.07. Application by Trustee of Monies or U.S. Government Obligations Deposited with It............................................... 34 10.08. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Debt....................................... 35 10.09. Securityholders Authorize Trustee to Effective Subordination of Securities...................................................... 35 10.10. Right of Trustee to Hold Senior Debt............................. 35 10.11. Article Ten Not to Prevent Events of Default..................... 35 ARTICLE ELEVEN Conversion 11.01. Applicability of Article......................................... 35 11.02.Conversion