$100,000 Uses in Method of Payment Clause

Method of Payment from Deferred Compensation Plan

XL Group plc (the Company) adopted the XL Group plc Supplemental Deferred Compensation Plan (the Plan), effective as of January 1, 2000. Except as otherwise provided below, the Plan is hereby amended and restated effective January 1, 2007, to comply with Code Section 409A, as enacted by the American Jobs Creation Act of 2004 and applicable regulations thereunder; provided, however, that any provision required to be effective on and after January 1, 2005 in order for the Plan to comply with Code Section 409A shall become effective as of January 1, 2005 (or such later date as shall be permitted under applicable Code Section 409A transition rules).

Method of Payment. 6.5.1. Lump Sum Payment. Distribution of a Participants Account pursuant to Section 6.1, 6.3 or 6.4, may be made in a cash lump sum. 6.5.2. Installment Distribution. A Participant requesting distribution of an Account pursuant to Section 6.4 may, with the approval of the Administrator, receive distribution in periodic payments in lieu of a lump sum. Periodic payments shall be paid on an annual or quarterly basis, as permitted by the Administrator and elected by the Participant, over a period that does not exceed eleven (11) years. Each installment payment shall be determined by dividing the Participants then-current Account balance by the number of payments remaining to be paid; provided, however, that if the Participants (or Beneficiarys) aggregate vested Account balance is less than $100,000 at the time distributions commence due to Termination of Employment, the entire vested account balance shall be paid in a single lump sum payment at the time the Participants (or Beneficiarys) initial installment distribution would otherwise be paid. The Administrator may establish uniform and nondiscriminatory rules and procedures governing the payment of installment distributions, including the maximum period over which installment distributions shall be made and the minimum amount which must be distributed in each installment, as the Administrator deems appropriate. 6.5.3. Death of Participant or Beneficiary During Installment Distribution Period. If a Participant who has elected installment payments under Section 6.5.2 dies after payments have commenced but before all amounts held in the Account have been distributed, then to the extent permitted by the Administrator at the time of the Participants deferral election, any remaining Account balance shall be paid to the Beneficiary or Beneficiaries designated by the Participant over the then remaining installment period, or if the Participant has so elected, in a single lump sum payment as soon as practicable following the Participants death. If the designated Beneficiary dies after the Participant but before all amounts held in the Account have been distributed, the then remaining balance in the Participants Account shall be distributed in a lump sum payment to the Beneficiarys estate as provided in Section 6.5.1 (except to the extent that the Participant has designated one or more contingent Beneficiaries) as soon as practicable after the Beneficiarys death. 6.5.4. Limit on Distribution Method. Notwithstanding the foregoing, to the extent permitted under Section 409A, if the Deferred Compensation Account does not exceed $100,000 at the time distributions commence due to the Participants Termination of Employment, the distribution shall be made in a single lump-sum payment.

Method of Payment from Trust Agreement

TRUST AGREEMENT, dated as of April 30, 2009, between Navistar Financial Retail Receivables Corporation, a Delaware corporation, as Seller, and Deutsche Bank Trust Company Delaware, a Delaware banking corporation, as Owner Trustee.

Method of Payment. Subject to Section 7.1(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date (i) by wire transfer, in immediately available funds, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor or, where possible, by intra-bank book entry credit, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Record Date and the distribution required to be made to such Certificateholders exceeds $100,000 or (ii) by check mailed to such Certificateholder at the address of such Certificateholder appearing in the Certificate Register.

Method of Payment from Trust Agreement

TRUST AGREEMENT, dated as of July 28, 2008, between Navistar Financial Retail Receivables Corporation, a Delaware corporation, as Seller, and Deutsche Bank Trust Company Delaware, a Delaware banking corporation, as Owner Trustee.

Method of Payment. Subject to Section 7.1(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date (i) by wire transfer, in immediately available funds, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor or, where possible, by intra-bank book entry credit, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Record Date and the distribution required to be made to such Certificateholders exceeds $100,000 or (ii) by check mailed to such Certificateholder at the address of such Certificateholder appearing in the Certificate Register.

Method of Payment from Trust Agreement

TRUST AGREEMENT, dated as of April 25, 2008, between Navistar Financial Retail Receivables Corporation, a Delaware corporation, as Seller, and Deutsche Bank Trust Company Delaware, a Delaware banking corporation, as Owner Trustee.

Method of Payment. Subject to Section 7.1(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date (i) by wire transfer, in immediately available funds, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor or, where possible, by intra-bank book entry credit, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Record Date and the distribution required to be made to such Certificateholders exceeds $100,000 or (ii) by check mailed to such Certificateholder at the address of such Certificateholder appearing in the Certificate Register.

Method of Payment from Trust Agreement

TRUST AGREEMENT, dated as of November 28, 2007, between Navistar Financial Retail Receivables Corporation, a Delaware corporation, as Seller, and Deutsche Bank Trust Company Delaware, a Delaware banking corporation, as Owner Trustee.

Method of Payment. Subject to Section 7.1(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date (i) by wire transfer, in immediately available funds, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor or, where possible, by intra-bank book entry credit, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Record Date and the distribution required to be made to such Certificateholders exceeds $100,000 or (ii) by check mailed to such Certificateholder at the address of such Certificateholder appearing in the Certificate Register.

Method of Payment

NAVIOS MARITIME HOLDINGS INC., a Marshall Islands corporation, as issuer, (the COMPANY), for value received promises to pay to CEDE & CO. or its registered assigns, the principal sum of THREE HUNDRED MILLION U.S. dollars or such other amount as is provided in a schedule attached hereto on December 15, 2014.

Method of Payment. The Company shall pay interest on the Notes to the Persons who are registered Holders at the close of business on the June 1 or December 1 next preceding the Interest Payment Date, even if such Notes are canceled after such Record Date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture dated December 18, 2006 by and among the Company, the Guarantors (as defined therein) and the Trustee, with respect to defaulted interest. The Notes shall be issued in denominations of $1,000 and integral multiples of $1,000 in excess thereof. The Company shall pay principal, premium, if any, and interest on the Notes in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts (U.S. LEGAL TENDER). Principal, premium, if any, and interest on the Notes shall be payable at the office or agency of the Company maintained in the United States for such purpose except that, at the option of the Company, the payment of interest may be made by check mailed to the Holders at their respective addresses set forth in the register of Holders; provided that for Holders owning at least $100,000 aggregate principal amount of Notes that have given wire transfer instructions to the Company at least ten (10) Business Days prior to the applicable payment date, the Company shall make all payments of principal, interest and premium by wire transfer of immediately available funds to the accounts specified by the Holders thereof. Until otherwise designated by the Company, the Companys office or agency in the United States shall be the office of the Trustee maintained for such purpose.

Method of Payment from Trust Agreement

TRUST AGREEMENT, dated as of February 16, 2007, between Navistar Financial Retail Receivables Corporation, a Delaware corporation, as Seller, and Deutsche Bank Trust Company Delaware, a Delaware banking corporation, as Owner Trustee.

Method of Payment. Subject to Section 7.1(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date (i) by wire transfer, in immediately available funds, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor or, where possible, by intra-bank book entry credit, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Record Date and the distribution required to be made to such Certificateholders exceeds $100,000 or (ii) by check mailed to such Certificateholder at the address of such Certificateholder appearing in the Certificate Register.

Method of Payment from Trust Agreement

TRUST AGREEMENT, dated as of October 20, 2006 between Navistar Financial Retail Receivables Corporation, a Delaware corporation, as Seller, and Chase Bank USA, National Association, a national banking association, as Owner Trustee.

Method of Payment. Subject to Section 7.1(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date (i) by wire transfer, in immediately available funds, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor or, where possible, by intra-bank book entry credit, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Record Date and the distribution required to be made to such Certificateholders exceeds $100,000 or (ii) by check mailed to such Certificateholder at the address of such Certificateholder appearing in the Certificate Register.

Method of Payment from Trust Agreement

TRUST AGREEMENT, dated as of September 1, 2006 between Navistar Financial Retail Receivables Corporation, a Delaware corporation, as Seller, and Chase Bank USA, National Association, a national banking association, as Owner Trustee.

Method of Payment. Subject to Section 7.1(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date (i) by wire transfer, in immediately available funds, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor or, where possible, by intra-bank book entry credit, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Record Date and the distribution required to be made to such Certificateholders exceeds $100,000 or (ii) by check mailed to such Certificateholder at the address of such Certificateholder appearing in the Certificate Register.

Method of Payment from Revolving Credit Agreement

REVOLVING CREDIT AGREEMENT (this Agreement) dated as of June 28, 2006 among VORNADO REALTY L.P., a limited partnership organized and existing under the laws of the State of Delaware (Borrower), VORNADO REALTY TRUST, a real estate investment trust organized and existing under the laws of the State of Maryland and the sole general partner of Borrower (General Partner), JPMORGAN CHASE BANK, N.A., as agent for the Banks (in such capacity, together with its successors in such capacity, Administrative Agent), BANK OF AMERICA, N.A. and CITICORP NORTH AMERICA, INC., as Syndication Agents, DEUTSCHE BANK TRUST COMPANY AMERICAS, LASALLE BANK NATIONAL ASSOCIATION, and UBS LOAN FINANCE LLC, as Documentation Agents, and JPMORGAN CHASE BANK, N.A., in its individual capacity and not as Administrative Agent, and the other lenders signatory hereto (said lenders signatory hereto and the lenders who from time to time become Banks pursuant to Section 3.07 or 12.05 and, if applicable, any of the foregoing l

Method of Payment. Borrower shall make each payment under this Agreement and under the Notes not later than 1:00 p.m. (New York time) on the date when due in Dollars to Administrative Agent at Administrative Agents Office in immediately available funds. Borrower shall deliver federal reference number(s) evidencing the applicable wire transfer(s) to Administrative Agent as soon as available thereafter on such day. Administrative Agent will thereafter, on the day of its receipt of each such payment(s), cause to be distributed to each Bank (1) such Banks appropriate share (based upon the respective outstanding principal amounts and interest due under the Notes of the Banks) of the payments of principal and interest in like funds for the account of such Banks Applicable Lending Office; and (2) fees payable to such Bank in accordance with the terms of this Agreement. If and to the extent that the Administrative Agent shall receive any such payment for the account of the Banks on or before 11:00 a.m. (New York time) on any Business Day, and Administrative Agent shall not have distributed to any Bank its applicable share of such payment on such day, Administrative Agent shall distribute such amount to such Bank together with interest thereon paid by the Administrative Agent, for each day from the date such amount should have been distributed to such Bank until the date Administrative Agent distributes such amount to such Bank, at the Prime Rate. Except to the extent provided in this Agreement, whenever any payment to be made under this Agreement or under the Notes is due on any day other than a Banking Day, such payment shall be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of the payment of interest and other fees, as the case may be.