Common use of Payments of Notes on Default Clause in Contracts

Payments of Notes on Default. Suit Therefor 36 Section 6.05 . Application of Monies Collected by Trustee 38 Section 6.06 . Proceedings by Holders 38 Section 6.07 . Proceedings by Trustee 39 Section 6.08 . Remedies Cumulative and Continuing 39 Section 6.09 . Direction of Proceedings and ▇▇▇▇▇▇ of Defaults by Majority of Holders 40 Section 6.10 . Notice of Defaults 41 Section 6.11 . Undertaking to Pay Costs 41 Section 7.01 . Duties and Responsibilities of Trustee 41 Section 7.02 . Certain Rights of the Trustee 43

Payments of Notes on Default. Suit Therefor 36 38 Section 6.05 . Application of Monies Collected by Trustee 38 39 Section 6.06 . Proceedings by Holders 38 39 Section 6.07 . Proceedings by Trustee 39 40 Section 6.08 . Remedies Cumulative and Continuing 39 40 Section 6.09 . Direction of Proceedings and ▇▇▇▇▇▇ of Defaults by Majority of Holders 40 41 Section 6.10 . Notice of Defaults 41 Section 6.11 . Undertaking to Pay Costs 41 42 CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 41 42 Section 7.02 . Certain Rights of the Trustee 43

Payments of Notes on Default. Suit Therefor 36 Section 6.05 . Application of Monies Collected by Trustee 38 37 Section 6.06 . Proceedings by Holders 38 Section 6.07 . Proceedings by Trustee 39 38 Section 6.08 . Remedies Cumulative and Continuing 39 Section 6.09 . Direction of Proceedings and ▇▇▇▇▇▇ Waiver of Defaults by Majority of Holders 40 39 Section 6.10 . Notice of Defaults 41 40 Section 6.11 . Undertaking to Pay Costs 41 40 Article 7Concerning the Trustee Section 7.01 . Duties and Responsibilities of Trustee 41 40 Section 7.02 . Certain Rights of the Trustee 4341

Payments of Notes on Default. Suit Therefor 36 38 Section 6.05 . Application of Monies Collected by Trustee 38 40 Section 6.06 . Proceedings by Holders 38 40 Section 6.07 . Proceedings by Trustee 39 41 Section 6.08 . Remedies Cumulative and Continuing 39 41 Section 6.09 . Direction of Proceedings and ▇▇▇▇▇▇ Waiver of Defaults by Majority of Holders 40 41 Section 6.10 . Notice of Defaults 41 42 Section 6.11 . Undertaking to Pay Costs 41 42 ARTICLE 7 CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 41 43 Section 7.02 . Certain Rights of the Trustee 4344

Payments of Notes on Default. Suit Therefor 36 39 Section 6.05 . Application of Monies Collected by Trustee 38 40 Section 6.06 . Proceedings by Holders 38 41 Section 6.07 . Proceedings by Trustee 39 41 Section 6.08 . Remedies Cumulative and Continuing 39 42 Section 6.09 . Direction of Proceedings and ▇▇▇▇▇▇ Waiver of Defaults by Majority of Holders 40 42 Section 6.10 . Notice of Defaults 41 43 Section 6.11 . Undertaking to Pay Costs 41 43 Section 7.01 . Duties and Responsibilities of Trustee 41 43 Section 7.02 . Certain Rights of the Trustee 4344

Payments of Notes on Default. Suit Therefor 36 38 Section 6.05 . Application of Monies Collected by Trustee 38 40 Section 6.06 . Proceedings by Holders 38 40 Section 6.07 . Proceedings by Trustee 39 41 Section 6.08 . Remedies Cumulative and Continuing 39 41 Section 6.09 . Direction of Proceedings and ▇▇▇▇▇▇ Waiver of Defaults by Majority of Holders 40 41 Section 6.10 . Notice of Defaults 41 42 Section 6.11 . Undertaking to Pay Costs 41 42 Section 7.01 . Duties and Responsibilities of Trustee 41 43 Section 7.02 . Certain Rights of the Trustee 4344

Payments of Notes on Default. Suit Therefor 36 37 Section 6.05 . Application of Monies Collected by Trustee 38 39 Section 6.06 . Proceedings by Holders 38 40 Section 6.07 . Proceedings by Trustee 39 41 Section 6.08 . Remedies Cumulative and Continuing 39 41 Section 6.09 . Direction of Proceedings and ▇▇▇▇▇▇ of Defaults by Majority of Holders 40 41 Section 6.10 . Notice of Defaults 41 42 Section 6.11 . Undertaking to Pay Costs 41 42 ARTICLE 7CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 41 42 Section 7.02 . Certain Rights of the Trustee 43Reliance on Documents, Opinions, Etc. 44