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 37 Section 6.06 . Proceedings by Holders 38 Section 6.07 . Proceedings by Trustee 38 Section 6.08 . Remedies Cumulative and Continuing 39 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 39 Section 6.10 . Notice of Defaults 40 Section 6.11 . Undertaking to Pay Costs 40 Article 7Concerning the Trustee Section 7.01 . Duties and Responsibilities of Trustee 40 Section 7.02 . Certain Rights of the Trustee 41

Payments of Notes on Default. Suit Therefor 36 38 Section 6.05 . Application of Monies Collected by Trustee 37 40 Section 6.06 . Proceedings by Holders 38 40 Section 6.07 . Proceedings by Trustee 38 41 Section 6.08 . Remedies Cumulative and Continuing 39 41 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 39 41 Section 6.10 . Notice of Defaults 40 42 Section 6.11 . Undertaking to Pay Costs 40 Article 7Concerning the Trustee 42 ARTICLE 7 CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 40 43 Section 7.02 . Certain Rights of the Trustee 4144

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

Payments of Notes on Default. Suit Therefor 36 39 Section 6.05 . Application of Monies Collected by Trustee 37 40 Section 6.06 . Proceedings by Holders 38 41 Section 6.07 . Proceedings by Trustee 38 41 Section 6.08 . Remedies Cumulative and Continuing 39 42 Section 6.09 . Direction of Proceedings and Waiver of Defaults by Majority of Holders 39 42 Section 6.10 . Notice of Defaults 40 43 Section 6.11 . Undertaking to Pay Costs 40 Article 7Concerning the Trustee 43 Section 7.01 . Duties and Responsibilities of Trustee 40 43 Section 7.02 . Certain Rights of the Trustee 4144

Payments of Notes on Default. Suit Therefor 36 38 Section 6.05 . Application of Monies Collected by Trustee 37 39 Section 6.06 . Proceedings by Holders 38 39 Section 6.07 . Proceedings by Trustee 38 40 Section 6.08 . Remedies Cumulative and Continuing 39 40 Section 6.09 . Direction of Proceedings and Waiver ▇▇▇▇▇▇ of Defaults by Majority of Holders 39 41 Section 6.10 . Notice of Defaults 40 41 Section 6.11 . Undertaking to Pay Costs 40 Article 7Concerning the Trustee 42 CONCERNING THE TRUSTEE Section 7.01 . Duties and Responsibilities of Trustee 40 42 Section 7.02 . Certain Rights of the Trustee 4143

Payments of Notes on Default. Suit Therefor 36 Section 6.05 . Application of Monies Collected by Trustee 37 38 Section 6.06 . Proceedings by Holders 38 Section 6.07 . Proceedings by Trustee 38 39 Section 6.08 . Remedies Cumulative and Continuing 39 Section 6.09 . Direction of Proceedings and Waiver ▇▇▇▇▇▇ of Defaults by Majority of Holders 39 40 Section 6.10 . Notice of Defaults 40 41 Section 6.11 . Undertaking to Pay Costs 40 Article 7Concerning the Trustee 41 Section 7.01 . Duties and Responsibilities of Trustee 40 41 Section 7.02 . Certain Rights of the Trustee 4143