Common use of SUBORDINATION OF NOTES Clause in Contracts

SUBORDINATION OF NOTES. SECTION 14.01. Notes Subordinate to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02. Payment Over of Proceeds Upon ----------------------------- Dissolution, Etc........................... 120 ---------------- SECTION 14.03. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04. Certain Payments Permitted.................

SUBORDINATION OF NOTES. SECTION 14.01SECTION 1301. Notes Subordinate to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02.......................................115 SECTION 1302. Payment Over over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04. Certain Payments Permitted................................................

SUBORDINATION OF NOTES. SECTION 14.01. Notes Subordinate to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02........................................76 Section 12.02. Payment Over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03etc..................................76 Section 12.03. No Suspension of Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04. Certain Payments Permitted........................................77

SUBORDINATION OF NOTES. SECTION 14.01. Section 10.01 Notes Subordinate Subordinated to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02. ...................66 Section 10.02 No Payment Over on Notes in Certain Circumstances................66 Section 10.03 Payment of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04. Certain Payments Permitted....................................67 Section 10.04 Subrogation.................................................69 Section 10.05

SUBORDINATION OF NOTES. SECTION 14.01SECTION 8.01. Notes Subordinate Subordinated to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02Debt..............................................................53 SECTION 8.02. No Payment on Notes in Certain Circumstances...................................................53 SECTION 8.03. Payment Over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03etc.................................................54 SECTION 8.04. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- Subrogation....................................................................................55 SECTION 14.04. Certain Payments Permitted.................8.05.

SUBORDINATION OF NOTES. SECTION 14.0169 SECTION 1301. Notes Subordinate Agreement to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02. Payment Over of Proceeds Upon ----------------------------- Dissolution, Etc........................... 120 ---------------- SECTION 14.03Subordinate..............................69 SECTION 1302. No Payment When on Notes in Event of Default on Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04. Certain Payments Permitted.................Indebtedness...................................70

SUBORDINATION OF NOTES. SECTION 14.01SECTION 8.01. Notes Subordinate Subordinated to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02............................................82 SECTION 8.02. No Payment on Notes in Certain Circumstances.........................................82 SECTION 8.03. Payment Over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03etc.......................................84 SECTION 8.04. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- Subrogation..........................................................................85 SECTION 14.04. Certain Payments Permitted.................8.05.

SUBORDINATION OF NOTES. SECTION 14.01Section 1101. Notes Subordinate Subordinated to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02Extent Provided........................44 Section 1102. Payment Over of Proceeds Upon ----------------------------- Dissolution, Etc........................... 120 ---------------- SECTION 14.03................44 Section 1103. No Prior Payment When to Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04. Certain Payments Permitted.................Upon Acceleration of Notes......................................................45

SUBORDINATION OF NOTES. SECTION 14.01SECTION 1301. Notes Subordinate to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02....................................... 95 SECTION 1302. Payment Over over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04. Certain Payments Permitted.................................................. 96

SUBORDINATION OF NOTES. SECTION 14.0174 SECTION 1301. Notes Subordinate Agreement to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02. Payment Over of Proceeds Upon ----------------------------- Dissolution, Etc........................... 120 ---------------- SECTION 14.03Subordinate.....................................................74 SECTION 1302. No Payment When on Notes in Event of Default on Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04Indebtedness. Certain Payments Permitted...............................................................................................................74

SUBORDINATION OF NOTES. SECTION 14.01SECTION 8.01. Notes Subordinate Subordinated to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02Debt...................................44 SECTION 8.02. No Payment on Notes in Certain Circumstances........................44 SECTION 8.03. Payment Over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03etc......................45 SECTION 8.04. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- Subrogation.........................................................46 SECTION 14.04. Certain Payments Permitted.................8.05.

SUBORDINATION OF NOTES. SECTION 14.01Section 11.01. Notes Subordinate to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02Debt...................................................115 Section 11.02. Payment Over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- SECTION 14.04. Certain Payments Permitted.................etc.....................................115

SUBORDINATION OF NOTES. SECTION 14.01SECTION 7.1. Notes Subordinate Subordinated to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02.................... 63 SECTION 7.2. No Payment on Notes in Certain Circumstances................. 64 SECTION 7.3. Payment Over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03etc............... 65 SECTION 7.4. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- Subrogation.................................................. 67 SECTION 14.047.5. Certain Payments Permitted.................Obligations of Company Unconditional......................... 68

SUBORDINATION OF NOTES. SECTION 14.01SECTION 8.01. Notes Subordinate Subordinated to Senior --------------------------- Indebtedness............................... 120 ------------ SECTION 14.02............................................79 SECTION 8.02. No Payment on Notes in Certain Circumstances.........................................80 SECTION 8.03. Payment Over of Proceeds Upon ----------------------------- upon Dissolution, Etc........................... 120 ---------------- SECTION 14.03etc.......................................81 SECTION 8.04. No Payment When Senior Indebtedness in -------------------------------------- Default.................................... 121 ------- Subrogation..........................................................................82 SECTION 14.04. Certain Payments Permitted.................8.05.