SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 Payment Permitted If No Default............................ 59 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (GCB Capital Trust), Junior Subordinated Indenture (Pfbi Capital Trust)
SUBORDINATION OF SECURITIES. Section 12.01. Agreement to Subordinate......................................57 SECTION 13.1Section 12.02. Securities Subordinate Payments to Senior Indebtedness............................................... Holders of Securities.............................57 SECTION 13.2Section 12.03. No Payment When Senior Indebtedness in Debt Is In Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .....................58 Section 12.04. Payment Permitted If No Default............................ in Certain Situations.......................59 SECTION 13.4Section 12.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.Debt.............
Appears in 2 contracts
Sources: Subordinated Indenture (Abn Amro Bank Nv), Subordinated Indenture (Abn Amro Bank Nv)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt....................... 64 SECTION 13.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 .................... 64 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ............................. 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt............. 66 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ................. 67 SECTION 13.6.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (Seacoast Financial Services Corp), Junior Subordinated Indenture (Seacoast Financial Services Corp)
SUBORDINATION OF SECURITIES. 57 69 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 . ............................. 69 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 69 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ............................................. 71 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ..................... 71 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 . ............................... 72 SECTION 13.6.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (First Tennessee Capital Iv), Junior Subordinated Indenture (First Tennessee National Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ..................68 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 .........................69 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ................................70 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ........70 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ....................71 SECTION 13.6.
Appears in 2 contracts
Sources: Junior Subordinated Indenture (CCC Capital Trust Ii), Junior Subordinated Indenture (CSC Capital Iii)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt............................... 89 Section 10.02. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon upon Dissolution, Etc...................................... 57 SECTION 13.3 etc...................... 89 Section 10.03. Suspension of Payment Permitted If No When Senior Debt in Default............................ 59 SECTION 13.4................... 91 Section 10.04. Trustee's Relation to Senior Debt................................... 94 Section 10.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt..................... 94 Section 10.06. Provisions Solely to To Define Relative Rights..................................................... 59 SECTION 13.6......................... 95 Section 10.07. Trustee To Effectuate Subordination................................. 96 Section 10.08. No Waiver of Subordination Provisions............................... 96 Section 10.09.
Appears in 2 contracts
Sources: Indenture (Samsonite Corp/Fl), Indenture (Samsonite Holdings Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ............. 67 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ............ 67 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ........................... 69 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 .............................................. 69 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ............... 70 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Dime Capital Trust Ii)
SUBORDINATION OF SECURITIES. 57 91 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 .............................. 91 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ..................... 91 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ........... 94 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ....................... 94 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 .................................... 95 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (First Empire Capital Trust Ii)
SUBORDINATION OF SECURITIES. 57 SECTION 76 Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION .............................................76 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .......................................................................76 Section 13.3. Payment Permitted If No Default............................ 59 SECTION ...........................................................78 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION ...................................78 Section 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION ...............................................78 Section 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Triangle Capital Trust)
SUBORDINATION OF SECURITIES. 57 SECTION 13.11. Securities Subordinate to Senior Indebtedness............................................... 57 ................ 56 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ............................ 56 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 .............................. 57 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.....
Appears in 1 contract
Sources: Junior Subordinated Indenture (Equitable Resources Capital Trust I)
SUBORDINATION OF SECURITIES. 57 SECTION 13.158 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt......................58 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 . ...................58 Section 12.3. Payment Permitted If No Default............................ ............................59 SECTION 13.4Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt............60 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.................60
Appears in 1 contract
Sources: Junior Subordinated Indenture (MortgageIT Holdings, Inc.)
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION ...................... 77 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 . ....................... 78 Section 13.3. Payment Permitted If No Default............................ 59 SECTION ............ 80 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION ...................... 80 Section 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION .......................... 80 Section 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Bt Preferred Capital Trust Iv)
SUBORDINATION OF SECURITIES. 57 74 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ............................................74 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ...................................74 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 .........................75 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 .....................................76 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ..................................................76 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (FCB/Sc Capital Trust I)
SUBORDINATION OF SECURITIES. 57 SECTION 13.112.01. Securities Subordinate to Senior Indebtedness............................................... 57 ....................... 61 SECTION 13.212.02. Payment over of Proceeds upon Dissolution, Etc...................... 61 SECTION 12.03. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ...................... 62 SECTION 13.3 12.04. Payment Permitted If No Default............................ 59 ..................................... 62 SECTION 13.412.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ............. 63 SECTION 13.512.06. Provisions Solely to Define Relative Rights..................................................... 59 Rights ........................ 63 SECTION 13.612.07.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION ................ 66 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .................... 66 Section 13.3. Payment Permitted If No Default............................ 59 SECTION .............................. 68 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.....
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.112.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt................................................55 SECTION 13.212.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 .....................................................................55 SECTION 13.3 12.3. Payment Permitted If No Default............................ 59 ......................................................57 SECTION 13.412.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt......................................57 SECTION 13.512.5. Provisions Solely to Define Relative Rights..................................................... 59 ..........................................57 SECTION 13.612.6.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 23 SECTION 13.14.01. Securities Subordinate to Senior Indebtedness............................................... 57 Indebtedness ........................... 23 SECTION 13.24.02. No Payment over of Proceeds upon Dissolution, etc .......................... 24 SECTION 4.03. Suspension of Payment When Designated Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 Default .................................................... 25 SECTION 13.3 4.04. Payment Permitted If No Default............................ 59 Default ......................................... 26 SECTION 13.44.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Indebtedness ................. 26 SECTION 13.54.06. Provisions Solely to Define Relative Rights..................................................... 59 Rights ............................. 27 SECTION 13.64.07.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 91 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ..................................... 91 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ............................ 92 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 .................. 94 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 .............................. 94 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ........................................... 95 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Jbi Capital Trust I)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ........................................ 75 SECTION 13.2. Payment of Proceeds Upon Dissolution, Etc............................................ 75 SECTION 13.3. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ....................................... 77 SECTION 13.3 13.4. Payment Permitted If No Default............................ 59 ...................................................... 78 SECTION 13.413.5. Subrogation to To Rights of Holders of Senior Indebtedness........................................ 59 .............................. 78 SECTION 13.513.6. Provisions Solely to To Define Relative Rights..................................................... 59 .......................................... 79 SECTION 13.613.7.
Appears in 1 contract
Sources: Junior Subordinated Indenture (American General Corp /Tx/)
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION .............. 72 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ..................... 72 Section 13.3. Payment Permitted If No Default............................ 59 SECTION 73 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6...
Appears in 1 contract
Sources: Junior Subordinated Indenture (Providian Financial Corp)
SUBORDINATION OF SECURITIES. 57 91 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 .............................................. 91 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ..................................... 91 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ........................... 94 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ....................................... 94 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 .................................................... 95 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (First Empire Capital Trust I)
SUBORDINATION OF SECURITIES. 57 73 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 .......................................73 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ..............................73 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ....................75 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ................................75 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 .............................................75 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (FCB Nc Capital Trust I)
SUBORDINATION OF SECURITIES. 57 SECTION 66 Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION and Subordinated Debt...............................66 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .......................................66 Section 13.3. Reserved.............................................................................67 Section 13.4. No Payment When Senior and Subordinated Debt in Default..............................67 Section 13.5. Payment Permitted If No Default............................ 59 SECTION 13.4......................................................68 Section 13.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5and Subordinated Debt.....................68 Section 13.7. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6...........................................69
Appears in 1 contract
Sources: Junior Subordinated Indenture (Downey Financial Capital Trust I)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Section 13.1 Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2. No Payment When Senior Indebtedness in Default; Debt.................................................68 Section 13.2 Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION ........................................68 Section 13.3 Prior Payment to Senior Debt Upon Acceleration of Securities..........................69 Section 13.4 No Payment When Senior Debt in Default................................................70 Section 13.5 Payment Permitted If No Default............................ 59 SECTION 13.4. .......................................................71 Section 13.6 Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Debt.......................................71 Section 13.7 Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6............................................72 Section 13.8
Appears in 1 contract
Sources: Junior Subordinated Indenture (Sierra Pacific Resources Capital Trust Ii)
SUBORDINATION OF SECURITIES. 57 54 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ........................... 54 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 .............................. 55 SECTION 13.3 Payment Permitted If No Default............................ 59 ......................................... 56 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ................. 56 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ............................. 56 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Greater Community Bancorp)
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION .................. 66 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ............................ 67 Section 13.3. Payment Permitted If No Default............................ 59 SECTION ................................ 68 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.....
Appears in 1 contract
Sources: Junior Subordinated Indenture (Northern Trust Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.158 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt............................................58 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ...................................58 Section 12.3. Payment Permitted If No Default............................ ..................................................59 SECTION 13.4Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt..................................60 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.......................................60
Appears in 1 contract
Sources: Junior Subordinated Indenture (Anthracite Capital Inc)
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION ........................... 72 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION .......................... 73 Section 13.3 Payment Permitted If No Default............................ 59 SECTION ......................................... 74 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION ................. 74 Section 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION ............................. 75 Section 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (PNC Capital Trust F)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt................................... 59 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ................................................... 59 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4......................................... 61 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt......................... 61 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.............................. 62
Appears in 1 contract
Sources: Junior Subordinated Indenture (Hawthorne Financial Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. 13.1 Securities Subordinate to Senior Indebtedness............................................... 57 Indebtedness SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 . SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ................................................ SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Indebtedness SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 Rights SECTION 13.6.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.174 Section 16.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2........................74 Section 16.2. Payment Over of Proceeds Upon Dissolution, Etc.......................75 Section 16.3. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .......................76 Section 16.4. Reliance by Senior Indebtedness on Subordination Provisions..........77 Section 16.5. Payment Permitted If No Default............................ 59 SECTION 13.4......................................77 Section 16.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5..............77 Section 16.7. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6..........................78 Section 16.8.
Appears in 1 contract
Sources: Indenture (Safeco Corp)
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION ............... 66 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .............. 66 Section 13.3. Payment Permitted If No Default............................ 59 SECTION ............................. 68 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6....
Appears in 1 contract
Sources: Junior Subordinated Indenture (Bank of New York Co Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 13.158 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt....................................58 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 . 58 Section 12.3. Payment Permitted If No Default............................ ..........................................59 SECTION 13.4Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt..........................60 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6...............................60
Appears in 1 contract
Sources: Junior Subordinated Indenture (Anthracite Capital Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 13.158 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt..................58 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ......................58 Section 12.3. Payment Permitted If No Default............................ ........................59 SECTION 13.4Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt........60 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.............60
Appears in 1 contract
Sources: Junior Subordinated Indenture (American Home Mortgage Investment Corp)
SUBORDINATION OF SECURITIES. 57 64 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ...................... 64 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 .......................................... 64 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 .................................... 66 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ............ 66 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ........................ 67 SECTION 13.6.
Appears in 1 contract
Sources: Subordinated Indenture (Delphi Financial Group Inc/De)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 Indebtedness .............. 71 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 Etc ............. 71 SECTION 13.3 13.3. Payment Permitted If No DefaultDefault ............................ 59 73 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Indebtedness .... 73 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 Rights ................ 74 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Bankamerica Corp/De/)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt......................... 87 SECTION 13.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ....................... 88 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ............................... 90 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt............... 90 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ................... 91 SECTION 13.6.. Trustee to Effectuate Subordination........................... 92 SECTION 13.7. No Waiver of Subordination Provisions......................... 92
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. 67 Section 13.1 Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2. No Payment When Senior Indebtedness in Default; Debt............................. 67 Section 13.2 Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION .................... 67 Section 13.3 Prior Payment to Senior Debt Upon Acceleration of Securities........................................................ 69 Section 13.4 No Payment When Senior Debt in Default............................ 69 Section 13.5 Payment Permitted If No Default............................ 59 SECTION 13.4. ................................... 70 Section 13.6 Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Debt................... 70 Section 13.7 Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6........................ 71 Section 13.8
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt.....................................................62 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .......................................................................................62 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4...........................................................64 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt...........................................64 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6................................................64
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.110.1. Securities Subordinate to Senior Indebtedness............................................... 57 ...........................................73 SECTION 13.210.2. No Payment Over of Proceeds upon Dissolution, etc..........................................74 SECTION 10.3. Suspension of Payment When Senior Indebtedness Is in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ............................75 SECTION 13.3 Payment Permitted If No Default............................ 59 10.4. Trustee's Relation to Senior Indebtedness...............................................77 SECTION 13.410.5. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 .................................77 SECTION 13.510.6. Provisions Solely to To Define Relative Rights..................................................... 59 .............................................78 SECTION 13.610.7.
Appears in 1 contract
Sources: Indenture (Lamar Advertising Co)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. 13.1 Securities Subordinate to Senior Indebtedness............................................... 57 ................... 66 SECTION 13.2. 13.2 No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 .................................. 66 SECTION 13.3 Payment Permitted If No Default............................ 59 ................................. 68 SECTION 13.4. 13.4 Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.......... 68
Appears in 1 contract
Sources: Junior Subordinated Indenture (Bankamerica Capital Viii)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... Debt......................................... 57 SECTION 13.2Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .............................................................. 58 Section 12.3. Payment Permitted If No Default............................ ............................................... 59 SECTION 13.4Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ Debt............................... 59 SECTION 13.5Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.................................... 60
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.160 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt.....................60 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .........................60 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4...........................62 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt...........62 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6................62
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt ...................... 59 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 Etc ............................. 59 Section 12.3. Payment Permitted If No DefaultDefault ............................ 59 SECTION 13.461 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt ............ 61 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.Rights ................ 61
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt.......................... 60 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ................................. 60 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4................................ 62 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt................ 62 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6..................... 62
Appears in 1 contract
Sources: Junior Subordinated Indenture (Meadowbrook Insurance Group Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 76 Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION and Subordinated Debt 76 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ........ 76 Section 13.3. Prior Payment to Senior and Subordinated Debt Upon Acceleration of Securities............................ 77 Section 13.4. No Payment When Senior and Subordinated Debt in Default 78 Section 13.5. Payment Permitted If No Default............................ 59 SECTION 13.4....................... 79 Section 13.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5and Subordinated Debt..................................... 79 Section 13.7. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6........... 80 Section 13.8.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Greater Bay Bancorp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt......................... 69 Section 12.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ................ 69 Section 12.3. Prior Payment to Senior Debt Upon Acceleration of Securities.. 70 Section 12.4. No Payment When Senior Debt in Default........................ 70 Section 12.5. Payment Permitted If No Default............................ 59 SECTION 13.4............................... 71 Section 12.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt............... 71 Section 12.7. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6................... 72 Section 12.8.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Riggs National Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 72 Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION ......................... 72 Section 13.2. Payment Over of Proceeds Upon Dissolution, Etc........................ 72 Section 13.3. Prior Payment to Senior Indebtedness Upon Acceleration of Securities.. 73 Section 13.4. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ........................ 74 Section 13.5. Payment Permitted If No Default............................ 59 SECTION 13.4....................................... 74 Section 13.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5............... 75 Section 13.7. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6........................... 75 Section 13.8.
Appears in 1 contract
Sources: Junior Subordinated Indenture (First American Financial Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.161 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt...................61 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ..........................61 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4.........................62 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt.........63 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6..............63
Appears in 1 contract
Sources: Junior Subordinated Indenture (Uici)
SUBORDINATION OF SECURITIES. 57 SECTION 13.158 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt............................................58 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .................................................................58 Section 12.3. Payment Permitted If No Default............................ ..................................................59 SECTION 13.4Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt..................................60 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.......................................60
Appears in 1 contract
Sources: Junior Subordinated Indenture (Anthracite Capital Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 13.160 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt................ 60 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 . ............... 61 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4...................... 62 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt...... 62 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6........... 63
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.112.01. Securities Subordinate to Senior Indebtedness............................................... 57 .............................. 61 SECTION 13.212.02. Payment over of Proceeds upon Dissolution, Etc............................. 61 SECTION 12.03. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ............................. 62 SECTION 13.3 12.04. Payment Permitted If No Default............................ 59 ............................................ 63 SECTION 13.412.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 .................... 63 SECTION 13.512.06. Provisions Solely to Define Relative Rights..................................................... 59 ................................ 63 SECTION 13.612.07.
Appears in 1 contract
Sources: Indenture (Affymetrix Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt...................61 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ..........................61 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4.........................62 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt.........63 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6..............63
Appears in 1 contract
Sources: Junior Subordinated Indenture (Uici)
SUBORDINATION OF SECURITIES. 57 SECTION 13.183 Section 17.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2................................83 Section 17.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ...............................84 Section 17.3. No Payment when Senior Indebtedness in Default...............................85 Section 17.4. Reliance by Senior Indebtedness on Subordination Provisions..................86 Section 17.5. Payment Permitted If No Default............................ 59 SECTION 13.4..............................................86 Section 17.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5......................86 Section 17.7. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6..................................87 Section 17.8.
Appears in 1 contract
Sources: Indenture (Safeco Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Section 13.1 Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2. No Payment When Senior Indebtedness in Default; Debt.........................................63 Section 13.2 Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION ................................63 Section 13.3 Prior Payment to Senior Debt Upon Acceleration of Securities..................64 Section 13.4 No Payment When Senior Debt in Default........................................65 Section 13.5 Payment Permitted If No Default............................ 59 SECTION 13.4. ...............................................65 Section 13.6 Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Debt...............................66 Section 13.7 Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6....................................66 Section 13.8
Appears in 1 contract
Sources: Junior Subordinated Indenture (Liberty Financial Capital Trust Ii)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt...................... 59 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ............................. 59 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.461 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt............ 61 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6................. 61
Appears in 1 contract
Sources: Junior Subordinated Indenture (Validus Holdings LTD)
SUBORDINATION OF SECURITIES. 57 SECTION 13.160 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt............................................ 60 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ................................................................. 60 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5.................................................. 62 -iv- TABLE OF CONTENTS (continued) Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6....................................... 63
Appears in 1 contract
Sources: Junior Subordinated Indenture (Hanover Capital Mortgage Holdings Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 13.113.01. Securities Subordinate to Senior Indebtedness............................................... 57 Debt.......................95 SECTION 13.213.02. Payment Over of Proceeds upon Dissolution, Etc..............95 SECTION 13.03. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ......................97 SECTION 13.3 Payment Permitted If No Default............................ 59 SECTION 13.413.04. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt.............98 SECTION 13.513.05. Provisions Solely to Define Relative Rights..................................................... 59 .................99 SECTION 13.613.06. No Waiver of Subordination Provisions.......................99 SECTION 13.07.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 63 Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION Debt................................................. 63 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ........................................ 63 Section 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities.......................... 64 Section 13.4. No Payment When Senior Debt in Default................................................ 65 Section 13.5. Payment Permitted If No Default............................ 59 SECTION 13.4....................................................... 65 Section 13.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt....................................... 66 Section 13.7. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6........................................... 66 Section 13.8.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Chittenden Capital Trust I)
SUBORDINATION OF SECURITIES. 57 67 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt. .............................67 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ......................67 SECTION 13.3 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities........68 SECTION 13.4. No Payment When Senior Debt in Default..............................69 SECTION 13.5. Payment Permitted If No Default............................ 59 .....................................70 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt.....................70 SECTION 13.513.7. Provisions Solely to Define Relative Rights..................................................... 59 .........................70 SECTION 13.613.8.
Appears in 1 contract
Sources: Indenture (First Security Capital V)
SUBORDINATION OF SECURITIES. 57 SECTION 13.150 Section 12.01. Securities Subordinate Agreement to Senior Indebtedness............................................... 57 SECTION 13.2Subordinate....................................50 Section 12.02. Payments to Holders of Securities...........................50 Section 12.03. No Payment When Senior Indebtedness in Debt Is In Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ...................51 Section 12.04. Payment Permitted If No Default............................ 59 SECTION 13.4in Certain Situations.....................51 Section 12.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.Debt.............52 - iii - Table of Contents ----------------- (continued)
Appears in 1 contract
Sources: Subordinated Indenture (Orvet Pharmaceuticals Finance Sa)
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION ........................... 67 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION ................................................... 68 Section 13.3 Payment Permitted If No Default............................ 59 SECTION ......................................... 69 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION ..................................................... 69 Section 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION ............................. 70 Section 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Gbci Capital Trust Ii)
SUBORDINATION OF SECURITIES. 57 91 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ........................................ 91 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ............................... 91 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ..................... 94 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ................................. 94 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 .............................................. 95 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (First Empire State Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.112.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt................................................60 SECTION 13.212.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 . ...................................................................60 SECTION 13.3 12.3. Payment Permitted If No Default............................ 59 ......................................................62 SECTION 13.412.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt......................................62 SECTION 13.512.5. Provisions Solely to Define Relative Rights..................................................... 59 ..........................................62 SECTION 13.612.6.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt.....................................................59 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .......................................................................................59 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4...........................................................61 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt...........................................61 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6................................................61
Appears in 1 contract
Sources: Junior Subordinated Indenture (Mainsource Financial Group)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 .................................... 67 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ................................................................. 67 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 .................................................. 69 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 .......................... 69 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ...................................... 70 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Fifth Third Bancorp)
SUBORDINATION OF SECURITIES. 57 67 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt........................................67 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ...............................67 SECTION 13.3 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities.................68 SECTION 13.4. No Payment When Senior Debt in Default.......................................69 SECTION 13.5. Payment Permitted If No Default............................ 59 ..............................................69 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.Debt..............................70
Appears in 1 contract
Sources: Indenture (Comerica Inc /New/)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ....... 76 SECTION 13.2. Payment Over of Proceeds Upon Dissolution, Etc...... 77 SECTION 13.3. Prior Payment to Senior Indebtedness Upon Acceleration of Securities...........................78 SECTION 13.4. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 Payment Permitted If No Default............................ 59 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6......
Appears in 1 contract
Sources: Trust Agreement (Usf&g Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 13.01. Securities Subordinate Agreement to Senior Indebtedness............................................... 57 SECTION 13.2Subordinate.......................................63 Section 13.02. Payments to Holders of Securities..............................64 Section 13.03. No Payment When Senior Indebtedness in Debt Is In Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ......................65 Section 13.04. Payment Permitted If No Default............................ 59 SECTION 13.4in Certain Situations........................65 Section 13.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt................66 Section 13.06. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6....................66 Section 13.07.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION ........................... 65 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION ................................................... 65 Section 13.3 Payment Permitted If No Default............................ 59 SECTION ......................................... 66 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION ..................................................... 67 Section 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION ............................. 67 Section 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Mason Dixon Capital Trust Ii)
SUBORDINATION OF SECURITIES. 57 SECTION 13.112.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt...................................................61 SECTION 13.212.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ........................................................................61 SECTION 13.3 12.3. Payment Permitted If No Default............................ 59 .........................................................63 SECTION 13.412.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt.........................................63 SECTION 13.512.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6..............................................64
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ...........56 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 .....................................................56 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 .........................57 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Indebtedness.58 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 .............58 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (Equitable Resources Inc /Pa/)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt................. 59 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ............ 59 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4....................... 61 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt....... 61 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6............ 61
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Section 11.1 Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2. Debt..........................................63 Section 11.2 Payment Over of Proceeds upon Dissolution, Etc.................................64 Section 11.3 Prior Payment to Senior Debt upon Acceleration of Securities...................65 Section 11.4 No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .........................................65 Section 11.5 Payment Permitted If No Default............................ 59 SECTION 13.4. ................................................66 Section 11.6 Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Debt................................66 Section 11.7 Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.....................................66 Section 11.8
Appears in 1 contract
Sources: Indenture (Amerus Group Co/Ia)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ................ 79 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ............................ 79 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 .............................. 81 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.....
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.164 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2.............. 64 Section 12.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ............. 64 Section 12.3. Prior Payment to Senior Indebtedness Upon Acceleration of Securities.............................................. 65 Section 12.4. No Payment When Specified Senior Indebtedness in Default... 66 Section 12.5. Payment Permitted If No Default............................ 59 SECTION 13.466 Section 12.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6...
Appears in 1 contract
Sources: Senior Subordinated Indenture (Symons International Group Inc)
SUBORDINATION OF SECURITIES. 57 24 SECTION 13.14.01. Securities Subordinate to Senior Indebtedness............................................... 57 .................................. 24 SECTION 13.24.02. No Payment over of Proceeds upon Dissolution, etc................................. 25 SECTION 4.03. Suspension of Payment When Designated Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ........... 26 SECTION 13.3 4.04. Payment Permitted If No Default............................ 59 ................................................ 27 SECTION 13.44.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ........................ 27 SECTION 13.54.06. Provisions Solely to Define Relative Rights..................................................... 59 .................................... 28 SECTION 13.64.07.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 65 SECTION 13.1. 14.01 Securities Subordinate to Senior Indebtedness............................................... 57 Debt.......................................................65 SECTION 13.2. No 14.02 Payment When Senior Indebtedness in Default; Payment Over over of Proceeds Upon Dissolution, Etc...................................... 57 ..............................................66 SECTION 13.3 14.03 No Payment When Senior Debt in Default......................................................66 SECTION 14.04 Payment Permitted If No Default............................ 59 in Certain Situations.....................................................67 SECTION 13.4. 14.05 Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt.............................................67 SECTION 13.5. 14.06 Provisions Solely to Define Relative Rights..................................................... 59 .................................................68 SECTION 13.6.14.07
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION .................... 77 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ........................... 78 Section 13.3. Payment Permitted If No Default............................ 59 SECTION .................................. 80 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION .......... 80 Section 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION ...................... 80 Section 13.6.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt ................ 59 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 . ................... 59 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4Default ...................... 60 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt ...... 61 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.Rights .......... 61
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 81 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ....................... 81 SECTION 13.2. Payment Over of Proceeds Upon Dissolution, Etc...................... 89 SECTION 13.3. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ...................... 90 SECTION 13.3 13.4. Payment Permitted If No Default............................ 59 ..................................... 90 SECTION 13.413.5. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ............. 90 SECTION 13.513.6. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.......................... 91
Appears in 1 contract
Sources: Indenture (Alcatel Usa Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 13.158 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt............................................58 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .................................................................59 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4..................................................60 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt..................................60 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.......................................61
Appears in 1 contract
Sources: Junior Subordinated Indenture (Bankatlantic Bancorp Inc)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 ................................67 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 .......................................................68 SECTION 13.3 13.3. Payment Permitted If No Default............................ 59 ..............................................69 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 ......................69 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 ..................................70 SECTION 13.6.
Appears in 1 contract
Sources: Junior Subordinated Indenture (First Coastal Capital Trust)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt........................................... 71 Section 12.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .................................. 71 Section 12.3. Prior Payment to Senior Debt Upon Acceleration of Securities.................... 72 Section 12.4. No Payment When Senior Debt in Default.......................................... 73 Section 12.5. Payment Permitted If No Default............................ 59 SECTION 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5................................................. 73 Section 12.7. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6..................................... 74 Section 12.8.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION Debt................... 65 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .......... 65 Section 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities........................... 66 Section 13.4. No Payment When Senior Debt in Default.................. 67 Section 13.5. Payment Permitted If No Default............................ 59 SECTION 13.4......................... 67 Section 13.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.Debt.......
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.160 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt................................ 60 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ..................................................... 60 Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4...................................... 62 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt...................... 62 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.......................... 62 Section 12.6.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.112.01. Securities Subordinate to Senior Indebtedness............................................... 57 .......................64 SECTION 13.212.02. Payment over of Proceeds upon Dissolution, Etc......................64 SECTION 12.03. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ......................65 SECTION 13.3 12.04. Payment Permitted If No Default............................ 59 .....................................65 SECTION 13.412.05. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 .............65 SECTION 13.512.06. Provisions Solely to To Define Relative Rights..................................................... 59 .........................66 SECTION 13.612.07.
Appears in 1 contract
Sources: Indenture (Affymetrix Inc)
SUBORDINATION OF SECURITIES. 57 SECTION Section 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION . .....................................76 Section 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 .........................................76 Section 13.3. Payment Permitted If No Default............................ 59 SECTION .....................................................77 Section 13.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6..............................78
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 SECTION 13.160 Section 12.1. Securities Subordinate to Senior Indebtedness............................................... 57 SECTION 13.2Debt......................... 60 Section 12.2. No Payment When Senior Indebtedness Debt in Default; Payment Over of 60 Proceeds Upon Dissolution, Etc...................................... 57 SECTION 13.3 ................................ Section 12.3. Payment Permitted If No Default............................ 59 SECTION 13.4............................... 62 Section 12.4. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 SECTION 13.5Debt............... 63 Section 12.5. Provisions Solely to Define Relative Rights..................................................... 59 SECTION 13.6.................... 63
Appears in 1 contract
Sources: Junior Subordinated Indenture (Orleans Homebuilders Inc)
SUBORDINATION OF SECURITIES. 57 92 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt... 92 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ....................................... 92 SECTION 13.3 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities............................. 93 SECTION 13.4. No Payment When Senior Debt in Default................................................ 94 SECTION 13.5. Payment Permitted If No Default............................ 59 ......... 95 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt............................................ 95 SECTION 13.513.7. Provisions Solely to Define Relative Rights..................................................... 59 ................................................. 95 SECTION 13.613.8.
Appears in 1 contract
Sources: Indenture (Uromed Corp)
SUBORDINATION OF SECURITIES. 57 SECTION 13.1. Securities Subordinate to Senior Indebtedness............................................... 57 Debt............................ 67 SECTION 13.2. No Payment When Senior Indebtedness in Default; Payment Over of Proceeds Upon Dissolution, Etc...................................... 57 ................... 67 SECTION 13.3 13.3. Prior Payment to Senior Debt Upon Acceleration of Securities..... 68 SECTION 13.4. No Payment When Senior Debt in Default........................... 69 SECTION 13.5. Payment Permitted If No Default............................ 59 .................................. 70 SECTION 13.413.6. Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt.................. 70 SECTION 13.513.7. Provisions Solely to Define Relative Rights..................................................... 59 ...................... 70 SECTION 13.613.8.
Appears in 1 contract
SUBORDINATION OF SECURITIES. 57 77 SECTION 13.1. 13.1 Securities Subordinate to Senior Indebtedness............................................... 57 Debt...................................................77 SECTION 13.2. 13.2 No Payment When Senior Indebtedness in Default; Certain Circumstances, Payment Over over of Proceeds Upon upon Dissolution, Etc...................................... 57 .....77 SECTION 13.3 Prior Payment to Senior Debt upon Acceleration of Securities............................79 SECTION 13.4 Payment Permitted If No Default............................ 59 .........................................................79 SECTION 13.4. 13.5 Subrogation to Rights of Holders of Senior Indebtedness........................................ 59 Debt.........................................79 SECTION 13.5. 13.6 Provisions Solely to Define Relative Rights..................................................... 59 .............................................80 SECTION 13.6.13.7
Appears in 1 contract
Sources: Indenture (PMC Sierra Inc)