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<br />of the Banks,_outstandlng on the date thereof (including those
<br />resulting from any obli9ations to lend outstanding on the
<br />date thereof), relating to loans the proceeds of which are to
<br />be used with respect to the Propert~,,,including-tho Obliga-
<br />'. ,.,;.o;f_i-'( tions, shall be paid in fuU..--' ....l ,,~ . ',' .... ' ~.~',
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<br />..:;::;;~,.:,.",: ~'.' Cd) If .the Uen of the Agent on the' Contingency Note ,,'
<br />.,.;. .~~, ~'i1ol":. .'.', Property shall. have been released pursuant to the torms of
<br />. Section ICe), and subsequently the Borrower or any Affiliate
<br />shall become owner of the Contingency Note Property, then
<br />the owner there~f shall execute a Deed of Trust conveying
<br />for the benefit C'f the Agent a first lien on t!le Contingcncy
<br />Note Property. -Affiliate- means. with respect to any person
<br />or entity, any other person or entity directly or indirectly
<br />controlling Cincluding but not limited to ali directors and
<br />officers of such person), controlled by, or nder dircct or
<br />indirect cOlllDlon control with such person. ,. person shall be
<br />deemed to control a corporation if such pars n possusses.
<br />directly or indirectly, the power to direct ~r causo the
<br />direction of the management and policies of ~uch'corpora-
<br />tion. whether through the ownership of voting securitie&. by
<br />contract or otherwise. ,,' " " .
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<br />t~, SECTION 2, Aqreement to Subordinate. Ouakcr. and
<br />~ the Borrower each agrees that the Subordinated Debt is and
<br />.'1: ,';' . shall be subordinate, but only to' the extent and in the man- . I
<br />=': :".., ~.~::.: :. ~. ner hereinafter set forth, in right of payment. to tho prior
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<br />l~t~~~~ , ..,..nt 'ns::::~f,~he.:.::::,::'::a:::.:~bo"'natod Debt.
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<br />; ~~-;,::;::".' " ~ Ca) Except as herein provided in this paragraph 3 Ca) ,
<br />~~'~~'~f~~, I in paragraph 3Cc) below and in paragraph licl aLe '-. Ouaker
<br />,:,~." i;~::;,;~,~~~~. agrees not to ask, demand, sue for, take or receivo from the,
<br />.~ I 'Borrower, directly or indirectly, in cash. or other property
<br />, :,::t~f.:~~t~ ' 'I'" . or by set-off or in any other manner (including. without ,.
<br />~"".:.: '..,',.:, I limitation, from or by way of collateral), payment of all or
<br />'r!;'i-":' ,.;: :' ~ any amounts due in respect of the Subordinated Debt unless
<br />, :;'. ,:'. '... 1 and until the Senior Obligations shall have been paid in .
<br />fl full; provided, however that Quaker may' receive and the Bor-
<br />.' ' "'f:: rower may pay the yearly installments due under the Purchase
<br />:',~,:.'r~>,:::>: . 1 Honey,Note un.less, prior to the time Ouaker has received any ,I:"
<br />.\;~;,. , . L" such payment, .Ouaker has received written notice Uncluding " .
<br />,'.' ".' I. without limitation notice by telex, telecopy, telegraph or . ....:.
<br />.>:..~~,'. . ~ . ,otherwise) of the occurrence of a Default or an Event of
<br />, , ' .. ;. . ,----Oefault under""'"tIiirCreart--~r-eeiliilnt:-;--nrt!il!-event"-Ouaker"-'-'-
<br />1~ receives any such payments after the receip~ of such notice.
<br />.. "'.i. Quaker shall hold such payments in trust for the Agent and
<br />i shall promptly pay such paymcnts over to the Agent for
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