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<br />application to the Senior Obligations in accordance with
<br />Section .4.1c). I, .., . , . ~,r., .'.
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<br />Cb) The Agent shall send to Ouaker a copy of all notices
<br />sent by Agent to the Borrower that a,Dofault has occurred
<br />under the Obligations, including without limitation, any.no~,
<br />tices with respect tC' tho' exercise by ACJent of any of its "11
<br />rights or remedies wi th respect to dofaul t under: the docu- ,.:
<br />ments securing the Obligations. Ouaker s~all have a right'~~
<br />to cure any such Default durinCJ the time for cure provided ,;
<br />in the Credit Agreement for the Borrower to cure such Default.
<br />su~h time to be measured from the time such notice is sent :
<br />to Quaker. , _'...." ..'. ..."... . ." . "
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<br />Cc) Notwithstanding'section '3Ca)' of this Agr~ement, if .
<br />any of the following ~hall occur., that is: " :. r' . ' . .
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<br />- Ci) if the Bor~ower 'shall 'fail to pay a~y amounts
<br />due with respect to principal or interest on the Subor-
<br />dinated Debt on the due dates thereof, or . "
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<br />Cii) if the Borrower
<br />when due, and the failure
<br />__in a lien on the Property
<br />- thereon, or .' "':.."
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<br />shall fail to pay any taxes I
<br />to pay such taxes may result ...
<br />superior to the lien of ?uaker
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<br />CUi) 'if the Agent or Banks declare any of the Ob-
<br />ligations to be due and payable ,or exercise any of their
<br />rights or remedies with respect to default under the
<br />documents securing the Obligations, or ", , ' .
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<br />. (iv) if the Borrower breaches the provisions of
<br />Article VCU) of the Purchase Money Note Deed of ,Trust
<br />relating to the further encumbrance of the Property,
<br />other' than to Agent on behalf of. Banks, ,..:' J: :, v;.,.
<br />. "" 'P': .'. "C'
<br />then, in' any' such event, Quaker may, with prior'notice to
<br />the Agent, declare the Purchase Money Note and. if the con-
<br />tingencies with respect to the Contin'Iency Note have occurred,
<br />the ContinCJency Note, to be due.and p~yable, and Ouaker may
<br />exercise its rights an~ remedies under the Subordinated Debt
<br />and any'documents securin~ the Subordinated Debt..subject to
<br />the othei'--provisions of thi s Agreement.. .. '.. ',,';I?' ..;.~:..
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<br />SECTION 4. In Furtheranc~'Of SuLordination. -The
<br />Subordinated .CreditoL .a9J;ees,. .ils_f.nUoll(JI :__,...:...........:"-:'_--:__.L '___.._.__ _._....:__
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<br />Ca) Upon any distribution 'of ail o~ any ~f the
<br />assets of the Borrower to credi~ors of the Borrowe~
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