AT THE EXPENSE OF THE ISSUER SHALL, NOT MORE THAN THIRTY (30) NOR FEWER
THAN FIVE BUSINESS DAYS PRIOR TO THE DATE ON WHICH SUCH PAYMENT IS TO BE MADE,
MAIL TO THE PERSONS ENTITLED THERETO AT THEIR ADDRESSES APPEARING ON THE NOTES
REGISTER, A NOTICE WHICH SHALL STATE THE DATE ON WHICH SUCH PAYMENT WILL BE MADE
AND THE AMOUNT OF SUCH PAYMENT PER U.S.$400,000 INITIAL PRINCIPAL AMOUNT OF
NOTES AND SHALL SPECIFY THE PLACE WHERE SUCH NOTES MAY BE PRESENTED AND
SURRENDERED FOR SUCH PAYMENT.
(R)
SUBJECT TO THE PROVISIONS OF SECTIONS 2.7(A) THROUGH (L) HEREOF,
HOLDERS OF NOTES AS OF THE RECORD DATE IN RESPECT OF A PAYMENT DATE SHALL BE
ENTITLED TO THE INTEREST ACCRUED AND PAYABLE IN ACCORDANCE WITH THE PRIORITY OF
PAYMENTS AND PRINCIPAL PAYABLE IN ACCORDANCE WITH THE PRIORITY OF PAYMENTS ON
SUCH PAYMENT DATE.
ALL SUCH PAYMENTS THAT ARE MAILED OR WIRED AND RETURNED TO
THE PAYING AGENT SHALL BE HELD FOR PAYMENT AS HEREIN PROVIDED AT THE OFFICE OR
AGENCY OF THE ISSUER AND THE CO-ISSUER TO BE MAINTAINED AS PROVIDED IN SECTION
7.2 (OR RETURNED TO THE TRUSTEE).
(S)
INTEREST ON ANY NOTE WHICH IS PAYABLE, AND IS PUNCTUALLY PAID OR DULY
PROVIDED FOR, ON ANY PAYMENT DATE SHALL BE PAID TO THE PERSON IN WHOSE NAME THAT
NOTE (OR ONE OR MORE PREDECESSOR NOTES) IS REGISTERED AT THE CLOSE OF BUSINESS
ON THE RECORD DATE FOR SUCH INTEREST.
(T)
PAYMENTS OF PRINCIPAL TO HOLDERS OF THE NOTES OF EACH CLASS SHALL BE
MADE IN THE PROPORTION THAT THE AGGREGATE OUTSTANDING AMOUNT OF THE NOTES OF
SUCH CLASS REGISTERED IN THE NAME OF EACH SUCH HOLDER ON SUCH RECORD DATE BEARS
TO THE AGGREGATE OUTSTANDING AMOUNT OF ALL NOTES OF SUCH CLASS ON SUCH RECORD
DATE.
(U)
INTEREST ACCRUED WITH RESPECT TO THE NOTES SHALL BE CALCULATED AS
DESCRIBED IN THE APPLICABLE FORM OF NOTE ATTACHED HERETO.
(V)
ALL REDUCTIONS IN THE PRINCIPAL AMOUNT OF A NOTE (OR ONE OR MORE
PREDECESSOR NOTES) EFFECTED BY PAYMENTS OF INSTALLMENTS OF PRINCIPAL MADE ON ANY
PAYMENT DATE, REDEMPTION DATE OR UPON MATURITY SHALL BE BINDING UPON ALL FUTURE
HOLDERS OF SUCH NOTE AND OF ANY NOTE ISSUED UPON THE REGISTRATION OF TRANSFER
THEREOF OR IN EXCHANGE THEREFOR OR IN LIEU THEREOF, WHETHER OR NOT SUCH PAYMENT
IS NOTED ON SUCH NOTE.
(W)
NOTWITHSTANDING ANYTHING CONTAINED IN THIS INDENTURE TO THE CONTRARY,
THE OBLIGATIONS OF THE ISSUER AND THE CO-ISSUER UNDER THE NOTES AND THIS
INDENTURE ARE NON-RECOURSE OBLIGATIONS OF THE ISSUER AND THE CO-ISSUER PAYABLE
SOLELY FROM THE ASSETS (INCLUDING, SOLELY WITH RESPECT TO THE CLASS A-2 NOTES,
FROM PAYMENTS RECEIVED UNDER THE INSURANCE POLICY (WHICH PAYMENTS ARE AVAILABLE
SOLELY FOR THE CLASS A-2 NOTES AND NOT FOR ANY OTHER SECURITIES)) AND FOLLOWING
REALIZATION OF THE ASSETS, THE OBLIGATIONS OF THE CO-ISSUERS AND ANY CLAIMS OF
THE NOTEHOLDERS, THE TRUSTEE, ANY OTHER SECURED PARTY OR ANY THIRD PARTY
BENEFICIARY OF THIS INDENTURE SHALL BE EXTINGUISHED AND SHALL NOT REVIVE
THEREAFTER.
NO RECOURSE