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The notes are general unsecured obligations of the Issuer. Describing the procedures that holders must observe to just accept the change of control provide. The notes rank senior in right of payment to all future obligations of the Issuer that are, by their terms, expressly subordinated in right of cost to the notes and pari passu in right of payment with each other and all present and future unsecured obligations of the Issuer that are not so subordinated. 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