Common use of Distribution of Excepted Property Clause in Contracts

Distribution of Excepted Property. All amounts constituting Excepted Property received by the Indenture Trustee shall be paid promptly by the Indenture Trustee to the Person or Persons entitled thereto.

Appears in 3 contracts

Samples: Trust Indenture and Security Agreement (Union Tank Car Co), Trust Indenture and Security Agreement (Gatx Rail Corp), Trust Indenture and Security Agreement (Union Tank Car Co)

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Distribution of Excepted Property. All amounts constituting --------------------------------- Excepted Property received by the Indenture Trustee shall be paid promptly by the Indenture Trustee to the Person or Persons entitled thereto.

Appears in 2 contracts

Samples: Trust Indenture and Security Agreement (General American Railcar Corp Ii), Trust Indenture and Security Agreement (General American Railcar Corp Ii)

Distribution of Excepted Property. All amounts --------------------------------- constituting Excepted Property received by the Indenture Trustee shall be paid promptly by the Indenture Trustee to the Person or Persons entitled thereto.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Gatx Rail Corp)

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Distribution of Excepted Property. All amounts constituting Excepted Property received by the Indenture Trustee shall be deemed released from the Lien of this Indenture and shall be paid promptly by the Indenture Trustee to the Person or Persons entitled thereto.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Union Tank Car Co)

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