Common use of Exception for Certain Distributions Clause in Contracts

Exception for Certain Distributions. The rights of holders of Senior Indebtedness under this Article do not extend (a) to any Distribution to the extent applied to the Trustee's rights to compensation, reimbursement of expenses or indemnification or (b) to (i) securities which are subordinated to the securities distributed to the holders of Senior Indebtedness on terms no less favorable to the holders of Senior Indebtedness than the provisions of this Article, or (ii) Distributions under any plan approved by the court in any Proceeding.

Exception for Certain Distributions. The rights of holders of Senior Indebtedness Debt under this Article do not extend (a) to any Distribution to the extent applied to the Trustee's rights to compensation, reimbursement of expenses or indemnification or (b) to (i) securities which that are subordinated to the securities distributed to the holders of Senior Indebtedness Debt on terms no less favorable to the holders of Senior Indebtedness Debt than the provisions of this Article, Article ("Junior Securities") or (ii) Distributions under any plan approved by the court in any Proceeding.

Exception for Certain Distributions. 23 28 The rights of holders of Senior Indebtedness Debt under this Article do not extend (a) to any Distribution to the extent applied to the Trustee's rights to compensation, reimbursement of expenses or indemnification or (b) to (i) securities which are subordinated to the securities distributed to the holders of Senior Indebtedness Debt on terms no less favorable to the holders of Senior Indebtedness Debt than the provisions of this Article, or (ii) Distributions under any plan approved by the court in any Proceeding.

Exception for Certain Distributions. The rights of holders of Senior Indebtedness under this Article do not extend (a) to any Distribution to the extent applied to the Trustee's ’s rights to compensation, reimbursement of expenses or indemnification or (b) to (i) securities which are subordinated to the securities distributed to the holders of Senior Indebtedness on terms no less favorable to the holders of Senior Indebtedness than the provisions of this Article, or (ii) Distributions under any plan approved by the court in any Proceeding.