Parent Assets after Insolvency Sample Clauses

Parent Assets after Insolvency. Notwithstanding the foregoing provisions of this Section 3, to the extent a parent corporation, if any ("Parent"), contributes Parent stock or other assets to the Trust to satisfy any subsidiary corporation's obligations to the Plan participants and beneficiaries ("Parent Assets"), such Parent Assets are subject to claims of both the general creditors of the subsidiary corporation as well as the general creditors of the Parent.