Common use of Payment of Proceeds in Certain Cases Clause in Contracts

Payment of Proceeds in Certain Cases. Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 3.2, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of Notes, on the other hand.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Axos Financial, Inc.), Second Supplemental Indenture (Axos Financial, Inc.)

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Payment of Proceeds in Certain Cases. Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 3.21402, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of NotesSecurities, on the other hand.

Appears in 2 contracts

Samples: Subordinated Debt Securities Indenture (Cullen/Frost Bankers, Inc.), Indenture (Intercontinental Exchange, Inc.)

Payment of Proceeds in Certain Cases. (a) Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 3.21102, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of any of the Notes, on the other hand.

Appears in 2 contracts

Samples: Indenture (Surety Capital Corp /De/), Bank United Corp

Payment of Proceeds in Certain Cases. Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 3.21502, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of NotesSecurities, on the other hand.

Appears in 1 contract

Samples: NYSE Holdings LLC

Payment of Proceeds in Certain Cases. (a) Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 3.21302, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one other hand, and the Holders of NotesSecurities, on the other hand, with respect to the Guarantees.

Appears in 1 contract

Samples: Zions Financial Corp

Payment of Proceeds in Certain Cases. (a) Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 3.213.2, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of NotesSecurities, on the other hand.

Appears in 1 contract

Samples: Indenture (Comerica Inc /New/)

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Payment of Proceeds in Certain Cases. (a) Upon the occurrence of any of the events specified Proceeding referred to in clauses (a), (b) and (c) of the first paragraph of Section 3.21102, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of NotesSecurities, on the other hand.

Appears in 1 contract

Samples: Indenture (Bryan College Station Financial Holding Co)

Payment of Proceeds in Certain Cases. Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 3.212.02, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of Notes, on the other hand.

Appears in 1 contract

Samples: Supplemental Indenture (Better Home & Finance Holding Co)

Payment of Proceeds in Certain Cases. (a) Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 3.21202, the provisions of that Section shall be given effect to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of NotesSecurities, on the other hand.

Appears in 1 contract

Samples: Zions Bancorporation /Ut/

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