Common use of Preferential Collection of Claims Against Company or Guarantor Clause in Contracts

Preferential Collection of Claims Against Company or Guarantor. If and when the Trustee shall be or become a creditor of the Company or the Guarantor (or any other obligor upon the Securities or the coupons, if any), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Company or the Guarantor (or any such other obligor).

Appears in 2 contracts

Samples: Indenture (Northwest Airlines Inc /Mn), Indenture (Northwest Airlines Inc /Mn)

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Preferential Collection of Claims Against Company or Guarantor. If and when the Trustee shall be or become a creditor of the Company or the Guarantor (or any other obligor upon the Securities or the coupons, if anySecurities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Company or and the Guarantor (or any such other obligor).

Appears in 1 contract

Samples: Indenture (Bowater Inc)

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