Common use of Preferential Collection of Claims Against Corporation Clause in Contracts

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

Appears in 55 contracts

Samples: Edison International, Wellcare Health Plans, Inc., Wellcare Health Plans, Inc.

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

Appears in 11 contracts

Samples: Indenture (Amerant Bancorp Inc.), FNB Corp/Pa/, Indenture (FNB Corp/Fl/)

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

Appears in 8 contracts

Samples: Indenture (Algonquin Power & Utilities Corp.), Indenture (Algonquin Power & Utilities Corp.), Indenture (Algonquin Power & Utilities Corp.)

Preferential Collection of Claims Against Corporation. If and when the Trustee shall be or shall become a creditor creditor, directly or indirectly, secured or unsecured, of the Corporation (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of Sections 311(a) and 311(b) of the Trust Indenture Act regarding the collection of claims against the Corporation (or any such other obligor)Act.

Appears in 4 contracts

Samples: South Carolina Electric & Gas Co, Sce&g Trust I, Scana Corp

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

Appears in 3 contracts

Samples: Sempra Energy Global Enterprises, Sempra Energy, Sempra Energy Global Enterprises

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Preferential Collection of Claims Against Corporation. If and when the Trustee shall be or shall become a creditor creditor, directly or indirectly, secured or unsecured, of the Corporation (or of any other obligor upon on the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Corporation (or any such other obligor)obligor on the Securities.

Appears in 2 contracts

Samples: Indenture (J P Morgan Chase & Co), J P Morgan Chase & Co

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

Appears in 1 contract

Samples: Sempra Energy Holdings

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