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

Sources: Subordinated Indenture (Edison International), Indenture (Wellcare Health Plans, Inc.), Indenture (Wellcare Health Plans, Inc.)

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

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

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 9 contracts

Sources: Indenture (Hydro One Inc), 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

Sources: Junior Subordinated Indenture (Sce&g Trust I), Junior Subordinated Indenture (South Carolina Electric & Gas Co), Junior Subordinated Indenture (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

Sources: Senior Indenture (Sempra Energy), Senior Indenture (Sempra Energy Global Enterprises), Senior Indenture (Sempra Energy Global Enterprises)

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

Sources: Indenture (J P Morgan Chase & Co), Indenture (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 any other obligor upon the Securities), the 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 1 contract

Sources: Indenture (Fortis Inc.)

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

Sources: Senior Indenture (Sempra Energy Holdings)