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

Preferential Collection of Claims Against Corporation. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein, excluding, as applicable, any creditor relationship listed in Section 311(b) of the Trust Indenture Act.

Appears in 4 contracts

Samples: Indenture (Canopy Growth Corp), Indenture (Core Scientific, Inc./Tx), Indenture (Canopy Growth Corp)

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Preferential Collection of Claims Against Corporation. The Trustee Trustees shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein, excluding, as applicable, any creditor relationship listed in Section 311(b) of the Trust Indenture Act.

Appears in 1 contract

Samples: Indenture (Brookfield Renewable Energy Partners L.P.)

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