Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor upon the Debentures or the Trust Securities), the Property Trustee shall be subject to and shall take all actions necessary in order to comply with the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligor).
Appears in 25 contracts
Samples: Declaration of Trust (Boise Cascade Corp), Merger Agreement (Capital Senior Living Corp), Trust Agreement (Dayton Superior Capital Trust)
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor upon the Subordinated Debentures or the Trust Securities), the Property Trustee shall be subject to and shall take all actions necessary in order to comply with the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligor).. For purposes of Section 311(b)(4) and (6) of the Trust Indenture Act:
Appears in 10 contracts
Samples: Trust Agreement (DRH Regrem Xii Lp), Trust Agreement (DRH Regrem Xii Lp), Trust Agreement (Semco Capital Trust Iii)
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become become, directly or indirectly, a creditor of the Depositor or the Trust (or any other obligor upon the Debentures or the Trust Securities), excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act, the Property Trustee shall be subject to and shall take all actions necessary in order to comply with the provisions of the Section 311(a) of Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligor).
Appears in 6 contracts
Samples: Trust Agreement (American Community Bancshares Inc), Trust Agreement (Southern Community Financial Corp), Trust Agreement (Carolina Bank Holdings Inc)
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor upon the Junior Subordinated Debentures or the Trust Securities), the Property Trustee shall be subject to and shall take all actions necessary in order to comply with the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligor).
Appears in 5 contracts
Samples: Trust Agreement (BVBC Capital Trust I), Trust Agreement (Flagstar Trust), Trust Agreement (Blue Valley Ban Corp)
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor upon the Debentures or the Trust Securities), the Property Trustee shall be subject to and shall take all actions necessary in order to comply with the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligor).. For purposes of Section 311(b) of the Trust Indenture Act:
Appears in 4 contracts
Samples: Trust Agreement (FPL Group Inc), Trust Agreement (Florida Power & Light CO Trust II), Trust Agreement (FPL Group Trust II)
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor upon the Debentures or Trust Securities (other than by reason of a relationship described in Section 311(b) of the Trust SecuritiesIndenture Act), the Property Trustee shall be subject to any and shall take all actions necessary in order to comply with the applicable provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligor).. For purposes of Section 311(b) of the Trust Indenture Act:
Appears in 3 contracts
Samples: Trust Agreement (Cp&l Energy Inc), Trust Agreement (Union Electric Capital Trust I), Trust Agreement (Union Electric Co)
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Trust, the Depositor or the Trust (or any other obligor upon the Debentures Trust Securities or the Debentures (other than by reason of a relationship described in Section 311(b) of the Trust SecuritiesIndenture Act), the Property Trustee shall be subject to any and shall take all actions necessary in order to comply with the applicable provisions of the Trust Indenture Act regarding the collection of claims against the Trust, the Depositor or Trust (or any such other obligor).. For purposes of Section 311(b) of the Trust Indenture Act:
Appears in 2 contracts
Samples: Trust Agreement (Montana Power Co /Mt/), Trust Agreement (Montana Power Capital I)
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor upon the Debentures or Preferred Securities) as set forth in Section 311 of the Trust Securities)Indenture Act, the Property Trustee shall be subject to and shall take all actions necessary in order to comply with the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or the Trust (or any such other obligor).
Appears in 1 contract
Samples: Trust Agreement (Visteon Corp)
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor obliger upon the Debentures or the Trust Securities), the Property Trustee shall be subject to and shall take all actions necessary in order to comply with the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligorobliger).
Appears in 1 contract
Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor upon the Debentures Subordinated Notes or the Trust Securities), the Property Trustee shall be subject to and shall take all actions necessary in order to comply with the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligor).
Appears in 1 contract
Samples: Trust Agreement (PPL Corp)
