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 (Ebh Capital Trust I), Trust Agreement (Union Bankshares Capital Trust I), 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 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).. For purposes of Section 311(b) of the Trust Indenture Act:
Appears in 4 contracts
Samples: Trust Agreement (FPL Group Inc), Trust Agreement (FPL Group Trust II), Trust Agreement (FPL Group Capital Inc)
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 Junior Subordinated 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 Capital I), Trust Agreement (Montana Power Co /Mt/)
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 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 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 Junior Subordinated 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 upon the Junior Subordinated Debentures 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)
