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

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer (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 Issuer (or any such other obligor).

Appears in 15 contracts

Samples: Indenture Agreement (Omnova Solutions Inc), Second Supplemental Indenture (Solutia Inc), Indenture of Trust (Tortoise North American Energy Corp)

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

Appears in 10 contracts

Samples: Indenture (Weatherford International PLC), Indenture (Weatherford Irish Holdings Ltd.), Indenture (Weatherford International PLC)

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

Appears in 5 contracts

Samples: Indenture (Northstar Realty Finance Corp.), Indenture (Northstar Realty Finance Corp.), Indenture (Northstar Realty)

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

Appears in 4 contracts

Samples: Indenture (Bankatlantic Bancorp Inc), Indenture (Gold Banc Corp Inc), Indenture (Investorsbancorp Inc)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the SecuritiesBonds), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Issuer (or any such other obligor), excluding any creditor relationships described in Trust Indenture Act Section 311(b). A Trustee who has resigned or has been removed shall be subject to Trust Indenture Act Section 311(a) to the extent indicated therein.

Appears in 2 contracts

Samples: Indenture (Cedar Brakes Ii LLC), Indenture (Cedar Brakes I LLC)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the any Issuer or any 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 such Issuer or such Guarantor (or any such other obligor) excluding any creditor relationship listed in TIA Section 311(b).

Appears in 2 contracts

Samples: Indenture (Perrigo Finance PLC), Indenture (Perrigo Finance PLC)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer (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 Issuer (or any such other obligor). A trustee who has resigned or been removed shall be subject to the Trust Indenture Act Section 311(a) to the extent provided therein.

Appears in 2 contracts

Samples: Indenture (Mediacom Capital Corp), Indenture (Mediacom Capital Corp)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Issuer (or any such other obligor). A Trustee who has resigned or been removed shall be subject to the Trust Indenture Act Section 311(a) to the extent indicated therein.

Appears in 2 contracts

Samples: Indenture (Us Industries Inc), Indenture (Millennium Chemicals Inc)

Preferential Collection of Claims Against Issuer. If and ------------------------------------------------ when the Trustee shall be or become a creditor of the Issuer (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 Issuer (or Issuer(or any such other obligor).

Appears in 2 contracts

Samples: Indenture (Exodus Communications Inc), Indenture (Exodus Communications Inc)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer 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 Issuer (or any such other obligor).Trust

Appears in 1 contract

Samples: Indenture (Atmel Corp)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or Issuer(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 Issuer (or Issuer(or any such other obligor).

Appears in 1 contract

Samples: Indenture (Pinnacle Holdings Inc)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer or the Guarantors (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 Issuer or the Guarantors (or any such other obligor), excluding any creditor relationship listed in Trust Indenture Act Section 311(b).

Appears in 1 contract

Samples: Indenture (Allegion US Holding Co Inc.)

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

Appears in 1 contract

Samples: Indenture (Spectra Energy Corp.)

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Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of Section 311 of the Trust Indenture Act Act, but only to the extent therein specified, regarding the collection of claims against the Issuer (or any such other obligor).. For purposes of Section 311(b)(4) and (6) of such Act, the following terms shall mean:

Appears in 1 contract

Samples: Indenture (Deutsche Telekom Ag)

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

Appears in 1 contract

Samples: Indenture (Enron International Cpo Inc)

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

Appears in 1 contract

Samples: Indenture (Banco Rio De La Plata)

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

Appears in 1 contract

Samples: Indenture (Bradlees Stores Inc)

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

Appears in 1 contract

Samples: Indenture (Welltower Inc.)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Issuer (or any such other obligor).. A Trustee who has resigned or been removed shall be subject to Trust Indenture Act Section 311(a) to the extent indicated therein. ARTICLE SEVEN

Appears in 1 contract

Samples: Indenture (Lucite International Finance PLC)

Preferential Collection of Claims Against Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the SecuritiesNotes), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Issuer (or any such other obligor). A Trustee who has resigned or been removed shall be subject to the Trust Indenture Act Section 311(a) to the extent indicated therein.

Appears in 1 contract

Samples: Indenture (Media General Inc)

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