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

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

Appears in 30 contracts

Samples: Indenture (WF Card Funding LLC), Indenture Agreement, Indenture Agreement (WF Card Issuance Trust)

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Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section subsection 311(a) of the Trust Indenture Act to the extent provided therein.

Appears in 4 contracts

Samples: Indenture Agreement (First Usa Credit Card Master Trust), Indenture (Chase Manhattan Bank Usa), Indenture (Bank One Delaware National Association)

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

Appears in 3 contracts

Samples: Indenture (Citibank Credit Card Issuance Trust), Indenture (Citibank South Dakota N A), Indenture (Citibank Credit Card Master Trust I)

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

Appears in 2 contracts

Samples: Indenture (CNH Wholesale Receivables Inc), Indenture (CNH Wholesale Receivables Inc)

Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 3.11 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section 311(a3.11(a) of the Trust Indenture Act to the extent provided therein.

Appears in 2 contracts

Samples: Indenture (Navistar Financial Dealer Note Master Trust), Indenture (Navistar Financial Dealer Note Master Trust)

Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will shall be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will shall be subject to Section 311(a311 (a) of the Trust Indenture Act to the extent provided therein.

Appears in 2 contracts

Samples: Indenture (Mellon Bank Premium Finance Loan Master Trust), Indenture (Mellon Premium Finance Loan Owner Trust)

Preferential Collection of Claims Against Issuer. If and when ------------------------------------------------ the Indenture Trustee shall will be or become becomes a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.

Appears in 1 contract

Samples: Indenture (Mbna Credit Card Master Note Trust)

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Preferential Collection of Claims Against Issuer. If ------------------------------------------------ and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.

Appears in 1 contract

Samples: Indenture (Mbna Credit Card Master Note Trust)

Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the Notes), the Indenture Trustee will shall be subject to the provisions of Section 311 of the Trust Indenture ActAct 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). An Indenture A Trustee who has resigned or has been removed will shall be subject to Section 311(a) of the Trust Indenture Act Section 311 (a) to the extent provided indicated therein.

Appears in 1 contract

Samples: Indenture (Calpine Corp)

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

Appears in 1 contract

Samples: Indenture (BA Master Credit Card Trust II)

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