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

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

Appears in 13 contracts

Samples: Buckeye Partners, L.P., Indenture (Buckeye Partners L P), Indenture (Inergy L P)

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Preferential Collection of Claims Against Partnership. If and when the Trustee shall be or become a creditor of the Partnership Partnership, 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 Partnership Partnership, any such Guarantor, or any such other obligor.

Appears in 7 contracts

Samples: Indenture (Kinder Morgan Energy Partners L P), Indenture (Kinder Morgan Energy Partners L P), Indenture (Kinder Morgan Energy Partners L P)

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Preferential Collection of Claims Against Partnership. If and when the Trustee shall be or become a creditor directly or indirectly, secured or unsecured, of the Partnership Partnership, the Guarantor, 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 Partnership Partnership, the Guarantor, or any such other obligor.

Appears in 2 contracts

Samples: Northern Border Partners Lp, Northern Border Partners Lp

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