Preferential Collection of Claims Against Sponsor or Issuer Trust. If and when the Property Trustee shall be or become a creditor of the Sponsor or the Issuer Trust (or any other obligor upon the Preferred Securities), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Sponsor or the Issuer Trust (or any such other obligor).
Appears in 10 contracts
Samples: Declaration of Trust (BEE Financing Trust III), Declaration of Trust (Strategic Hotels & Resorts, Inc), Trust Agreement (Webster Financial Corp)
Preferential Collection of Claims Against Sponsor or Issuer Trust. If and when the Property Trustee shall be or become a creditor of the Sponsor or the Issuer Trust (or any other obligor upon the Preferred SecuritiesApex), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Sponsor or the Issuer Trust (or any such other obligor).. TRUST AGREEMENT
Appears in 2 contracts
Samples: Trust Agreement (Goldman Sachs Group Inc), Trust Agreement (Goldman Sachs Group Inc)
Preferential Collection of Claims Against Sponsor or Issuer Trust. If and when the Property Trustee shall be or become a creditor of the Sponsor or the Issuer Trust (or any other obligor upon the Preferred Trust Securities), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Sponsor or the Issuer Trust (or any such other obligor)) as is required by the Trust Indenture Act.
Appears in 1 contract
Samples: Agreement (Pxre Capital Trust Iv)
Preferential Collection of Claims Against Sponsor or Issuer Trust. If and when the Property Trustee shall be is or become becomes a creditor of the Sponsor or the Issuer Trust (or any other obligor upon the Preferred Securities), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Sponsor or Sponsor, the Issuer Trust (Trust, or any such other obligor).
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Preferential Collection of Claims Against Sponsor or Issuer Trust. If and when the Property Trustee shall be or become a creditor of the Sponsor or the Issuer Trust (or any other obligor upon the Preferred Capital Securities), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Sponsor or the Issuer Trust (or any such other obligor).
Appears in 1 contract
Samples: Agreement (Aig Capital Trust I)
