Common use of Preferential Collection of Claims Against the Issuers Clause in Contracts

Preferential Collection of Claims Against the Issuers. The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. The provisions of TIA Section 311 shall apply to the Issuers and each of the Subsidiary Guarantors as obligor on the Securities.

Appears in 2 contracts

Samples: Appreciation Note Indenture (Central Michigan Distribution Co Lp), Indenture (Central Michigan Distribution Co Lp)

AutoNDA by SimpleDocs

Preferential Collection of Claims Against the Issuers. The Trustee, in its capacity as Trustee hereunder, shall comply with TIA Section (S) 311(a), excluding any creditor relationship listed in TIA Section (S) 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section (S) 311(a) to the extent indicated therein. The provisions of TIA Section 311 shall apply to the Issuers and each of the Subsidiary Guarantors as obligor on the Securitiesindicated.

Appears in 1 contract

Samples: Indenture (RPP Capital Corp)

AutoNDA by SimpleDocs

Preferential Collection of Claims Against the Issuers. The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. The provisions of TIA Section 311 shall apply to the Issuers and each of the Subsidiary Guarantors as obligor obligors on the Securities. ARTICLE 8 DISCHARGE OF INDENTURE SECTION

Appears in 1 contract

Samples: Indenture (Resort Investment LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!