Common use of Preferential Collection of Claims Clause in Contracts

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

Appears in 27 contracts

Samples: Indenture (Xilinx Inc), Supplemental Indenture (Evergreen Solar Inc), Indenture (Concur Technologies Inc)

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Preferential Collection of Claims. If and when the Trustee shall be or become a creditor of the Company (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 the claims against the Company (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: Park Ohio Holdings Corp

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

Appears in 1 contract

Samples: Axa

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