Common use of Subordinated Securities Subordinated to Prior Payment Clause in Contracts

Subordinated Securities Subordinated to Prior Payment. of All Senior Indebtedness on Dissolution, Liquidation or Reorganization of Issuer. Upon any distribution of assets of the Issuer in any dissolution, winding up, liquidation or reorganization of the Issuer (whether voluntary or involuntary, in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or otherwise):

Appears in 5 contracts

Samples: Indenture (CMS Energy Corp), Credit Agreement (CMS Energy Corp), Credit Agreement (Consumers Energy Co)

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Subordinated Securities Subordinated to Prior Payment. of All Senior Indebtedness on Dissolution, Liquidation or Reorganization of Issuer. Issuer Upon any distribution of assets of the Issuer in any dissolution, winding up, liquidation or reorganization of the Issuer (whether voluntary or involuntary, in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or otherwise):

Appears in 2 contracts

Samples: Indenture (Laclede Capital Trust I), Puget Sound Energy Inc

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Subordinated Securities Subordinated to Prior Payment. of All Senior Indebtedness on Dissolution, . Liquidation or Reorganization of Issuer. Upon any distribution of assets of the Issuer in any dissolution, winding up, liquidation or reorganization of the Issuer (whether voluntary or involuntary, in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or otherwise):

Appears in 1 contract

Samples: Term Loan Agreement (Panhandle Eastern Pipe Line Co)

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