Common use of Trust Moneys Not Subordinated Clause in Contracts

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with Article 8 by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 10, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 2 contracts

Samples: Wilmar Holdings Inc, Diagnostic Pathology Management Services Inc

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Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with under Article 8 by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company Debt or subject to the restrictions set forth in this Article 1011, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company Debt or any other creditor of the Company.

Appears in 2 contracts

Samples: TOUSA Investment #1, Inc., TOUSA Investment #1, Inc.

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments payment from the money or the proceeds of U.S. Government Obligations held deposited in trust with the Trustee in accordance with the provisions of Article 8 by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 10, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 2 contracts

Samples: Kelley Oil & Gas Corp, Kelley Operating Co LTD

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with Article 8 under ARTICLE VIII by the Trustee for the payment of principal of premium, if any, and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 10ARTICLE X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Indebtedness of the Company Indebtedness, or any other creditor of the Company.

Appears in 2 contracts

Samples: Montgomery Open Mri LLC, Georgia Gulf Corp /De/

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money cash or the proceeds of non-callable U.S. Government Obligations Securities held in trust in accordance with under Article 8 by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Company Debt or subject to the restrictions set forth in this Article 1012, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company Debt or any other creditor of the Company.

Appears in 2 contracts

Samples: Prestige Brands Holdings, Inc., Prestige Brands International, Inc.

Trust Moneys Not Subordinated. Notwithstanding ----------------------------- anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with under Article 8 VIII by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 10X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Marson Creative Fastener Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with Article 8 (and only so long as all of the conditions to the deposit into such trust were satisfied at the time of such deposit) by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 10, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Winfred Berg Licensco Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with under Article 8 Nine by the Trustee for the payment of principal of of, premium, if any, on and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 10Seven, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Indebtedness of the Company Company, or any other creditor of the Company.

Appears in 1 contract

Samples: Indenture (MTS Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money cash or the proceeds of non-callable U.S. Government Obligations Securities held in trust in accordance with under Article 8 by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Company Debt or subject to the restrictions set forth in this Article 1011, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company Debt or any other creditor of the Company.

Appears in 1 contract

Samples: S&c Resale Co

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Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with under Article 8 by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 1010 if the deposit of such money was permitted by the Senior Indebtedness, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Indenture (Telex Communications Intermediate Holdings LLC)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations government obligations held in trust in accordance with Article 8 under Section 11.3 by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company Indebtedness, or subject to the restrictions set forth in this Article 10Fifteen, and none of the Securityholders Holders of Securities shall be obligated to pay over any such amount to the Company Company, or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Apex Silver Mines LTD

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with under Article 8 by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 1011, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Lomak Petroleum Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust in accordance with Article 8 4 or Article 13 of the Base Indenture by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 1014, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Interline Brands, Inc./De

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money cash or the proceeds of non-callable U.S. Government Obligations held in trust in accordance with under Article 8 by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article 1011, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Pilgrims Pride Corp

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