Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money, U.S. Government Obligations and/or Foreign Government Obligations held in trust under Article 4 or Article 13 by the Trustee for the payment of the principal of, premium, if any, and interest on the Securities shall not be subordinated to the prior payment in full of any Senior Debt of the Company or subject to the restrictions set forth in this Article 15, and none of the Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt of the Company or any other creditor of the Company.
Appears in 4 contracts
Samples: Indenture (B. Riley Financial, Inc.), Indenture (B. Riley Financial, Inc.), Indenture (B. Riley Financial, Inc.)
Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money, money or the proceeds of U.S. Government Obligations and/or Foreign Government Obligations held in trust under Article 4 or Article 13 XI by the Trustee for the payment of the principal of, and premium, if any, and interest on on, the Debt Securities shall not be subordinated to the prior payment in full of any Senior Debt of the Company Indebtedness or subject to the restrictions set forth in this Article 15XIV, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.
Appears in 3 contracts
Samples: Indenture (Warren Resources of California Inc), Indenture (Warren Resources of California Inc), Indenture (Warren Resources of California Inc)
Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money, money or the proceeds of U.S. Government Obligations and/or Foreign Government Obligations held in trust under Article 4 or Article 13 8 by the Trustee for the payment of the principal of, premiumof and interest and liquidated damages, if any, and interest on the Securities shall not be subordinated to the prior payment in full of any Senior Debt Indebtedness of the Company or subject to the restrictions set forth in this Article 1510, and none of the Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.
Appears in 3 contracts
Samples: Credit Agreement (Trimas Corp), Indenture (Alliant Techsystems Inc), Indenture (Pliant Corp International)
Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money, money or the proceeds of U.S. Government Obligations and/or Foreign Government Obligations held in trust under Article 4 IV or Article 13 XIII by the Trustee for the payment of the principal of, and premium, if any, and interest on on, the Subordinated Securities shall not be subordinated to the prior payment in full of any Senior Debt of the Company Indebtedness or subject to the restrictions set forth in this Article 15XIV, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Debt of the Company Indebtedness or any other creditor of the Company.
Appears in 3 contracts
Samples: Subordinated Indenture (Eplus Inc), Subordinated Indenture (Speed Commerce, Inc.), Subordinated Indenture (Eplus Inc)
Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money, money or the proceeds of U.S. Government Obligations and/or Foreign Government Obligations held in trust under Article 4 or Article 13 10 by the Trustee for the payment of principal of and interest on the principal of, premiumNotes and Additional Amounts, if any, and interest on the Securities in respect thereof shall not be subordinated to the prior payment in full of any Senior Debt Indebtedness of the Company or subject to the restrictions set forth in this Article 158, and none of the Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.
Appears in 2 contracts
Samples: Indenture (Broadwing Inc), Indenture (Broadwing Communications Inc)
Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money, money or the proceeds of U.S. Government Obligations and/or Foreign Government Obligations held in trust under Article 4 or Article 13 XI by the Trustee for the payment of the principal of, and premium, if any, and interest on on, the Debt Securities shall not be subordinated to the prior payment in full of any Senior Debt of the Company Indebtedness or subject to the restrictions set forth in this Article 15XIII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.
Appears in 2 contracts
Samples: Indenture (Texas Capital Bancshares Inc/Tx), Indenture (American Oil & Gas Inc)
Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money, U.S. Government Obligations and/or Foreign Government Obligations held in trust under Article 4 or Article 13 by the Trustee for the payment of the principal of, premium, if any, and interest on the Securities shall not be subordinated to the prior payment in full of any Senior Debt of the Company or subject to the restrictions set forth in this Article 15, and none of the Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt of the Company or any other creditor of the Company.. [The remainder of this page is intentionally left blank]
Appears in 1 contract
Samples: Indenture (NPS Pharmaceuticals Inc)
Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money, money or the proceeds of U.S. Government Obligations and/or Foreign Government Obligations held in trust under Article 4 or Article 13 VIII by the Trustee for the payment of the principal of, premiumof and interest and additional interest, if any, and interest on the Securities shall not be subordinated to the prior payment in full of any Senior Debt of the Company or subject to the restrictions set forth in this Article 15X, and none of the Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt of the Company or any other creditor of the Company.
Appears in 1 contract
Samples: Indenture (Sea Coast Foods, Inc.)