Common use of Trust Monies Not Subordinated Clause in Contracts

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

Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article 8 9 by the Trustee for the payment of principal of and interest and liquidated damages, if any, on the Securities Notes shall not be subordinated to the prior payment of any Senior Indebtedness of either of the Issuers Revolver Obligation or subject to the restrictions set forth in this Article 1012, and none of the Holders shall be obligated to pay over any such amount to either of the Issuers Issuer or any holder of Senior Indebtedness lender under the Revolver Obligations or any other creditor of either of the IssuersIssuer.

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

Trust Monies Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article 8 13 by the Trustee for the payment of principal of and interest and liquidated damages, if any, on the Securities Notes shall not be subordinated to the prior payment of any Senior Indebtedness of either of amounts owing under the Issuers Bank Credit Facility or the Hedging Obligations or subject to the restrictions set forth in this Article 1016, and none of the Holders Noteholders shall be obligated to pay over any such amount to either of the Issuers Company or any holder of Senior Indebtedness Lender or Counterparty or any other creditor of either of the IssuersCompany.

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

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