Common use of Trust Monies Not Subordinated Clause in Contracts

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 3 contracts

Samples: Indenture (Northfield Laboratories Inc /De/), Indenture (Cell Genesys Inc), Indenture (Cell Genesys Inc)

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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 Additional Interest, if any, and interest on the Securities Notes 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. [The remainder of this page is intentionally left blank.]

Appears in 1 contract

Samples: Indenture (Berry Plastics Corp)

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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 ARTICLE 9 by the Trustee for the payment of principal of and interest on the principal of, premiumNotes and Special Interest, 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 15ARTICLE 11, 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. [The remainder of this page is intentionally left blank.]

Appears in 1 contract

Samples: Indenture (Veterinary Centers of America Inc)

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