Common use of When a Distribution Must Be Paid Over Clause in Contracts

When a Distribution Must Be Paid Over. If a distribution from a Note Guarantor is made to Holders that because of the provisions of this Article 15 should not have been made to them, the Holders who receive the distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 2 contracts

Samples: Indenture (Graphic Packaging Corp), Dirsamex Sa De Cv

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When a Distribution Must Be Paid Over. If a distribution from a Note Guarantor is made to Holders that because of the provisions of this Article 15 should not have been made to them, the Holders who receive the distribution shall hold it in trust for holders of Guarantor Senior Indebtedness of such Note Guarantor and pay it over to them as their interests may appear.

Appears in 2 contracts

Samples: Refinancing Agreement (Relocation Management Systems Inc), Us Office Products Co

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