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

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

Appears in 40 contracts

Samples: Indenture (MPLX Lp), Indenture (MPLX Lp), Indenture (Spectra Energy Partners, LP)

AutoNDA by SimpleDocs

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities or a related Guarantee that because of this Article XII should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 33 contracts

Samples: Indenture (EnLink Midstream, LLC), Holly Energy Finance Corp., Indenture (CNX Coal Finance Corp.)

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

Appears in 21 contracts

Samples: Central Valley Community Bancorp, Central Valley Community Bancorp, Indenture (Capitalsource Inc)

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

Appears in 17 contracts

Samples: Subordinated Indenture (Eplus Inc), Subordinated Indenture (Helix Energy Solutions Group Inc), Subordinated Indenture (Enbridge Pipelines (Texas Gathering) L.P.)

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities or any related Guarantee that because of this Article XII X should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 14 contracts

Samples: Indenture (Jones Energy, Inc.), Indenture (AMI 2, Inc.), Indenture (Jones Energy Holdings, LLC)

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

Appears in 10 contracts

Samples: Indenture (Carnival PLC), Indenture (Carnival PLC), Indenture (Carnival PLC)

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities or a related Guarantee that because of this Article XII X should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 8 contracts

Samples: ETC Texas Pipeline, LTD, Heritage Operating Lp, Indenture (Heritage Propane Partners L P)

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

Appears in 5 contracts

Samples: Indenture (Denbury Resources Inc), Indenture (Denbury Resources Inc), Indenture (Encore Acquisition Co)

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

Appears in 4 contracts

Samples: Zion Oil & Gas Inc, Zion Oil & Gas Inc, Orgenesis Inc.

When Distribution Must Be Paid Over. If a distribution is made to the Holders of Subordinated Debt Securities that because of this Article XII ARTICLE IX should not have been made to them, the Holders who receive such the distribution shall hold it in trust for holders of Senior Indebtedness of the Company and pay it over to them as their interests may appear.

Appears in 4 contracts

Samples: Tax Receivable Agreement (Vistra Corp.), Tax Receivable Agreement (Vistra Energy Corp), Tax Receivable Agreement (Vistra Energy Corp)

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

Appears in 3 contracts

Samples: Supplemental Indenture (Revlon Inc /De/), Supplemental Indenture (Revlon Inc /De/), Supplemental Indenture (Revlon Inc /De/)

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities or a related Guarantee that because of this Article ARTICLE XII should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 3 contracts

Samples: Indenture (Glimcher Realty Trust), Indenture (Glimcher Realty Trust), Indenture (Glimcher Realty Trust)

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

Appears in 3 contracts

Samples: Indenture (American Oil & Gas Inc), Indenture (ONEOK Partners LP), Texas Capital Bancshares Inc/Tx

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

Appears in 3 contracts

Samples: Oxford Health Plans Inc, Oxford Health Plans Inc, Wiser Marketing Co

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

Appears in 3 contracts

Samples: Chesapeake Energy Corp, Chesapeake Energy Marketing Inc, Mc Louisiana Minerals LLC

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

Appears in 3 contracts

Samples: Reconciliation And (Mindspring Enterprises Inc), Carramerica Realty L P, Carramerica Realty Corp

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

Appears in 3 contracts

Samples: Warren Resources (Warren Resources of California Inc), Warren Resources (Warren Resources of California Inc), Warren Resources of California Inc

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that because of this Article XII 11 should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 3 contracts

Samples: Indenture (Chesapeake MLP Operating LLC), Access Midstream Partners Lp, Access Permian Midstream LLC

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that because of this Article XII X should not have been made to them, the Holders who receive such the distribution shall hold it in trust for holders of Senior Indebtedness and promptly pay it over to them as their respective interests may appear.

Appears in 3 contracts

Samples: Indenture (Gibraltar Industries, Inc.), Indenture (Libbey Inc), Gibraltar Industries, Inc.

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

Appears in 3 contracts

Samples: PNG Finance Corp., MarkWest New Mexico LP, Eott Energy Operating Lp

When Distribution Must Be Paid Over. If a ------------------------------------ distribution is made to Holders of Subordinated Debt Securities that because of this Article XII should not have been made to them, the Holders who receive such 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: Vintage Petroleum Capital I, Chirex Inc

When Distribution Must Be Paid Over. If a distribution (whether in cash, property or securities) is made to the Holders of Subordinated Debt Securities that because of this Article XII IX should not nor have been made to them, the Holders who receive such the distribution shall hold it in trust for holders of Senior Indebtedness Debt and pay it over to them as their interests may appear.

Appears in 2 contracts

Samples: Registration Rights Agreement (Dvi Inc), Registration Rights Agreement (Dvi Inc)

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that because of this Article XII X should not have been made to them, the Holders who receive such the distribution shall hold it in trust for holders of Senior Indebtedness of the Company and pay it over to them (or their Representative) as their interests may appear.

Appears in 2 contracts

Samples: Indenture (Inmobiliaria Montes Urales 460 S a De C V), Indenture (Iusacell S a De C V)

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

Appears in 2 contracts

Samples: Indenture (Sun Communities Operating Limited Partnership), Indenture (Frontier Corp /Ny/)

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities the Lender that because of this Article XII should not have been made to themit, the Holders who receive such distribution Lender shall hold it in trust for holders of Financial Institution Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Meristar Hotels & Resorts Inc), Revolving Credit Agreement (Meristar Hospitality Corp)

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that because of this Article XII should not have been made to them, the Holders who receive such the distribution shall hold it in trust for holders of the relevant Senior Indebtedness of such Restricted Subsidiary and pay it over to them (or their Representative) as their interests may appear.

Appears in 2 contracts

Samples: Indenture (Inmobiliaria Montes Urales 460 S a De C V), Indenture (Iusacell S a De C V)

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that because of this Article XII XV should not have been made to them, the Holders who receive such the distribution shall hold it in trust for holders of the relevant Senior Indebtedness and pay it over to them or their Representatives as their interests may appear.

Appears in 2 contracts

Samples: First Supplemental Indenture (Swift Energy Co), Swift Energy Co

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that because of this Article XII should not have been made to them, the Holders of Securities who receive such 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: Sirius Satellite Radio Inc, Cd Radio Inc

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities or a related Guarantee that because of this Article XII 54 should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Jonah Gas Gathering Co

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

Appears in 1 contract

Samples: Electronic Data Systems Corp /De/

When Distribution Must Be Paid Over. If a distribution is made to the Holders of Subordinated Debt Securities that because of this Article XII X should not have been made to them, the Holders who receive such 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 1 contract

Samples: Securities Purchase Agreement (Affiliated Managers Group Inc)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: PVR Natural Gas Gathering LLC

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt the Securities that because of this Article XII XI should not have been made to them, the Holders who receive such distribution shall hold it in trust for the holders of Senior Indebtedness Debt or Subsidiary Debt, as the case may be, and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (Macerich Co)

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

Appears in 1 contract

Samples: Teligent Inc

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

Appears in 1 contract

Samples: EQM Midstream Partners, LP

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

Appears in 1 contract

Samples: Indenture (ONEOK Partners LP)

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that because of this Article XII 12 should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Meridian Industrial Trust Inc

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities that because of this Article XII X should not have been made to them, the Holders who receive such the distribution shall hold it in trust for holders of Senior Indebtedness and promptly pay it over to them as their respective interests may appear.. 119

Appears in 1 contract

Samples: Indenture (Libbey Inc)

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

Appears in 1 contract

Samples: Plains All American Pipeline Lp

When Distribution Must Be Paid Over. If a distribution ----------------------------------- (whether in cash, property or securities) is made to the Holders of Subordinated Debt Securities that because of this Article XII IX should not nor have been made to them, the Holders who receive such the distribution shall hold it in trust for holders of Senior Indebtedness Debt and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Registration Rights Agreement (Dvi Inc)

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

Appears in 1 contract

Samples: Buckeye Partners, L.P.

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

Appears in 1 contract

Samples: Note Purchase Agreement (Waterford Gaming Finance Corp)

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

Appears in 1 contract

Samples: Indenture (Seadrill Partners LLC)

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

Appears in 1 contract

Samples: Mercer International Inc.

When Distribution Must Be Paid Over. If a distribution or other payment is made to Holders of Subordinated Debt Securities the Lender that because of this Article XII VII should not have been made to themit, the Holders who receive Lender shall hold such distribution shall hold it in trust for holders of Senior Indebtedness Debt and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Capital Facility Agreement (Delta Energy Center, LLC)

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

Appears in 1 contract

Samples: Indenture (Gulf Island Services, L.L.C.)

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

Appears in 1 contract

Samples: Northern Border Partners Lp

When Distribution Must Be Paid Over. If a distribution is made to Holders of Subordinated Debt Securities or the Guarantee in respect thereof that because of this Article XII should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: MPLX Operations LLC

When Distribution Must Be Paid Over. If a distribution is made to the Holders of Subordinated Debt Securities that because of this Article XII Fourteen should not have been made to them, the Holders of Securities who receive such the distribution shall hold it in trust for holders of Senior Indebtedness and, if applicable, Senior Subordinated Indebtedness and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Collins & Aikman Corp

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

Appears in 1 contract

Samples: Parker Hannifin Corp

Time is Money Join Law Insider Premium to draft better contracts faster.