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

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive 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 27 contracts

Samples: Supplemental Indenture (Denbury Resources Inc), Asset Purchase Agreement (Wix Filtration Media Specialists, Inc.), Indenture (GSV Inc /Fl/)

AutoNDA by SimpleDocs

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive 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 15 contracts

Samples: Indenture (Argo Tech Corp), Indenture (Aqua Chem Inc), Indenture (Ta Operating Corp)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of the relevant Senior Indebtedness of the Company and pay it over to them or their Representatives as their interests may appear.

Appears in 9 contracts

Samples: Indenture (King Pharmaceuticals Inc), Supplemental Indenture (Stone Energy Corp), Indenture (Fairchild Semiconductor International Inc)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders Holders that because of this Article 10 should not have been made to them, the Securityholders Holders who receive 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 9 contracts

Samples: Credit Agreement (Trimas Corp), Tia Indenture (TRW Automotive Inc), Indenture (TRW Automotive Inc)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company applicable Subsidiary Guarantor and pay it over to them or their Representatives as their interests may appear.

Appears in 7 contracts

Samples: Purchase Agreement (Amh Holdings, LLC), Indenture (Associated Materials, LLC), Indenture (GSV Inc /Fl/)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders the Holders that because of this Article 10 should not have been made to them, the Securityholders Holders who receive 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 6 contracts

Samples: Indenture (Berry Plastics Holding Corp), Indenture (MPM Silicones, LLC), Chase Merger Sub (Rexnord Corp)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company and pay it over to them as their respective interests may appear.

Appears in 4 contracts

Samples: Volume Services America Holdings Inc, Volume Services America Inc, Volume Services America Inc

When Distribution Must Be Paid Over. If a payment or distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the payment or distribution shall hold it such payment or distribution in trust for holders of the Senior Indebtedness of the Company relevant Guarantor and pay it over to them as their respective interests may appear.

Appears in 4 contracts

Samples: Volume Services America Holdings Inc, Volume Services America Inc, Volume Services America Holdings Inc

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of the relevant Senior Indebtedness of the Company and pay it over to them or their Representative as their interests may appear.

Appears in 4 contracts

Samples: Supplemental Indenture (Denbury Resources Inc), Supplemental Indenture (Denbury Resources Inc), Indenture (Denbury Management Inc)

When Distribution Must Be Paid Over. If a payment or distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the payment or distribution shall hold it such payment or distribution in trust for holders of the Senior Indebtedness of the Company relevant Subsidiary Guarantor and pay it over to them as their respective interests may appear.

Appears in 4 contracts

Samples: Indenture (Ta Operating Corp), Indenture (Argo Tech Corp), Argo Tech Corp

When Distribution Must Be Paid Over. If a ------------------------------------ distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive 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: Indenture (DR Sales Inc), Indenture (Telecorp PCS Inc), Indenture (Glenoit Asset Corp)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders Noteholders that because of this Article 10 should not have been made to them, the Securityholders Noteholders who receive 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: Indenture (Galey & Lord Inc), Joint Operating Agreement (Rutherford-Moran Oil Corp), Wesco International Inc

When Distribution Must Be Paid Over. If a ------------------------------------ distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness Debt of the Company and pay it over to them as their interests may appear.

Appears in 3 contracts

Samples: Exchange Indenture (Hudson Respiratory Care Inc), Century Maintenance Supply Inc, Hudson Respiratory Care Inc

When Distribution Must Be Paid Over. If a distribution is made to Securityholders the Holders that because of this Article 10 should not have been made to them, the Securityholders Holders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company applicable Issuer and pay it over to them as their interests may appear.

Appears in 3 contracts

Samples: Indenture (Verso Paper Corp.), Supplemental Indenture (Verso Paper Corp.), Supplemental Indenture (Verso Sartell LLC)

When Distribution Must Be Paid Over. If a ------------------------------------ distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of the relevant Senior Indebtedness of the Company and pay it over to them or their Representatives as their interests may appear.

Appears in 2 contracts

Samples: Indenture (DR Sales Inc), Indenture (Glenoit Asset Corp)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 11 should not have been made to them, the Securityholders who receive 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 2 contracts

Samples: Fairchild Semiconductor International Inc, Skyworks Solutions Inc

When Distribution Must Be Paid Over. If a ------------------------------------ distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of the relevant Senior Indebtedness of the Company Debt and pay it over to them or their Representatives as their interests may appear.

Appears in 1 contract

Samples: Hudson Respiratory Care Inc

When Distribution Must Be Paid Over. If a distribution ----------------------------------- is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of the relevant Senior Indebtedness of the Company and pay it over to them or their Representatives as their interests may appear.

Appears in 1 contract

Samples: Chippac LTD

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company and pay it over to them it or its Representatives as their interests may appear.

Appears in 1 contract

Samples: Indenture (GSV Inc /Fl/)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company applicable Securities Guarantor and pay it over to them or their Representatives as their interests may appear.

Appears in 1 contract

Samples: Amis Holdings Inc

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company Debt and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (Petroleum Heat & Power Co Inc)

AutoNDA by SimpleDocs

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company and pay it over to them pro rata as their interests may appear.

Appears in 1 contract

Samples: Indenture (Lenfest Communications Inc)

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that the Trustee or any Securityholder that, because of this Article 10 10, should not have been made to them, the Securityholders Person who receive the receives such a distribution shall hold it in trust for holders of Senior Indebtedness of the Company and promptly pay it over to them as their interests may appearratably according to the respective amounts of such Senior Indebtedness held or represented by them; provided that the Trustee shall not be under any duty to hold such distribution in trust unless it has received notice that the terms of Article X forbid such distribution.

Appears in 1 contract

Samples: Retention Agreement (Hexcel Corp /De/)

When Distribution Must Be Paid Over. If a distribution ------------------------------------ is made to Securityholders that because of this the provisions of Article 10 (excluding Section 10.18) should not have been made to them, the Securityholders who receive 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 1 contract

Samples: Ryder TRS Inc

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 11 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company Guarantor and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Rio Hotel & Casino Inc

When Distribution Must Be Paid Over. If ----------------------------------- a distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive 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 1 contract

Samples: Supplemental Indenture (Premier Parks Inc)

When Distribution Must Be Paid Over. If a ----------------------------------- distribution is made to Securityholders that because of this Article 10 12 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of the relevant Senior Indebtedness of the Company and pay it over to them or their Representatives as their interests may appear.

Appears in 1 contract

Samples: Delco Remy International Inc

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 13 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of the relevant Senior Indebtedness of the Company and pay it over to them or their Representatives as their interests may appear.

Appears in 1 contract

Samples: Fairchild Semiconductor International Inc

When Distribution Must Be Paid Over. If a distribution is made to the Trustee or the Securityholders that because of this Article 10 should not have been made to them, the Trustee or Securityholders who receive 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 1 contract

Samples: Indenture (MBS Multimode Inc)

When Distribution Must Be Paid Over. If a any distribution is made to Securityholders or the Trustee that because of this Article 10 should not have been made to them, the Securityholders who receive the distribution or the Trustee, as the case may be, shall segregate such distribution from other funds or assets, hold it in trust for holders of Senior Indebtedness of the Company Debt and pay immediately or deliver it over to them as their interests may appearratably in accordance with the respective amounts of Senior Debt held or represented by each of them until all Senior Debt is paid in full in cash or cash equivalents.

Appears in 1 contract

Samples: Indenture (Benedek Communications Corp)

When Distribution Must Be Paid Over. If a ----------------------------------- distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive 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 1 contract

Samples: Delco Remy International Inc

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company Issuer and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (GSV Inc /Fl/)

When Distribution Must Be Paid Over. If a payment or distribution is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive the payment or 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 1 contract

Samples: Indenture (Mediq Inc)

When Distribution Must Be Paid Over. If a distribution ----------------------------------- is made to Securityholders that because of this Article 10 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Senior Indebtedness of the Company Issuer and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Chippac LTD

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