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

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

Appears in 10 contracts

Samples: Indenture (Verso Paper Corp.), Supplemental Indenture (Verso Paper Corp.), Indenture (Berry Plastics Holding Corp)

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

Appears in 7 contracts

Samples: Indenture (Broadwing Inc), Indenture (Broadwing Communications Inc), Indenture (TRW Automotive Inc)

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

Appears in 6 contracts

Samples: Supplemental Indenture (Dex Media Inc), Supplemental Indenture (Dex Media International Inc), Dex Media West LLC

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

Appears in 5 contracts

Samples: Indenture (Berry Plastics Corp), American Media Operations Inc, Semiconductor Components Industries LLC

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

Appears in 4 contracts

Samples: TOUSA Investment #1, Inc., Tousa Delaware Inc, Technical Olympic Usa Inc

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders holders that because of this Article 12 11 should not have been made to them, the Holders Trustee or the holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor Debt and pay it over to them as their respective interests may appear.

Appears in 4 contracts

Samples: Technical Olympic Usa Inc, TOUSA Investment #1, Inc., TOUSA Investment #1, Inc.

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 11 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant applicable Subsidiary Guarantor and pay it over to them or their Representatives as their respective interests may appear.

Appears in 4 contracts

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

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that that, because of this Article 12 11, should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor and pay it over to them as their respective interests may appear.

Appears in 4 contracts

Samples: Indenture (Key Energy Group Inc), Diagnostic Retrieval Systems Inc, Key Energy Group Inc

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 13 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor Lenders and pay it over to them as their respective interests may appear. The Trustee shall have no obligation to advise the Holders of their obligations or Lenders of their rights under this Section 13.05.

Appears in 3 contracts

Samples: Indenture (Envestnet, Inc.), Indenture (Envestnet, Inc.), Indenture (Envestnet, Inc.)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of that, due to this Article 12 11, should not have been made to them, the such Holders who receive the payment or distribution shall are required to hold such payment or distribution it in trust for the holders of the Designated Senior Indebtedness of the relevant applicable Guarantor and pay it over to them as their respective interests may appear.

Appears in 3 contracts

Samples: Indenture (Clear Channel Communications Inc), Indenture (CC Media Holdings Inc), Indenture (C C Media Holdings Inc)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 13 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor Issuer and pay it over to them as their respective interests may appear.

Appears in 2 contracts

Samples: Indenture (Care Capital Properties, LP), Indenture (Ventas Realty Limited Partnership)

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

Appears in 2 contracts

Samples: Indenture (Memc Electronic Materials Inc), Pledge Agreement (Memc Electronic Materials Inc)

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

Appears in 2 contracts

Samples: Indenture (Memberworks Inc), Artesyn Technologies Inc

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 8 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor Company and pay it over to them as their respective interests may appear.

Appears in 2 contracts

Samples: Indenture (Broadwing Inc), Indenture (Broadwing Communications Inc)

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

Appears in 2 contracts

Samples: Epicept Corporation (Epicept Corp), Epicept Corporation (Epicept Corp)

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

Appears in 2 contracts

Samples: Indenture (Memc Electronic Materials Inc), Indenture (Memc Electronic Materials Inc)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 13 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor Company and pay it over to them as their respective interests may appear.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Alliant Techsystems Inc), First Supplemental Indenture (Alliant Techsystems Inc)

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

Appears in 1 contract

Samples: Pliant Corp International

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of that, due to this Article 12 14, should not have been made to them, the such Holders who receive the payment or distribution shall are required to hold such payment or distribution it in trust for the holders of the Senior Indebtedness of the relevant Guarantor and pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Supplemental Indenture (Infosat Communications LP)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 11 should not have been made to them, the Trustee, if it receives such payment or distribution, or the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor Debt and pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Joint Venture Agreement (Greif Brothers Corp)

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

Appears in 1 contract

Samples: Indenture (Sanmina-Sci Corp)

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

Appears in 1 contract

Samples: Wesco International Inc

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 should not have been made to them, the Trustee or the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness Parent Credit Facility Obligations (pro rata as to each of such holders on the basis of the relevant Guarantor respective amounts of the Parent Credit Facility Obligations held by them) and pay it over to them or the Parent Credit Facility Agent as their respective interests may appear.

Appears in 1 contract

Samples: Security Agreement (Trico Marine Services Inc)

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

Appears in 1 contract

Samples: Vintage Petroleum Inc

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 11 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution in trust for holders of the Senior Indebtedness of the relevant Guarantor and pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Indenture (American Seafoods Corp)

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

Appears in 1 contract

Samples: Joint Venture Agreement (Greif Brothers Corp)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 11 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor Subsidiary Guarantors and pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Indenture (United States Can Company /De/)

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

Appears in 1 contract

Samples: Indenture (Graham Packaging Holdings Co)

When Distribution Must Be Paid Over. If a payment or distribution is made to Holders that, due to the Holders that because subordination provisions of this Article 12 17, should not have been made to them, the such Holders who receive the payment or distribution shall are required to hold such payment or distribution it in trust for the holders of the Guarantor Senior Indebtedness of the relevant Guarantor and pay it such payment or distribution over to them holders of Guarantor Senior Indebtedness, as their respective interests may appear.

Appears in 1 contract

Samples: Note Purchase Agreement (Wmi Holdings Corp.)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 13 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution in trust for holders of the Senior Indebtedness of the relevant Guarantor Lenders and pay it over to them and their respective Representatives as their respective interests may appear.

Appears in 1 contract

Samples: Indenture (Restoration Hardware Holdings Inc)

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

Appears in 1 contract

Samples: Supplemental Indenture (Infosat Communications LP)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 11 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution in trust for holders of the Guarantor Senior Indebtedness of the relevant Guarantor and pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Supplemental Indenture (American Seafoods Corp)

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

Appears in 1 contract

Samples: Armkel LLC

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 should not have been made to them, the Trustee or the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness (pro rata as to each of such holders of Senior Indebtedness on the basis of the relevant Guarantor respective amounts of Senior Indebtedness paid to them) and pay it over to them or their Representative as their respective interests may appear.

Appears in 1 contract

Samples: Pilgrims Pride Corp

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 11 should not have been made to them, the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the Senior Indebtedness of the relevant Guarantor Guarantors and pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Indenture (Us Can Corp)

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

Appears in 1 contract

Samples: Semiconductor Components Industries LLC

When Distribution Must Be Paid Over. If a payment or distribution is made to Holders that, due to the Holders that because subordination provisions of this Article 12 15, should not have been made to them, such Holders are required to hold it in trust for the Holders who receive the payment or distribution shall hold holders of Senior Indebtedness, and pay such payment or distribution in trust for over to holders of the Senior Indebtedness of the relevant Guarantor and pay it over to them Indebtedness, as their respective interests may appear.

Appears in 1 contract

Samples: Note Purchase Agreement (Wmi Holdings Corp.)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of this Article 12 13 should not have been made to them, the Trustee or the Holders who receive the payment or distribution shall hold such payment or distribution it in trust for holders of the relevant Senior Indebtedness (pro rata as to each of such holders on the basis of the respective amounts of Senior Indebtedness of the relevant Guarantor Guarantors held by them) and pay it over to them or their Representatives as their respective interests may appear.

Appears in 1 contract

Samples: Pilgrims Pride Corp

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders that because of that, due to this Article 12 12, should not have been made to them, the such Holders who receive the payment or distribution shall are required to hold such payment or distribution it in trust for the holders of the Senior Indebtedness of the relevant Guarantor and pay it over to them as their respective interests may appear.. 119

Appears in 1 contract

Samples: Indenture (Michaels Stores Inc)

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

Appears in 1 contract

Samples: Indenture (Commercial Aggregates Transportation & Sales LLC)

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