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.), Third 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: Indenture (Dex Media International Inc), Indenture (Alliant Techsystems Inc), Indenture (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 (American Media Operations Inc), Indenture (Donjoy LLC), Indenture (Pliant Corp International)

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: Third Supplemental Indenture (Denbury Resources Inc), First Supplemental Indenture (Denbury Resources Inc), First Supplemental Indenture (Encore Acquisition Co)

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: Indenture (Technical Olympic Usa Inc), Senior Subordinated Indenture (TOUSA Investment #1, Inc.), Indenture (Tousa Delaware Inc)

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), Indenture (Key Energy Group Inc), Indenture (Lomak Petroleum Inc)

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: Indenture (Tousa Delaware Inc), Senior Subordinated Indenture (TOUSA Investment #1, Inc.), Indenture (Technical Olympic Usa Inc)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Holders Securityholders that because of this Article 12 should not have been made to them, the Holders Securityholders 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 4 contracts

Samples: Indenture (Volume Services America Inc), Indenture (Volume Services America Holdings Inc), Indenture (Volume Services America 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 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 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: Indenture (Epicept Corp), Indenture (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 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 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 Communications Inc), Indenture (Broadwing 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), 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 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), 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 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), Indenture (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 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: Indenture (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 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: First Supplemental Indenture (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 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: Senior Subordinated 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 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: Indenture (Armkel LLC)

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: Indenture (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 Guarantor 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)

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 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: Senior Subordinated Indenture (Infosat Communications LP)

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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.

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 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)

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: First Supplemental Indenture (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 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: Indenture (Semiconductor Components Industries LLC)

When Distribution Must Be Paid Over. If a payment or distribution is made to Holders of the Holders that because of Notes that, due to this Article 12 13, 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 Issuer or the applicable Guarantor and pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Indenture (Clear Channel Outdoor Holdings, 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, 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: Indenture (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 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: Indenture (Pliant Corp International)

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 of the relevant Note Guarantor and pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Indenture (Seagate Technology Malaysia Holding Co Cayman Islands)

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)

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 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: Indenture (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 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 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 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: Indenture (Trico Marine Services Inc)

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