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 that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 14 contracts

Samples: Indenture (Anywhere Real Estate Group LLC), Indenture (Realogy Group LLC), Indenture (Realogy Group LLC)

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When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the relevant Guarantor and pay it over to them as their interests may appear.

Appears in 8 contracts

Samples: Indenture (Interline Brands, Inc./De), Senior Subordinated Notes Indenture (American Tire Distributors Holdings, Inc.), Indenture (Universal City Travel Partners)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Designated First Lien Indebtedness of the Issuers and pay it over to them as their interests may appear.

Appears in 5 contracts

Samples: Indenture (Clearwire Corp /DE), Note Purchase Agreement (Sprint Nextel Corp), Note Purchase Agreement (Clearwire Corp /DE)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Designated First Lien Indebtedness of the relevant Guarantor and pay it over to them as their interests may appear.

Appears in 4 contracts

Samples: Indenture (Clearwire Corp /DE), Note Purchase Agreement (Clearwire Corp /DE), Note Purchase Agreement (Sprint Nextel Corp)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the Issuers and pay it over to them as their interests may appear.

Appears in 3 contracts

Samples: Indenture (Valley Telephone Co., LLC), Indenture (Avago Technologies Manufacturing (Singapore) Pte. Ltd.), Indenture (Avago Technologies LTD)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisionsprovisions contained in this Article, should not have been made to them, such Holders or the Trustee are required to hold it in trust for the holders of Holdings Senior Indebtedness of the Issuer and pay it over to them as their interests may appear.

Appears in 3 contracts

Samples: Revolving Credit Agreement (TPC Group Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the Parent Guarantor, and pay it over to them as their interests may appear.

Appears in 3 contracts

Samples: Supplemental Indenture (Realogy Corp), Supplemental Indenture (Realogy Corp), Supplemental Indenture (Realogy Corp)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Designated Senior Indebtedness guaranteed by the relevant Guarantor and pay it over to them as their interests may appear.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Boart Longyear Suisse Sarl), Fourth Supplemental Indenture (Boart Longyear LTD)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the Company and pay it over to them as their interests may appear.

Appears in 2 contracts

Samples: Subordinated Indenture (Peabody Energy Corp), Subordinated Indenture (Cottonwood Land Co)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Designated Senior Indebtedness Indebtedness, and pay it over to them as their interests may appear.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Boart Longyear Suisse Sarl), Fourth Supplemental Indenture (Boart Longyear LTD)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisionsprovisions of this Article XII, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the relevant Guarantor and pay it over to them as their interests may appear.

Appears in 2 contracts

Samples: Senior Subordinated Notes Indenture (Claires Stores Inc), Senior Subordinated Notes Indenture (ASC Acquisition LLC)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it such distribution in trust for the holders of Holdings Senior Indebtedness of the Issuer and pay it over such distribution to them the holders of Senior Indebtedness as their interests may appear.

Appears in 1 contract

Samples: Indenture (Interline Brands, Inc./De)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it such distribution in trust for the holders of Holdings Senior Indebtedness of the Issuers and pay it over such distribution to them the holders of Senior Indebtedness as their interests may appear.

Appears in 1 contract

Samples: Indenture (Universal City Travel Partners)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the that because of these subordination provisions, provisions should not have been made to them, such the Holders are required to who receive the distribution shall hold it in trust for the holders of Holdings the Senior Indebtedness and pay it over to them (or their representative) as their interests may appear.

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies, Inc.)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the Issuer, and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (Realogy Corp)

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When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the relevant Servicing Guarantor and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (Saxon Capital Inc)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness Debt of the Company and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (Cinemark Usa Inc /Tx)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings INMETCO Senior Indebtedness and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (Horsehead Holding Corp)

When Distribution Must Be Paid Over. If a distribution is made to Holders the Holder that, due to the subordination provisions, should not have been made to themit, such Holders are the Holder is required to hold it in trust for the holders of Holdings Senior Indebtedness of the Company, and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Contribution and Equity Interest Purchase Agreement (Conagra Foods Inc /De/)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Designated First Lien Indebtedness of the relevant Subsidiary Guarantor and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Second Priority Indenture (Clearwire Corp /DE)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the relevant Note Guarantor and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (Realogy Corp)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness Debt of the relevant Guarantor and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Indenture (Cinemark Usa Inc /Tx)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the Issuer and pay it over to them as their interests may appear.

Appears in 1 contract

Samples: Senior Subordinated Notes Indenture (American Tire Distributors Holdings, Inc.)

When Distribution Must Be Paid Over. If a distribution is made to Holders that, due to the subordination provisions, should not have been made to them, such Holders are required to hold it in trust for the holders of Holdings Senior Indebtedness of the Issuer and pay it over to them as their interests may appearRepresentative, if any.

Appears in 1 contract

Samples: Indenture (CMP Susquehanna Radio Holdings Corp.)

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