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 Trustee or Securityholders that because of this Article X should not have been made to them, the Trustee or the Securityholders who receive the payment or 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 6 contracts

Samples: Indenture (Nebraska Book Co), Indenture (NBC Acquisition Corp), Selfix Inc /De/

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

Appears in 6 contracts

Samples: Alamosa (Alamosa Holdings LLC), Indenture (Alamosa Delaware Inc), Execution Copy (Alamosa Holdings Inc)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Trustee or the Securityholders that because of this Article X should not have been made to themthem or which the Trustee or the Securityholders are otherwise not entitled to retain under the provisions of this Article X, the Trustee or the Securityholders who receive the payment or distribution shall hold it in trust for holders of Senior Indebtedness and Guarantor Senior Indebtedness and promptly pay it over to them as their respective interests may appear.

Appears in 5 contracts

Samples: Indenture (Aurora Foods Inc /Md/), Indenture (Aurora Foods Inc /De/), Management Services Agreement (Windy Hill Pet Food Co Inc)

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

Samples: Indenture (Eye Care Centers of America Inc), Indenture (Community Health Systems Inc), Indenture (Viasystems Inc)

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

Appears in 4 contracts

Samples: Indenture (Wire Harness Industries Inc), Indenture (Wire Harness Industries Inc), Indenture (International Wire Group Inc)

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

Appears in 3 contracts

Samples: Subsidiary Guarantee (Nebraska Book Co), Nebraska Book Co, NBC Acquisition Corp

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

Appears in 3 contracts

Samples: Indenture (Covanta Energy Corp), Covanta Energy Corp, Danielson Holding Corp

When Distribution Must Be Paid Over. If a payment or distribution is made to the Trustee or Securityholders that because of this Article X should not have been made to them, the Trustee or the Securityholders who receive the payment or 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: Fisher Scientific International Inc, Fisher Scientific International Inc, Fisher Scientific International Inc

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

Appears in 2 contracts

Samples: Richmont Marketing Specialists Inc, Peninsula Cellular Services Inc

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

Appears in 2 contracts

Samples: Advanstar Communications Inc, Selfix Inc /De/

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

Appears in 2 contracts

Samples: Video Satellite (Tv Guide Inc), Fairpoint Communications Inc

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

Appears in 2 contracts

Samples: Sailors Inc, Harborside Healthcare Corp

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

Samples: Eye Care Centers of America Inc

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

Samples: Applied Business Telecommunications

When Distribution Must Be Paid Over. If a payment or distribution is made to the Trustee or Securityholders that because of this Article X should not have been made to them, the Trustee or the Securityholders who receive the payment or distribution shall hold it in trust for holders of Senior Indebtedness and promptly pay it over to them as their respective interests may appear.. 76 70

Appears in 1 contract

Samples: Indenture (Viasystems Inc)

When Distribution Must Be Paid Over. If a payment or distribution is made to the Trustee or Securityholders that because of this Article X should not have been made to them, the Trustee or 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 and promptly pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Neenah Foundry Co

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

Appears in 1 contract

Samples: Harborside Healthcare Corp

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