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 XII should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Guarantor Senior Indebtedness of the applicable Subsidiary Guarantor and promptly pay it over to them as their respective interests may appear.

Appears in 3 contracts

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

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

Appears in 2 contracts

Samples: Conversion Notes Registration Rights Agreement (Schein Pharmaceutical Inc), Conversion Notes Registration Rights Agreement (Danbury Pharmacal Puerto Rico Inc)

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

Appears in 2 contracts

Samples: NSM Steel Co LTD, NSM Steel Co LTD

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

Appears in 2 contracts

Samples: Harborside Healthcare Corp, Sailors Inc

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

Appears in 2 contracts

Samples: NSM Steel Co LTD, NSM Steel Co LTD

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

Appears in 2 contracts

Samples: Indenture (NBC Acquisition Corp), Indenture (Nebraska Book Co)

When Distribution Must Be Paid Over. If a payment or ------------------------------------ distribution is made to Securityholders that because of this Article XII 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 Guarantor the Senior Indebtedness of the applicable relevant Subsidiary Guarantor and promptly pay it over to them as their respective interests may appear.

Appears in 2 contracts

Samples: Indenture (Telecorp PCS Inc), Telecorp Tritel Holding Co

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

Appears in 2 contracts

Samples: Indenture (Gibraltar Industries, Inc.), Gibraltar Industries, Inc.

When Distribution Must Be Paid Over. If a payment or distribution is made to Securityholders that because of this Article XII 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 Guarantor the Senior Indebtedness of the applicable relevant Guarantor Subsidiary Guarantor and promptly pay it over to them as their respective interests may appear.

Appears in 2 contracts

Samples: Richmont Marketing Specialists Inc, Neenah Foundry Co

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

Appears in 2 contracts

Samples: Subsidiary Guaranty (Buffets Inc), Subsidiary Guaranty (Buffets Inc)

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

Appears in 1 contract

Samples: Supplemental Indenture (Werner Holding Co Inc /Pa/)

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

Appears in 1 contract

Samples: Avery Berkel Holdings LTD

When Distribution Must Be Paid Over. If a payment or distribution is made to Securityholders that because of this Article XII 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 Guarantor the Senior Indebtedness of the applicable Subsidiary relevant Guarantor and promptly pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: 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 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 of the applicable Subsidiary Guarantor 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 distribution is made to Securityholders that because of this Article XII XI should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Guarantor Senior Indebtedness of the applicable Subsidiary Guarantor Company and promptly pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Indenture (Skyworks Solutions Inc)

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

Appears in 1 contract

Samples: Indenture (Brand Services)

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When Distribution Must Be Paid Over. If a payment or distribution is made to Securityholders that because of this Article XII 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 Guarantor the Designated Senior Indebtedness of the applicable relevant Subsidiary Guarantor and promptly pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Mexican Cellular Investments Inc

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

Appears in 1 contract

Samples: Video Satellite (Tv Guide Inc)

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

Appears in 1 contract

Samples: Montgomery Open Mri LLC

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article XII 14 should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Guarantor Senior Indebtedness of the applicable Subsidiary Guarantor and promptly pay it over to them or their Representatives as their respective interests may appear.. 109 118

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 XII should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Guarantor Senior Indebtedness Debt of the applicable Subsidiary relevant Guarantor and promptly pay it over to them as their respective interests may appear.

Appears in 1 contract

Samples: Indenture (Harborside Healthcare Corp)

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

Appears in 1 contract

Samples: Georgia Gulf Corp /De/

When Distribution Must Be Paid Over. If a distribution is made to Securityholders that because of this Article XII Section should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Guarantor Senior Indebtedness of the applicable Subsidiary Guarantor Debt and promptly pay it over to them as or their respective interests may appearrepresentative pro rata in accordance with the amounts thereof for application to the payment of Guarantor Senior Debt.

Appears in 1 contract

Samples: International Technology Corp

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

Appears in 1 contract

Samples: Asset Purchase Agreement (Wix Filtration Media Specialists, Inc.)

When Distribution Must Be Paid Over. If a distribution is ----------------------------------- made to Securityholders that because of this Article XII should not have been made to them, the Securityholders who receive the distribution shall hold it in trust for holders of Guarantor Senior Indebtedness Debt of the applicable Subsidiary relevant Guarantor 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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