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, because of this Article 10, should not have been made to them, the Holders who receive the distribution shall hold it in trust for holders of Senior Debt of the Company and pay it over to them as their interests may appear. If any Designated Senior Debt of the Company is outstanding, the Company shall not pay the Notes until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company receive notice of such acceleration and, thereafter, shall be entitled to pay the Notes only if this Article 10 otherwise permits payment at that time.

When Distribution Must Be Paid Over. If a distribution is made to Holders that, that because of this Article 10, 10 should not have been made to them, the Holders who receive the distribution shall hold it in trust for holders of Senior Debt of the Company and pay it over to them as their interests may appear. If any Designated Senior Debt of the Company is outstanding, the Company shall not pay the Notes until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company receive notice of such acceleration and, thereafter, shall be entitled to pay the Notes only if this Article 10 otherwise permits payment at that time.

When Distribution Must Be Paid Over. If a payment or distribution is made to Holders that, that because of this Article 10, 11 should not have been made to them, the Trustee or the Holders who receive the distribution shall hold it in trust for holders of the Senior Debt of the Company and pay it over to them or their Representatives as their interests may appear. If any Designated Senior Debt of the Company a Guarantor is outstanding, the Company such Guarantor shall not pay the Notes make a payment on its Guarantee until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company receive notice of such acceleration and, thereafter, shall be entitled to pay the Notes only if this Article 10 11 otherwise permits payment at that time.

When Distribution Must Be Paid Over. If a payment or distribution is made to Holders that, that because of this Article 10, 10 should not have been made to them, the Trustee or the Holders who receive the distribution shall hold it in trust for holders of the Senior Debt of the Company and pay it over to them or their Representatives as their interests may appear. If any Designated Senior Debt of the Company a Guarantor is outstanding, the Company such Guarantor shall not pay the Notes make a payment on its Guarantee until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company receive notice of such acceleration and, thereafter, shall be entitled to pay the Notes only if this Article 10 otherwise permits payment at that time.

When Distribution Must Be Paid Over. If a distribution is made to Holders that, because of this Article 10, should not have been made to them, the Holders who receive the distribution shall hold it in trust for holders of Senior Debt of the Company Issuer and pay it over to them as their interests may appear. If any Designated Senior Debt of the Company Issuer is outstanding, the Company Issuer shall not pay the Notes until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company Issuer receive notice of such acceleration and, thereafter, shall be entitled to pay the Notes only if this Article 10 otherwise permits payment at that time.

When Distribution Must Be Paid Over. If a payment or distribution is made to Holders that, that because of this Article 10, 12 should not have been made to them, the Trustee or the Holders who receive the distribution shall hold it in trust for holders of the Senior Debt of the Company and pay it over to them or their Representatives as their interests may appear. If any Designated Senior Debt of the Company a Guarantor is outstanding, the Company such Guarantor shall not pay the Notes make a payment on its Guarantee until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company receive notice of such acceleration and, thereafter, shall be entitled to pay the Notes only if this Article 10 12 otherwise permits payment at that time.

When Distribution Must Be Paid Over. If a distribution is made to Holders that, because of this Article 10XIII, should not have been made to them, the Holders who receive the distribution shall hold it in trust for holders of the Designated Senior Debt of the Company and pay it over to them as their interests may appear. If any Designated Senior Debt of the Company is outstanding, the Company shall not pay the Notes until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company receive Administrative Agent receives notice of such acceleration and, thereafter, shall be entitled to pay the Notes only if this Article 10 XIII otherwise permits payment at that time.