Examples of Senior Unsecured Notes Trustee in a sentence
Thereafter, and as applicable, (a) the Senior Unsecured Notes Trustee shall hold or direct such distributions for the benefit of Holders of Senior Unsecured Notes Claims and (b), as soon as practicable in accordance with the requirements set forth in this Article XI, the Senior Unsecured Notes Trustee shall arrange to deliver such distributions to or on behalf of such Holders, subject, in each case, to any charging lien of the Senior Unsecured Notes Trustee.
The Senior Unsecured Notes Trustee shall not incur any liability whatsoever on account of any distributions under the Plan except for gross negligence or willful misconduct.
Holders of Unsecured Claims will share pari passu with all other Holders of Unsecured Claims in Class 4.Distributions, if any, to Holders on account of the Senior Unsecured Notes Claim shall be made to or at the direction of the Senior Unsecured Notes Trustee, which shall act as disbursing agent for distributions to Holders on account of the Senior Unsecured Notes Claim at the sole expense of Holders under the charging lien in the Senior Unsecured Notes Indenture.
The Senior Unsecured Notes Trustee shall not be required to provide indemnification or other security to DTC in connection with any distributions through the facilities of DTC to Holders on account of the Senior Unsecured Notes Claim.
If the Senior Unsecured Notes Trustee chooses to direct distributions to Holders on account of the Senior Unsecured Notes Claim, the charging lien under the Senior Unsecured Notes Indenture shall attach to the distributions to Holders in the same manner as if those distributions were made through the Senior Unsecured Notes Trustee.