Common use of Preferential Collection of Claims Against Company Clause in Contracts

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 29 contracts

Samples: Senior Indenture (OneBeacon Insurance Group, Ltd.), Registration Rights Agreement, Senior Indenture (Plains Exploration & Production Co)

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Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 21 contracts

Samples: FNB Corp/Fl/, Hilfiger Tommy Corp, Indenture (Suntrust Banks Inc)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 21 contracts

Samples: Indenture (Carnival PLC), Indenture (Carnival PLC), Indenture (Carnival PLC)

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Debt Securities and the holders of other indenture securities (as defined in Subsection subsection (c) of this Section):

Appears in 17 contracts

Samples: Genesee & Wyoming Inc, Magnum Hunter Resources Inc, Scotts Miracle-Gro Co

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 13 contracts

Samples: Indenture (International Lease Finance Corp), Indenture (Peabody Energy Corp), Indenture (Peabody Energy Corp)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this SectionSection 613, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this SectionSection 613, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section):Section 613:

Appears in 11 contracts

Samples: Western Massachusetts Electric Co, Indenture (Public Service Co of Oklahoma), Indenture (Public Service Co of Oklahoma)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 10 contracts

Samples: Indenture (McCormick & Co Inc), Indenture (McCormick & Co Inc), Indenture (Amber Air Freight Corp)

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection subsection (c) of this Section)::

Appears in 7 contracts

Samples: Indenture (Potlatch Corp), Indenture (Potlatch Corp), Indenture (Century Communications Corp)

Preferential Collection of Claims Against Company. (a) Subject to Subsection the provisions of subsection (b) of this SectionSection 7.13, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company or any other obligor on the Subordinated Securities within 3 three months prior to a default, as defined in Subsection subsection (c) of this SectionSection 7.13, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Subordinated Securities for which it is acting as Trustee, and the holders of other indenture securities (as defined in Subsection subsection (c) of this SectionSection 7.13):

Appears in 7 contracts

Samples: Covad Communications Group Inc, Indenture (Handspring Inc), Indenture (Lexar Media Inc)

Preferential Collection of Claims Against Company. (a) Subject to Subsection the provisions of subsection (b) of this SectionSection 7.13, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company or any other obligor on the Securities within 3 three months prior to a default, as defined in Subsection subsection (c) of this SectionSection 7.13, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities for which it is acting as Trustee, and the holders of other indenture securities (as defined in Subsection subsection (c) of this SectionSection 7.13):

Appears in 7 contracts

Samples: Indenture (Covad Communications Group Inc), Indenture (Lexar Media Inc), Handspring Inc

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 6 contracts

Samples: Gatx Corp, Gatx Financial Corp, SPSS Inc

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Debt Securities and coupons and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 5 contracts

Samples: Indenture (Bankamerica Corp/De/), Indenture (Sovereign Capital Trust Iv), Indenture (Sovereign Capital Trust V)

Preferential Collection of Claims Against Company. (a1) Subject to Subsection (b2) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c3) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c3) of this Section)::

Appears in 4 contracts

Samples: International Lease Finance Corp, International Lease Finance Corp, Teledyne Inc

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this SectionSection 6.13, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection subsection (c) of this SectionSection 6.13, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Debt Securities and the holders of other indenture securities (as defined in Subsection subsection (c) of this SectionSection 6.13):

Appears in 4 contracts

Samples: Calgon Carbon Corporation, Calgon Carbon Corporation, MOB Corp

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection subsection (c) of this Section)::

Appears in 4 contracts

Samples: Indenture (SSBH Capital Iv), Indenture (Commercial Credit Co), Textron Inc

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection subsection (c) of this Section):

Appears in 3 contracts

Samples: Indenture (Texas New Mexico Power Co), Hqi Transelec Chile S A, Texas New Mexico Power Co

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three (3) months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities Bonds and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 3 contracts

Samples: Ilx Inc/Az/, Ilx Inc/Az/, Ilx Inc/Az/

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 3 contracts

Samples: Tribune Co, Tribune Co, Tribune Co

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and Coupons, if any, and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 3 contracts

Samples: Indenture (International Business Machines Corp), Washington Post Co, Washington Post Co

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection subsection (c) of this Section):),

Appears in 2 contracts

Samples: COLORADO INTERSTATE ISSUING Corp, Hillenbrand Industries Inc

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (bB) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three (3) months prior to a default, default (as defined in Subsection subsection (cC) of this Section), or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities Obligations and the holders of other indenture securities (as defined in Subsection subsection (cC) of this Section):

Appears in 2 contracts

Samples: Indenture (Old Dominion Electric Cooperative), Indenture (Old Dominion Electric Cooperative)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of any Issuer or the Company Guarantor within 3 months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 2 contracts

Samples: Union Pacific Resources Group Inc, Upr Capital Co

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection subsection (c) of this Section)::

Appears in 2 contracts

Samples: Energen Corp, Atmos Energy Corp

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default default, shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and coupons and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 2 contracts

Samples: Deposit Agreement, Supplemental Indenture (Merrill Lynch & Co Inc)

Preferential Collection of Claims Against Company. (a) ------------------------------------------------- Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and coupons and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 2 contracts

Samples: Indenture (United Technologies Corp /De/), United Technologies Corp /De/

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and Coupons, if any, and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 2 contracts

Samples: Ubs Americas Inc, Ubs Americas Inc

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (ce) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 2 contracts

Samples: Kerr McGee Corp /De, Kerr McGee Corp /De

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this 61 54 Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Senior Indenture (Ccci Capital Trust Iii)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, 63 56 the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Indenture (Union Pacific Corp)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section6.13(b), if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section6.13(c), or subsequent to such a default, as defined in Subsection 6.13(c), then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Sectionsubsection 6.13(c):

Appears in 1 contract

Samples: Pitney Bowes Credit Corp

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall 59 52 be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Senior Indenture (Ccci Capital Trust Iii)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this SectionSection 8.13, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this SectionSection 8.13, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities Notes and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section):Section 8.13:

Appears in 1 contract

Samples: Indenture (Mge Energy Inc)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 months prior to a default, as defined in Subsection (c) of this 59 52 Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Ccci Capital Trust Iii

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this the Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: Peter Kiewit Sons Inc /De/

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Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Sectionsection, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Sectionsection, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section):section.

Appears in 1 contract

Samples: Indenture (Dusa Pharmaceuticals Inc)

Preferential Collection of Claims Against Company. (a) A. Subject to Subsection subsection (bB) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three (3) months prior to a default, default (as defined in Subsection subsection (cC) of this Section), or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities Obligations and the holders of other indenture securities (as defined in Subsection subsection (cC) of this Section):

Appears in 1 contract

Samples: Indenture (Old Dominion Electric Cooperative)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities Securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Ccci Capital Trust Iii

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (indentur e securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: L 3 Communications Corp

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and Coupons and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: Indenture (Pepsiamericas Inc/Il/)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (biii) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (civ) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (civ) of this Section)::

Appears in 1 contract

Samples: Texas Petrochemicals Lp

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities Debentures and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Indenture (Lundgren Bros Construction Inc)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (bsubsection ‎(b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (csubsection ‎(c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Debt Securities and the holders of other indenture securities (securities, as defined in Subsection (csubsection ‎(c) of this Section)::

Appears in 1 contract

Samples: Indenture (Loews Corp)

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four (4) months prior to a default, as defined in Subsection subsection (c) of this Section, Section or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities Bondholders and the holders of other indenture securities (as defined in Subsection subsection (c) of this Section):

Appears in 1 contract

Samples: Enron Corp/Or/

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities Notes and the holders of other indenture securities (securities, as defined in Subsection subsection (c) of this Section)::

Appears in 1 contract

Samples: Century Communications Corp

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: Indenture (Weyerhaeuser Co)

Preferential Collection of Claims Against Company. (aa.) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Pledge and Security Agreement (Hallwood Group Inc)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities Debentures and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: Indenture (Maxtor Corp)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section614(b), if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section614(c), or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section614(c)):

Appears in 1 contract

Samples: First Financial Caribbean Corp

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders Holders of other indenture securities (Securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: Sierra Health Services Inc

Preferential Collection of Claims Against Company. (a) Subject to Subsection subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders Holders of other indenture securities (securities, as defined in Subsection subsection (c) of this Section)::

Appears in 1 contract

Samples: Indenture (360 Communications Co)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this SectionSection 913, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this SectionSection 913, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section):Section 913:

Appears in 1 contract

Samples: Subordinated Indenture (Southwestern Electric Power Co)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, then unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: Supplemental Indenture (Coca Cola Bottling Co Consolidated /De/)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, default as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: Indenture (Kinder Morgan Inc)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for 61 54 the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Subordinated Indenture (Ccci Capital Trust Iii)

Preferential Collection of Claims Against Company. (a) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such 613 default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (securities, as defined in Subsection (c) of this Section)::

Appears in 1 contract

Samples: Indenture (PPG Industries Inc)

Preferential Collection of Claims Against Company. (ai.) Subject to Subsection (b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within 3 four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities (as defined in Subsection (c) of this Section):

Appears in 1 contract

Samples: Pledge and Security Agreement (Hallwood Group Inc)

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