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

Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or other obligor under the Securities), the Trustee shall be subject to the provisions of the TIA regarding the collection of claims against the Company (or any such other obligor). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein.

Appears in 27 contracts

Samples: Indenture (Emergent Capital, Inc.), Indenture (Emergent Capital, Inc.), Indenture (Emergent Capital, Inc.)

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Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or other obligor under the Securities)Company, the Trustee shall be subject to the provisions of the comply with TIA regarding the collection of claims against the Company (or § 311(a), excluding any such other obligorcreditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section § 311(a) to the extent indicated thereinindicated.

Appears in 17 contracts

Samples: Ciena Corp, Ciena Corp, Indenture (Aar Corp)

Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or other obligor under the Securities)Company, the Trustee shall be subject to the provisions of the TIA regarding the collection of claims against the Company (or any such other obligor)Company. A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein.

Appears in 5 contracts

Samples: Indenture (Jakks Pacific Inc), Indenture (Jakks Pacific Inc), Indenture (BGC Partners, Inc.)

Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or other obligor under the Debt Securities), the Trustee shall be subject to the provisions of the TIA § 311(a) regarding the collection of claims against the Company or any Guarantor (or any such other obligor), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section § 311(a) to the extent indicated therein.

Appears in 3 contracts

Samples: Indenture (Ramparts, Inc.), MGM Mirage, MRG Vegas Portal, Inc.

Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or other obligor under on the SecuritiesNotes), the Trustee shall be subject to the provisions of the TIA regarding the collection of claims against the Company (or any such other obligor). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated set forth therein.. ARTICLE SEVEN

Appears in 2 contracts

Samples: Indenture (Atrium Corp), Atrium Corp

Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or any other obligor under the SecuritiesNotes), the Trustee shall be subject to the provisions of the TIA (as though the TIA applies to this Amended Indenture) regarding the collection of claims against the Company (or any such other obligor). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein.

Appears in 2 contracts

Samples: Supplemental Indenture, Indenture

Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or any other obligor under upon the SecuritiesNotes), the Trustee shall be subject to the provisions of the TIA regarding the collection of claims against the Company (or any such other obligor). A Trustee who has resigned or been removed shall be subject to TIA For purposes of Section 311(a311(b)(4) to and (6) of the extent indicated therein.TIA:

Appears in 2 contracts

Samples: Mony Group Inc, Indenture (Mony Holdings LLC)

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Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or other obligor under the Securities), the Trustee shall be subject to the provisions of the TIA regarding the collection of claims against the Company (or any such other obligor). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein, including, if the TIA does not then apply to this Indenture, as if the TIA then applied to this Indenture.

Appears in 1 contract

Samples: Indenture (Mylan Inc.)

Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or any other obligor under the SecuritiesNotes), the Trustee shall be subject to the provisions of the TIA regarding as if the collection TIA applied to this Indenture, excluding any creditor relationship listed in Section 311(b) of claims against the Company (or any such other obligor)TIA. A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) of the TIA as if the TIA applied to this Indenture to the extent indicated thereinindicated.

Appears in 1 contract

Samples: Indenture (KLX Inc.)

Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or other obligor under the SecuritiesNotes), the Trustee shall be subject to the provisions of the TIA Section 311(a) regarding the collection of claims against the Company or any Subsidiary Guarantor (or any such other obligor), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein.

Appears in 1 contract

Samples: MGM Mirage

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