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

Preferential Collection of Claims Against the Company. The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act § 311(a), excluding any creditor relationship listed in Trust Indenture Act § 311(b). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act § 311(a) to the extent indicated. The Trustee hereby waives any right to set-off any claim that it may have against the Co-Issuers in any capacity (other than as Trustee and Paying Agent) against any of the assets of the Co-Issuers held by the Trustee.

Preferential Collection of Claims Against the Company. The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act § Section 311(a), excluding any creditor relationship listed in Trust Indenture Act § Section 311(b). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act § Section 311(a) to the extent indicated. The Trustee hereby waives any right to set-off any claim that it may have against the Co-Issuers Company in any capacity (other than as Trustee and Paying Agent) against any of the assets of the Co-Issuers Company held by the Trustee.

Preferential Collection of Claims Against the Company. The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act § 311(a)) as if the Trust Indenture Act applied to this Indenture, excluding any creditor relationship listed in Trust Indenture Act § 311(b). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act § 311(a) as if the Trust Indenture Act applied to this Indenture to the extent indicated. The Trustee hereby waives any right to set-off any claim that it may have against the Co-Issuers in any capacity (other than as Trustee and Paying Agent) against any of the assets of the Co-Issuers held by the Trustee.