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

Preferential Collection of Claims Against the Company. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, if applicable, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent applicable and included therein.

Appears in 8 contracts

Sources: Indenture (San Rafael Bancorp), Indenture (Alabama National Bancorporation), Indenture (Florida Banks Inc)

Preferential Collection of Claims Against the Company. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, if applicable, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent applicable and included thereintherein as though such resignation or removal, as the case may be, had not occurred.

Appears in 7 contracts

Sources: Junior Subordinated Indenture (Pogo Producing Co), Subordinated Indenture (Lyondell Trust Iii), Junior Subordinated Indenture (Litchfield Capital Trust Ii)

Preferential Collection of Claims Against the Company. The Trustee shall comply with Section 311(a3Il(a) of the Trust Indenture Act, if applicable, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent applicable and included therein.

Appears in 3 contracts

Sources: Indenture (Bankunited Capital Ii), Indenture (Bankunited Capital Iii), Indenture (Bankunited Capital Ii)

Preferential Collection of Claims Against the Company. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, if applicable, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent applicable and included therein.Indenture

Appears in 2 contracts

Sources: Indenture (Kansas City Power & Light Co), Indenture (Telephone & Data Systems Inc)

Preferential Collection of Claims Against the Company. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, if applicable, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent applicable and included therein.therein as though such resignation or removal, as the case may be, had not occurred. ARTICLE 8

Appears in 2 contracts

Sources: Junior Subordinated Indenture (Pogo Trust Ii), Junior Subordinated Indenture (Pogo Trust Ii)

Preferential Collection of Claims Against the Company. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, if applicable, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent applicable and included therein.been

Appears in 1 contract

Sources: Indenture (1st Source Corp)

Preferential Collection of Claims Against the Company. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, if applicable, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent applicable and included therein.relationship

Appears in 1 contract

Sources: Subordinated Indenture (Union Bankshares Capital Trust I)