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

Preferential Collection of Claims Against Trustor. The Trustee shall comply with TIA Section 311(a), 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 required by TIA Section 311(a).

Appears in 5 contracts

Samples: Base Trust Agreement (Structured Products Corp), Base Trust Agreement (Synthetic Fixed Income Securities Inc), Base Trust Agreement (Synthetic Fixed Income Securities Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.