Common use of Reliance on Judicial Order or Certificate of Liquidation Agent Clause in Contracts

Reliance on Judicial Order or Certificate of Liquidation Agent. Upon any payment or distribution of assets of the Company referred to in this Article Seventeen, the Trustee, subject to the provisions of Section 601, and the Holders of the Securities or Coupons shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Trustee or to the Holders of Securities or Coupons, for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article Seventeen.

Appears in 2 contracts

Samples: Kb Home, Kb Home

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Reliance on Judicial Order or Certificate of Liquidation Agent. Upon any payment or distribution of assets of the Company any Guarantor referred to in this Article SeventeenEighteen, the Trustee, subject to the provisions of Section 601, and the Holders of the Securities or Coupons shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Trustee or to the Holders of 108 Securities or Coupons, for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of Guarantor Senior Indebtedness of such Guarantor and other indebtedness of the Companysuch Guarantor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article SeventeenEighteen.

Appears in 2 contracts

Samples: Kb Home, Kb Home

Reliance on Judicial Order or Certificate of Liquidation Agent. Upon any payment or distribution of assets of the Company referred to in this Article SeventeenSixteen, the Trustee, subject to the provisions of Section 601, Trustee and the Holders of the Debt Securities or Coupons shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such each insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Trustee or to the Holders of Securities or CouponsDebt Securities, for the purpose of ascertaining the Persons persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereontherein, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article Seventeen.Sixteen. ARTICLE SEVENTEEN

Appears in 1 contract

Samples: Bedford Property Investors Inc/Md

Reliance on Judicial Order or Certificate of Liquidation Agent. Upon any payment or distribution of assets of the Company referred to in this Article SeventeenArticle, the Trustee, subject to the provisions of Section 601, and the Holders of the Securities or Coupons of any series shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person Person making such payment or distribution, delivered to the Trustee or to the Holders of Securities or Couponsof such series, for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article SeventeenArticle.

Appears in 1 contract

Samples: Indenture (Raytheon Co/)

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Reliance on Judicial Order or Certificate of Liquidation Agent. Upon any payment or distribution of assets of the Company Issuer referred to in this Article Seventeen13, the Trustee, subject to the provisions of Section 6016.1, and the Holders of the Securities or Coupons shall be entitled to rely reply upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Trustee or to the Holders of Securities or Coupons, for the purpose of ascertaining the Persons persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the CompanyIssuer, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article Seventeen13.

Appears in 1 contract

Samples: Kaufman & Broad Home Corp

Reliance on Judicial Order or Certificate of Liquidation Agent. Upon any payment or distribution of assets of the Company any Guarantor referred to in this Article SeventeenFifteen, the Trustee, subject to the provisions of Section 6016.1, and the Holders of the Securities or Coupons Senior Subordinated Notes shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Trustee or to the Holders of Securities or CouponsSenior Subordinated Notes, for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of Guarantor Senior Indebtedness of such Guarantor and other indebtedness of the Companysuch Guarantor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article SeventeenFifteen.

Appears in 1 contract

Samples: Kb Home

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