Common use of Trust Moneys Not Subordinated Clause in Contracts

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt or subject to the restrictions set forth in this Article X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt or any other creditor of the Company.

Appears in 3 contracts

Samples: Video Satellite (Tv Guide Inc), Indenture (Dii Group Inc), Fairpoint Communications Inc

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Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII 8 by the Trustee for the payment of principal of and interest on the Securities Debentures shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X10, and none of the Securityholders Holders of the Debentures shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 3 contracts

Samples: Indenture (Pods Inc), Indenture (Pods Inc), Indenture (Pods Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness of the Company or subject to the restrictions set forth in this Article X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 3 contracts

Samples: Peninsula Cellular Services Inc, Neenah Foundry Co, Forest Oil Corp

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. US Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of of, premium, if any, and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 3 contracts

Samples: Prime Succession Holdings Inc, Prime Succession Holdings Inc, Prime Succession Holdings Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 3 contracts

Samples: Supplemental Indenture (Werner Holding Co Inc /Pa/), Indenture (Texas Petrochemicals Corp), Boyd Gaming Corp

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII 8 by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Debt or subject to the restrictions set forth in this Article X11, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt or any other creditor of the Company.

Appears in 2 contracts

Samples: Technical Olympic Usa Inc, Tousa Delaware Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments payment from the money or the proceeds of U.S. Government Obligations held deposited in trust under Article VIII by with the Trustee in accordance with the provisions of Article 8 for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X10, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 2 contracts

Samples: Kelley Oil & Gas Corp, Kelley Operating Co LTD

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. US Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of of, premium, if any, and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X, and none of the Securityholders Noteholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 2 contracts

Samples: Paragon Trade Brands Inc, Paragon Trade Brands Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of premium, if any, and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Debt Indebtedness, or any other creditor of the Company.

Appears in 2 contracts

Samples: Indenture (Community Health Systems Inc), Fah Co Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article ARTICLE VIII by the Trustee for the payment of principal of premium, if any, and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article ARTICLE X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Debt Indebtedness, or any other creditor of the Company.

Appears in 2 contracts

Samples: Georgia Gulf Corp /De/, Montgomery Open Mri LLC

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under in accordance with Article VIII 8 by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness of the Company or subject to the restrictions set forth in this Article X10, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 2 contracts

Samples: Wilmar Holdings Inc, Diagnostic Pathology Management Services Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII 8 by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt or subject to the restrictions set forth in this Article X11, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt or any other creditor of the Company.

Appears in 2 contracts

Samples: TOUSA Investment #1, Inc., TOUSA Investment #1, Inc.

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money cash or the proceeds of non-callable U.S. Government Obligations Securities held in trust under Article VIII 8 by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Debt or subject to the restrictions set forth in this Article X12, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt or any other creditor of the Company.

Appears in 2 contracts

Samples: Prestige Brands International, Inc., Prestige Brands Holdings, Inc.

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII SECTION 11.02 of this Indenture by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article XARTICLE XV, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 2 contracts

Samples: Illinois Power Co, Illinois Power Co

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII IV or Article XIII by the Trustee for the payment of principal of and any premium or interest on the Subordinated Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness of the Company or subject to the restrictions set forth in this Article XArticle, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness or any other creditor of the Company.

Appears in 2 contracts

Samples: Indenture (Maverick Tube Corporation), Maverick Tube Corporation

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII XI by the Trustee for the payment of principal of of, and premium, if any, and interest on on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt or any other creditor of the Company.XII,

Appears in 1 contract

Samples: Indenture Tia (Pioneer Natural Resources Usa Inc)

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Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII IX by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Debt or subject to the restrictions set forth in this Article XIII, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Labranche & Co Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article ARTICLE VIII by the Trustee for the payment of principal of and interest on the Securities or the Notes Guarantees shall not be subordinated to the prior payment of any Guarantor Senior Debt Indebtedness or subject to the restrictions set forth in this Article XARTICLE XII, and none of the Securityholders shall be obligated to pay over any such amount to the Company or Company, any holder of Guarantor Senior Debt Indebtedness, or any other creditor of the Companysuch Guarantor.

Appears in 1 contract

Samples: Montgomery Open Mri LLC

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII 8 by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X11, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Lomak Petroleum Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII Nine by the Trustee for the payment of principal of of, premium, if any, on and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article XSeven, and none of the Securityholders Holders shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Debt Indebtedness of the Company, or any other creditor of the Company.

Appears in 1 contract

Samples: Indenture (MTS Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money of U.S. Legal Tender or the proceeds of U.S. Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of and interest on the Securities Notes shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X, and none of the Securityholders Noteholders shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Eye Care Centers of America Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness of the Issuer or subject to the restrictions set forth in this Article X, and none of the Securityholders shall be obligated to pay over any such amount to the Company Issuer or any holder of Senior Debt Indebtedness of the Issuer or any other creditor of the CompanyIssuer.

Appears in 1 contract

Samples: Execution Copy (Canadian Forest Oil LTD)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of of, premium, if any, and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Debt Indebtedness, or any other creditor of the Company.

Appears in 1 contract

Samples: Indenture (Eye Care Centers of America Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations government obligations held in trust under Article VIII Section 11.3 by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness, or subject to the restrictions set forth in this Article XFifteen, and none of the Securityholders Holders of Securities shall be obligated to pay over any such amount to the Company Company, or any holder of Senior Debt Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Samples: Apex Silver Mines LTD

Trust Moneys Not Subordinated. Notwithstanding ----------------------------- anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article VIII by the Trustee for the payment of principal of and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt Indebtedness or subject to the restrictions set forth in this Article X, and none of the Securityholders shall be obligated to pay over any such amount to the Company or any holder of Senior Debt Indebtedness or any other creditor of the Company.

Appears in 1 contract

Samples: Marson Creative Fastener Inc

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