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 Government Obligations held in trust by the Trustee for the payment of principal of and interest on the Notes pursuant to Article 8 or Article 13 shall not be subordinated to the prior payment of any Holdings Senior Indebtedness or subject to the restrictions set forth in this Article 12, and none of the Holders shall be obligated to pay over any such amount to Holdings or any holder of Holdings Senior Indebtedness or any other creditor of Holdings; provided that the subordination provisions of this Article 12 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 13, as the case may be.

Appears in 7 contracts

Samples: Indenture (Realogy Holdings Corp.), Indenture (Realogy Group LLC), Indenture (Realogy Group LLC)

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Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations Securities held in trust by the Trustee for the payment of principal of and interest on the Notes pursuant to Article 8 or Article 13 12 of the Indenture shall not be subordinated to the prior payment of any Holdings Issuer Senior Indebtedness Debt or subject to the restrictions set forth in this Article 122, and none of the Holders shall be obligated to pay over any such amount to Holdings the Issuer or any holder holders of Holdings Issuer Senior Indebtedness Debt or any other creditor of Holdings; the Issuer, provided that that, the subordination provisions of this Article 12 2 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 1312 of the Indenture, as the case may be.

Appears in 5 contracts

Samples: Note Subordination Agreement (Centrus Energy Corp), Note Subordination Agreement (Centrus Energy Corp), Pledge and Security Agreement (Centrus Energy Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations Securities held in trust by the Trustee for the payment of principal of and interest on the Notes pursuant to Article 8 or Article 13 12 hereof shall not be subordinated to the prior payment of any Holdings Issuer Senior Indebtedness Debt or subject to the restrictions set forth in this Article 122, and none of the Holders shall be obligated to pay over any such amount to Holdings the Issuer or any holder holders of Holdings Issuer Senior Indebtedness Debt or any other creditor of Holdings; the Issuer, provided that that, the subordination provisions of this Article 12 2 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 1312 hereof, as the case may be.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Centrus Energy Corp), Security Agreement (United States Enrichment Corp), Usec Inc

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations held in trust by the Trustee for the payment of principal of and interest on the Notes pursuant to Article 8 or Article 13 shall not be subordinated to the prior payment of any Holdings Senior Indebtedness or subject to the restrictions set forth in this Article 12, and none of the Holders shall be obligated to pay over any such amount to Holdings or any holder of Holdings Senior Indebtedness or any other creditor of Holdings; , provided that the subordination provisions of this Article 12 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 13, as the case may be.

Appears in 2 contracts

Samples: Indenture (Realogy Group LLC), Indenture (Realogy Holdings Corp.)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations held in trust by the Trustee for the payment of principal of and interest on the Notes pursuant to Article 8 or Article 13 hereof shall not be subordinated to the prior payment of any Holdings Senior Indebtedness or subject to the restrictions set forth in this Article 12, and none of the Holders shall be obligated to pay over any such amount to Holdings or any holder of Holdings Senior Indebtedness or any other creditor of Holdings; , provided that the subordination provisions of this Article 12 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 1313 hereof, as the case may be.

Appears in 2 contracts

Samples: Indenture (Realogy Corp), Indenture (Domus Holdings 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 by the Trustee for the payment of principal of and interest on the Notes Securities pursuant to Article 8 or Article 13 hereof shall not be subordinated to the prior payment of any Holdings Designated Senior Indebtedness or subject to the restrictions set forth in this Article 12, and none of the Holders shall be obligated to pay over any such amount to Holdings the Issuer or any holder of Holdings Designated Senior Indebtedness or any other creditor of Holdingsthe Issuer; provided that the subordination provisions of this Article 12 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 13hereof, as the case may be.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Boart Longyear LTD), Fourth Supplemental Indenture (Boart Longyear Suisse Sarl)

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Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations held in trust by the Trustee for the payment of principal of and interest on the Notes pursuant to Article 8 or Article 13 hereof shall not be subordinated to the prior payment of any Holdings Senior Indebtedness or subject to the restrictions set forth in this Article 12, and none of the Holders shall be obligated to pay over any such amount to Holdings or any holder of Holdings Senior Indebtedness or any other creditor of Holdings; , provided that the subordination provisions of this Article 12 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 1313 hereof, as the case may be.. 141 Exhibit 4.79

Appears in 1 contract

Samples: Indenture (Domus Holdings Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations Securities held in trust by the Trustee for the payment of principal of and interest on the Notes pursuant to Article 8 or Article 13 11 hereof shall not be subordinated to the prior payment of any Holdings Senior Indebtedness Debt of the Company or subject to the restrictions set forth in this Article 1210, and none of the Holders shall be obligated to pay over any such amount to Holdings the Company or any holder of Holdings Senior Indebtedness Debt of the Company or any other creditor of Holdings; the Company, provided that the subordination provisions of this Article 12 10 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 1311 hereof, as the case may be.

Appears in 1 contract

Samples: Indenture (Cinemark Usa Inc /Tx)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations held in trust by the Trustee for the payment of the principal of and of, or any interest on, or the Exchange Consideration on the Notes pursuant to Article 8 or Article 13 10 shall not be subordinated to the prior payment of any Holdings Senior Indebtedness or subject to the restrictions set forth in this Article 12Section 9.08, and none of the Holders shall be obligated to pay over any such amount to Holdings or any holder of Holdings Senior Indebtedness or any other creditor of Holdings; provided that the subordination provisions of this Article 12 Section 9.08 were not violated at the time the applicable amounts were deposited in trust pursuant to Article 8 or Article 1310, as the case may be.

Appears in 1 contract

Samples: Realogy Group LLC

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