Common use of CLAIMS OF CREDITORS Clause in Contracts

CLAIMS OF CREDITORS. Notwithstanding anything in this Trust Agreement or the Plans to the contrary, the Trust Fund shall at all times be subject to the claims of bankruptcy and other general creditors of the Company and its affiliates, as provided in Section 17 hereof. No Participant or Plan shall have any claim against the Trust Fund other than as a general unsecured creditor of the Company.

Appears in 2 contracts

Samples: Trust Agreement (Beckman Instruments Inc), Trust Agreement (Beckman Instruments Inc)

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CLAIMS OF CREDITORS. Notwithstanding anything in this Trust Agreement or the Plans to the contrary, the Trust Fund shall at all times be subject to the claims of bankruptcy and other general creditors of the Company and its affiliates, as provided in Section 17 hereof. No Participant Participant, Affiliate, or Plan shall have any claim against the Trust Fund other than as a general unsecured creditor of the Companyor Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Wachovia Corp/ Nc), Trust Agreement (Kaufman & Broad Home Corp)

CLAIMS OF CREDITORS. Notwithstanding anything in this Trust Agreement or the Plans to the contrary, the Trust Fund shall at all times be subject to the claims in bankruptcy of bankruptcy and other general creditors of the Company and its affiliates, as provided in Section 17 Article XII hereof. No Participant or Plan person entitled to the benefit of any Arrangement shall have any claim against the Trust Fund other than as a general unsecured creditor of the Company.

Appears in 1 contract

Samples: Trust Agreement (Phillips Petroleum Co)

CLAIMS OF CREDITORS. Notwithstanding anything in this Trust Agreement or the Plans to the contrary, the Trust Fund shall at all times be subject to the claims of bankruptcy and other general creditors of the Company and its affiliatesAffiliates, as provided in Section 17 hereof. No Participant or Plan shall have any claim against the Trust Fund other than as a general unsecured creditor of the Company.

Appears in 1 contract

Samples: Benefit Equity Trust Agreement (Beckman Coulter Inc)

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CLAIMS OF CREDITORS. Notwithstanding anything in this Trust Agreement or the Plans to the contrary, the Trust Fund shall at all times be subject to the claims of bankruptcy and other general creditors of the Company and its affiliates, as provided in Section 17 hereof. No Participant or Plan shall have any claim against the Trust Fund other than as a general unsecured creditor of the Companyor Trustee.

Appears in 1 contract

Samples: Trust Agreement (Tidewater Inc)

CLAIMS OF CREDITORS. Notwithstanding anything in this Trust Agreement or the Plans to the contrary, the Trust Fund shall at all times be subject to the claims of bankruptcy and other general creditors of the Company and its affiliates, as provided in Section 17 hereof. No Participant or Plan shall have any claim against the Trust Fund other than as a general unsecured creditor of the Company.

Appears in 1 contract

Samples: Trust Agreement (Vencor Inc)

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