Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.
Appears in 30 contracts
Samples: Indenture (WF Card Funding LLC), Indenture, Servicing Agreement (American Express Receivables Financing Corp VIII LLC)
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section subsection 311(a) of the Trust Indenture Act to the extent provided therein.
Appears in 4 contracts
Samples: Indenture (Chase Manhattan Bank Usa), Indenture (First Usa Credit Card Master Trust), Bank One Delaware National Association
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall will be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture A Trustee who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.
Appears in 3 contracts
Samples: Citibank South Dakota N A, Citibank Credit Card Master Trust I, Citibank Credit Card Issuance Trust
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will shall be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will shall be subject to Section 311(a311 (a) of the Trust Indenture Act to the extent provided therein.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mellon Bank Premium Finance Loan Master Trust), Master Note Trust (Mellon Premium Finance Loan Owner Trust)
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will shall be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will shall be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.
Appears in 2 contracts
Samples: CNH Wholesale Receivables Inc, CNH Wholesale Receivables Inc
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 3.11 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section 311(a3.11(a) of the Trust Indenture Act to the extent provided therein.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Navistar Financial Dealer Note Master Trust), Pooling and Servicing Agreement (Navistar Financial Dealer Note Master Trust)
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the NotesBonds), the Indenture Trustee will shall be subject to the provisions of Section 311 of the Trust Indenture ActAct regarding the collection of claims against the Issuer (or any such other obligor), excluding any creditor relationships described in Trust Indenture Act Section 311(b). An Indenture A Trustee who has resigned or has been removed will shall be subject to Trust Indenture Act Section 311(a) of the Trust Indenture Act to the extent provided indicated therein.
Appears in 2 contracts
Samples: Guaranty Agreement (Cedar Brakes I LLC), Indenture (Cedar Brakes Ii LLC)
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the Notes), the Indenture Trustee will shall be subject to the provisions of Section 311 of the Trust Indenture ActAct regarding the collection of claims against the Issuer (or any such other obligor), excluding any creditor relationships described in Trust Indenture Act Section 311(b). An Indenture A Trustee who has resigned or has been removed will shall be subject to Section 311(a) of the Trust Indenture Act Section 311 (a) to the extent provided indicated therein.
Appears in 1 contract
Samples: Calpine Corp
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.Trust
Appears in 1 contract
Samples: BA Master Credit Card Trust II
Preferential Collection of Claims Against Issuer. If ------------------------------------------------ and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mbna Credit Card Master Note Trust)
Preferential Collection of Claims Against Issuer. If and when the Indenture Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the Notes), the Indenture Trustee will shall be subject to the provisions of Section 311 of the Trust Indenture ActAct regarding the collection of claims against the Issuer (or any such other obligor). An Indenture A Trustee who has resigned or been removed will shall be subject to Section 311(a) of the Trust Indenture Act Section 311(a) to the extent provided indicated therein.. 101
Appears in 1 contract
Samples: Indenture (Media General Inc)
Preferential Collection of Claims Against Issuer. If and when ------------------------------------------------ the Indenture Trustee shall will be or become becomes a creditor of the Issuer (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mbna Credit Card Master Note Trust)
