Common use of Preferential Collection of Claims Against Corporation Clause in Contracts

Preferential Collection of Claims Against Corporation. The Trustee is subject to TIA Sec. 311(a), excluding any creditor relationship listed in TIA Sec. 311(b). A Trustee who has resigned or been removed is subject to TIA Sec. 311(a) to the extent indicated.

Appears in 1 contract

Sources: Indenture (Delta Natural Gas Co Inc)

Preferential Collection of Claims Against Corporation. The Trustee is subject to shall comply with TIA (Sec. .) 311(a), excluding any creditor relationship listed in TIA (Sec. .) 311(b). A Trustee who has resigned or been removed is shall be subject to TIA (Sec. .) 311(a) to the extent indicatedindicated therein.

Appears in 1 contract

Sources: Indenture of Trust (Fact of West Florida Inc)