Common use of Preferential Collection of Claims Against the Issuer Clause in Contracts

Preferential Collection of Claims Against the Issuer. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein.

Appears in 15 contracts

Sources: Subordinated Indenture (Fidelis Insurance Holdings LTD), Junior Subordinated Indenture (Enstar Group LTD), Junior Subordinated Indenture (Fidelis Insurance Holdings LTD)

Preferential Collection of Claims Against the Issuer. The Trustee shall comply with is subject to Section 311(a) of the Trust Indenture Act, excluding except with respect to any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be is subject to Section 311(a) of the Trust Indenture Act to the extent indicated thereinindicated.

Appears in 4 contracts

Sources: Indenture (Nortel Networks LTD), Subordinated Indenture (Nortel Networks Corp), Subordinated Indenture (Nortel Networks Corp)

Preferential Collection of Claims Against the Issuer. The Trustee, in its capacity as Trustee hereunder, shall comply with Section 311(a) of the Trust Indenture ActAct ss. 311(a), excluding any creditor relationship listed in Section 311(b) of the Trust Indenture ActAct ss. 311(b). A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act ss. 311(a) to the extent indicated thereinindicated.

Appears in 2 contracts

Sources: Indenture (Ply Gem Holdings Inc), Indenture (Ply Gem Industries Inc)

Preferential Collection of Claims Against the Issuer. The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act Section 311(a) of the Trust Indenture Act), excluding any creditor relationship listed in Trust Indenture Act Section 311(b) of the Trust Indenture Act). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act Section 311(a) of the Trust Indenture Act to the extent indicated therein.indicated. ARTICLE EIGHT DISCHARGE OF INDENTURE; DEFEASANCE

Appears in 1 contract

Sources: Indenture (Inverness Medical Innovations Inc)

Preferential Collection of Claims Against the Issuer. The Trustee shall comply with is subject to Section 311(a) of the Trust Indenture Act, excluding except with respect to any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be is subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein.indicated. ARTICLE SEVEN

Appears in 1 contract

Sources: Senior Indenture (Nortel Networks Corp)

Preferential Collection of Claims Against the Issuer. The the Note Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Note Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein.. The provisions of Section 311 of the Trust Indenture Act shall apply to the Issuer as the obligor of the Notes;

Appears in 1 contract

Sources: Trust Deed (Permanent Funding (No. 2) LTD)