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

Preferential Collection of Claims Against the Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Issuer (or any such other obligor).

Appears in 10 contracts

Sources: Indenture (Air Products & Chemicals Inc /De/), Indenture (Air Products & Chemicals Inc /De/), Indenture (Tyme Technologies, Inc.)

Preferential Collection of Claims Against the Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Issuer (or any such other obligor).. For purposes of Section 311(b)(4) and (6) of the Trust Indenture Act of 1939:

Appears in 7 contracts

Sources: Subordinated Indenture (Source One Mortgage Services Corp), Subordinated Indenture (Source One Mortgage Services Corp), Subordinated Indenture (Source One Mortgage Services Corp)

Preferential Collection of Claims Against the Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the SecuritiesSenior Notes), the Trustee shall be subject to the provisions of Section 311(b) of the Trust Indenture Act of 1939 regarding the collection of claims against the Issuer (or any such other obligor).

Appears in 3 contracts

Sources: Indenture (Markel Corp), Indenture (Aflac Inc), Indenture (Markel Corp)

Preferential Collection of Claims Against the Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Issuer (or any such other obligor).the

Appears in 1 contract

Sources: Senior Indenture (Williams Holdings of Delaware Inc)

Preferential Collection of Claims Against the Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Issuer Issue (or any such other obligor).. For purposes of Sections 311(b)(4) and (6) of the Trust Indenture Act of 1939:

Appears in 1 contract

Sources: Subordinated Indenture (Williams Holdings of Delaware Inc)

Preferential Collection of Claims Against the Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon under the SecuritiesNotes), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Issuer (or any such other obligor).

Appears in 1 contract

Sources: Indenture (Cnooc LTD)

Preferential Collection of Claims Against the Issuer. If and when the Trustee shall be or become a creditor of the Issuer (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Issuer (or any such other obligor).

Appears in 1 contract

Sources: Junior Subordinated Indenture (Morgan Stanley)