Preferential Collection of Claims Against. Depositor or Issuer Trust. If and when the Property Trustee shall be or ------------------------- become a creditor of the Depositor (or any other obligor upon Junior Subordinated Debentures or the Trust Securities), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or the Issuer Trust (or any such other obligor) as is required by the Trust Indenture Act.
Appears in 3 contracts
Sources: Trust Agreement (Allegiant Bancorp Inc), Trust Agreement (Allegiant Capital Trust Ii), Trust Agreement (Allegiant Capital Trust I)