Common use of Preferential Collection of Claims Against Clause in Contracts

Preferential Collection of Claims Against. Issuers or the Guarantor. The Trustee shall comply with Section 311(a) of the ------------------------- Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of that Act. If the Trustee shall resign or be removed as Trustee, it shall be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.

Appears in 1 contract

Sources: Indenture (Crown Cork & Seal Finance)

Preferential Collection of Claims Against. Issuers or the GuarantorIssuers. The Trustee shall comply with Section 311(a) of the ------------------------- Trust Indenture ------- Act, excluding any creditor relationship listed in Section 311(b) of that the Trust Indenture Act. If the A Trustee shall resign who had resigned or be been removed as Trustee, it shall be subject to Section 311(a) of the Trust Indenture Act to the extent provided indicated therein.

Appears in 1 contract

Sources: Senior Indenture (Plains All American Pipeline Lp)