Common use of Trust Moneys Not Subordinated Clause in Contracts

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 28 contracts

Sources: Indenture (Pioneer Natural Resources Co), Indenture (Pioneer Natural Resources Co), Indenture (Pioneer Natural Resources Usa Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI IV or XIII by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIXIV, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 13 contracts

Sources: Subordinated Indenture (Pioneer Energy Services Corp), Subordinated Indenture (Helix Energy Solutions Group Inc), Subordinated Indenture (Pioneer Energy Services Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI VIII by the Trustee for the payment of principal of, and premium, if any, of and interest on, on the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIX, and none of the Holders thereof Securityholders shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Indebtedness of the Company Company, or any other creditor of the Company.

Appears in 8 contracts

Sources: Indenture (Nebraska Book Co), Indenture (Nebraska Book Co), Indenture (Advanstar Communications Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI Eight by the Trustee for the payment of principal of, and premium, if any, any premium and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIITen, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 5 contracts

Sources: Indenture (Zion Oil & Gas Inc), Indenture (Zion Oil & Gas Inc), Indenture (Zion Oil & Gas Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Partnership or any holder of Senior Indebtedness of the Company Partnership or any other creditor of the CompanyPartnership.

Appears in 5 contracts

Sources: Subordinated Indenture (MPLX Lp), Subordinated Indenture (MPLX Lp), Indenture (Spectra Energy Partners, LP)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI VIII by the Trustee for the payment of principal of, and of premium, if any, and interest on, on the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIX, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or Company, any holder of Senior Indebtedness of the Company Indebtedness, or any other creditor of the Company.

Appears in 4 contracts

Sources: Indenture (Gibraltar Industries, Inc.), Indenture (Gibraltar Industries, Inc.), Indenture (Libbey Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI VIII by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIX, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Company, the Guarantors or any holder of Senior Indebtedness of the Company or any other creditor of the CompanyCompany or the Guarantors.

Appears in 3 contracts

Sources: Subordinated Indenture (Jones Energy, Inc.), Subordinated Indenture (Jones Energy Holdings, LLC), Subordinated Indenture (Western Wisconsin Sand Company, LLC)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money moneys or the proceeds of U.S. Government Obligations held in trust under Article XI XIII by the Trustee for the payment of principal of, and premium, if any, and interest on, on the Subordinated Debt Securities or from the Debt Securities date of deposit (if made in compliance with this Indenture) shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions restraints set forth in this Article XIIArticle, and none of the Holders thereof of Securities or any coupons appertaining thereto shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 2 contracts

Sources: Indenture (Royal Gold Inc /De/), Indenture (Royal Gold Inc /De/)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in a defeasance trust or in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIXIII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Issuers or any holder of Senior Indebtedness of the Company or any other creditor of the CompanyIssuers.

Appears in 2 contracts

Sources: Subordinated Indenture (PNG Finance Corp.), Subordinated Indenture (Eott Energy Operating Lp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI VIII of the Indenture by the Trustee for the payment of principal of, and premium, if any, of and interest on, on the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Guarantor Senior Indebtedness or subject to the restrictions set forth in this Article XIIIII, and none of the Holders thereof Securityholders shall be obligated to pay over any such amount to the Company or Guarantor, any holder of Guarantor Senior Indebtedness or Senior Indebtedness of the Company Company, or any other creditor of the Guarantor or the Company.. 121 8

Appears in 2 contracts

Sources: Indenture (Nebraska Book Co), Indenture (NBC Acquisition Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI Thirteen by the Trustee for the payment of principal of, and premium, if any, and interest on, on the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in on this Article XIIFourteen, and none of the Holders thereof Trustee or the holders of the Subordinated Securities shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 2 contracts

Sources: Indenture (Carlisle Companies Inc), Indenture (Carlisle Companies Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations obligations held in trust under Article XI Thirteen by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIFourteen, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Parker Hannifin Corp)

Trust Moneys Not Subordinated. Notwithstanding ----------------------------- anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI VIII by the Trustee ------------ for the payment of principal of, and premium, if any, and interest onand Liquidated Damages, if any, on the Subordinated Debt Securities or the Debt Securities Notes shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII------- X, and none of the Holders thereof Noteholders shall be obligated to pay over any such amount to - the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Global Imaging Systems Inc)

Trust Moneys Not Subordinated. Notwithstanding anything ----------------------------- contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Electronic Data Systems Corp /De/)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI IV or XIII by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIArticle, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Subordinated Indenture (DXP Enterprises Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money moneys or the proceeds of U.S. Government Obligations held in trust under Article XI XIII of the Base Indenture by the Trustee for the payment of principal of, and premium, if any, and interest on, on the Subordinated Debt Securities or Notes from the Debt Securities date of deposit (if made in compliance with this Supplemental Indenture) shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions restraints set forth in this Article XIIVII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: First Supplemental Indenture (Southside Bancshares Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Company, any Guarantor or any holder of Senior Indebtedness of the Company or any Guarantor or any other creditor of the CompanyCompany or any Guarantor.

Appears in 1 contract

Sources: Indenture (Enterprise Products Partners L P)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Issuers or any holder of Senior Indebtedness of the Company Issuers or any other creditor of the CompanyIssuers.

Appears in 1 contract

Sources: Indenture (Eott Energy Canada Lp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in a defeasance trust or in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIXV, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Issuers or any holder of Senior Indebtedness of the Company or any other creditor of the CompanyIssuers.

Appears in 1 contract

Sources: Indenture (PVR Natural Gas Gathering LLC)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI VIII by the Trustee for the payment of principal of, and premium, if any, Principal of and interest on, on the Subordinated Debt Securities or Notes and which were deposited in accordance with the Debt Securities terms and conditions of Article VIII and not in violation of Section 10.3 hereof shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the restrictions set forth in this Article XIIX, and none of the Holders thereof Noteholders shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Purina Mills Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in a defeasance trust or in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIXIV, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Issuer or any holder of Senior Indebtedness of the Company or any other creditor of the CompanyIssuer.

Appears in 1 contract

Sources: Indenture (Seadrill Partners LLC)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI Thirteen by the Trustee for the payment of principal of, and premium, if any, and interest on, on the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in on this Article XIIFourteen, and none of the Trustee or the Holders thereof of the Subordinated Securities shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Contifinancial Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt 106 106 Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Issuer or any holder of Senior Indebtedness of the Company Issuer or any other creditor of the CompanyIssuer.

Appears in 1 contract

Sources: Indenture (H&r Block Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if anyany , and interest on, the Subordinated Debt Securities or the other Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Methanex Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in a defeasance trust or in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XIIXIII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Issuer or any holder of Senior Indebtedness of the Company or any other creditor of the CompanyIssuer.

Appears in 1 contract

Sources: Subordinated Indenture (MarkWest New Mexico LP)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI 11 by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII12, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Meridian Industrial Trust Inc)

Trust Moneys Not Subordinated. Notwithstanding ------------------------------ anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Vintage Petroleum Capital I)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the Company Issuer or any holder of Senior Indebtedness of the Company Issuer or any other creditor of the CompanyIssuer.

Appears in 1 contract

Sources: Indenture Agreement (H&r Block Inc)

Trust Moneys Not Subordinated. Notwithstanding ------------------------------ anything contained herein to the contrary, payments from money or the proceeds of U.S. Government Obligations held in trust under Article XI by the Trustee for the payment of principal of, and premium, if any, and interest on, the Subordinated Debt Securities or the Debt Securities shall not be subordinated to the prior payment of any Senior Indebtedness or subject to the restrictions set forth in this Article XII, and none of the Holders thereof shall be obligated to pay over any such amount to the 100 Company or any holder of Senior Indebtedness of the Company or any other creditor of the Company.

Appears in 1 contract

Sources: Indenture (Chirex Inc)