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 Government Obligations held in trust under Article Four or Article Thirteen by the Trustee for the payment of principal of and any premium or interest on the Securities of any series shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation or subject to the restrictions set forth in this Article and none of the Holders shall be obligated to pay over any such amount to the Corporation or any holder of Senior Indebtedness or any other creditor of the Corporation.

Appears in 8 contracts

Sources: Subordinated Indenture (Sempra Energy Holdings), Subordinated Indenture (Duke Capital Financing Trust V), Subordinated Indenture (Duke Capital Financing Trust Iii)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or Government Obligations held in trust under Article Four or Article Thirteen 4 by the Trustee for the payment of principal of of, premium if any, and any premium or interest interest, if any, on the Securities of any series shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Company or subject to the restrictions set forth in this Article 12 and none of the Holders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness of the Company or any other creditor of the CorporationCompany.

Appears in 3 contracts

Sources: Indenture (Ual Corp /De/), Indenture (Ual Corp Capital Trust I), Indenture (Ual Corp /De/)

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

Appears in 2 contracts

Sources: Indenture (Oxford Health Plans Inc), Indenture (Oxford Health Plans Inc)

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

Appears in 2 contracts

Sources: Indenture (Sailors Inc), Indenture (Harborside Healthcare Corp)

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

Appears in 2 contracts

Sources: Subordinated Indenture (Duke Power Co /Nc/), Subordinated Indenture (Duke Power Co /Nc/)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or Government Obligations held in trust under Article Four or Article Thirteen 4 by the Trustee for the payment of principal of of, premium, if any, and any premium or interest on the Securities of any series shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Company or subject to the restrictions set forth in this Article 13, and none of the Holders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness of the Company or any other creditor of the CorporationCompany.]

Appears in 1 contract

Sources: Indenture (Robbins & Myers Inc)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations Securities held in trust under Article Four 8 hereof or Article Thirteen Four of the Original Indenture by the Trustee for the payment of principal of Reduced Principal Amount of, premium, if any, and any premium or interest on the Securities of any series Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Debt or subject to the restrictions set forth in this Article 13, and none of the Holders Noteholders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness Debt or any other creditor of the CorporationCompany.

Appears in 1 contract

Sources: Second Supplemental Indenture (Whiting Petroleum Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money Cash or Government Obligations the proceeds of Common Stock or other consideration held in trust under Article Four or Article Thirteen XIII by the Trustee for the payment of principal of and any premium or interest on the Securities of any series shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Company or subject to the restrictions set forth in this Article XI, and none of the Holders Securityholders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness of the Company or any other creditor of the CorporationCompany.

Appears in 1 contract

Sources: Indenture (Skyworks Solutions Inc)

Trust Moneys Not Subordinated. Notwithstanding anything ----------------------------- contained herein to the contrary, payments from money or Government Obligations held in trust under Article Four or Article Thirteen by the Trustee for the payment of principal of and any premium or interest on the Securities of any series shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Issuer or subject to the restrictions set forth in this Article and none of the Holders shall be obligated to pay over any such amount to the Corporation Issuer or any holder of Senior Indebtedness or any other creditor of the CorporationIssuer.

Appears in 1 contract

Sources: Indenture (C Cor Net 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 Four or Article Thirteen Twelve by the Trustee for the payment of principal of and any premium or interest on the Securities of any series shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation or subject to the restrictions set forth in this Article Thirteen, and none of the Holders or the Trustee shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness of the Company or any other creditor of the CorporationCompany or any Representative.

Appears in 1 contract

Sources: Indenture (Vintage Petroleum Inc)

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

Appears in 1 contract

Sources: Subordinated Indenture (Beckman Coulter Inc)

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

Appears in 1 contract

Sources: Indenture (Harborside Healthcare Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from either any money or the proceeds of U.S. Government Obligations held in trust under Article Four or Article Thirteen by the Trustee for the payment of principal of and any premium or interest on the Securities of any series 67/8% Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Company or subject to the restrictions set forth in this Article Fourteen, and none of the Holders Noteholders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness of the Company or any other creditor of the CorporationCompany.

Appears in 1 contract

Sources: Fifth Supplemental Indenture (Newfield Exploration Co /De/)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations Securities held in trust under Article Four 8 hereof or Article Thirteen Four of the Original Indenture by the Trustee for the payment of principal of of, premium, if any, and any premium or interest on the Securities of any series Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Debt or subject to the restrictions set forth in this Article 13, and none of the Holders Noteholders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness Debt or any other creditor of the CorporationCompany.

Appears in 1 contract

Sources: First Supplemental Indenture (Whiting Petroleum Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or Government Obligations held in trust under Article Four or Article Thirteen 4 by the Trustee for the payment of principal of of, premium, if any, and any premium or interest on the Securities of any series shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Company or subject to the restrictions set forth in this Article 12, and none of the Holders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness of the Company or any other creditor of the CorporationCompany.]

Appears in 1 contract

Sources: Indenture (Robbins & Myers Inc)

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

Appears in 1 contract

Sources: Indenture (Harborside Healthcare Corp)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from either any money or the proceeds of U.S. Government Obligations held in trust under Article Four or Article Thirteen by the Trustee for the payment of principal of and any premium or interest on the Securities of any series 6⅝% Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Company or subject to the restrictions set forth in this Article Fourteen, and none of the Holders Noteholders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness of the Company or any other creditor of the CorporationCompany.

Appears in 1 contract

Sources: Third Supplemental Indenture (Newfield Exploration Co /De/)

Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Obligations Securities held in trust under Article Four 8 hereof or Article Thirteen Four of the Original Indenture by the Trustee for the payment of principal of of, premium, if any, and any premium or interest on the Securities of any series Notes shall not be subordinated to the prior payment of any Senior Indebtedness of the Corporation Debt or subject to the restrictions set forth in this Article 12, and none of the Holders Noteholders shall be obligated to pay over any such amount to the Corporation Company or any holder of Senior Indebtedness Debt or any other creditor of the CorporationCompany.

Appears in 1 contract

Sources: First Supplemental Indenture (Whiting Petroleum Corp)