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80005053
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Last modified
1/13/2010 10:33:39 PM
Creation date
1/13/2010 10:32:05 PM
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DEEDS
Inst Number
80005053
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80... ~}~c~3t}e~e~ <br />~~ <br />_ property held as securite at the time of such substitution shall, to the ex- <br />tent ni the fair value of the property released, have the same status as <br />the property released, and, to the extent that any claim referred to in any <br />of such subparagraphs is created tr, renewal of or in substitution far nr <br />fnr thc: purpose of repaying or ret"ending any pre-existing claim of such <br />Trustee as such creditor, such claim shall have the same status as stteL <br />preexisting claim. <br />(3) If either Trustee shah be required t,t account, the funds :tnd <br />property held in such special acreunt and the pra~eeds thereof shall be <br />apportioned between sue}t 'I'rusttc•, the bondholders and the holders of <br />other indenture securities in such manner that such Trusts=e; the bond- <br />holders and the holder? of other indenture securities realize, as a result of <br />payments front sus°h ..pedal urrount snd payments of dividends on <br />dztims Sled xtgainst thz Gontpanc in bankntpuy or receivership or in <br />},rocerdtngs far reorganizatio,t pursuant to "I'it.le 11 of the baited Mates <br />f ode or xpplicablr ~ttue lat+~. iht> .amp pc>r,~;3ntx~e ui their ri•sinrut~<> <br />claims, figured before crediting to the claim of suet "i'rustee rtnyrhiug an <br />ar:cvunt of the rein>ipf- b}~ it from the t'antpanv c,f the foods and property <br />m such six>i>ial coconut atxl tx>fore crediting to the t•espective claims of <br />such `frttstee and the bondholders and the holders of other iudenturc <br />set°urities dividends on claims filed against the i'ompan~ ut bankrupt<•} <br />or recen~etship or in proceeilinws far reorgattiztuion pnrsuaut to Citle I1 <br />of the I'mted ~tatc" (_•ode or apph~+ab}r Stxrte law-. but after ,~rrdttinR <br />thereon rrceiptis on aeruttnt of the indebtednev represented b}. titea• :e- <br />s}x rztive elaints from all sources of}ter than from such dividend, and fron, <br />the funds sad iroperty su held in such spei•ial account. .Aro used i*., th,s <br />,ubpara~raoh 13?. a-ith respc>c•t to any ,•laim. the tern, "div,rl,•nds ~ha11 <br />intsiude any distribution u°ith re>ix•ct to ,uch clatnt, ~n b:utkr,~ptcr or <br />~~iti•rrvhip ire proce~lings for retu~arlizatutn pursuant to "Title 11 ,~f ti,e <br />t"nited ~tati=s Ccrile ur applicable ~utu• ]aw', s.hether .uch distribution ,. <br />made itr_-• securities crr+,ihrr l,tvprrty, but shsll not inctude uu~ ..nr6 <br />distribution with rv,;prct to the secured {xirtiun, if ans. of curia ci;tu; <br />The c-hurt in w~hirlt .uch tiankrupu^y. recq iver_~hil1 ur pro,~hngs ft>r <br />rror~anizat-too is pending shall have jurisdiction i.4, u, apportion <br />lx~tw~t: ~+tch Truster zxnil the bondholders acrd the 6oidere of other .u- <br />dentuty> securities. its accordarue with the provision- of this sttbparn- <br />gr;iph t3J, the funds anti property held to such ~ptxtal cv+~couut and <br />{grintir~fi therr~}#', or i8} in lieu of .uch :iplKirtirinntrna, in whole tar in <br />1 <br />• <br /> <br />
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