Common use of Application by Trustee of Assets Deposited with It Clause in Contracts

Application by Trustee of Assets Deposited with It. Any deposit of assets with the Trustee or the Agent (whether or not in trust) for the payment of principal of or interest on any Securities shall be subject to the provisions of Sections 11.1, 11.2, 11.3 and 11.4; provided, that, if prior to one Business Day preceding the date on which by the terms of this Indenture any such assets may become distributable for any purpose (including, without limitation, the payment of either principal of or interest on any Security) the Trustee or such Paying Agent shall not have received with respect to such assets the written notice provided for in Section 11.6, then the Trustee or such Paying Agent shall have full power and authority to receive such assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it on or after such date.

Application by Trustee of Assets Deposited with It. Any deposit of assets with the Trustee or the Agent (whether or not in trust) for the payment of principal of or interest on on, or Additional Amounts with respect to, any Securities shall be subject to the provisions of Sections 11.1, 11.2, 11.3 and 11.4; provided, provided that, if prior to one Business Day preceding the date on which by the terms of this Indenture Supplement any such assets may become distributable for any purpose (including, without limitation, the payment of either principal of or interest on any Security) the Trustee or such a Paying Agent shall not have received with respect to such assets the written notice provided for in Section 11.6, then the Trustee or such Paying Agent shall have full power and authority to receive such assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it on or after such date.

Application by Trustee of Assets Deposited with It. Any deposit of assets with the Trustee or the Agent (whether or not in trust) for the payment of principal of or interest on on, or Additional Amounts with respect to, any Securities shall be subject to the provisions of Sections 11.1Sec- tions 12.1, 11.212.2, 11.3 12.3 and 11.412.4; provided, provided that, if prior to one Business Day preceding the date on which by the terms of this Indenture any such assets may become distributable for any purpose (including, without limitation, the payment of either principal of or interest on any Security) the Trustee or such a Paying Agent shall not have received with respect to such assets the written notice provided for in Section 11.612.6, then the Trustee or such Paying Agent shall have full power and authority to receive such assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received re- ceived by it on or after such date.

Application by Trustee of Assets Deposited with It. Any deposit of assets with the Trustee or the Agent (whether or not in trust) for the payment of principal of of, premium, if any, or interest on any Securities Notes shall be subject to the provisions of Sections 11.112.1, 11.212.2, 11.3 12.3 and 11.412.4; provided, provided that, if prior to one Business Day preceding the date on which by the terms of this Indenture any such assets may become distributable for any purpose (including, without limitation, the payment of either principal of or interest on any SecurityNote) the Trustee or such a Paying Agent shall not have received with respect to such assets the written notice provided for in Section 11.612.6, then the Trustee or such Paying Agent shall have full power and authority to receive such assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it on or after such date.