Common use of Application by Trustee of Funds Deposited for Payment of Debentures Clause in Contracts

Application by Trustee of Funds Deposited for Payment of Debentures. In connection with the satisfaction and discharge of this Indenture with respect to Debentures of any series, all moneys then held by any paying agent under the provisions of this Indenture with respect to such series of Debentures shall, upon demand of the Company, be repaid to it or paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys.

Appears in 6 contracts

Samples: Aes Trust Ii, Hei Preferred Funding L P, Aes Corporation

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