Application by Trustee of Funds Deposited for Payment of Notes. All moneys deposited with the Trustee or any Paying Agent shall be held in trust and applied by it to the payment, either directly or through any Paying Agent (including the Company acting as its own paying agent), to the Holders of the Notes for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest, if any, but such money need not be segregated from other funds except to the extent required by law.
Appears in 7 contracts
Samples: Indenture (Aar Corp), Indenture (Aar Corp), Indenture (Aar Corp)
Application by Trustee of Funds Deposited for Payment of Notes. All moneys deposited with the Trustee or any Paying Agent shall be held in trust and applied by it to the payment, either directly or through any Paying Agent (including other than the Company acting as its own paying agentor any Subsidiary thereof), to the Holders of the Notes for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest, if any, but such money need not be segregated from other funds except to the extent required by law.
Appears in 2 contracts
Samples: Indenture (Ciena Corp), Indenture (Ciena Corp)
Application by Trustee of Funds Deposited for Payment of Notes. All moneys deposited with the Trustee or any Paying Agent shall be held in trust and applied by it to the payment, either directly or through any Paying Agent (including other than the Company acting as its own paying agentor any Subsidiary thereof), to the Holders of the Notes for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest, if any, but such money need not be segregated from other funds except to the extent required by law.
Appears in 1 contract
Application by Trustee of Funds Deposited for Payment of Notes. All moneys amounts deposited with the Trustee or any Paying Agent pursuant to Section 12.04 shall be held in trust and applied by it to the payment, either directly or through any Paying Agent paying agent (including the Company acting as its own paying agent), to the Holders holders of the Notes particular Notes, for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interestprincipal, premium, if any, but such money need not be segregated from other funds except to the extent required by lawand interest.
Appears in 1 contract
Samples: Indenture (Goldendale Aluminum Co)
Application by Trustee of Funds Deposited for Payment of Notes. All moneys deposited with the Trustee or any Paying Agent shall be held in trust and applied by it to the payment, either directly or through any Paying Agent (including the Company acting as its own paying agent), to the Holders of the Notes for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interestinterest (including Contingent Interest), if any, but such money need not be segregated from other funds except to the extent required by law.
Appears in 1 contract
Samples: Indenture (PSS World Medical Inc)