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

Application by Trustee of Funds Deposited for Payment of Notes. Subject to Section 10.4, all moneys deposited with the Trustee pursuant to Section 10.1 in respect of the Outstanding Notes shall be held in trust and applied by it to the payment, either directly or through any Paying Agent (including the Issuer acting as its own Paying Agent), to the Holders of the Notes of all sums due and to become due thereon for the Principal Amount at Maturity, but such money need not be segregated from other funds except to the extent required by law.

Application by Trustee of Funds Deposited for Payment of Notes. | Subject to Section 10.49.4, all moneys monies deposited with the Trustee pursuant to Section 10.1 in respect of the Outstanding Notes 9.1 shall be held in trust and applied by it to the payment, either directly or through any Paying Agent paying agent (including the Issuer Company or the Guarantor acting as its own Paying Agentpaying agent), to the Holders of the particular Notes for the payment or redemption of which such monies have been deposited with the Trustee, of all sums due and to become due thereon for the Principal Amount at Maturity, principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Application by Trustee of Funds Deposited for Payment of Notes. Subject to Section 10.4, all moneys deposited with the Trustee (for other trustee) pursuant to Section 10.1 in respect of the Outstanding Notes shall be held in trust and applied by it to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent), to the Holders of the 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 the Principal Amount at Maturity, principal and interest; but such money need not be segregated from other funds except to the extent required by law.