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

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys and U.S. Government Obligations deposited with the Trustee pursuant to Section 10.1 shall be held in trust, and such moneys and all moneys from such U.S. Government Obligations shall be 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 particular Securities of such series for the payment or redemption of which such moneys and U.S. Government Obligations have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest, if any, but such moneys and U.S. Government Obligations need not be segregated from other funds except to the extent required by law.

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys and U.S. Government Obligations deposited with the Trustee pursuant to Section 10.1 shall be held in trust, and such moneys and all moneys from received by the Trustee in respect of such U.S. Government Obligations 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 particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys and U.S. Government Obligations have been deposited with or received by the Trustee, of all sums due and to become due thereon for principal and interest, if any, ; but such moneys money and U.S. Government Obligations need not be segregated from other funds except to the extent required by law.

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys and U.S. Government Obligations deposited with the Trustee pursuant to Section 10.1 shall be held in trust, and such moneys and all moneys from such U.S. Government Obligations shall be applied by it to the payment, either directly or through any paying agent (including the Issuer Issuers acting as its their own paying agent), to the Holders of the particular Securities of such series for the payment or redemption of which such moneys and U.S. Government Obligations have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest, if any, but such moneys and U.S. Government Obligations need not be segregated from other funds except to the extent required by law.

Application by Trustee of Funds Deposited for Payment of Securities. Subject to the provisions of the last paragraph of Section 10.41003, all moneys and or U.S. Government Obligations deposited with the Trustee pursuant to Section 10.1 1302 or 1303 (and all funds earned on such moneys or U.S. Government Obligations) shall be held in trust, trust and such moneys and all moneys from such U.S. Government Obligations shall be applied by it to the payment, either directly or through any paying agent Paying Agent (including the Issuer Company acting as its own paying agentPaying Agent), to the Holders of the particular Securities of such series for the payment or redemption of which such moneys and or U.S. Government Obligations have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest, if any, ; but such moneys and or U.S. Government Obligations need not be segregated from other funds except to the extent required by law.

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys and U.S. Government Obligations deposited with the Trustee pursuant to Section 10.1 shall be held in trust, and such moneys and all moneys from such U.S. Government Obligations shall be applied by it to the payment, either directly or through any paying -61- 68 agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series for the payment or redemption of which such moneys and U.S. Government Obligations have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest, if any, but such moneys and U.S. Government Obligations need not be segregated from other funds except to the extent required by law.