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

Application by Trustee of Funds Deposited for Payment of. Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or ---------- other trustee) pursuant to Section 10.1 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 have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Household International Inc

AutoNDA by SimpleDocs

Application by Trustee of Funds Deposited for Payment of. SecuritiesSECURITIES. Subject to Section 10.4, all moneys deposited with the Trustee (or ---------- other trustee) pursuant to Section 10.1 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 have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Hei Preferred Funding L P)

Application by Trustee of Funds Deposited for Payment of. Securities. Subject to Section 10.49.4 hereof, all moneys deposited with the Trustee (or ---------- other trustee) pursuant to Section 10.1 9.1 hereof 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 have been deposited with the Trustee, of all sums due and to become due thereon for principal principal, premium, if any, and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Amerenenergy Generating Co

Application by Trustee of Funds Deposited for Payment of. Securities. Subject to Section 10.49.4 hereof, and to the subordination provision ---------- of this Indenture, all moneys deposited with the Trustee (or ---------- other trustee) pursuant to Section 10.1 9.1 hereof 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 acting as its own paying agentPaying 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 have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Dairy Mart Convenience Stores Inc)

Application by Trustee of Funds Deposited for Payment of. Securities. Subject to Section 10.49.8, all moneys deposited with the Trustee (or ---------- other trustee) pursuant to Section 10.1 9.1 or 9.5 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 have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Vishay Intertechnology Inc

AutoNDA by SimpleDocs

Application by Trustee of Funds Deposited for Payment of. Subordinated Securities. Subject to Section 10.411.04, all moneys deposited with ----------------------- the Trustee (or ---------- other trustee) pursuant to Section 10.1 11.01 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 acting as its own paying agentPaying Agent), to the Holders of the particular Subordinated Securities of such series and of Coupons appertaining thereto 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; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Subordinated Indenture (Exodus Communications Inc)

Application by Trustee of Funds Deposited for Payment of. Subordinated Securities. Subject to Section 10.411.04, all moneys deposited with ----------------------- the Trustee (or ---------- for other trustee) pursuant to Section 10.1 11.01 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 acting as its own paying agentPaying Agent), to the Holders of the particular Subordinated Securities of such series and of Coupons appertaining thereto 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; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Exodus Communications Inc

Time is Money Join Law Insider Premium to draft better contracts faster.