Application of Moneys by Trustee Sample Clauses

Application of Moneys by Trustee. (a) Except as herein otherwise expressly provided, any moneys received by the Trustee from the Issuer pursuant to the foregoing provisions of this Article 8, or as a result of legal or other proceedings or from any trustee in bankruptcy or liquidator of the Issuer, shall be applied, together with any other moneys in the hands of the Trustee available for such purpose, as follows:
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Application of Moneys by Trustee. Except as otherwise herein provided, the monies arising from any enforcement hereof shall be held by the Trustee and applied by it, together with any other monies then or thereafter in the hands of the Trustee available for the purpose, as follows:
Application of Moneys by Trustee. Except as herein otherwise expressly provided, any moneys received by the Trustee from the Corporation pursuant to the foregoing Sections of this Article 6, or as a result of legal or other proceedings or from any trustee in bankruptcy or liquidator of the Corporation, shall be applied, together with any other moneys in the hands of the Trustee available for such purposes, as follows:
Application of Moneys by Trustee. The proceeds of any sale made either under the power of sale hereby given or under judgment or decree in any judicial proceedings for the foreclosure or otherwise for the enforcement of this Indenture, together with any other amounts of cash which may then be held by the Trustee as part of the Mortgaged Property, shall be applied as follows:
Application of Moneys by Trustee. Except as herein otherwise expressly provided, any moneys received by the Trustee from the Corporation pursuant to the foregoing Sections of this Article 6, or as a result of legal or other proceedings or from any trustee in bankruptcy or liquidator of the Corporation, shall be applied, together with any other moneys in the hands of the Trustee available for such purposes, as follows: FIRST: to the payment or reimbursement to the Trustee of its compensation, costs, charges, expenses, borrowings, advances, or other moneys furnished or provided by or at the instance of the Trustee in or about the execution of its trust or otherwise in relating to this Indenture, with interest thereon as herein provided; SECOND: subject to the provisions of Section 5.2 and as hereinafter in this Section 6.5 provided, in payment of the principal of and premium (if any) and accrued and unpaid interest and interest on amounts in default on the Debentures and coupons which shall then be outstanding in the priority of principal first and then premium and then accrued and unpaid interest and interest on amounts in default unless otherwise directed by extraordinary resolution passed as hereinafter provided and in that case in such order of priority as between principal, premium and interest as may be directed by such resolution; and THIRD: the surplus (if any) of such moneys shall be paid to the Corporation or its assigns; provided, however, that no payment shall be made in respect of principal of and premium (if any) and accrued and unpaid interest and interest on amounts in default on any Debenture or coupon held, directly or indirectly, by or for the benefit of the Corporation or any Subsidiary (other than any Debenture pledged for value and in good faith to a person other than the Corporation or any Subsidiary, but only to the extent of such person's interest therein) except subject to the prior payment in full of the principal of and premium (if any) and accrued and unpaid interest and interest on amounts in default on all Debentures which are not so held. The Trustee shall not however be bound to apply or make any partial or interim payment of any moneys coming into its hands if the amount so received by it is insufficient to make a distribution of at least two percent of the principal amount of the outstanding Debentures but it may retain the money so received by it and deposit the same in its deposit department or in a chartered bank in Canada to its credit at such rate of i...
Application of Moneys by Trustee. Except as in Sections 8.03 and 8.07 and as elsewhere herein otherwise expressly provided, any moneys received by the Trustee from the Bank pursuant to the foregoing Sections of this Article VIII, or as a result of legal or other proceedings or from any trustee in bankruptcy or curator or liquidator of the Bank, shall be applied, together with any other moneys in the hands of the Trustee available for such purposes, in the first place to pay or reimburse to the Trustee the costs, charges, expenses, advances and compensation to the Trustee in or about the execution of its trust, or otherwise in relation hereto, with interest thereon as herein provided, and all taxes, assessments and other charges ranking in priority to the Debentures and coupons, if any, and the residue of the said moneys shall be applied as follows:
Application of Moneys by Trustee. Any moneys collected by the Trustee pursuant to this Article Seven shall be applied in the order following at the date or dates fixed by
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Application of Moneys by Trustee. Except as herein otherwise expressly provided, any moneys received by the Trustee or the Collateral Agent from the Corporation pursuant to the foregoing provisions of this Article, or as a result of legal or other proceedings or from any trustee in bankruptcy or liquidator of the Corporation, shall be applied, together with any other moneys in the hands of the Trustee or the Collateral Agent available for such purpose, as follows:
Application of Moneys by Trustee. Any moneys collected by the Trustee pursuant to this Article Seven shall be applied in the order following at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest:
Application of Moneys by Trustee. SECTION 8.6
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