Application of Moneys Collected. Any moneys or other assets collected by the Trustee pursuant to this Article VII with respect to the Debentures shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys or other assets on account of principal or interest, upon presentation of the Debentures, and notation thereon the payment, if only partially paid, and upon surrender thereof if fully paid:
Appears in 29 contracts
Samples: Indenture (Independent Bank Corp /Mi/), Indenture (Private Bancorp Capital Trust I), Indenture (Local Financial Corp /Nv)
Application of Moneys Collected. Any moneys or other assets collected or to be applied by the Trustee pursuant to this Article VII with respect to the Debentures shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys or other assets on account of principal or interest, upon presentation of the Debentures, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:
Appears in 5 contracts
Samples: Indenture (Great Southern Capital Trust IV), Indenture (Capitol Bancorp LTD), Indenture (Capitol Trust Xv)
Application of Moneys Collected. Any moneys or other assets collected by the Trustee pursuant to this Article VII V with respect to any of the Debentures shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys or other assets on account of principal or interest, upon presentation of the Debenturessuch Debentures in respect of which moneys have been collected, and notation thereon the payment, if only partially paid, and upon surrender thereof if fully paid:
Appears in 3 contracts
Samples: Indenture (First Merchants Corp), Indenture (First Merchants Corp), Indenture (First Merchants Capital Trust I)
Application of Moneys Collected. Any moneys or other assets collected by the Trustee pursuant to this Article VII with respect to the Debentures shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys or other assets on account of principal or interest, upon presentation of the Debentures, and notation thereon the payment, if only partially paid, and upon surrender thereof if fully paid:
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