Application of Monies by Trustee. (a) Except as herein otherwise expressly provided, any monies received by the Trustee from the Corporation 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 Corporation, shall be applied, together with any other monies in the hands of the Trustee available for such purpose, as follows:
Application of Monies by Trustee. (a) Except as herein otherwise expressly provided, any money collected by the Trustee pursuant to this Article 7 shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:
Application of Monies by Trustee. Except as herein otherwise expressly provided, any monies received by the Trustee from the Corporation 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 Corporation, shall be applied, together with any other monies in the hands of the Trustee available for such purpose, as follows: first, in payment or in reimbursement to the Trustee of the reasonable compensation, costs, charges, expenses, borrowings, advances of the Trustee or other monies furnished or provided by or the instance of the Trustee in or about the execution of its trusts under, or otherwise in relation to, this Indenture and the Indenture Documents, with interest thereon as herein provided; second, but subject as hereinafter in this Section 8.6 provided, in payment, rateably and proportionately to the holders of Debentures, of the principal and accrued and unpaid interest and interest on amounts in default on the Debentures 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 and in that case in such order or priority as between principal and interest as may be directed by such resolution; and third, in payment of the surplus, if any, of such monies to the Corporation or its assigns; provided, however, that no payment shall be made pursuant to clause (b) above in respect of the principal or interest on any Debenture 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 and interest (if any) on all Debentures which are not so held. The Trustee shall not be bound to apply or make any partial or interim payment of any monies coming into its hands if the amount so received by it, after reserving thereout such amount as the Trustee may think necessary to provide for the payments mentioned in Section 8.6(a), is insufficient to make a distribution of at least 2% of the aggregate principal amount of the outstanding Debentures, but it may retain the money so received by it and invest or deposit the same as provided in Section 13.9 until the money or the investments represent...
Application of Monies by Trustee. Except as herein otherwise expressly provided any monies received by the Trustee from the Corporation pursuant to the foregoing provisions or as a result of legal or other proceedings or from any receiver, trustee in bankruptcy or liquidator of the Corporation, shall be applied, together with any other monies in the hands of the Trustee available for such purpose, as follows:
Application of Monies by Trustee. (a) The Trustee shall keep separate accounts for (i) the monies collected or received by the Trustee hereunder or under the Common Security Documents and relating to the Common Collateral and (ii) the monies collected or received by the Trustee hereunder or under the Pledge Documents and relating to the Additional Series A Collateral. All monies collected or received by the Trustee hereunder (other than amounts due to the Trustee for its own account) or under any Security Document or in respect of the Collateral shall be held and applied pursuant to the provisions of this Section 6 and Section 17(b). All monies from time to time received pursuant to the Security Documents by the Trustee, no provision for the application of which is made herein or in any of the Security Documents, shall be retained by the Trustee as additional security for the obligations secured by the Common Collateral or the Additional Series A Collateral, as the case may be.
